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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Cleaner Production Methods of Vinyl
Sulfone to Offer Attractive Opportunities
·
Manufacturers
are adopting cleaner production methods of vinyl sulfone, wherein, negligible
amounts of hydrochloric acid are released as effluents. The hydrochloric acid
released in the process is sent to the hydrochloric acid scrubbing system,
which helps decrease the emission of hydrochloric acid into the atmosphere. In
this process, the use of caustic in caustic scrubbers for the neutralization of
hydrochloric acid helps in decreasing the quantity of the effluent.
Vinyl
Sulfone - A Polluting Chemical
·
Mother
liquor and washings after condensation contain glycols such as sodium sulfate
and sodium chloride. In the manufacturing of vinyl sulfone, the liquid effluent
generated is toxic, with high biochemical oxygen demand (BOD), chemical oxygen
demand (COD), and total dissolved solids (TDS), which is difficult to
biodegrade. Moreover, the solid waste generated is hazardous.
·
In
China, in July 2016, a nationwide campaign on
environmental inspection was started. This inspection included the stricter
implementation of waste disposal by chemical companies. The government launched
nationwide inspections covering the transfer and disposal of waste, and those
companies that are not able to meet the standards for waste disposal are not
allowed to move into chemical parks.
·
Stringent
environmental regulations resulted in adverse effects on the chemical industry
in China, including factory closures. China is a major producer of vinyl
sulfone.
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Asia Pacific Dominates Global Vinyl
Sulfone Market
·
Asia
Pacific is projected to be a highly attractive market for vinyl sulfone during
the forecast period. Asia Pacific constituted a dominant share of the global
vinyl sulfone market in 2018. Increase
in the demand for vinyl sulfone from the textile industry in China, India,
Taiwan, and South Korea has made Asia Pacific the largest consumer of dyestuff
across the globe. Thus, rise in the demand for dyestuff in Asia Pacific is boosting
the vinyl sulfone market in the region.
·
The
dyestuff manufacturing application segment is expanding at a considerable rate
in Europe, owing to innovative dying techniques and rise in the demand for
dyestuff in the region. The Europe vinyl sulfone market is expected to expand
at a CAGR of ~3% during the forecast period.
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Vinyl Sulfone Ester Type Held
Major Share of Global Vinyl Sulfone Market
·
Vinyl
sulfone ester is expected to be a highly attractive segment in the global vinyl
sulfone market during the forecast period. The segment held a major share of
the market in 2018.
·
Vinyl
sulfone ester is largely used in the manufacturing of reactive dyes. The
growing reactive dye industry in countries such as India, China, Indonesia, and
Japan is driving the vinyl sulfone ester segment.
·
Various
forms of vinyl sulfone ester are used for imparting different colors to dyes;
for instance, ortho anisidine vinyl sulfone is used to impart colors such as
yellow, red, and brown.
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%.
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