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Methane sulfonic Acid Market: By Product Type, By Application and Region Forecast 2019-2030
Methane sulfonic Acid Market: By Product Type, By Application and Region Forecast 2019-2030
Methane sulfonic Acid Market size was valued at US$ 783.7 million in 2023 and is poised to grow at a CAGR of 6.4% from 2024-2030. Methanesulfonic acid (MsOH) is an organosulfuric, colorless strong organic acid with the chemical formula CH3SO3H. It has a strong odor, is soluble in water and most organic solvents, and can dissolve a wide range of metal salts in significantly higher concentrations. Methanesulfonic acid is known for its high acidity, stability, and solubility, which make it a versatile compound for different processes. Methanesulfonic acid is primarily used as a catalyst and acidifier in chemical synthesis, electroplating, and polymerization reactions. It serves as a solvent and a strong acid catalyst in esterification, peroxidation, and alkylation reactions, enabling the production of various chemicals and pharmaceutical intermediates.
Hence, Methanesulfonic acid finds wide-ranging applications across various industries due to its unique properties. For instance, in the pharmaceutical industry, methanesulfonic acid is utilized in the synthesis of active pharmaceutical ingredients (APIs), including antibiotics, antiviral drugs, and cardiovascular medications. Other significant applications of methanesulfonic acid include the production of electrolytes for lithium-ion batteries, removal of scales and rust from various metal surfaces, synthesis of resins for paints and coatings, and other applications. The global methanesulfonic acid market is driven by factors such as increasing demand from the pharmaceutical and chemical industries, growth in the lithium-ion battery market, and expanding cleaning and descaling applications.
Moreover, Collaboration with research institutions, academia, and industry players and regulatory support for environmentally friendly solutions creates opportunities for methanesulfonic acid manufacturers. However, factors such as serious health issues due to the corrosive nature of methanesulfonic acid and stringent regulatory requirements regarding safety, labelling, and environmental considerations of methanesulfonic acid can act as a restraint to the growth of the methanesulfonic acid market. Furthermore, a number of major industries are dedicated to sustainability, innovation, and addressing the changing demands of end-use sectors through the development of new products and financial investments.
Study Period
2024-2030Base Year
2023CAGR
6.4%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Methanesulfonic acid (MSA) is a strong, odorless, colorless to yellow liquid with the slight, sulphurous odor. It is soluble in water, slightly soluble in benzene, toluene, insoluble in paraffins. 99% Increased spending on healthcare is driving the pharmaceuticals industry, which, is likely to fuel the demand for methane sulfonic acid. MSA is mainly used in the pharmaceutical industry to manufacture active pharmaceutical ingredients. There is a development in the pharmaceutical sector as the consumption of methane sulfonic acid is increasing for the manufacturing of active pharmaceutical ingredients such as telmisartan and eprosartan sector. Hence, increasing demand for methane sulfonic acid in pharmaceutical industry is fueling the market growth.
North America accounted for larger revenue share in global methane sulfonic acid market with considerable CAGR due to the evolution in fabrication. Also, on account of increasing environmental regulations there is a growing preference for biofuel in transportation and energy generation which will further enhance the market growth in this region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 783.7 million |
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Market CAGR |
6.4% |
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By Product Type |
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By Application |
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By Region |
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The methane sulfonic acid market was valued at US$ 783.7 million in 2023 and is set to grow at a significant CAGR of 6.4% from 2024-2030
Growing demand for below applications around the world has had a direct impact on the growth of the market
Asia Pacific is the fastest-growing market
| 1. Executive Summary |
| 2. Global Methane Sulfonic Acid Market Introduction |
| 2.1.Global Methane Sulfonic Acid Market - Taxonomy |
| 2.2.Global Methane Sulfonic Acid Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Application |
| 2.2.3.Region |
| 3. Global Methane Sulfonic Acid Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Methane Sulfonic Acid Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Methane Sulfonic Acid Market By Product Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Industrial Grade |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Pharmaceuticals Grade |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Global Methane Sulfonic Acid Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Organic Synthesis |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Electroplating |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Pharmaceuticals & Medicine |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Electronics |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Industrial Cleaning |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Other |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7. Global Methane Sulfonic Acid Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. North America Methane Sulfonic Acid Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Industrial Grade |
| 8.1.2.Pharmaceuticals Grade |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Organic Synthesis |
| 8.2.2.Electroplating |
| 8.2.3.Pharmaceuticals & Medicine |
| 8.2.4.Electronics |
| 8.2.5.Industrial Cleaning |
| 8.2.6.Other |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9. Europe Methane Sulfonic Acid Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Industrial Grade |
| 9.1.2.Pharmaceuticals Grade |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Organic Synthesis |
| 9.2.2.Electroplating |
| 9.2.3.Pharmaceuticals & Medicine |
| 9.2.4.Electronics |
| 9.2.5.Industrial Cleaning |
| 9.2.6.Other |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10.Asia Pacific (APAC) Methane Sulfonic Acid Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Industrial Grade |
| 10.1.2.Pharmaceuticals Grade |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Organic Synthesis |
| 10.2.2.Electroplating |
| 10.2.3.Pharmaceuticals & Medicine |
| 10.2.4.Electronics |
| 10.2.5.Industrial Cleaning |
| 10.2.6.Other |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Methane Sulfonic Acid Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Industrial Grade |
| 11.1.2.Pharmaceuticals Grade |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Organic Synthesis |
| 11.2.2.Electroplating |
| 11.2.3.Pharmaceuticals & Medicine |
| 11.2.4.Electronics |
| 11.2.5.Industrial Cleaning |
| 11.2.6.Other |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Methane Sulfonic Acid Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Industrial Grade |
| 12.1.2.Pharmaceuticals Grade |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Organic Synthesis |
| 12.2.2.Electroplating |
| 12.2.3.Pharmaceuticals & Medicine |
| 12.2.4.Electronics |
| 12.2.5.Industrial Cleaning |
| 12.2.6.Other |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Arkema Group |
| 13.2.2.BASF SE |
| 13.2.3.Oxon Italia S.p.A. |
| 13.2.4.Langfang Jinshenghui Chemical Co., Ltd |
| 13.2.5.Shinya Chem |
| 13.2.6.Xudong Chemical |
| 13.2.7.Yanuo Chemical |
| 13.2.8.Zhongke Fine Chemical |
| 13.2.9.Xingchi Science and Technology |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.