Methanesulfonic Acid Market By Grade (Industrial Grade, Pharmaceuticals Grade) By Product Form (Solid, Liquid) By Application (Electroplating, Pharmaceuticals, Chemical Synthesis, Biodiesel Production ,Others) - Growth, Future Prospects & Competitive Analysis, 2016 – 2028

About this report

The Global Methanesulfonic Acid market report explores the critical analysis of the industry using key parameters. The report consists of investment strategies, the need for investments in the Global Methanesulfonic Acid market industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the Global Methanesulfonic Acid market industry and how economic and non-economic barriers are helping the Global Methanesulfonic Acid market grow. Moreover, the report analyses the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

Key Highlights of the report

How are the major segments performing in the Global Methanesulfonic Acid Market?

In 2021, the pharmaceutical-grade segment dominated the market. Owing to these factors, methane sulfonic acid is powerful organic that can be used to make medicinal products.  

In 2021, the liquid will be the leading segment of the Global Methane sulfonic Acid market. It accounts for the largest market share because it serves as an acid catalyst in various organic reactions. These factors are contributing to the segment's expansion. 

In 2021, the Electroplating segment in Application mode led the market due to increasing consumption of electronics in daily uses. Rapid urbanization with increasing GDP in developed and emerging countries such as the United States and others is also expected to increase the global methane sulfonic acid market demand. 

Which Region dominated the Global Methanesulfonic Acid Market?

In 2021, North America dominated the highest market share in the global Methanesulfonic Acid market. North America has seen growth and is expected to provide the Global Methanesulfonic Acid market suppliers and several opportunities. In North America, the Global Methanesulfonic Acid market is due to the increasing use of biofuel in numerous applications such as transportation, energy generation, removal of paints and reduction in the need for imported oil. The modern technology in the United States gives a growth opportunity to this sector, and they are the largest market for Global Methanesulfonic Acid in North America. Furthermore, the growing preference for metal fabrication over plastic fabrication owing to profits such as heat resistance is increasing the Global Methanesulfonic Acid market in this Region. 

What is the competitive environment of the Global Methanesulfonic Acid Market?

The methanesulfonic acid industry's competitive environment offers information on the total economic profit made by suppliers and businesses, the sales and revenues produced in this sector, the methanesulfonic acid market share globally, the business organization overview, the introduction of new products, and the opportunities for the methanesulfonic acid market. For instance, in July 2022, Arkema completed its acquisition of Permoseal, a leader in adhesive solutions for DIY, packaging, and construction in South Africa. Permoseal's well-known brands will complement Bostik's regional offering and boost its position in South Africa and Sub-Saharan Africa's dynamic industrial, construction, and DIY markets.

Executive Summary

How does the pharmaceutical and ceramic manufacturing industry increase the demand for methanesulfonic acid?

Demand for methanesulfonic acid is expected to rise due to expansion in key end-use industries such as pharmaceuticals and ceramics manufacturing. Consumption of methanesulfonic acid is increasing, particularly among millennials, who are driving the market's rise. Furthermore, because of its superior chemical and physical properties, the acid is used as a catalyst in producing various chemicals and biodiesel, which is expected to raise the demand for industrial-grade methane sulfonic acid in the coming years. Strategic alliances and acquisitions assist many companies in expanding their manufacturing capacity across industries. This has fueled the growth of the methanesulfonic acid sector. The global methanesulfonic acid market is expected to grow in the future years as manufacturing costs fall and methanesulfonic acid uses expand.

Which are the key investments by the players in the Global Methanesulfonic Acid Market?

Methanesulfonic acid has been used in a variety of industries due to its exceptional flexibility and capacity to be adaptable in any setting. Various investments are made among the key player. Over the last few years, global demand for methane sulfonic acid (MSA) has consistently climbed. This trend is driven by an increased interest in ecologically friendly products and formulations. In May 2022, BASF invested a greater double-digit million-euro amount in boosting production capacities at the Verbund location in Ludwigshafen in response to growing customer demand.

Some of the major players in the market are BASF SE, Arkema Group Hydrite Chemical Company, Oxon Italia S.p.A., Hebei Yanuo Bioscience Co Ltd, Miles Chemical Company Inc., Zhongke Fine Chemical Xiaochang Jinji Chemical Co. Ltd, Varsal Inc., Hubei Xingchi Science and Technology Co. Ltd.

What are the Major Driving Factors for the Global Methanesulfonic Acid Market?

Increasing demand for methane sulfonic acid is anticipated to increase due to rising end-use industries such as pharmaceuticals and ceramics manufacturing. With the increasing population and rising urbanization, the need for electrical equipment and biomedical devices also increased. Additionally, the increasing production of drugs and medicines is expected to grow the market. Furthermore, the increasing utilization of methane sulfonic acid in electroplating and rising telecommunication networks, automotive sales and the need for highly secure systems are driving the market growth. Changing lifestyles and preferences with increasing disposal are the major drivers of the global Methane sulfonic Acid market's rising demand. These factors are expected to drive the growth of the Global Methane sulfonic Acid market. 

What are the Major Risks for the Global Methanesulfonic Acid Market?

Several unfavorable factors substantially hamper the methane sulfonic acid market growth. The production process of the high cost associated hamper the market growth. Furthermore, the strict government regulations and compliance across the countries are expected to hamper the market growth. Additionally, the product manufacturers must meet are likely to delay commercialization of the methane sulfonic acid market, negatively affecting the market growth. These factors are restraining the growth of the Global Methane sulfonic Acid market.  

Which is the key Application in the Market Global Methanesulfonic Acid Market?

The Application segment is categorized into Electroplating, Pharmaceutical, Chemical Synthesis, Biodiesel Production and others. The Electroplating segment in Application mode led the market due to the increasing consumption of electronics in daily uses. Rapid urbanization with increasing GDP in developed and emerging countries such as the United States and others is also expected to increase the global methane sulfonic acid market demand. These factors are contributing to the segment's expansion. Moreover, the Pharmaceutical segment is dominating the market during the forecast period.

How is the Global Methanesulfonic Acid Market performing in regions?

In 2021, North America dominated the highest market share in the global Methanesulfonic Acid market. North America has seen growth and is expected to provide the Global Methanesulfonic Acid market suppliers and several opportunities. In North America, the Global Methanesulfonic Acid market is due to the increasing use of biofuel in numerous applications such as transportation, energy generation, removal of paints and reduction in the need for imported oil. The modern technology in the United States gives a growth opportunity to this sector, and they are the largest market for Global Methanesulfonic Acid in North America. Furthermore, the growing preference for metal fabrication over plastic fabrication owing to profits such as heat resistance is increasing the Global Methanesulfonic Acid market in this Region.

The Asia Pacific is expected to dominate the market share due to increasing end-use industries such as pharmaceuticals, electrical and electronics, which drive market growth in the Asia Pacific region. This Region has become a valuable market for the Global Methanesulfonic Acid industry. Furthermore, the rising demand for industrial cleaning products and other industries is developing this region's Global Methanesulfonic Acid market. These factors are expected to increase the growth of the Global Methanesulfonic Acid market in the Asia Pacific region.

What is the regulatory landscape for the Global Methanesulfonic Acid Market?

The regulatory landscape for this market is that governments are exploring a supportive regulatory approach across regions. In the past few years, many governments have heavily invested in healthcare infrastructure in many countries, while developing countries are also spending more on healthcare developments. Therefore, these types of supportive initiatives by the government are expected to encourage the market players to expand themselves and develop new products that support the global methanesulfonic acid market during the forecast period.

What is the Market Size of the Global Methanesulfonic Acid regarding value?

The Global Methanesulfonic Acid market is anticipated to grow at a substantial CAGR of 4.50% in the upcoming years. The Global Methanesulfonic Acid market industry was estimated to be worth USD 682.5 Million in 2021 and was expected to be worth USD 888.79 Million by 2028.

What are the major players planning for the future of the Global Methanesulfonic Acid Market?

The global Methanesulfonic Acid market's major players are investing extensively in various cutting-edge technologies such as cloud computing, artificial intelligence, and others. Furthermore, future scenarios suggest that well-known market players invest significantly in startups and medium-sized enterprises to deliver effective solutions to the industry. Large players are expected to buy or merge with major enterprises or startups to achieve a competitive advantage. 

Segmentation of Global Methanesulfonic Acid Market-

Global Methanesulfonic Acid Market– By Grade

• Industrial Grade
• Pharmaceuticals Grade
•  

 Global Methanesulfonic Acid Market– By Product Form

• Solid
• Liquid
•  

Global Methanesulfonic Acid Market– By Application

• Electroplating
• Pharmaceuticals  
• Chemical Synthesis
• Biodiesel Production
• Others
•  

Global Methanesulfonic Acid Market– By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa