MethaneSulfonic Acid Market: Information by Industrial Grade (Industrial and Pharmaceuticals), Application (Esterification, Electroplating, Pharmaceuticals, and Others), and Region (Asia-Pacific, North America, and Others) — Global Forecast till 2027
ID: MRFR/CnM/5978-HCR | February 2021 | Region: Global | 140 pages
Market Overview: Global MethaneSulfonic Acid Market is expected to register around 5.8% CAGR during the review period. Methane sulfonic acid, a colorless liquid organic compound, is being widely used as a catalyst in organic reactions including esterification, condensation, and alkylation owing to less corrosiveness, solubility in organic solvents and non-volatility. The product is used in numerous applications such as pharmaceuticals, electronics, industrial cleaning, electroplating, and chemical & biofuel synthesis due to its non-oxidizing, solubility, odorless, low carbon content, and biodegradability properties.
The global demand for methane sulfonic acid is driven by increasing use in esterification mainly in biofuel, plasticizers, and acrylates. Growing demand for biofuel in numerous applications including transportation, energy generation, chargeable electronics, and lubricants is expected to drive the growth of esterification market and thus, methane sulfonic acid. Increasing use of plasticizers in flexible packaging applications is expected to add to the growth of the methane sulfonic acid market.
Methane sulfonic acid is being increasingly used as an electrolyte for electrochemical applications over other acid electrolytes due to low carbon content which reduces its adverse impact on environment. Rising demand for electroplating in metal fabrication is witnessed to drive the growth of the methane sulfonic acid market at a significant rate.
The consumption of methane sulfonic acid is increasing in pharmaceuticals industry in manufacturing of active pharmaceutical ingredients such as telmisartan and eprosartan. Increased spending on healthcare is driving the pharmaceuticals industry, which, is likely to fuel the demand for methane sulfonic acid.
In 2018, one of the key market players, BASF proposed to expand production capacity of methane sulfonic acid at its manufacturing site located in Ludwigshafen, Germany to meet the growing demand in numerous applications in Asia-pacific region. Additionally, appropriate availability of methane sulfonic acid in market is likely to increase its use in various applications, which, is expected to create lucrative opportunities for the players operating in the global methane sulfonic acid market during the forecast period. However, high cost associated with the product may hamper the market growth.
Global Methane Sulfonic Acid Market Share, by Application, 2017 (%)
Source: MRFR Analysis
Regional Analysis
The market in Asia-Pacific accounted for the largest share of the global methane sulfonic acid market and is expected to register a significant CAGR during the review period. Growing end-use industries such as pharmaceuticals, electrical and electronics, and transportation is driving the market growth in the region. Expanding industrial base has increased the demand for industrial cleaning products, which, is likely to drive the growth of the global methane sulfonic acid.
Europe is the prominent market for methane sulfonic acid on account of growing preference for biofuel in transportation. Additionally, increased spending on smart and portable consumer electronics is likely to drive the demand for methane sulfonic acid.
North America is another prominent market for methane sulfonic acid owing to increasing use of biofuel in numerous applications including transportation, energy generation, removal of paints and adhesives, and reduction in need for imported oil. Furthermore, growing preference for metal fabrication over plastic fabrication due to superior benefits such as heat resistance and durability is likely to drive the market growth in the region.
The markets in Latin America and the Middle East and Africa are expected to register moderate CAGR on account of growing end-use industries such as pharmaceuticals and electrical and electronics among others.
Segmentation
The global methane sulfonic acid market has been segmented by grade, application, and region.
On the basis of grade, the market has been segmented into industrial grade and pharmaceutical grade.
Based on application, the market has been divided into esterification, electroplating, pharmaceuticals, electronics, industrial cleaning, and others.
By region, the market has been categorized as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Key Players
Some of the key players in the global methane sulfonic acid are BASF SE (Germany), Arkema SA (France), Varsal (US), Shilpa Chemspec International Pvt. Ltd. (India), TCI Chemicals (India) Pvt. Ltd. (India), Langfang Jinshenghui Chemical Co., Ltd (China), Zhongke Fine Chemical Co., Ltd (China), HEBEI YANUO Bioscience Co., Ltd (China), Alfa Aesar (US), and Avantor, Inc. (US).
Intended Audience
- Methane sulfonic acid manufacturers
- Traders and distributors of methane sulfonic acid
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratories
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | 2027: Significant Value |
| CAGR | CAGR 5.8% (2020-2027) |
| Base Year | 2019 |
| Forecast Period | 2020-2027 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Segmented by grade, application, and region. |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | BASF SE (Germany), Arkema SA (France), Varsal (US), Shilpa Chemspec International Pvt. Ltd. (India), TCI Chemicals (India) Pvt. Ltd. (India), Langfang Jinshenghui Chemical Co., Ltd (China), Zhongke Fine Chemical Co., Ltd (China), HEBEI YANUO Bioscience Co., Ltd (China), Alfa Aesar (US), and Avantor, Inc. (US). |
| Key Market Opportunities | Availability of methane sulfonic acid in market is likely to increase its use in various applications. |
| Key Market Drivers | Increasing use in pharmaceutical industries and growing demand for electroplating are boosting market growth. |
Frequently Asked Questions (FAQ) :
The methane sulfonic acid market is projected to grow at a 5.8% CAGR between 2018-2023.
Asia Pacific will dominate the methane sulfonic acid market.
It is extensively used in pharmaceuticals, electroplating, and esterification.
Increasing use in pharmaceutical industries and growing demand for electroplating are boosting market growth.
High product cost may limit market growth.
TABLE OF CONTENTS
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining Power of Buyers
4.1.3 Bargaining Power of Suppliers
4.1.4 Threat of Substitutes
4.1.5 Segment Rivalry
4.2 Value Chain/Supply Chain of Global Methane Sulfonic Acid Market
5 Industry Overview of Global Methane Sulfonic Acid Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.1 Introduction
6.2 Growth Trends
6.3 Impact Analysis
7. Global Methane Sulfonic Acid Market, by Grade
7.1 Introduction
7.2 Industrial Grade
7.2.1 Market Estimates & Forecast, 2020–2027
7.2.2 Market Estimates & Forecast, by Region, 2020–2027
7.3 Pharmaceutical Grade
7.3.1 Market Estimates & Forecast, 2020–2027
7.3.2 Market Estimates & Forecast, by Region, 2020–2027
8. Global Methane Sulfonic Acid Market, by Application
8.1 Introduction
8.2 Esterification
8.2.1 Market Estimates & Forecast, 2020–2027
8.2.2 Market Estimates & Forecast, by Region, 2020–2027
8.2.3 Biofuel
8.2.3.1 Market Estimates & Forecast, 2020–2027
8.2.3.2 Market Estimates & Forecast, by Region, 2020–2027
8.2.4 Plasticizers
8.2.4.1 Market Estimates & Forecast, 2020–2027
8.2.4.2 Market Estimates & Forecast, by Region, 2020–2027
8.2.5 Others
8.2.5.1 Market Estimates & Forecast, 2020–2027
8.2.5.2 Market Estimates & Forecast, by Region, 2020–2027
8.3 Electroplating
8.3.1 Market Estimates & Forecast, 2020–2027
8.3.2 Market Estimates & Forecast, by Region, 2020–2027
8.4 Pharmaceuticals
8.4.1 Market Estimates & Forecast, 2020–2027
8.4.2 Market Estimates & Forecast, by Region, 2020–2027
8.5 Electronics
8.5.1 Market Estimates & Forecast, 2020–2027
8.5.2 Market Estimates & Forecast, by Region, 2020–2027
8.5 Industrial Cleaning
8.5.1 Market Estimates & Forecast, 2020–2027
8.5.2 Market Estimates & Forecast, by Region, 2020–2027
8.5 Others
8.5.1 Market Estimates & Forecast, 2020–2027
8.5.2 Market Estimates & Forecast, by Region, 2020–2027
9. Global Methane Sulfonic Acid Market, by Region
9.1 Introduction
9.2 North America
9.2.1 Market Estimates & Forecast, 2020–2027
9.2.2 Market Estimates & Forecast, by Grade, 2020–2027
9.2.3 Market Estimates & Forecast, by Application, 2020–2027
9.2.4 US
9.2.4.1 Market Estimates & Forecast, 2020–2027
9.2.4.2 Market Estimates & Forecast, by Grade, 2020–2027
9.2.4.3 Market Estimates & Forecast, by Application, 2020–2027
9.2.5 Canada
9.2.5.1 Market Estimates & Forecast, 2020–2027
9.2.5.2 Market Estimates & Forecast, by Grade, 2020–2027
9.2.5.3 Market Estimates & Forecast, by Application, 2020–2027
9.3 Europe
9.3.1 Market Estimates & Forecast, 2020–2027
9.3.2 Market Estimates & Forecast, by Grade, 2020–2027
9.3.3 Market Estimates & Forecast, by Application, 2020–2027
9.3.4 Germany
9.3.4.1 Market Estimates & Forecast, 2020–2027
9.3.4.2 Market Estimates & Forecast, by Grade, 2020–2027
9.3.4.3 Market Estimates & Forecast, by Application, 2020–2027
9.3.5. France
9.3.5.1 Market Estimates & Forecast, 2020–2027
9.3.5.2 Market Estimates & Forecast, by Grade, 2020–2027
9.3.5.3 Market Estimates & Forecast, by Application, 2020–2027
9.3.6 Italy
9.3.6.1 Market Estimates & Forecast, 2020–2027
9.3.6.2 Market Estimates & Forecast, by Grade, 2020–2027
9.3.6.3 Market Estimates & Forecast, by Application, 2020–2027
9.3.7 Spain
9.3.7.1 Market Estimates & Forecast, 2020–2027
9.3.7.2 Market Estimates & Forecast, by Grade, 2020–2027
9.3.7.3 Market Estimates & Forecast, by Application, 2020–2027
9.3.8 UK
9.3.8.1 Market Estimates & Forecast, 2020–2027
9.3.8.2 Market Estimates & Forecast, by Grade, 2020–2027
9.3.8.3 Market Estimates & Forecast, by Application, 2020–2027
9.3.9 Russia
9.3.9.1 Market Estimates & Forecast, 2020–2027
9.3.9.2 Market Estimates & Forecast, by Grade, 2020–2027
9.3.9.3 Market Estimates & Forecast, by Application, 2020–2027
9.3.10 Poland
9.3.10.1 Market Estimates & Forecast, 2020–2027
9.3.10.2 Market Estimates & Forecast, by Grade, 2020–2027
9.3.10.3 Market Estimates & Forecast, by Application, 2020–2027
9.4 Asia-Pacific
9.4.1 Market Estimates & Forecast, 2020–2027
9.4.2 Market Estimates & Forecast, by Grade, 2020–2027
9.4.3 Market Estimates & Forecast, by Application, 2020–2027
9.4.4 China
9.4.4.1 Market Estimates & Forecast, 2020–2027
9.4.4.2 Market Estimates & Forecast, by Grade, 2020–2027
9.4.4.3 Market Estimates & Forecast, by Application, 2020–2027
9.4.5 India
9.4.4.1 Market Estimates & Forecast, 2020–2027
9.4.4.2 Market Estimates & Forecast, by Grade, 2020–2027
9.4.4.3 Market Estimates & Forecast, by Application, 2020–2027
9.4.6 Japan
9.4.5.1 Market Estimates & Forecast, 2020–2027
9.4.5.2 Market Estimates & Forecast, by Grade, 2020–2027
9.4.5.3 Market Estimates & Forecast, by Application, 2020–2027
9.4.7 Australia
9.4.7.1 Market Estimates & Forecast, 2020–2027
9.4.7.2 Market Estimates & Forecast, by Grade, 2020–2027
9.4.7.3 Market Estimates & Forecast, by Application, 2020–2027
9.4.8 New Zealand
9.4.8.1 Market Estimates & Forecast, 2020–2027
9.4.8.2 Market Estimates & Forecast, by Grade, 2020–2027
9.4.8.3 Market Estimates & Forecast, by Application, 2020–2027
9.4.9 Rest of Asia-Pacific
9.4.9.1 Market Estimates & Forecast, 2020–2027
9.4.9.2 Market Estimates & Forecast, by Grade, 2020–2027
9.4.9.3 Market Estimates & Forecast, by Application, 2020–2027
9.5 Middle East & Africa
9.5.1 Market Estimates & Forecast, 2020–2027
9.5.2 Market Estimates & Forecast, by Grade, 2020–2027
9.5.3 Market Estimates & Forecast, by Application, 2020–2027
9.5.4 Turkey
9.5.4.1 Market Estimates & Forecast, 2020–2027
9.5.4.2 Market Estimates & Forecast, by Grade, 2020–2027
9.5.4.3 Market Estimates & Forecast, by Application, 2020–2027
9.5.5 Israel
9.5.5.1 Market Estimates & Forecast, 2020–2027
9.5.5.2 Market Estimates & Forecast, by Grade, 2020–2027
9.5.5.3 Market Estimates & Forecast, by Application, 2020–2027
9.5.6 North Africa
9.5.6.1 Market Estimates & Forecast, 2020–2027
9.5.6.2 Market Estimates & Forecast, by Grade, 2020–2027
9.5.6.3 Market Estimates & Forecast, by Application, 2020–2027
9.5.7 GCC
9.5.7.1 Market Estimates & Forecast, 2020–2027
9.5.7.2 Market Estimates & Forecast, by Grade, 2020–2027
9.5.7.3 Market Estimates & Forecast, by Application, 2020–2027
9.5.8 Rest of the Middle East & Africa
9.5.8.1 Market Estimates & Forecast, 2020–2027
9.5.8.2 Market Estimates & Forecast, by Grade, 2020–2027
9.5.8.3 Market Estimates & Forecast, by Application, 2020–2027
9.6 Latin America
9.6.1 Market Estimates & Forecast, 2020–2027
9.6.2 Market Estimates & Forecast, by Grade, 2020–2027
9.6.3 Market Estimates & Forecast, by Application, 2020–2027
9.6.4 Brazil
9.6.4.1 Market Estimates & Forecast, 2020–2027
9.6.4.2 Market Estimates & Forecast, by Grade, 2020–2027
9.6.4.3 Market Estimates & Forecast, by Application, 2020–2027
9.6.5 Argentina
9.6.5.1 Market Estimates & Forecast, 2020–2027
9.6.5.2 Market Estimates & Forecast, by Grade, 2020–2027
9.6.5.3 Market Estimates & Forecast, by Application, 2020–2027
9.6.6 Mexico
9.6.6.1 Market Estimates & Forecast, 2020–2027
9.6.6.2 Market Estimates & Forecast, by Grade, 2020–2027
9.6.6.3 Market Estimates & Forecast, by Application, 2020–2027
9.6.7 Rest of Latin America
9.6.7.1 Market Estimates & Forecast, 2020–2027
9.6.7.2 Market Estimates & Forecast, by Grade, 2020–2027
9.6.7.3 Market Estimates & Forecast, by Application, 2020–2027
10. Company Landscape
11. Company Profiles
11.1 BASF SE
11.1.1 Company Overview
11.1.2 Grade/Business Segment Overview
11.1.3 Financial Updates
11.1.4 Key Developments
11.2 Arkema SA
11.2.1 Company Overview
11.2.2 Grade/Business Segment Overview
11.2.3 Financial Updates
11.2.4 Key Developments
11.3 Varsal
11.3.1 Company Overview
11.3.2 Grade/Business Segment Overview
11.3.3 Financial Updates
11.3.4 Key Developments
11.4 Shilpa Chemspec International Pvt. Ltd.
11.4.1 Company Overview
11.4.2 Grade/Business Segment Overview
11.4.3 Financial Updates
11.4.4 Key Developments
11.5 TCI Chemicals (India) Pvt. Ltd.
11.5.1 Company Overview
11.5.2 Grade/Business Segment Overview
11.5.3 Financial Updates
11.5.4 Key Developments
11.6 Langfang Jinshenghui Chemical Co., Ltd
11.6.1 Company Overview
11.6.2 Grade/Business Segment Overview
