Thiodiglycol is Used as a Solvent in a Wide Range of Applications From Dyeing Textiles to Inks

Pune, India, June 27, 2017 /MRFR Press Release/- Market Research Future published a half cooked research report on Thiodiglycol Market. 

Thiodiglycol Market Highlights

APAC region is predicted to lead the market during the forecast period due to the high consumption of thiodiglycol in the growing textile industry, especially in dyestuff application, including the countries China, India, South Korea, Japan, and others countries. As a result, increasing demand for textile industry to fulfill the global consumption has been the major driver for thiodiglycol market growth. The consumption of paint & coatings, and dyestuff, in APAC region is highly in China, followed by India, Japan, and Thailand which propel the demand of thiodiglycol market. In-addition, growing population in developing markets will drive future demand for thiodiglycol market.Furthermore, thiodiglycol is also used in rubber industry. Growing construction output, automotive industry, and various manufacturing activities are some of the key factors driving the growth of the industrial rubber market likewise, for thiodiglycol market. The Asia Pacific region has been the largest rubber consuming region due to its economic and population growth. According the Thai Rubber Association, the Asia Pacific region presently accounts for 57% of global rubber demand and will remain the world’s strongest growth market for rubber. Whereas, Asia Pacific region accounted for the largest agriculture industry which makes huge opportunity for thiodiglycol market. In addition to this, China with large population among all countries of Asia Pacific region, make a great progress in agriculture industry. Owing to the increase population and the positive growth of industrialization and urbanization, huge agricultural resources is becoming the driving factors to Chinese agricultural industry, which is another driving factor of thiodiglycol market. Furthermore, India holds the second largest agricultural industry, which makes huge opportunity for thiodiglycol market in this region.

Whereas, North America holds second position for global thiodiglycol market followed by Europe region. Moreover, Middle East, Latin America and South Africa is an emerging region for thiodiglycol market due to increasing consumption of thiodiglycol in various industries such as pharmaceutical, agriculture, and other industries.

Global Thiodiglycol Market by Region (2016-2023)

Key Players:The Asia Pacific region thiodiglycol market also provides an extensive range of manufacture including Japan and China based key players such as MAOMING YUNLONG INDUSTRIAL DEVELOPMENT CO., LTD. (China), SONGWON (South Korea), and Others.

SegmentationThe global thiodiglycol market is majorly segmented on the basis of application, end users and region. Based on application of thiodiglycol the market is segmented into as additive, solvents, paints & coating, dyestuffs, pesticides, antioxidant, and others. Among all applications thiodiglycol is highly used as dyestuffs and antioxidant. On the other hand, based on end user the market segmented into textile, rubber, pharmaceutical, agriculture, and other, and based on region market is segmented into North America, Europe, APAC, Latin America, and Middle East & Africa.

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