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Methanesulfonic Acid Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: July, 2022
No of Pages: 165
Delivery Format: PDF+EXCEL

$2,950.00

The methane sulfonic acid market value to surpass US$ 706.8Mn in 2021. The methane sulfonic acid market is anticipated to be driven by growing demand from industrial and pharmaceuticals sectors. It is likely to register a growth at 4.9% CAGR during the assessment period, from 2021 to 2031.

Methane Sulfonic Acid Base Year Value (2021A)US$ 675.5  Mn
Methane Sulfonic Acid Estimated Year Value (2022E)US$ 706.8  Mn
Methane Sulfonic Acid Projected Year Value (2030F)US$ 1.13 Bn
Value CAGR (2022-2030)4.9%

FMI also forecasts the global methane sulfonic acid market is expected to register year-on-year growth of 4.6% in 2021. Demand for methane sulfonic acid will surge as industries are aiming for emission control and waste reduction. Considering this, FMI has projected the methane sulfonic acid market valuation to reach US$1.13 Bn by 2030.

Demand for methane sulfonic acid grew at 2.5% CAGR between 2016 and 2020. Sales prospects were dampened in 2020 due to the outbreak of COVID-19, which reduced methane sulfonic acid demand from several industries. However, in the coming years the methane sulfonic acid market is expected to bounce back as demand increases in the electronics and pharmaceutical sectors.

Increasing use of methane sulfonic acid in electroplating is projected to propel sales at 5.1% CAGR over the forecast period, from 2021 to 2031. Significant growth in the electroplating, pharmaceuticals, and chemical-biodiesel production has positioned East Asia, especially in China, as a key consumer of methane sulfonic acid.

Methane Sulfonic Acid Market Country-wise Insights

Why is Demand for Methane Sulfonic Acid Rising in the U.S.?

In 2021, the U.S. methane sulfonic acid market is expected to grow by 5.1% year-on-year, reaching a valuation of US$149.6 Mn. The increasing consumption of electronic appliances such as laptops, cooking appliances, smartphones, and others owing to the increasing population, hectic lifestyle, and surging disposable income is expected to propel the demand in the coming years.

Consumption of methane sulfonic acid is more in the electroplating segment as all electronic products and appliances require electroplating to prevent abrasion, wear and tear, corrosion, and to increase their lifespan. Expansion of electronics and consumer appliances industry is therefore positively impacting the U.S. methane sulfonic market growth.

Increasing usage of appliances in household due to the time constraints and disposable incomes is expected to surge the demand for methane sulfonic acid in assessed time period. Considering all the above factors the market is expected to witness significant growth in U.S.

What is the Growth Outlook for the China Methane Sulfonic Acid Market?

China is estimated to remain a key producer and consumer of methane sulfonic acid, accounting for about 53.4% of methane sulfonic acid sales in East Asia in 2021. Rapid developments in the industrial and pharmaceutical sectors is boosting sales of methane sulfonic acid in the country. Availability of the raw materials and production facilities also will contribute towards the China market growth.

The demand for the electronics products is remarkably high in China due to the huge population. To cater the increasing demand for consumer electronics and appliances, the consumption of methane sulfonic acid is expected to grow. Rising pharmaceutical drugs and medicines production also will create scope for sales of this acid.

In addition to this, China is considered a leading manufacturing hub. With high rate of production across various industries, the consumption of the acid in various applications is considerably high in China.

For instance, surging production in pharmaceutical and consumer electronics industries of China will boost the methane sulfonic acid market in the country, positioning it to grow at 5.6% CAGR over the assessment period.

Methane Sulfonic Acid Market Category-wise Insights

Why is Demand for Industrial Grade Methane Sulfonic Acid Increasing?

In terms of grade, industrial grade methane sulfonic acid is expected to dominate the market. As per FMI, the industrial grade segment is projected to register year-on-year growth of 4.6% in 2021.

