Market Overview:
The global industrial methanesulfonic acid market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for methanesulfonic acid from various applications such as dehydrating agent, catalyst, paint curing accelerator, fiber treating agent and others. In addition, the growing demand for methanesulfonic acid in emerging countries such as China and India is also contributing to the growth of this market. However, volatility in prices of raw materials used in manufacturing methanesulfonic acid is restraining the growth of this market.
Product Definition:
Industrial Methanesulfonic Acid is a strong acid used in the production of various chemicals and pharmaceuticals. It is also used as a catalyst in various chemical reactions.
Powder:
Powder is a solid form of methanol. It has applications in the chemical industry as an intermediate, feedstock for production of other chemicals and as a reactant in industrial processes. Methanesulfonic acid (MSA) is used to manufacture detergents, soaps, polymers & resins and pharmaceuticals among others. MSA powder is also used directly as a cleaning agent in some industries such as oil & gas downstream processing and power generation plants among others.
Liquid:
Industrial Methanesulfonic Acid (IMSA) is a liquid chemical, which is primarily used as a strong base compound to remove acidity from solutions. It has applications in various industries such as water treatment, food & beverage processing, pulp & paper and petroleum refining among others. IMSA also finds application in the oil & gas industry for production of drilling fluids and it's by-product Methyl tert-butyl ether (MTBE).
Application Insights:
Dehydrating agent was the largest application segment in 2016 and is projected to grow at a CAGR of XX% over the forecast period. The product has wide applications as a dehydrating agent, which includes food processing industry, pulp & paper industry and chemical sector among others. Catalyst application segment is also expected to witness significant growth during the same period owing to its properties such as high sulfuric acid content that enhances oil recovery process in oil fields among other uses.
The fiber treating agent segment is anticipated to register notable gains on account of increasing demand for synthetic fibers from textile manufacturers across the globe coupled with growing use of sulfonated polyaniline (S-PAAN) fibers produced via aniline extraction process from coal gasification derivatives which are used for manufacturing textiles with enhanced thermal resistance and flame resistance characteristics.
Regional Analysis:
Asia Pacific dominated the global industry with a revenue share of over 45% in 2017. The region is also anticipated to witness the fastest growth over the forecast period owing to increasing demand for methanesulfonic acid from various end-use industries such as paints & coatings, plastics, and automotive. In addition, rising investments by multinational companies in this region are expected to drive product demand further.
The Asia Pacific was followed by Europe which accounted for a significant market share in 2017 owing to high consumption levels of methanesulfonic acid observed across major economies including Germany and Russia. However, stringent regulatory policies regarding VOC emissions coupled with growing environmental concerns are expected to hamper regional growth during the forecast period.
North America is projected to register considerable growth over the coming years on account of increasing use of these chemicals across end-use industries such as paints & coatings and plastic manufacturing that have been experiencing strong economic performance since 2016 (U.S.).
Growth Factors:
- Increasing demand from end-use industries such as pharmaceuticals, agrochemicals, and textiles
- Growing awareness about the benefits of using industrial methanesulfonic acid over other acids
- Rising investments in research and development for new applications of industrial methanesulfonic acid
- Technological advancements that have led to the development of more efficient and environment-friendly production processes
- Growing demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Methanesulfonic Acid Market Research Report
By Type
Powder, Liquid
By Application
Dehydrating Agent, Catalyst, Paint Curing Accelerator, Fiber Treating Agent, Others
By Companies
BASF, Arkema, Oxon Italia, Jinshenghui Chemical, Zhongke Fine Chemical, Xingchi Science and Technology, Suning Chemical, Jinji Chemical, Yanuo Chemical, SHINYA CHEM
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
223
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Methanesulfonic Acid Market Report Segments:
The global Industrial Methanesulfonic Acid market is segmented on the basis of:
Types
Powder, Liquid
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Dehydrating Agent, Catalyst, Paint Curing Accelerator, Fiber Treating Agent, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Arkema
- Oxon Italia
- Jinshenghui Chemical
- Zhongke Fine Chemical
- Xingchi Science and Technology
- Suning Chemical
- Jinji Chemical
- Yanuo Chemical
- SHINYA CHEM
Highlights of The Industrial Methanesulfonic Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Powder
- Liquid
- By Application:
- Dehydrating Agent
- Catalyst
- Paint Curing Accelerator
- Fiber Treating Agent
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Methanesulfonic Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial methane sulfonic acid is a white to off-white powder that is soluble in water and most organic solvents. It has a strong odor and can cause skin irritation. Industrial methane sulfonic acid is used in the production of various chemicals, including detergents, explosives, and pharmaceuticals.
Some of the major players in the industrial methanesulfonic acid market are BASF, Arkema, Oxon Italia, Jinshenghui Chemical, Zhongke Fine Chemical, Xingchi Science and Technology, Suning Chemical, Jinji Chemical, Yanuo Chemical, SHINYA CHEM.
The industrial methanesulfonic acid market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Methanesulfonic Acid Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Methanesulfonic Acid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Methanesulfonic Acid Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Methanesulfonic Acid Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Methanesulfonic Acid Market Size & Forecast, 2020-2028
4.5.1 Industrial Methanesulfonic Acid Market Size and Y-o-Y Growth
4.5.2 Industrial Methanesulfonic Acid Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Powder
5.2.2 Liquid
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Dehydrating Agent
6.2.2 Catalyst
6.2.3 Paint Curing Accelerator
6.2.4 Fiber Treating Agent
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Methanesulfonic Acid Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Methanesulfonic Acid Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Powder
9.6.2 Liquid
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Dehydrating Agent
9.10.2 Catalyst
9.10.3 Paint Curing Accelerator
9.10.4 Fiber Treating Agent
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Powder
10.6.2 Liquid
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Dehydrating Agent
10.10.2 Catalyst
10.10.3 Paint Curing Accelerator
10.10.4 Fiber Treating Agent
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Powder
11.6.2 Liquid
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Dehydrating Agent
11.10.2 Catalyst
11.10.3 Paint Curing Accelerator
11.10.4 Fiber Treating Agent
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Powder
12.6.2 Liquid
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Dehydrating Agent
12.10.2 Catalyst
12.10.3 Paint Curing Accelerator
12.10.4 Fiber Treating Agent
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Powder
13.6.2 Liquid
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Dehydrating Agent
13.10.2 Catalyst
13.10.3 Paint Curing Accelerator
13.10.4 Fiber Treating Agent
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Methanesulfonic Acid Market: Competitive Dashboard
14.2 Global Industrial Methanesulfonic Acid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Arkema
14.3.3 Oxon Italia
14.3.4 Jinshenghui Chemical
14.3.5 Zhongke Fine Chemical
14.3.6 Xingchi Science and Technology
14.3.7 Suning Chemical
14.3.8 Jinji Chemical
14.3.9 Yanuo Chemical
14.3.10 SHINYA CHEM