11.6.3 Financial Updates
11.6.4 Key Developments
11.7 Zhongke Fine Chemical Co., Ltd
11.7.1 Company Overview
11.7.2 Grade/Business Segment Overview
11.7.3 Financial Updates
11.7.4 Key Developments
11.8 HEBEI YANUO Bioscience Co., Ltd
11.8.1 Company Overview
11.8.2 Grade/Business Segment Overview
11.8.3 Financial Updates
11.8.4 Key Developments
11.9 Alfa Aesar
11.9.1 Company Overview
11.9.2 Grade/Business Segment Overview
11.9.3 Financial Updates
11.9.4 Key Developments
11.10 Avantor, Inc.
11.10.1 Company Overview
11.10.2 Grade/Business Segment Overview
11.10.3 Financial Updates
11.10.4 Key Developments
12. Conclusion
LIST OF TABLES
Table 1 World Population in Major Regions (2020–2030)
Table 2 Global Methane Sulfonic Acid Market, by Region, 2020–2027
Table 3 North America: Methane Sulfonic Acid Market, by Country, 2020–2027
Table 4 Europe: Methane Sulfonic Acid Market, by Country, 2020–2027
Table 5 Asia-Pacific: Methane Sulfonic Acid Market, by Country, 2020–2027
Table 7 Middle East & Africa: Methane Sulfonic Acid Market, by Country, 2020–2027
Table 6 Latin America: Methane Sulfonic Acid Market, by Country, 2020–2027
Table 8 Global Methane Sulfonic Acid Grade Market, by Region, 2020–2027
Table 9 North America: Methane Sulfonic Acid Grade Market, by Country, 2020–2027
Table 10 Europe: Methane Sulfonic Acid Grade Market, by Country, 2020–2027
Table11 Asia-Pacific: Methane Sulfonic Acid Grade Market, by Country, 2020–2027
Table13 Middle East & Africa: Methane Sulfonic Acid Grade Market, by Country, 2020–2027
Table12 Latin America: Methane Sulfonic Acid Grade Market, by Country, 2020–2027
Table14 North America: Methane Sulfonic Acid Application Market, by Country, 2020–2027
Table13 Europe: Methane Sulfonic Acid Application Market, by Country, 2020–2027
Table14 Asia-Pacific: Methane Sulfonic Acid Application Market, by Country, 2020–2027
Table16 Middle East & Africa: Methane Sulfonic Acid Application Market, by Country, 2020–2027
Table15 Latin America: Methane Sulfonic Acid Application Market, by Country, 2020–2027
Table23 Global Grade Market, by Region, 2020–2027
Table24 Global Application Market, by Region, 2020–2027
Table25 North America: Methane Sulfonic Acid Market, by Country, 2020–2027
Table26 North America: Methane Sulfonic Acid Market, by Grade, 2020–2027
Table27 North America: Methane Sulfonic Acid Market, by Application, 2020–2027
Table28 Europe: Methane Sulfonic Acid Market, by Country, 2020–2027
Table29 Europe: Methane Sulfonic Acid Market, by Grade, 2020–2027
Table30 Europe: Methane Sulfonic Acid Market, by Application, 2020–2027
Table31 Asia-Pacific: Methane Sulfonic Acid Market, by Country, 2020–2027
Table32 Asia-Pacific: Methane Sulfonic Acid Market, by Grade, 2020–2027
Table33 Asia-Pacific: Methane Sulfonic Acid Market, by Application, 2020–2027
Table36 Middle East & Africa: Methane Sulfonic Acid Market, by Country, 2020–2027
Table37 Middle East & Africa Methane Sulfonic Acid Market, by Grade, 2020–2027
Table33 Middle East & Africa: Methane Sulfonic Acid Market, by Application, 2020–2027
Table34 Latin America: Methane Sulfonic Acid Market, by Country, 2020–2027
Table35 Latin America Methane Sulfonic Acid Market, by Grade, 2020–2027
Table33 Latin America: Methane Sulfonic Acid Market, by Application, 2020–2027
LIST OF FIGURES
FIGURE 1 Global Methane Sulfonic Acid Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis of Global Methane Sulfonic Acid Market
FIGURE 4 Value Chain of Global Methane Sulfonic Acid Market
FIGURE 5 Share of Global Methane Sulfonic Acid Market in 2020, by Country (%)
FIGURE 6 Global Methane Sulfonic Acid Market, 2020–2027,
FIGURE 7 Sub-Segments of Grade, 2020
FIGURE 8 Global Methane Sulfonic Acid Market Size, by Grade, 2020
FIGURE 9 Share of Global Methane Sulfonic Acid Market, by Grade, 2020–2027
FIGURE 10 Sub-Segments of Application
FIGURE 11 Global Methane Sulfonic Acid Market Size, by Application, 2020
FIGURE 12 Share of Global Methane Sulfonic Acid Market, by Application, 2020–2027