Product Code: ETC13374121 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Thiourea Market was valued at USD 0.86 Billion in 2024 and is expected to reach USD 1.2 Billion by 2031, growing at a compound annual growth rate of 4.80% during the forecast period (2025-2031).
The global thiourea market is experiencing steady growth driven by its versatile applications across various industries such as agriculture, pharmaceuticals, and mining. Thiourea is widely used as a raw material in the production of herbicides, fungicides, and animal health products in the agriculture sector. In the pharmaceutical industry, thiourea is utilized in the synthesis of drugs and as a reducing agent in chemical reactions. Additionally, it plays a crucial role in the mining industry for extracting gold and silver from ores. The market is witnessing increasing demand due to the growing agricultural activities, pharmaceutical research, and mining operations worldwide. Key players in the global thiourea market include Mitsubishi Materials Corporation, Merck KGaA, Alfa Aesar, and Arkema Group, among others, who are continuously investing in research and development to innovate and expand their product offerings.
The Global Thiourea Market is experiencing growth due to increasing demand from the agriculture and chemical industries. Thiourea is widely used as a raw material in the production of herbicides, fungicides, and other agricultural chemicals. Additionally, the expanding application of thiourea in the mining industry for metal extraction processes is driving market growth. Opportunities in the market include the development of innovative products with enhanced properties, such as higher purity levels and improved stability. The market is also witnessing a trend towards sustainable and environmentally friendly production methods, presenting opportunities for companies to capitalize on the growing demand for eco-friendly thiourea products. Overall, the Global Thiourea Market is expected to continue expanding, driven by the increasing industrial applications and technological advancements in the sector.
The Global Thiourea Market faces several challenges, including fluctuating raw material prices due to economic and geopolitical factors, stringent government regulations on chemical usage and disposal, and increasing competition from alternative chemicals. Additionally, the market is also impacted by the volatility in demand from end-user industries such as agriculture, mining, and pharmaceuticals. Sustainability concerns related to the environmental impact of thiourea production and usage are also becoming more prominent, leading to a shift towards eco-friendly alternatives. Overall, navigating these challenges requires market players to innovate their products, streamline operations, and adapt to changing regulatory landscapes to maintain a competitive edge in the Global Thiourea Market.
The global thiourea market is primarily driven by its wide range of applications across various industries such as agriculture, pharmaceuticals, and chemical. In agriculture, thiourea is used as a nitrogen fertilizer, which boosts crop yields and improves soil quality. Additionally, thiourea is a key ingredient in the manufacturing of pharmaceuticals, especially in the production of drugs for thyroid disorders. In the chemical industry, thiourea is utilized in the production of rubber accelerators, herbicides, and as a metal cleaning agent. The increasing demand for thiourea-based products in emerging economies, coupled with ongoing research and development activities to explore new applications, are expected to further drive the growth of the global thiourea market.
Government policies related to the Global Thiourea Market primarily focus on regulating the production, distribution, and use of thiourea due to its environmental and health impacts. Many countries have established guidelines and regulations to ensure safe handling and disposal of thiourea, including restrictions on its use in certain applications. Additionally, there is a growing emphasis on promoting sustainable practices in the thiourea industry, such as encouraging the development and adoption of eco-friendly alternatives. Some governments also offer incentives and subsidies to companies that invest in research and development of cleaner production methods for thiourea. Overall, government policies aim to balance the economic benefits of the thiourea market with environmental and health considerations to ensure long-term sustainability.
The Global Thiourea Market is expected to witness steady growth in the coming years due to increasing applications across various industries such as agriculture, cosmetics, textiles, and pharmaceuticals. The growing demand for thiourea as a raw material for chemical synthesis, as well as its use in metal processing and as a reducing agent in photography, is likely to drive market expansion. Additionally, the rising focus on sustainable practices and the development of eco-friendly alternatives in the chemical industry are expected to further boost the demand for thiourea. However, factors such as volatility in raw material prices and environmental concerns regarding thiourea`s toxicity may pose challenges to market growth. Overall, technological advancements, increasing research and development activities, and expanding industrial applications are anticipated to propel the Global Thiourea Market in the foreseeable future.
In the Global Thiourea Market, Asia is expected to lead in terms of both production and consumption, driven by the presence of key manufacturing hubs in countries like China and India. North America and Europe are anticipated to witness steady growth due to increasing applications of thiourea in various industries such as agriculture, pharmaceuticals, and chemicals. The Middle East and Africa region is projected to show moderate growth, primarily supported by the growing demand for agricultural chemicals. Latin America is also expected to experience a rise in thiourea consumption, driven by the expanding agricultural sector. Overall, the global thiourea market is poised for growth across all regions, with Asia leading the way followed by North America and Europe.