At industrial level, methane sulfonic acid plays vital role in various applications such as electroplating, biodiesel production and chemical synthesis. Electroplating segment contributes major share to the overall market as electroplating used in different end-use industries in which electronics industry currently accounts for the maximum sales.

Increasing demand for electronics items especially among millennials is propelling growth of the methane sulfonic acid market. Besides this, the acid is used in the synthesis of different chemicals and biodiesel as a catalyst due to its superior chemical and physical properties, which is expected to boost the demand for industrial grade methane sulfonic acid in the coming years.

Methanesulfonic Acid Market Report Scope and Segmentation

ATTRIBUTESDETAILS
ESTIMATED YEAR2022
BASE YEAR2021
FORECAST YEAR2030
HISTORICAL YEAR2017-2021
UNITValue (USD Million/Billion)
BY REGIONNorth America, Europe, Asia Pacific, Latin America, Middle East and Africa

Methane Sulfonic Acid Market by Category

By Grade:

  • Industrial grade Methane Sulfonic Acid
  • Pharmaceutical grade Methane Sulfonic Acid

By Product Form:

  • Solid Methane Sulfonic Acid
  • Liquid Methane Sulfonic Acid

By Application:

  • Electroplating
  • Pharmaceuticals
  • Chemical Synthesis
  • Biodiesel Production
  • Others

Major Players

  • BASF SE
  • Arkema Group
  • Hydrite Chemical Company
  • Oxon Italia S.p.A.
  • Hebei Yanuo Bioscience Co Ltd
  • Miles Chemical Company Inc.
  • Zhongke Fine Chemical
  • Xiaochang Jinji Chemical Co. Ltd
  • Varsal Inc.
  • Hubei Xingchi Science and Technology Co. Ltd

Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • France
    • UK
    • Spain
    • Poland
    • Russia
    • The Netherlands
    • Norway
    • Czech Republic
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Thailand
    • Singapore
    • Australia & New Zealand
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Northern Africa

Table Of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product innovation & Diversification

