PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1476359
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1476359
Methane Sulfonic Acid Market Forecasts to 2030 - Global Analysis By Product Form (Liquid, Solid and Other Product Forms), Grade (Industrial Grade, Pharmaceutical Grade and Other Grades), Application and By Geography
According to Stratistics MRC, the Global Methane Sulfonic Acid Market is accounted for $756.9 million in 2023 and is expected to reach $1,183.9 million by 2030 growing at a CAGR of 6.6% during the forecast period. MSA, also known as methylsulfonic acid, is a strong organic acid that is colorless, odorless, and miscible with water. Its properties such as high solubility and stability make it a preferred choice for various processes like catalysis, solvent, and electrolyte. Primarily, it serves as an efficient catalyst in numerous chemical reactions, particularly in esterification, alkylation, and polymerization processes. MSA is utilized as an electrolyte additive in batteries, enhancing their performance and longevity.
According to the International Federation of Pharmaceutical Manufacturers and Associations, The worldwide pharmaceutical market was valued at over $1.25 trillion in 2019 and is predicted to increase at a CAGR of 3-6% between 2020 and 2025.
Market Dynamics:
Driver:
Shift towards environmentally friendly alternatives
MSA, recognized for its efficacy in various industrial applications, is gaining traction due to its eco-friendly profile. Unlike conventional acids such as sulfuric acid, MSA is non-volatile, non-corrosive, and biodegradable, making it a preferred choice for environmentally conscious industries. Its use as a catalyst in polymerization reactions, solvent in electroplating processes, and electrolyte additive in batteries aligns with sustainability goals.
Restraint:
Cost of production
MSA is primarily synthesized through the reaction of methane and sulfur trioxide, a process requiring sophisticated equipment and high energy inputs. The raw materials for MSA production, such as methane and sulfur, are subject to price fluctuations, impacting overall production costs. The purification process to achieve desired product quality adds to the expenses. These elevated production costs make MSA comparatively expensive compared to alternative acids, limiting its widespread adoption across various industries.
Opportunity:
Advancements in agricultural practices
Advancements in agricultural practices are enhancing the Methane Sulfonic Acid (MSA) market through several avenues. MSA, a versatile chemical compound, is utilized in various agricultural applications such as fertilizers, pesticides, and herbicides. With the increasing demand for sustainable and eco-friendly agricultural solutions, farmers are turning towards MSA-based products due to its lower environmental impact compared to traditional chemicals. Moreover, MSA exhibits properties that enhance nutrient absorption in plants and improve soil quality, contributing to higher crop yields.
Threat:
Infrastructure limitations
Methane Sulfonic Acid, a crucial chemical used in various industrial processes like electroplating and pharmaceuticals, faces hurdles due to inadequate infrastructure for its production and distribution. The complex synthesis process of MSA demands specialized equipment and facilities, which are not universally available. Transportation and storage infrastructure for MSA often fall short, leading to logistical bottlenecks and increased costs. Limited access to suitable facilities constrains the scalability and efficiency of MSA production, impeding market growth.
Covid-19 Impact:
With lockdown measures and restrictions on industrial activities imposed worldwide to curb the spread of the virus, the demand for various chemical products, including methane sulfonic acid, experienced a decline. Reduced industrial operations in sectors such as textiles, electronics, and pharmaceuticals, which are major consumers of methane sulfonic acid, led to a decrease in its demand. Disruptions in the global supply chain and logistics further exacerbated the situation, causing challenges in the procurement of raw materials and distribution of finished products.
The Industrial Grade segment is expected to be the largest during the forecast period
Industrial Grade segment is expected to hold the largest share during the forecast period. The Industrial Grade segment is bolstering the Methane Sulfonic Acid (MSA) market through its superior quality and diverse applications. Industrial-grade MSA offers heightened purity levels and enhanced stability compared to lower grades, making it indispensable in various industries such as pharmaceuticals, electronics and agrochemicals.
The Electroplating segment is expected to have the highest CAGR during the forecast period
Electroplating segment is expected to have the highest CAGR during the projection period through its utilization as a highly effective electrolyte in the electroplating process. MSA serves as a superior alternative to traditional sulfuric acid due to its non-volatile and non-corrosive nature, resulting in safer and more environmentally friendly electroplating operations. This substitution has been driven by increasingly stringent environmental regulations and the growing awareness of sustainability practices within industries. Additionally, MSA offers enhanced performance characteristics, such as higher solubility and conductivity, leading to improved metal deposition efficiency and surface finish quality.
