According to the research report titled ‘Global Thioesters Market Size study, by Type (DLTDP, DTTDP, DSTDP), By Application (Rubber Processing, Plastic Processing, Fuel and Lubricants, Food and Feed, Others) and Regional Forecasts 2021-2027’, available with the MarketStudyReport global thioesters market is expected to register considerable growth during 2021-2027.
 

Heavy adoption of advanced technologies, increasing usage of the product in rubber and plastic processing, and growing population are majorly contributing global thioester market growth over the forecast period.
 

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According to the United Nations, global population has touched 7.7 billion as of 2022, while the worldwide population growth rate has slowed from 2.2% per year to 1.05% annually in the last 50 years.
 

For those unaware, thioesters are basically sulfur-based secondary AOs which when combined with primary AOs, are referred to as thiosynergists. Like phosphites, thioesters convert reactive peroxide groups into alcohols, thus ensuring long-term thermal stability.
 

Presence of large players in this business domain has also augmented the demand for thioesters across the globe. However, rising environmental concerns associated with the product could hinder global thioesters market growth between 2021 and 2027.
 

By type, the market is fragmented into DSTDP, DTTDP, and DLTDP segments. In terms of applications scope, the marketplace is split into food and feed, fuel and lubricants, plastic processing, rubber processing, and others.
 

The geographical analysis of global thioesters industry space includes Europe (Germany, Italy, France, the U.K.), North America (the U.S., Canada), Latin America (Brazil, Mexico), Asia-Pacific (India, Japan, China, Australia), and the rest of the world.
 

As per the report, Europe currently holds the largest market share and is likely to expand consistently during the study period, owing to the increasing number of strategies among key players.
 

Asia-Pacific market is also expected to grow at the fastest rate between 2021 and 2027. Factors such as rising disposable income and population explosion would create lucrative growth opportunities for the industry contenders in Asia-Pacific.
 

Key players of this industry are Reagens S.p.A., Double Bond Chemical Ind. Co. Ltd., Mayzo Inc., Addivant USA LLC, Hongkun Group, Nanjing Hua Lim Chemical Co. Ltd., Songwon Industrial Group, Tianjin Zhongxin Chemtech Co. Ltd., Bioray Chemical Co. Ltd., and Trigon Antioxidants Pvt. Ltd.