4.3. Marketing and Brand management

4.4. Supply Chain Management

5. Global Methane Sulfonic Acid Market Demand Analysis 2016-2020 and Forecast, 2021-2031

5.1. Historical Market Volume (Tons) Analysis, 2016-2020

5.2. Current and Future Market Volume (Tons) Projections, 2021-2031

5.3. Y-o-Y Growth Trend Analysis

6. Global Methane Sulfonic Acid Market – Pricing Analysis

6.1. Regional Pricing Analysis By Product Form

6.2. Pricing Analysis by Regions

7. Global Methane Sulfonic Acid Market Demand (in Value or Size in US$ Mn) Analysis 2016-2020 and Forecast, 2021-2031

7.1. Historical Market Value (US$ Mn) Analysis, 2016-2020

7.2. Current and Future Market Value (US$ Mn) Projections, 2021-2031

7.2.1. Y-o-Y Growth Trend Analysis

7.2.2. Absolute $ Opportunity Analysis

8. Market Background

8.1. Macro-Economic Factors

8.2. Forecast Factors – Relevance & Impact

8.3. Supply-Demand Analysis

8.4. Value Chain

8.5. Buyer’s Decision Analysis

8.6. Production Process Overview

8.7. Market Dynamics

8.7.1. Drivers

8.7.2. Restraints

8.7.3. Opportunity Analysis

8.7.4. Global Driver-Restraints Impact Analysis by Region

8.8. Impact of COVID – 19 Crisis

8.9. Trade Overview

8.10. Key Regulations Applicable

9. Global Methane Sulfonic Acid Market Analysis 2016-2020 and Forecast 2021-2031, by Grade

9.1. Introduction / Key Findings

9.2. Historical Market Size (US$ Mn) and Volume Analysis By Grade, 2016 – 2020

9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Grade, 2021 – 2031

9.3.1. Industrial

9.3.2. Pharmaceutical

9.4. Market Attractiveness Analyses, By Grade

10. Global Methane Sulfonic Acid Market Analysis 2016-2020 and Forecast 2021-2031, By Product Form 

10.1. Introduction / Key Findings

10.2. Historical Market Size (US$ Mn) and Volume Analysis By Product Form, 2016 – 2020

10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Product Form, 2021 – 2031

10.3.1. Solid

10.3.2. Liquid

10.4. Market Attractiveness Analysis By Product Form

11. Global Methane Sulfonic Acid Market Analysis 2016-2020 and Forecast 2021-2031, By Application 

11.1. Introduction / Key Findings

11.2. Historical Market Size (US$ Mn) and Volume Analysis By Application, 2016 – 2020

11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Application, 2021 – 2031

11.3.1. Electroplating

11.3.2. Pharmaceuticals

11.3.3. Chemical Synthesis

11.3.4. Biodiesel Production

11.3.5. Others

11.4. Market Attractiveness Analysis By Application

12. Global Methane Sulfonic Acid Market Analysis 2016-2020 and Forecast 2021-2031, by Region

12.1. Introduction

12.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2016 – 2020

12.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2021 – 2031

12.3.1. North America

12.3.2. Latin America

12.3.3. Europe

12.3.4. East Asia

12.3.5. South Asia & Pacific

12.3.6. Middle East & Africa

12.4. Market Attractiveness Analysis By Region

13. North America Methane Sulfonic Acid Market Analysis 2016-2020 and Forecast 2021-2031

13.1. Introduction

13.2. Pricing Analysis

13.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016 – 2020

13.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021 – 2031

13.4.1. By Grade

13.4.2. By Product Form

13.4.3. By Application

13.4.4. By Country

13.4.4.1. U.S.

13.4.4.2. Canada

13.5. Market Attractiveness Analysis

13.5.1. By Grade

13.5.2. By Product Form

13.5.3. By Application

13.5.4. By Country

13.6. Market Trends

13.7. Drivers and Restraints Impact Analysis

14. Latin America Methane Sulfonic Acid Market Analysis 2016-2020 and Forecast 2021-2031

14.1. Introduction

14.2. Pricing Analysis

14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016 – 2020

14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021 – 2031

14.4.1. By Grade

14.4.2. By Product Form

14.4.3. By Application

14.4.4. By Country

14.4.4.1. Brazil

14.4.4.2. Mexico

14.4.4.3. Rest of Latin America

14.5. Market Attractiveness Analysis

14.5.1. By Grade

14.5.2. By Product Form

14.5.3. By Application

14.5.4. By Country

14.6. Market Trends

14.7. Drivers and Restraints Impact Analysis

15. Europe Methane Sulfonic Acid Market Analysis 2016-2020 and Forecast 2021-2031

15.1. Introduction

15.2. Pricing Analysis

15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016 – 2020

15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021 – 2031

15.4.1. By Grade

15.4.2. By Product Form

