Ethanethiol, structurally obtained by replacing the oxygen atom in ethanol with sulfur, is an organic compound with the molecular formula CH3CH2SH. It is a colorless, transparent, and volatile highly toxic oily liquid, slightly soluble in water, but easily soluble in alkaline and organic solvents.

Ethanethiol is known for its strong, persistent, and irritating garlic odor, which is very pronounced and can be smelled by humans even when the air contains only 50 billion parts of Ethanethiol. Therefore, ethanethiol was listed as one of the most odorous substances in the 2000 edition of the Guinness World Records.

Overview of Market Development

From the current market situation, ethanethiol, as an important chemical raw material, has a wide range of applications in various fields such as pesticides, dyes, petroleum catalytic cracking, and rubber production. With the steady growth of the global economy, the demand for these industries will continue to increase, thereby driving further expansion of the ethanethiol market. According to our research data, the global consumption of ethanethiol is expected to reach 24.1k tons in 2024, an increase of 5.15% compared to 2023.

In the future, with the continuous progress of science and technology, the production process and product quality of Ethanethiol will be further improved. This can not only improve the purity of ethanethiol and meet higher-end application needs but also reduce production costs, enhance market competitiveness, promote sustainable development, and further expansion of the market. It is expected that global consumption of ethanethiol will continue to increase to 30.8k tons by 2029.

Market Analysis of Major Regions/Countries

From a regional perspective, the global ethanethiol market is mainly concentrated in North America, Europe, and the Asia Pacific region. The consumption of ethanethiol in these three major regions accounts for over 85% of the global total consumption.

From a national perspective, the US is the global largest consumer of ethanethiol. Data shows that the consumption of ethanethiol in the US is expected to reach 6689 tons in 2024, accounting for an estimated 27.79% of the total consumption. China is expected to become the second largest consumer of ethanethiol globally with a proportion of 20.63%.

 

Source: www.globalmarketmonitor.com

Analysis of Market Competition Pattern

From the perspective of market competition, the concentration of the global ethanethiol market is extremely high, with Chevron Phillips and Arkema S.A. dominating the market. The data shows that the total output value of ethanethiol from Chevron Phillips and Arkema S.A., the two major manufacturers, is estimated to be $75.70 million in 2024, and the total share of output value is expected to reach 88.33%.

Ethanethiol Output Value and Share of Main Companies Forecast in 2024

Companies	Output Value (Million USD)	Share
Chevron Phillips	53.58	63.63%
Arkema S.A.	20.80	24.70%
Nantong Jiangshan Agrochemical & Chemicals	1.32	1.57%
Top3 Companies	75.70	%