Vinyl Sulfone Market Sales, Size, Share and Forecast 2027

Global Vinyl Sulfone Market: Key Highlights

The global vinyl sulfone market was valued at ~US$ 1.7 Mn in 2018, and is anticipated to expand at a CAGR of ~4% from 2019 to 2027.
In the Asia Pacific region, the increasing demand for textile dyes, and policies that mandate the use of environment-friendly and low VOC products, have led to innovation in the textile dyes industry. The textile industry majorly uses reactive dyes, and vinyl sulfone is popularly employed in the manufacturing of reactive dyes. Increasing demand for textiles is expected to surge the growth of the global vinyl sulfone market.

Key Drivers of Vinyl Sulfone Market

Vinyl sulfone is a cross-linker reagent used as a raw material for the manufacturing of reactive dyes having application mainly in textiles and leather. The global industry for reactive dyes is increasing due to expansion of the textile industry. In Asia Pacific, expansion of various industries, such as textiles, leather, paper, and wood, are the major drivers of the reactive dye industry.
Asia Pacific is major consumer of reactive dyes, globally, and India is a major player in the reactive dye industry. Increase in the demand from the textile industry in China, India, Taiwan, and South Korea, and rise in the consumption of dyes in Europe, are driving the reactive dye industry, in turn, propelling the global vinyl sulfone market.

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Dyestuff Manufacturing to be Highly Attractive Application in Global Vinyl Sulfone Market

Dyestuff manufacturing is expected to be a highly attractive segment, accounting for a leading share of the global vinyl sulfone market during the forecast period.
The growth of the textile industry is likely to fuel the consumption of dyestuff, globally, in the near future. Thus, rise in the consumption of dyestuff is anticipated to boost the global market for vinyl sulfone during the forecast period.
The dye and dye intermediate industry is expected to expand from 1.19 MMT in 2016 to ~1.5 MMT in 2021, at a CAGR of ~4%.

Top Three Players Accounted for Major Market Share in 2018

Prominent players operating in the global vinyl sulfone market include Kiri Industries Limited, Bodal Chemicals Ltd., Bhageria Industries Limited, AksharChemIndia, and Shree Pushkar Chemicals and Fertilizers Ltd.
On March 20, 2017, Bodal Chemicals Ltd. invested around US$ 580 Thousand to acquire approx. 70% stake in S P S Processors Pvt Ltd. S P S Processors Pvt Ltd’s manufacturing plant, which is located at Kosi (Uttar Pradesh, India), is a zero discharge unit, fully compliant with environmental regulations.
In 2016, Shree Pushkar Chemicals & Fertilizers Ltd. increased its production capacity of dye intermediates and expanded its business segment with the manufacturing of dyestuff.
In 2016, AksharChemIndia expanded its vinyl sulfone capacity to 7,800 TPA.

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