Market Overview:
The global methanesulphonic acid market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for methanesulphonic acid in various applications such as electroplating, medicine, organic synthesis and others. In addition, the growing demand for methanesulphonic acid from emerging economies is also contributing to the growth of this market. However, volatility in prices of raw materials used in manufacturing methanesulphonic acid may restrain the growth of this market during the forecast period.
Product Definition:
Methanesulphonic acid is an inorganic compound with the formula CH3SO3H. It is a colourless solid that is soluble in water. It is used to make other chemicals, including pesticides and pharmaceuticals.
Industrial Grade:
Industrial grade is a type of specialty chemical used as an intermediate in the production of various chemicals and pharmaceuticals. It is also used as a reactant or diluent for producing other chemicals. The global increase in demand for methanol, formaldehyde, and hydrogen peroxide has led to increased consumption of industrial grade chemical which has resulted into significant growth factor over the past few years.
Pharmaceuticals Grade:
Pharmaceutical grade is used in Methanesulphonic Acid (MSA) market as it meets all the quality standards and specifications set by regulatory bodies globally. It has been granted an approval mark either from FDA or EU Commission or both. Pharmaceutical grade MSA is manufactured using purest form of methanol which is 99% pure and also the highest commercially available variant.
Application Insights:
Electroplating was the leading application segment in terms of volume and revenue in 2017. It is used as an electrolyte for various metals, such as copper, zinc, aluminum and steel. The electrochemical process involves plating of metal on a substrate by means of an electric current passed through a solution containing metallic ions. The process is carried out at low temperatures to reduce corrosion caused by dissolved gases such as hydrogen sulphide present in the water during the process.
The organic synthesis segment accounted for USD 120 million in 2017 and is expected to witness significant growth over the forecast period owing to rising demand from pharmaceuticals and other applications including paints & coatings industry where it acts as a preservative or antioxidant agent.
Regional Analysis:
Asia Pacific accounted for the largest share of over 45% in 2017. The region is expected to witness significant growth in terms of revenue during the forecast period, with China being a major contributor. Increasing demand for methanesulphonic acid from various end-use industries such as pharmaceuticals, electroplating and organic synthesis is anticipated to drive the market growth in this region.
China was estimated as having been one of the top five producers globally along with being a key consumer owing to its rapid industrialization coupled with an abundant availability of low-cost raw material and labor. These aforementioned factors are anticipated to further boost product demand over the forecast period.
Growth Factors:
- Increasing demand from end-use industries such as pharmaceuticals, agrochemicals, and polymers
- Growing investments in R&D for the development of new applications
- Rising awareness about the benefits of methanesulphonic acid among consumers and producers
- Technological advancements in production processes that reduce manufacturing costs
- Expansion of distribution networks to cater to the growing demand for methanesulphonic acid
Scope Of The Report
Report Attributes
Report Details
Report Title
Methanesulphonic Acid Market Research Report
By Type
Industrial Grade, Pharmaceuticals Grade
By Application
Electroplating, Medicine, Organic Synthesis, Other
By Companies
BASF, Arkema Group, Oxon Italia, Jinshenghui Chemical, Zhongke Fine Chemical, Xingchi Science and Technology, Suning Chemical, Jinji Chemical, Yanuo Chemical, Xudong Chemical
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Methanesulphonic Acid Market Report Segments:
The global Methanesulphonic Acid market is segmented on the basis of:
Types
Industrial Grade, Pharmaceuticals Grade
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
Electroplating, Medicine, Organic Synthesis, Other
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 Group
- Oxon Italia
- Jinshenghui Chemical
- Zhongke Fine Chemical
- Xingchi Science and Technology
- Suning Chemical
- Jinji Chemical
- Yanuo Chemical
- Xudong Chemical
Highlights of The Methanesulphonic 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:
- Industrial Grade
- Pharmaceuticals Grade
- By Application:
- Electroplating
- Medicine
- Organic Synthesis
- Other
- 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 Methanesulphonic 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?
