The global methanesulfonic acid market is worth USD 272 million and is predicted to grow to USD 459.2 million by the end of 2027, with a CAGR of 7.3% from 2022 to 2027.
Methanesulfonic Acid Market Overview
Over the forecast period, Methanesulphonic acid is anticipated to witness a steady growth in demad. Over the forecast period, rise in consumption of Methanesulphonic acid in several applications across numerous industries is expected to drive the growth of the market. Increasing application in metal working and fabrication along with anticipation of growth in key end user industries like ceramics production, pharmaceuticals and others is expected to fuel the market demand. Plus, higher growth rates and competitive manufacturing cost are also expected to propel the growth of the market. Another reason behind the growth of the market is acquisition of small players by key players across the value chain along with strategic alliances is expected to bolster production capacities and output of Methanesulphonic acid. Strict government regulations in several regions along with various certifications that the product offspring need to comply with is expected to cause a delay in the commercialization of products.
Who are the Major Players in Methanesulfonic Acid Market?
Top Key Players in the Methanesulfonic Acid Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Methanesulfonic Acid Market is fragmented with a large number of small players operating worldwide. The companies referred to in the market research report include BASF, Arkema S.A. (Paris : AKE.PA), Oxon Italia, Jinshenghui Chemical, Zhongke Fine Chemical, Xingchi Science and Technology, Suning Chemical, Jinji Chemical, Yanuo Chemical, SHINYA CHEM and others.
Industry News-
- In January 2020, BASF announced investment at the Ludwigshafen manufacturing facility to expand the production capacity of methanesulfonic acid to 50,000 metric tons per year as a response to the increasing demand from all over the world.
- Arkema acquires a stake in Verkor capital and accelerates its batteries strategy in Europe : Arkema becomes a shareholder and technological partner of Verkor, a French start-up specialized in the production of high performance batteries. Arkema, a key player thanks to its cutting-edge materials and innovative solutions that it provides in batteries, in particular for electric vehicles, is thus strengthening its development in batteries and clean mobility.
What are the major Applications, Types and Regions for Methanesulfonic Acid Market?
By Type, Methanesulfonic Acid Market has been segmented into
- Pharmaceutical Grade
- Industrial Grade
- Others
By Application, Methanesulfonic Acid Market has been segmented into
- Electroplating
- Medicine
- Organic Synthesis
- Others
Regional Analysis On Methanesulfonic Acid Market-
In 2015, Asia Pacific was a large market for methanesulfonic acid, and it is expected to grow as the number of industries grows. In Asia Pacific in 2015, the increased need for methanesulfonic acid in the pharmaceutical sector is expected to drive up demand for methanesulfonic acid. The increased demand for metal work and fabrication in industries is driving its uses. Due to advancements in fabrication, China and the United States are projected to hold large shares of the methanesulfonic acid market in Asia Pacific and North America, respectively. Due to less rigorous environmental rules in Asia's developing economies, the market is expected to migrate from developed countries to the latter. Because of advancements in end-use sectors, technical improvements, and new inventive products released in these countries, the methanesulfonic acid market in China and India is expected to rise rapidly.Because of advancements in end-use sectors, technical improvements, and new inventive products released in these countries, the methanesulfonic acid market in China and India is expected to rise rapidly. As a result, there will be a significant demand for methanesulfonic acid in Asia Pacific over the forecast period.
The report offers in-depth assessment of the growth and other aspects of the Methanesulfonic Acid Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
Methanesulfonic Acid Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Methanesulfonic Acid Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Methanesulfonic Acid Market report scope?
The key insights of the report have been presented through the frameworks of Major Mergers & Acquisitions, Technological Innovations, and Role of Manufacturers. Additionally, the major opportunities, trends, drivers and challenges of the industry has been analyzed in the report.
Reports Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 6.6% during the review period (2022 to 2027).
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By Type
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- Pharmaceutical Grade
- Industrial Grade
- Others
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By Application
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- Electroplating
- Medicine
- Organic Synthesis
- Others
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By Companies
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BASF, Arkema S.A. (Paris :AKE.PA), Oxon Italia, Jinshenghui Chemical, Zhongke Fine Chemical, Xingchi Science and Technology, Suning Chemical
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Regions Covered
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• North America
• Europe
• Asia-Pacific
• Rest of the World
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Countries Covered
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• US
• Canada
• Germany
• France
• UK
• Italy
• Spain
• Rest of Europe
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
• Middle East & Africa
• Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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99
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Methanesulfonic Acid Report
- Evaluate Methanesulfonic Acid market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Methanesulfonic Acid market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Frequently Asked Questions
What is the study period of this market?
The Methanesulfonic Acid Machine Market is studied from 2017 - 2027.
Who are the key players in Methanesulfonic Acid Machine Market?
BASF, Arkema S.A. (Paris :AKE.PA), Oxon Italia, Jinshenghui Chemical, Zhongke Fine Chemical, Xingchi Science and Technology, Suning Chemical, Jinji Chemical, Yanuo Chemical, SHINYA CHEM and others.
What are the significant types of Methanesulfonic Acid Machine Market?
Pharmaceutical Grade, Industrial Grade, Others.
What are the major end-use applications of the Methanesulfonic Acid Machine Market?
Electroplating, Medicine, Organic Synth, Others.
What segments are covered in the Methanesulfonic Acid Machine Market report?
The Global Methanesulfonic Acid Machine Market is Segmented on the basic of Product, Application, and Geography.
How can I get a sample report/company profile for the Methanesulfonic Acid Machine Market?
The sample report for the Methanesulfonic Acid Machine Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
