Thiol compounds have a wide range of applications. Yangfan New Materials is a representative enterprise in my country.

Thiol compounds refer to organic molecules containing thiol (-SH) functional groups. Thiol compounds are thiophilic, hydrophilic, easily oxidized, and easily trigger thermochemical reactions. They can be used as pharmaceutical intermediates and chemical raw materials, and are widely used in many fields such as pesticides, medicines, plastics, textiles, rubber, and coatings.

Thiol compounds include thioglycolic acid, mercaptoethanol, mercaptomethionine, cysteine, glutathione, thiophenol, etc. Thioglycolic acid, also known as thioglycolic acid, has the chemical formula C2H4O2S and is a common thiol compound. Thioglycolic acid has the characteristics of high acidity and high corrosiveness, and is widely used in daily chemicals, metallurgy and other fields. Benefiting from the growth in application demand, the development of the thiol compound industry has accelerated. The global thioglycolic acid market size will reach 820 million yuan in 2022, a year-on-year growth of 4.9%. In the future, as the market size of segmented products continues to grow, the prosperity of my country’s thiol compound industry is expected to increase.

According to the “2023-2027 Thiol Compound Industry In-depth Market Research and Investment Strategy Suggestion Report released by the Industrial Research Center, thiol compounds They are fine chemicals and are widely used in many fields such as pesticides, medicines, plastics, textiles, rubber, and coatings. In the field of pesticides, thiol compounds can be used as intermediates for herbicides and insecticides; in the pharmaceutical field, thiol compounds can be used to produce osteoporosis, psychiatric, antiviral and antidepressant drugs; in the field of plastics, thiol compounds It can be used as a raw material for plastic additives such as molecular weight regulators, plasticizers, polymerization inhibitor branching agents and stabilizers; in the rubber field, it can be used to manufacture rubber accelerators.

In the early stages of industry development, the global thiol compound market was dominated by leading overseas companies. After years of development, my country’s technological maturity has continued to improve, driving the development of the thiol compound industry to continue to accelerate. At present, my country has become one of the major producers of thiol compounds in the world.

my country’s thiol compound industry has a high degree of concentration, with representative companies including Yangfan New Materials, Bid Pharmaceutical, etc. Yangfan New Materials focuses on the R&D, production and sales of thiol compounds and photoinitiators, and is the leading enterprise of thiol compounds in my country. According to the semi-annual report of Yangfan New Materials Company, in the first half of 2023, the company’s thiol compounds and derivatives business achieved revenue of 300 million yuan, accounting for 77.9% of its total revenue. At present, the annual production capacity of thiol compounds at the Inner Mongolia production base of Yangfan New Materials has reached 3,000 tons.

Industry analysts said that thiol compounds are widely used in many fields and the industry has good development prospects. Benefiting from the continued efforts of local companies and the increasingly strong application demand, my country’s thiol compound industry has continued to accelerate its development and has become one of the world’s major producers. Thioglycolic acid is a representative product of mercapto compounds with excellent comprehensive properties and a wide range of applications. It is expected that in the future, companies with high-performance thiol compound production capabilities will occupy a larger space in my country’s market.