Region with largest share:
Asia Pacific region commanded the largest share of the market over the extrapolated period. Stringent environmental regulations aimed at reducing emissions and promoting sustainable practices have led to increased demand for MSA as a safer alternative to traditional acids in various industries. MSA, known for its low toxicity and biodegradability, aligns with the regulatory emphasis on environmentally friendly chemicals. Furthermore, regulatory support for the development of infrastructure for wastewater treatment and air pollution control drives the need for MSA-based products, further stimulating market growth in the region.
Region with highest CAGR:
North America region is poised to hold profitable growth throughout the projection period. Because methane sulfonic acid functions equally well as a catalyst and solvent, it is extensively used in the pharmaceutical industry. North American market expansion is anticipated to be aided by the healthcare sector's rising demand, the growth of the aerospace, automotive, and construction industries rises demand for methane sulfonic acid which are boosting revenue growth in the area.
Key players in the market
Some of the key players in Methane Sulfonic Acid market include Arkema Group, BASF SE, Gelest, Inc, Hebei Yanuo Bioscience Co Ltd, Hydrite Chemical Company, Miles Chemical Company Inc, Shinya Chem Co., Ltd, TCI Chemicals Pvt. Ltd, Thermo Fisher Scientific and Varsal Inc.
Key Developments:
In June 2022, Avantor, Inc. announced the partnership with GeminiBio to supply cell culture media and custom hydrated solutions to the biopharma industry. This new capacity is expected to increase portfolio of proprietary services, demonstrating Avantor's commitment to supporting customer workflows in both upstream and downstream biopharma processing.
In May 2022, BASF announced its expansion of methane sulfonic acid manufacturing in Ludwigshafen. BASF has invested a high amount to boost production capacities at the Verbund location in Ludwigshafen in response to growing customer demand.The investment boosts capacity at the Ludwigshafen facility to 50,000 metric tons per year.
Product Forms Covered:
- Liquid
- Solid
- Other Product Forms
Grades Covered:
- Industrial Grade
- Pharmaceutical Grade
- Other Grades
Applications Covered:
- Organic Synthesis
- Electroplating
- Biodiesel Production
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Methane Sulfonic Acid Market, By Product Form
- 5.1 Introduction
- 5.2 Liquid
- 5.3 Solid
- 5.4 Other Product Forms
6 Global Methane Sulfonic Acid Market, By Grade
- 6.1 Introduction
- 6.2 Industrial Grade
- 6.3 Pharmaceutical Grade
- 6.4 Other Grades
7 Global Methane Sulfonic Acid Market, By Application
- 7.1 Introduction
- 7.2 Organic Synthesis
- 7.3 Electroplating
- 7.4 Biodiesel Production
- 7.5 Other Applications
8 Global Methane Sulfonic Acid Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Arkema Group
- 10.2 BASF SE
- 10.3 Gelest, Inc
- 10.4 Hebei Yanuo Bioscience Co Ltd
- 10.5 Hydrite Chemical Company
- 10.6 Miles Chemical Company Inc
- 10.7 Shinya Chem Co., Ltd
- 10.8 TCI Chemicals Pvt. Ltd
- 10.9 Thermo Fisher Scientific
- 10.10 Varsal Inc
List of Tables
- Table 1 Global Methane Sulfonic Acid Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Methane Sulfonic Acid Market Outlook, By Product Form (2021-2030) ($MN)
- Table 3 Global Methane Sulfonic Acid Market Outlook, By Liquid (2021-2030) ($MN)
- Table 4 Global Methane Sulfonic Acid Market Outlook, By Solid (2021-2030) ($MN)
- Table 5 Global Methane Sulfonic Acid Market Outlook, By Other Product Forms (2021-2030) ($MN)
- Table 6 Global Methane Sulfonic Acid Market Outlook, By Grade (2021-2030) ($MN)