Global Thiourea Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Thiourea Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Thiourea Market Revenues & Volume, 2021 & 2031F |
3.3 Global Thiourea Market - Industry Life Cycle |
3.4 Global Thiourea Market - Porter's Five Forces |
3.5 Global Thiourea Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Thiourea Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Thiourea Market Revenues & Volume Share, By Purity Level, 2021 & 2031F |
3.8 Global Thiourea Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Global Thiourea Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Global Thiourea Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Thiourea Market Trends |
6 Global Thiourea Market, 2021 - 2031 |
6.1 Global Thiourea Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Thiourea Market, Revenues & Volume, By Industrial Grade, 2021 - 2031 |
6.1.3 Global Thiourea Market, Revenues & Volume, By Pharmaceutical Grade, 2021 - 2031 |
6.1.4 Global Thiourea Market, Revenues & Volume, By High Purity, 2021 - 2031 |
6.1.5 Global Thiourea Market, Revenues & Volume, By Agricultural Grade, 2021 - 2031 |
6.1.6 Global Thiourea Market, Revenues & Volume, By Others, 2021 - 2031 |
6.2 Global Thiourea Market, Revenues & Volume, By Purity Level, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Thiourea Market, Revenues & Volume, By 98% Purity, 2021 - 2031 |
6.2.3 Global Thiourea Market, Revenues & Volume, By 99% Purity, 2021 - 2031 |
6.2.4 Global Thiourea Market, Revenues & Volume, By Ultra-High Purity, 2021 - 2031 |
6.2.5 Global Thiourea Market, Revenues & Volume, By Standard Purity, 2021 - 2031 |
6.3 Global Thiourea Market, Revenues & Volume, By Application, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Thiourea Market, Revenues & Volume, By Gold Leaching, 2021 - 2031 |
6.3.3 Global Thiourea Market, Revenues & Volume, By Antithyroid Drugs, 2021 - 2031 |
6.3.4 Global Thiourea Market, Revenues & Volume, By Photographic Fixer, 2021 - 2031 |
6.3.5 Global Thiourea Market, Revenues & Volume, By Pesticide Manufacturing, 2021 - 2031 |
6.3.6 Global Thiourea Market, Revenues & Volume, By Synthetic Resins, 2021 - 2031 |
6.4 Global Thiourea Market, Revenues & Volume, By End User, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Thiourea Market, Revenues & Volume, By Mining, 2021 - 2031 |
6.4.3 Global Thiourea Market, Revenues & Volume, By Healthcare, 2021 - 2031 |
6.4.4 Global Thiourea Market, Revenues & Volume, By Imaging Industry, 2021 - 2031 |
6.4.5 Global Thiourea Market, Revenues & Volume, By Agriculture, 2021 - 2031 |
6.4.6 Global Thiourea Market, Revenues & Volume, By Polymers, 2021 - 2031 |
7 North America Thiourea Market, Overview & Analysis |
7.1 North America Thiourea Market Revenues & Volume, 2021 - 2031 |
7.2 North America Thiourea Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Thiourea Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Thiourea Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Thiourea Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Thiourea Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Thiourea Market, Revenues & Volume, By Purity Level, 2021 - 2031 |
7.5 North America Thiourea Market, Revenues & Volume, By Application, 2021 - 2031 |
7.6 North America Thiourea Market, Revenues & Volume, By End User, 2021 - 2031 |
8 Latin America (LATAM) Thiourea Market, Overview & Analysis |
8.1 Latin America (LATAM) Thiourea Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Thiourea Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Thiourea Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Thiourea Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Thiourea Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Thiourea Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Thiourea Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Thiourea Market, Revenues & Volume, By Purity Level, 2021 - 2031 |
8.5 Latin America (LATAM) Thiourea Market, Revenues & Volume, By Application, 2021 - 2031 |
8.6 Latin America (LATAM) Thiourea Market, Revenues & Volume, By End User, 2021 - 2031 |
9 Asia Thiourea Market, Overview & Analysis |
9.1 Asia Thiourea Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Thiourea Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Thiourea Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Thiourea Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Thiourea Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Thiourea Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Thiourea Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Thiourea Market, Revenues & Volume, By Purity Level, 2021 - 2031 |
9.5 Asia Thiourea Market, Revenues & Volume, By Application, 2021 - 2031 |
9.6 Asia Thiourea Market, Revenues & Volume, By End User, 2021 - 2031 |
10 Africa Thiourea Market, Overview & Analysis |
10.1 Africa Thiourea Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Thiourea Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Thiourea Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Thiourea Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Thiourea Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Thiourea Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Thiourea Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Thiourea Market, Revenues & Volume, By Purity Level, 2021 - 2031 |
10.5 Africa Thiourea Market, Revenues & Volume, By Application, 2021 - 2031 |
10.6 Africa Thiourea Market, Revenues & Volume, By End User, 2021 - 2031 |
11 Europe Thiourea Market, Overview & Analysis |
11.1 Europe Thiourea Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Thiourea Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Thiourea Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Thiourea Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Thiourea Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Thiourea Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Thiourea Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Thiourea Market, Revenues & Volume, By Purity Level, 2021 - 2031 |
11.5 Europe Thiourea Market, Revenues & Volume, By Application, 2021 - 2031 |
11.6 Europe Thiourea Market, Revenues & Volume, By End User, 2021 - 2031 |
12 Middle East Thiourea Market, Overview & Analysis |
12.1 Middle East Thiourea Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Thiourea Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Thiourea Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Thiourea Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Thiourea Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Thiourea Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Thiourea Market, Revenues & Volume, By Purity Level, 2021 - 2031 |
12.5 Middle East Thiourea Market, Revenues & Volume, By Application, 2021 - 2031 |
12.6 Middle East Thiourea Market, Revenues & Volume, By End User, 2021 - 2031 |
13 Global Thiourea Market Key Performance Indicators |
14 Global Thiourea Market - Export/Import By Countries Assessment |
15 Global Thiourea Market - Opportunity Assessment |
15.1 Global Thiourea Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Thiourea Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Thiourea Market Opportunity Assessment, By Purity Level, 2021 & 2031F |
15.4 Global Thiourea Market Opportunity Assessment, By Application, 2021 & 2031F |
15.5 Global Thiourea Market Opportunity Assessment, By End User, 2021 & 2031F |
16 Global Thiourea Market - Competitive Landscape |
16.1 Global Thiourea Market Revenue Share, By Companies, 2024 |
16.2 Global Thiourea Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |