The Market Reports

Synopsis

The global market for Thiourea was estimated to be worth US$ 120 million in 2024 and is forecast to a readjusted size of US$ 221 million by 2031 with a CAGR of 8.1% during the forecast period 2025-2031.

Thiourea, white, bright, bitter crystals, is soluble in cold water and ethanol, slightly soluble in ether, easily deliquescent in the air, and turns into ammonium thiocyanate at 150°C. It has reducing properties and can reduce free iodine to iodide ions. Thiourea is highly reactive and is used to prepare various compounds. It can react with a variety of oxidants to form organic compounds, and can also react with inorganic compounds to form easily soluble addition compounds. Thiourea also has a wide range of application prospects in petrochemicals and pharmaceutical chemicals. Many pharmaceutical molecules contain structural fragments of thiourea, and thiourea is also an important intermediate for the synthesis of heterocyclic compounds. For example, many oral hypoglycemic drugs and antithyroid drugs on the market currently belong to thiourea molecules. In addition, thiourea compounds have good insecticidal activity and are widely used in the field of pesticides.

According to the investigation, there are many ways to produce thiourea, including synthesis with thiophosgene and amine as raw materials, synthesis with isothiocyanate and amine as raw materials, synthesis with thiocyanate, acyl chloride and amine as raw materials, synthesis with carbon disulfide and amine as raw materials, synthesis with thiohydroxy transfer reagent and amine as raw materials, synthesis with substituted thiourea and amine as raw materials. Among them, the most popular industrial production process is the lime nitrogen production process, while other production processes have been gradually eliminated due to technical problems.

The core producers of Thiourea in the world include Yifengshenghua, GUIZHOU HONGKAI CHEMICAL and Zibo Haoyi Environmental Protection and Technology, and the top three manufacturers account for about 58%. Yifengshenghua ranks first with a market share of about 30%. China is the largest market with a share of more than 46%, followed by Europe and North America with a market share of about 25% and 14%. In terms of product type, Industrial Thiourea accounted for the largest share of the overall market at more than 88%. In terms of product application, Thiourea Dioxide accounts for the largest share of the overall market at around 32%.At the regional level, the Chinese market has changed rapidly in the past few years. The market size in 2024 is US$57 million, accounting for 48.10% of the world. It is expected to reach US$116 million in 2031, and the global share will reach 52.49%.

At present, the global production and consumption of thiourea are concentrated in China, of which China's output will reach 64,048 tons in 2024, accounting for 85.79% of the global market. At present, there are 8 major domestic companies with a production capacity of 5,000 tons, and some companies have a production capacity of 20,000 tons, which has a leading advantage over other countries in the world. At the same time, China is also a major consumer of thiourea products, mainly because the production of thiourea dioxide is also concentrated in China. As the main synthetic raw material of thiourea dioxide, thiourea also has huge consumer demand in China.

In terms of product type and technology, the market size of industrial thiourea in 2024 is US$104 million, accounting for 86.67% of the world. It is expected to reach US$190 million in 2031, and the global share will reach 85.96%.

Industrial-grade thiourea has a low concentration, a high impurity content, and relatively simple process requirements. As the main application in the chemical synthesis thiourea market, it is sufficient to meet current demand; however, with the development of technology and changes in demand, more and more industries require thiourea products with fewer impurities and higher purity. At the same time, these companies are relatively less sensitive to price, so the market space for high-purity thiourea is gradually expanding. At the same time, companies in the industry also have the subjective desire to develop high-purity thiourea, which has a higher price and a higher gross profit margin.

From the perspective of product market application, the market size of thiourea dioxide in 2024 will be US$36 million, accounting for 30.41% of the world, and is expected to reach US$69 million in 2031, when the global share will reach 31.31%.

Thiourea dioxide is the main application direction of the product at present, and will continue to occupy a major position for some time to come, but the industry is mature and growing slowly, bringing a relatively slow growth rate to the industry. Other emerging industries such as the electronic pharmaceutical industry have brought faster growth momentum to the product.

This report aims to provide a comprehensive presentation of the global market for Thiourea, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Thiourea by region & country, by Type, and by Application.

The Thiourea market size, estimations, and forecasts are provided in terms of sales volume (Tons) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Thiourea.

Market Segmentation

By Company

• Yifengshenghua
• GUIZHOU HONGKAI CHEMICAL
• Guizhou Redstar Developing
• Zibo Haoyi Environmental Protection and Technology
• Shandong Xinke
• LOUYANG LIDA CHEMICAL
• Ningxia Danske
• Zaozhuang Yongli Chemical

Segment by Type

• Industrial Thiourea
• High Purity Thiourea

Segment by Application

• Thiourea Dioxide
• Gold Mine Flotation
• Pharmaceutical Intermediates
• Pesticide Intermediates
• Electronics Industry
• Others

Segment by Region

• North America: United States, Canada, and Mexico
• Europe: United Kingdom, Germany, France, Spain, Italy, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, and Rest of Asia Pacific
• Middle East & Africa: Saudi Arabia, South Africa, and Rest of MEA
• Latin America: Brazil, Argentina, and Rest of Latin America

*If you need a regional or country-specific version, or customized segmentation, we can tailor the report to your requirements.