- Table 7 Global Methane Sulfonic Acid Market Outlook, By Industrial Grade (2021-2030) ($MN)
- Table 8 Global Methane Sulfonic Acid Market Outlook, By Pharmaceutical Grade (2021-2030) ($MN)
- Table 9 Global Methane Sulfonic Acid Market Outlook, By Other Grades (2021-2030) ($MN)
- Table 10 Global Methane Sulfonic Acid Market Outlook, By Application (2021-2030) ($MN)
- Table 11 Global Methane Sulfonic Acid Market Outlook, By Organic Synthesis (2021-2030) ($MN)
- Table 12 Global Methane Sulfonic Acid Market Outlook, By Electroplating (2021-2030) ($MN)
- Table 13 Global Methane Sulfonic Acid Market Outlook, By Biodiesel Production (2021-2030) ($MN)
- Table 14 Global Methane Sulfonic Acid Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 15 North America Methane Sulfonic Acid Market Outlook, By Country (2021-2030) ($MN)
- Table 16 North America Methane Sulfonic Acid Market Outlook, By Product Form (2021-2030) ($MN)
- Table 17 North America Methane Sulfonic Acid Market Outlook, By Liquid (2021-2030) ($MN)
- Table 18 North America Methane Sulfonic Acid Market Outlook, By Solid (2021-2030) ($MN)
- Table 19 North America Methane Sulfonic Acid Market Outlook, By Other Product Forms (2021-2030) ($MN)
- Table 20 North America Methane Sulfonic Acid Market Outlook, By Grade (2021-2030) ($MN)
- Table 21 North America Methane Sulfonic Acid Market Outlook, By Industrial Grade (2021-2030) ($MN)
- Table 22 North America Methane Sulfonic Acid Market Outlook, By Pharmaceutical Grade (2021-2030) ($MN)
- Table 23 North America Methane Sulfonic Acid Market Outlook, By Other Grades (2021-2030) ($MN)
- Table 24 North America Methane Sulfonic Acid Market Outlook, By Application (2021-2030) ($MN)
- Table 25 North America Methane Sulfonic Acid Market Outlook, By Organic Synthesis (2021-2030) ($MN)
- Table 26 North America Methane Sulfonic Acid Market Outlook, By Electroplating (2021-2030) ($MN)
- Table 27 North America Methane Sulfonic Acid Market Outlook, By Biodiesel Production (2021-2030) ($MN)
- Table 28 North America Methane Sulfonic Acid Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 29 Europe Methane Sulfonic Acid Market Outlook, By Country (2021-2030) ($MN)
- Table 30 Europe Methane Sulfonic Acid Market Outlook, By Product Form (2021-2030) ($MN)
- Table 31 Europe Methane Sulfonic Acid Market Outlook, By Liquid (2021-2030) ($MN)
- Table 32 Europe Methane Sulfonic Acid Market Outlook, By Solid (2021-2030) ($MN)
- Table 33 Europe Methane Sulfonic Acid Market Outlook, By Other Product Forms (2021-2030) ($MN)
- Table 34 Europe Methane Sulfonic Acid Market Outlook, By Grade (2021-2030) ($MN)
- Table 35 Europe Methane Sulfonic Acid Market Outlook, By Industrial Grade (2021-2030) ($MN)
- Table 36 Europe Methane Sulfonic Acid Market Outlook, By Pharmaceutical Grade (2021-2030) ($MN)
- Table 37 Europe Methane Sulfonic Acid Market Outlook, By Other Grades (2021-2030) ($MN)
- Table 38 Europe Methane Sulfonic Acid Market Outlook, By Application (2021-2030) ($MN)
- Table 39 Europe Methane Sulfonic Acid Market Outlook, By Organic Synthesis (2021-2030) ($MN)
- Table 40 Europe Methane Sulfonic Acid Market Outlook, By Electroplating (2021-2030) ($MN)
- Table 41 Europe Methane Sulfonic Acid Market Outlook, By Biodiesel Production (2021-2030) ($MN)
- Table 42 Europe Methane Sulfonic Acid Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 43 Asia Pacific Methane Sulfonic Acid Market Outlook, By Country (2021-2030) ($MN)
- Table 44 Asia Pacific Methane Sulfonic Acid Market Outlook, By Product Form (2021-2030) ($MN)
- Table 45 Asia Pacific Methane Sulfonic Acid Market Outlook, By Liquid (2021-2030) ($MN)
- Table 46 Asia Pacific Methane Sulfonic Acid Market Outlook, By Solid (2021-2030) ($MN)
- Table 47 Asia Pacific Methane Sulfonic Acid Market Outlook, By Other Product Forms (2021-2030) ($MN)
