Potassium thioacetate has high technical barriers and China’s demand relies on imports

The molecular formula of potassium thioacetate is C2H3KOS, its melting point is 173-176°C, and it is easily soluble in water. It is widely used as a sulfur source in the synthesis of sulfur-containing organic compounds and can be used in the synthesis of heterocyclic compounds, polymers, and transition metal complexes. bodies, nanoparticles, bioactive molecules and complexes containing macromolecules.

Potassium thioacetate has good reducing properties and stability, and is currently mainly used in the fields of biotin and medicine. Among them, biotin is the largest application area of ​​potassium thioacetate. In the pharmaceutical industry, potassium thioacetate is mainly used in the production of anti-AIDS drugs and antibacterial drugs. my country is the world’s major biotin producer. The main biotin production companies include Xinhecheng, Shengda Biotech, Shanghai Haijianuo, Sinovac Biotech, Anhui Tiger, etc. As the supply-side structural reform continues to deepen, backward production capacity has accelerated its withdrawal from the market, and the concentration of the biotin market has increased day by day.

In recent years, domestic biotin consumption and production have shown an overall growth trend. This is mainly due to the increase in the production of breeding livestock and poultry, young livestock and poultry, and ruminant animal feed during the same period, and the increase in the production of fermented amino acids in my country. The demand for potassium thioacetate has increased. Play a supporting role. According to the “2023-2028 Potassium Thioacetate Industry Market In-depth Research and Investment Prospect Forecast Analysis Report released by the Industrial Research Center , China’s demand for potassium thioacetate in 2022 will be close to 400 tons.

The global production of potassium thioacetate industry is concentrated in major countries and regions such as China, Japan, and Europe. Among them, Japan and Europe have an early start in research and development, advanced chemical technology, and large investment in research and development. They lead the international market with their technological advantages. Among them, Japan’s Toyobo is the world’s leading manufacturer of potassium thioacetate and is at the leading level in the global industry. In recent years, China has undertaken the transfer of global chemical industries and has become the world’s major producer of potassium thioacetate.

Potassium thioacetate is a niche chemical product. Coupled with increasingly strict environmental protection policies, some companies have withdrawn from the market. At this stage, there are not many domestic potassium thioacetate manufacturers, including Huanggang Rongjin Chemical Co., Ltd., a biotech company in Yumen City, Technology Co., Ltd., Jiangxi Tianxin Pharmaceutical Co., Ltd., Changzhou Xinli Pharmaceutical Chemical Co., Ltd., Changzhou Jieying Chemical Co., Ltd., etc.

Industry analysts said that the application of potassium thioacetate has certain limitations, and its niche characteristics cause its own market capacity to be insufficient. Large, the market size is only in the tens of millions of yuan. On the other hand, the potassium thioacetate market has little room for growth, and its future growth rate will be at a low level. This is mainly because potassium thioacetate is an important raw material for biotin. In the past few years, against the backdrop of rapid growth in demand for biotin, Existing manufacturers such as Shengda Biotech and Tianxin Pharmaceutical have expanded their production capacity, which has led to signs of overcapacity in my country’s biotin industry. In the future, the pressure of overcapacity in the biotin industry may exist for a long time, and the pace of new production capacity will slow down, which is not conducive to thiogen production. The market demand for potassium acetate is growing.