Market Overview:
Methanethiol, also known as methyl mercaptan, is a flammable, colorless gas naturally present in crude petroleum and natural gas. It has a strong, unpleasant odor and is used as an intermediate in the production of various chemicals, pesticides, and polymers. It provides odor to natural gas for the purpose of leakage detection. Methanethiol is required for the manufacturing of methionine, an essential amino acid used as nutritional supplements for livestock.

Market key trends:
The global methanethiol market is expected to witness significant growth, owing to increasing demand from the pesticides industry. Methanethiol acts as an important intermediate in the manufacturing of several pesticides such as metham sodium and metham potassium. According to FAO, the global pesticide market was valued at US$ 58.9 billion in 2020 and is projected to grow at a CAGR of 3% during 2020-2025. Rising pesticide consumption for boosting crop yield will augment the demand for methanethiol over the forecast period. Methanethiol also finds application as a corrosion inhibitor, polymerization catalyst, and anti-oxidant. Increasing use of methanethiol across various end-use industries is expected to propel the market growth during the forecast period.

Key Takeaways

The global Methanethiol Market Size is expected to witness strong growth at a CAGR of 5.5% over the forecast period owing to increasing consumption in agrochemical applications. Methanethiol acts as an important building block in the manufacture of various pesticides and is projected to drive the market growth.

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