Para Toluene Sulfonyl Hydrazide Market – Global Industry Perspective, Comprehensive Analysis and Forecast 2016 – 2022
Sarasota, FL -- (SBWIRE) -- 12/08/2017 -- According to the report, global demand for para toluene sulfonyl hydrazide market was valued at USD 56.0 million in 2016, is expected to reach USD 66.4 million in 2022 and is anticipated to grow at a CAGR of 2.8 % between 2017 and 2022.
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Para toluenesulfonyl hydrazide (p-TSH) is a blowing agent for rubbers and plastics like PVC, EVA, polyolefin, polystyrene products. Blowing agent para toluene sulfonyl hydrazide is a low-temperature vesicant. Para toluene sulfonyl hydrazide features non-staining, non-discoloring, non-toxic, and odorless nitrogen releasing. It is prepared by shaking 50% hydrazine hydrate and p-toluenesulfonyl chloride in benzene for several hours. Para toluene sulfonyl hydrazide has active applications in organic synthesis for agrochemicals and pharmaceuticals. Para toluene sulfonyl hydrazide is widely used as a blowing agent in the manufacturing of different types of polymeric foams to achieve specific properties and enhancing nature of polymer parts.
The global para toluene sulfonyl hydrazide market is expected to grow at a steady rate within the forecast period. The unique properties of para toluene sulfonyl hydrazide play an important role in driving this market. Increasing demand for polymeric foams, especially polyurethane foams, owing to rapid development in their end-user industries such as construction and appliances is driving the demand for para toluene sulfonyl hydrazide. Additionally, high growth of end user industries in Asia Pacific is anticipated to further fuel the demand for para toluenesulfonyl hydrazide. However, stringent regulations against the use of para toluene sulfonyl hydrazide may hamper the market growth in near future. Moreover, the presence of low-GWP (global warming potential) alternatives may abstract the growth of the market.
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Currently, Asia-Pacific is estimated to be the largest market for para toluene sulfonyl hydrazide worldwide. It is also expected to be the fastest growing regional market. The region consumed over 50% of the para toluene sulfonyl hydrazide market in 2016. It stands as one of the leading consumers of foam insulated products. China is among the top para toluene sulfonyl hydrazide consumers in Asia Pacific. Moreover, other Asian countries such as India and South Korea also generate considerable demand for para toluene sulfonyl hydrazide due to high industrial production levels. Mature markets of North America and Europe are expected to witness a relatively slower growth in demand for para toluene sulfonyl hydrazide. Additionally, these regions are at the forefront of the initiatives taken towards sustainable growth practices to protect the environment.
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The players in the para toluene sulfonyl hydrazide market face strong competition since their products are similar and they supply to the same target end users. A limited number of product type further intensifies the competition in the market. The companies are mainly focusing on the producing differentiated products. Prominent vendors in the market include Tokyo Chemical Industry Co., Ltd, Santa Cruz Biotechnology, Sigma-Aldrich, VWR International and Alfa Aesar.
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