- Table 48 Asia Pacific Methane Sulfonic Acid Market Outlook, By Grade (2021-2030) ($MN)
- Table 49 Asia Pacific Methane Sulfonic Acid Market Outlook, By Industrial Grade (2021-2030) ($MN)
- Table 50 Asia Pacific Methane Sulfonic Acid Market Outlook, By Pharmaceutical Grade (2021-2030) ($MN)
- Table 51 Asia Pacific Methane Sulfonic Acid Market Outlook, By Other Grades (2021-2030) ($MN)
- Table 52 Asia Pacific Methane Sulfonic Acid Market Outlook, By Application (2021-2030) ($MN)
- Table 53 Asia Pacific Methane Sulfonic Acid Market Outlook, By Organic Synthesis (2021-2030) ($MN)
- Table 54 Asia Pacific Methane Sulfonic Acid Market Outlook, By Electroplating (2021-2030) ($MN)
- Table 55 Asia Pacific Methane Sulfonic Acid Market Outlook, By Biodiesel Production (2021-2030) ($MN)
- Table 56 Asia Pacific Methane Sulfonic Acid Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 57 South America Methane Sulfonic Acid Market Outlook, By Country (2021-2030) ($MN)
- Table 58 South America Methane Sulfonic Acid Market Outlook, By Product Form (2021-2030) ($MN)
- Table 59 South America Methane Sulfonic Acid Market Outlook, By Liquid (2021-2030) ($MN)
- Table 60 South America Methane Sulfonic Acid Market Outlook, By Solid (2021-2030) ($MN)
- Table 61 South America Methane Sulfonic Acid Market Outlook, By Other Product Forms (2021-2030) ($MN)
- Table 62 South America Methane Sulfonic Acid Market Outlook, By Grade (2021-2030) ($MN)
- Table 63 South America Methane Sulfonic Acid Market Outlook, By Industrial Grade (2021-2030) ($MN)
- Table 64 South America Methane Sulfonic Acid Market Outlook, By Pharmaceutical Grade (2021-2030) ($MN)
- Table 65 South America Methane Sulfonic Acid Market Outlook, By Other Grades (2021-2030) ($MN)
- Table 66 South America Methane Sulfonic Acid Market Outlook, By Application (2021-2030) ($MN)
- Table 67 South America Methane Sulfonic Acid Market Outlook, By Organic Synthesis (2021-2030) ($MN)
- Table 68 South America Methane Sulfonic Acid Market Outlook, By Electroplating (2021-2030) ($MN)
- Table 69 South America Methane Sulfonic Acid Market Outlook, By Biodiesel Production (2021-2030) ($MN)
- Table 70 South America Methane Sulfonic Acid Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 71 Middle East & Africa Methane Sulfonic Acid Market Outlook, By Country (2021-2030) ($MN)
- Table 72 Middle East & Africa Methane Sulfonic Acid Market Outlook, By Product Form (2021-2030) ($MN)
- Table 73 Middle East & Africa Methane Sulfonic Acid Market Outlook, By Liquid (2021-2030) ($MN)
- Table 74 Middle East & Africa Methane Sulfonic Acid Market Outlook, By Solid (2021-2030) ($MN)
- Table 75 Middle East & Africa Methane Sulfonic Acid Market Outlook, By Other Product Forms (2021-2030) ($MN)
- Table 76 Middle East & Africa Methane Sulfonic Acid Market Outlook, By Grade (2021-2030) ($MN)
- Table 77 Middle East & Africa Methane Sulfonic Acid Market Outlook, By Industrial Grade (2021-2030) ($MN)
- Table 78 Middle East & Africa Methane Sulfonic Acid Market Outlook, By Pharmaceutical Grade (2021-2030) ($MN)
- Table 79 Middle East & Africa Methane Sulfonic Acid Market Outlook, By Other Grades (2021-2030) ($MN)
- Table 80 Middle East & Africa Methane Sulfonic Acid Market Outlook, By Application (2021-2030) ($MN)
- Table 81 Middle East & Africa Methane Sulfonic Acid Market Outlook, By Organic Synthesis (2021-2030) ($MN)
- Table 82 Middle East & Africa Methane Sulfonic Acid Market Outlook, By Electroplating (2021-2030) ($MN)
- Table 83 Middle East & Africa Methane Sulfonic Acid Market Outlook, By Biodiesel Production (2021-2030) ($MN)
- Table 84 Middle East & Africa Methane Sulfonic Acid Market Outlook, By Other Applications (2021-2030) ($MN)
