Sodium Methyl Mercaptide (SMM) Market, Global Outlook and Forecast 2024-2030
The global SMM market size was valued at US$ 234.5 million in 2024 and is projected to reach US$ 312.4 million by 2030, at a CAGR of 4.9% during the forecast period 2024-2030.
The United States SMM market size was valued at US$ 67.8 million in 2024 and is projected to reach US$ 87.6 million by 2030, at a CAGR of 4.4% during the forecast period 2024-2030.
SMM is a chemical intermediate used in the production of methionine and other sulfur-containing compounds.
The global market is growing moderately, driven by animal feed additive production. In 2023, production reached 85,000 metric tons globally, with methionine production accounting for 80% of consumption. The market saw a 15% increase in high-purity grade adoption in 2023. Technical grade dominates with an 85% market share, while specialty grades are growing at 5% annually. Asia Pacific leads with a 50% market share and is the fastest-growing region at 5.5% CAGR. The industry is focusing on developing efficient processes, with a 20% growth in R&D investments for cost reduction.
Report Overview
Sodium Methyl Mercaptide (SMM) is a chemical compound used as a chain transfer agent and stabilizer in the production of polymers and plastics.
This report provides a deep insight into the global Sodium Methyl Mercaptide (SMM) market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Sodium Methyl Mercaptide (SMM) Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Sodium Methyl Mercaptide (SMM) market in any manner.
Global Sodium Methyl Mercaptide (SMM) Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Arkema
Chevron Phillips Chemical
Xiangyun Chemical
Hubei Xingfa
Zhejiang Yaxin Technology
Market Segmentation (by Type)
20% Solution
Other
Market Segmentation (by Application)
Pesticide
Medicine
Dyes
Other
Geographic Segmentation