Methanesulphonic acid is a molecule with the formula H2SO4. It is a colorless, water-soluble solid that is used in chemical synthesis and as an agricultural herbicide.
Some of the major companies in the methanesulphonic acid market are BASF, Arkema Group, Oxon Italia, Jinshenghui Chemical, Zhongke Fine Chemical, Xingchi Science and Technology, Suning Chemical, Jinji Chemical, Yanuo Chemical, Xudong Chemical.
The methanesulphonic acid market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Methanesulphonic Acid Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Methanesulphonic Acid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Methanesulphonic Acid Market - Supply Chain
4.5. Global Methanesulphonic Acid Market Forecast
4.5.1. Methanesulphonic Acid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Methanesulphonic Acid Market Size (000 Units) and Y-o-Y Growth
4.5.3. Methanesulphonic Acid Market Absolute $ Opportunity
5. Global Methanesulphonic Acid Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Methanesulphonic Acid Market Size and Volume Forecast by Type
5.3.1. Industrial Grade
5.3.2. Pharmaceuticals Grade
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Methanesulphonic Acid Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Methanesulphonic Acid Market Size and Volume Forecast by Application
6.3.1. Electroplating
6.3.2. Medicine
6.3.3. Organic Synthesis
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Methanesulphonic Acid Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Methanesulphonic Acid Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Methanesulphonic Acid Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Methanesulphonic Acid Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Methanesulphonic Acid Demand Share Forecast, 2019-2026
9. North America Methanesulphonic Acid Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Methanesulphonic Acid Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Methanesulphonic Acid Market Size and Volume Forecast by Application
9.4.1. Electroplating
9.4.2. Medicine
9.4.3. Organic Synthesis
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Methanesulphonic Acid Market Size and Volume Forecast by Type
9.7.1. Industrial Grade
9.7.2. Pharmaceuticals Grade
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Methanesulphonic Acid Demand Share Forecast, 2019-2026
10. Latin America Methanesulphonic Acid Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Methanesulphonic Acid Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Methanesulphonic Acid Market Size and Volume Forecast by Application
10.4.1. Electroplating
10.4.2. Medicine
10.4.3. Organic Synthesis
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Methanesulphonic Acid Market Size and Volume Forecast by Type
10.7.1. Industrial Grade
10.7.2. Pharmaceuticals Grade
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Methanesulphonic Acid Demand Share Forecast, 2019-2026
11. Europe Methanesulphonic Acid Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Methanesulphonic Acid Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Methanesulphonic Acid Market Size and Volume Forecast by Application
11.4.1. Electroplating
11.4.2. Medicine
11.4.3. Organic Synthesis
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Methanesulphonic Acid Market Size and Volume Forecast by Type
11.7.1. Industrial Grade
11.7.2. Pharmaceuticals Grade
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Methanesulphonic Acid Demand Share, 2019-2026
12. Asia Pacific Methanesulphonic Acid Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Methanesulphonic Acid Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Methanesulphonic Acid Market Size and Volume Forecast by Application
12.4.1. Electroplating
12.4.2. Medicine
12.4.3. Organic Synthesis
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Methanesulphonic Acid Market Size and Volume Forecast by Type
12.7.1. Industrial Grade
12.7.2. Pharmaceuticals Grade
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Methanesulphonic Acid Demand Share, 2019-2026
13. Middle East & Africa Methanesulphonic Acid Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Methanesulphonic Acid Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Methanesulphonic Acid Market Size and Volume Forecast by Application
13.4.1. Electroplating
13.4.2. Medicine
13.4.3. Organic Synthesis
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Methanesulphonic Acid Market Size and Volume Forecast by Type
13.7.1. Industrial Grade
13.7.2. Pharmaceuticals Grade
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Methanesulphonic Acid Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Methanesulphonic Acid Market: Market Share Analysis
14.2. Methanesulphonic Acid Distributors and Customers
14.3. Methanesulphonic Acid Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Arkema Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Oxon Italia
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Jinshenghui Chemical
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Zhongke Fine Chemical
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Xingchi Science and Technology
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Suning Chemical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Jinji Chemical
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Yanuo Chemical
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Xudong Chemical
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