15.4.3. By Application

15.4.4. By Country

15.4.4.1. Germany

15.4.4.2. Italy

15.4.4.3. France

15.4.4.4. U.K.

15.4.4.5. Spain

15.4.4.6. BENELUX

15.4.4.7. Russia

15.4.4.8. Rest of Europe

15.5. Market Attractiveness Analysis

15.5.1. By Grade

15.5.2. By Product Form

15.5.3. By Application

15.5.4. By Country

15.6. Market Trends

15.7. Drivers and Restraints Impact Analysis

16. East Asia Methane Sulfonic Acid Market Analysis 2016-2020 and Forecast 2021-2031

16.1. Introduction

16.2. Pricing Analysis

16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016 – 2020

16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021 – 2031

16.4.1. By Grade

16.4.2. By Product Form

16.4.3. By Application

16.4.4. By Country

16.4.4.1. China

16.4.4.2. Japan

16.4.4.3. South Korea

16.5. Market Attractiveness Analysis

16.5.1. By Grade

16.5.2. By Product Form

16.5.3. By Application

16.5.4. By Country

16.6. Market Trends

16.7. Drivers and Restraints Impact Analysis

17. South Asia & Pacific Methane Sulfonic Acid Market Analysis 2016-2020 and Forecast 2021-2031

17.1. Introduction

17.2. Pricing Analysis

17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016 – 2020

17.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021 – 2031

17.4.1. By Grade

17.4.2. By Product Form

17.4.3. By Application

17.4.4. By Country

17.4.4.1. India

17.4.4.2. ASEAN

17.4.4.3. Rest of South Asia & Pacific

17.5. Market Attractiveness Analysis

17.5.1. By Grade

17.5.2. By Product Form

17.5.3. By Application

17.5.4. By Country

17.6. Market Trends

17.7. Drivers and Restraints Impact Analysis

18. Middle East and Africa Methane Sulfonic Acid Market Analysis 2016-2020 and Forecast 2021-2031

18.1. Introduction

18.2. Pricing Analysis

18.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016 – 2020

18.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021 – 2031

18.4.1. By Grade

18.4.2. By Product Form

18.4.3. By Application

18.4.4. By Country

18.4.4.1. GCC Countries

18.4.4.2. Turkey

18.4.4.3. South Africa

18.4.4.4. Rest of Middle East and Africa

18.5. Market Attractiveness Analysis

18.5.1. By Grade

18.5.2. By Product Form

18.5.3. By Application

18.5.4. By Country

18.6. Market Trends

18.7. Drivers and Restraints Impact Analysis

19. Key and Emerging Countries Methane Sulfonic Acid Market Analysis 

19.1. U.S. Methane Sulfonic Acid Market Analysis

19.1.1. By Grade

19.1.2. By Product Form

19.1.3. By Application

19.2. Canada Methane Sulfonic Acid Market Analysis

19.2.1. By Grade

19.2.2. By Product Form

19.2.3. By Application

19.3. Mexico Methane Sulfonic Acid Market Analysis

19.3.1. By Grade

19.3.2. By Product Form

19.3.3. By Application

19.4. Brazil Methane Sulfonic Acid Market Analysis

19.4.1. By Grade

19.4.2. By Product Form

19.4.3. By Application

19.5. Germany Methane Sulfonic Acid Market Analysis

19.5.1. By Grade

19.5.2. By Product Form

19.5.3. By Application

19.6. Italy Methane Sulfonic Acid Market Analysis

19.6.1. By Grade

19.6.2. By Product Form

19.6.3. By Application

19.7. France Methane Sulfonic Acid Market Analysis

19.7.1. By Grade

19.7.2. By Product Form

19.7.3. By Application

19.8. U.K. Methane Sulfonic Acid Market Analysis

19.8.1. By Grade

19.8.2. By Product Form

19.8.3. By Application

19.9. Spain Methane Sulfonic Acid Market Analysis

19.9.1. By Grade

19.9.2. By Product Form

19.9.3. By Application

19.10. Russia Methane Sulfonic Acid Market Analysis

19.10.1. By Grade

19.10.2. By Product Form

19.10.3. By Application

19.11. BENELUX Methane Sulfonic Acid Market Analysis

19.11.1. By Grade

19.11.2. By Product Form

19.11.3. By Application

19.12. China Methane Sulfonic Acid Market Analysis

19.12.1. By Grade

19.12.2. By Product Form

19.12.3. By Application

19.13. Japan Methane Sulfonic Acid Market Analysis

19.13.1. By Grade

19.13.2. By Product Form

19.13.3. By Application

19.14. S. Korea Methane Sulfonic Acid Market Analysis

19.14.1. By Grade

19.14.2. By Product Form

19.14.3. By Application

19.15. India Methane Sulfonic Acid Market Analysis

19.15.1. By Grade

19.15.2. By Product Form

19.15.3. By Application

19.16. ASEAN Methane Sulfonic Acid Market Analysis

19.16.1. By Grade

19.16.2. By Product Form

19.16.3. By Application

19.17. GCC Countries Methane Sulfonic Acid Market Analysis

19.17.1. By Grade

19.17.2. By Product Form

19.17.3. By Application

19.18. