Significant Growth in the Textile Sector to Augment Growth of Thiourea Dioxide Market

 


Thiourea dioxide or thiox is an organosulfur compound that is used in the textile industry. It functions as a reducing agent. These chemicals are added to detergents, cleaning agents, bleaches, and pastes. They are found in many forms, such as, in powder, granules, and sheets. Some manufacturers combine the various forms of thiourea dioxide with other organic ingredients, which further serve to further strengthen the product. Some of the more common types of organic materials that have been known to contain high levels of the chemical include wheat grass, sugar cane, bamboo powder, and chaste tree bark. Other sources of the chemical can be found in various foods, such as, soy sauce, molasses, brown rice, and many dairy products.

There are various procedures for the reduction of thiourea dioxide in textile products. One of these is the usage of solvents such as acetone. The main function of the solvents is to chemically alter the molecule of the thiourea thus breaking it into smaller molecules. The size of the molecule is dependent upon the reaction that will take place after the binding of the molecule. Another procedure uses the concept of solute exchange. When a solute is electrically charged, the molecule will accept the electrons from another compound and thereby reduce the solute to its lighter form.

Market Dynamics

Significant growth in the textile sector is expected to propel growth of the thiourea dioxide market. For instance, according to Federation of Indian Chambers of Commerce and Industries (FICCI), the global textile industry is projected to reach US$ 1600 billion by 2026, with CAGR of 6.3%.

Among regions, North America is expected to witness significant growth in the thiourea dioxide market, owing to increasing demand for man-made fiber, and filament, and other textiles. For instance, according to National Council of Textile Organizations (NCTO), 2018 state of the U.S. Textile Industry Address, in 2017, the value of U.S. man-made fiber and filament, textile, and apparel shipments totaled an estimated US$ 77.9 billion, an increase from US$ 74.4 billion in output in 2016 and an increase of 16% since 2009.

However, decrease in paper and paperboard capacity is expected to hinder growth of the thiourea dioxide market. For instance, in May 2019, The American Forest & Paper Association reported that U.S. paper and paperboard capacity declined 1.1 percent in 2018.

Competitive Analysis

Major players operating in the thiourea dioxide market include, Hongye Chemical Co. Ltd., Puyang Hexing Co. Ltd., Nanle Jione Chemical Co. Ltd., Qingzhou Guangda Chemicals Co Ltd., Weifang Shenghe Zhuji Co. Ltd., Changyi Haosen Biotechnology Co. Ltd., Jinan Hui Feng Da Chemical Co. Ltd., Puyang Puzhong Chemical Co. Ltd., Shijiazhuang Xinsheng Chemical Co. Ltd., Dasteck Chemicals Co. Ltd., Weifang Ruimin Chemistry Co. Ltd., and J N Chemical.

In-depth Report on Thiourea Dioxide Market by Coherent Market Insights:

https://www.coherentmarketinsights.com/ongoing-insight/thiourea-dioxide-market-2270

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