The global methane sulfonic 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.
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Market Segmentation
Methane sulfonic acid is a strong odorless organic acid, primarily used as a catalyst in applications including esterification, alkylation, and polymerization. It is a naturally occurring organic acid and can also be produced from the chemical oxidation of dimethyl sulphide.
The global methane sulfonic acid market has been segmented by grade, application, and region. Based on grade, the market has been segmented into industrial grade and pharmaceutical grade. Industrial grade methane sulfonic acid finds use in numerous applications including electroplating, electronics, esterification, and polymerization owing to their superior properties such as biodegradability and non-oxidizing. Pharmaceutical grade methane sulfonic acid is used in pharmaceuticals industry to manufacture active pharmaceutical ingredients.
Based on application, the market has been divided into esterification, electroplating, pharmaceuticals, electronics, industrial cleaning, and others. Esterification is a processed used in manufacturing plasticizers and biofuels. Methane sulfonic acid is being widely used as a catalyst in esterification process to accelerate the transformation process. Electroplating is another significant application of methane sulfonic acid due to less corrosiveness and low carbon content. The surge in demand for electroplating in fabrication is likely to fuel the demand for methane sulfonic acid. The product consumption is increasing in pharmaceuticals owing to biodegradability property possessed by it.
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Regional Analysis
Based on region, the global methane sulfonic acid market has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The market in Asia-pacific accounted for the largest share of the global methane sulfonic acid in 2017 and is expected to register a significant CAGR during the review period. Expanding industrial base in the region is driving the demand for methane sulfonic acid in numerous applications.
The markets in North America and Europe are the prominent markets for global methane sulfonic acid market on account of increasing use in pharmaceuticals. Additionally, growing preference for biofuel in transportation and energy generation on account of increasing environmental regulations is likely to propel the market growth.
The market in Latin America and the Middle East and Africa are expected to register moderate CAGR during the review period on account of growing industrial base coupled with increasing per capita disposable income of the consumers.
Competitive Analysis
Some of the key players in the global methane sulfonic acid are TCI Chemicals (India) Pvt. Ltd. (India), Arkema SA (France), Varsal (US), Shilpa Chemspec International Pvt. Ltd. (India), BASF SE (Germany), Langfang Jinshenghui Chemical Co., Ltd (China), HEBEI YANUO Bioscience Co., Ltd (China), Zhongke Fine Chemical Co., Ltd (China), Avantor, Inc. (US), and Alfa Aesar (US).
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
LIST OF TABLES
Table 1 World Population In Major Regions (2016–2030)
Table 2 Global Methane Sulfonic Acid Market, By Region, 2016–2023
Table 3 North America: Methane Sulfonic Acid Market, By Country, 2016–2023
Table 4 Europe: Methane Sulfonic Acid Market, By Country, 2016–2023
Table 5 Asia-Pacific: Methane Sulfonic Acid Market, By Country, 2016–2023
Table 7 Middle East & Africa: Methane Sulfonic Acid Market, By Country, 2016–2023
Table 6 Latin America: Methane Sulfonic Acid Market, By Country, 2016–2023
Table 8 Global Methane Sulfonic Acid Grade Market, By Region, 2016–2023
Table 9 North America: Methane Sulfonic Acid Grade Market, By Country, 2016–2023
Table 10 Europe: Methane Sulfonic Acid Grade Market, By Country, 2016–2023
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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 2018, By Country (%)
FIGURE 6 Global Methane Sulfonic Acid Market, 2016–2023,
FIGURE 7 Sub-Segments of Grade, 2018
FIGURE 8 Global Methane Sulfonic Acid Market Size, By Grade, 2018
FIGURE 9 Share of Global Methane Sulfonic Acid Market, By Grade, 2016–2023
FIGURE 10 Sub-Segments of Application
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