The Vinyl Sulfone by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Vinyl Sulfone , The vinyl sulfone market size has grown steadily in recent years. It will grow from $1.8 billion in 2023 to $1.87 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to research and development initiatives, emergence of specialty chemicals, expansion in chemical industries, advancements in reactive chemistry, textile industry adoption..
The vinyl sulfone market size is expected to see steady growth in the next few years. It will grow to $2.27 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to rise in demand for reactive dyes, expansion in pharmaceuticals, increased applications in water treatment, market penetration in emerging economies, focus on sustainable chemistry.. Major trends in the forecast period include shift towards sustainable chemicals, rise in textile and leather industries, technological advancements in polymerization, healthcare industry demand, market expansion in developing regions..
The rise in demand for textile products is driving the vinyl sulfone market. Textile products are raw, semi-finished products made from fibers such as nylon, silk, and cotton. Vinyl sulfone is used as a major component of reactive dyes that are used in the textile industry for coloring textiles. For instance, in May 2023, according to National Council of Textile Organizations (NCTO) is a US-based trade association that representing textile industry, in 2022, the estimated value of U.S. shipments in the man-made fiber, textile, and apparel sector reached $65.8 billion, showing an increase from the $64.04 billion recorded in 2021. Notably, U.S. exports in textiles and apparel to the Western Hemisphere experienced a significant rise of 14.9%, reaching a total of $18 billion in 2022. As a result, the increasing demand for textile products is driving the vinyl sulfone market forward.
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The vinyl sulfone market covered in this report is segmented –
1) By Type: Divinyl Sulfone, Phenyl Vinyl Sulfone, Methyl Vinyl Sulfone, Vinyl Sulfone Ester
2) By Application: Dyestuff Manufacturing, Chemical Intermediate, Proteomics, Other Applications
Product innovations are a key trend gaining popularity in the vinyl sulfone market. Major companies in the market are introducing innovative products such as AVITERA®SE reactive dye to sustain their position in the market. For instance, in March 2022, Huntsman, a US-based manufacturer of chemical products, launched the new 3rd generation AVITERA SE sustainable reactive dye range. The vinyl sulfone-based dye reduces the dyeing and washing-off cycle and offers up to 50% savings on water and electricity consumption. It also offers greater right-first-time performance and great compatibility.
The vinyl sulfone market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
Major Players:
- B Braun Vet Care GmbH
- Medtronic PLC
- Jorgen KRUUSE A/S
- Smiths Medical PLC
- Neogen Corporation
- Ethicon Inc.
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