The global demand for Methanesulfonic Acid Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2019 and foreseen to touch XX Kilo Tons by 2026 with a CAGR of XX% during 2020-2026.
Methanesulfonic acid (MSA) is a colorless organic compound, belongs to a class of organosulfonic acids. It is naturally found compound but also produced at an industrial scale for use in many industries. MSA is used for numerous applications ranging from chemical and biofuel synthesis to industrial cleaning and metal surface treatment in the electronics industry. It is used as a solvent, catalyst, cleaning agent, or intermediate.
Industrial advancement is driving the growth of the methanesulfonic acid market. Global MSA market growth is majorly influenced by the flourishing chemical industry, electronics industry, and metal treating industry. Another major highlight propelling the demand is the growing production of biofuels. MSA is recognized as an effective acid catalyst for biofuel production. In biofuel production, methanesulphonic acid is used to reduce the acidity prior to the alkaline transesterification reaction. It offers faster phase separation, which improves the efficiency of the process compared to other catalysts, and is much safer and less corrosive. To meet rising demand, market players are continuously investing in expanding capacities and production technologies.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of methanesulfonic acid.
The entire methanesulfonic acid market has been sub-categorized into product and applications. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Medicine grade (99% purity)
- Industrial grade (70% purity)
This section covers regional segmentation which accentuates on current and future demand for methanesulfonic acid market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Methanesulfonic Acid Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the methanesulfonic acid market include BASF, Dexing Zhongke Fine Chemical, Langfang Jinshenghui Chemical, Sipcam Oxon, Arkema Group, Hubei Xingchi, BASF Group, Taizhou Sunny Chemical. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.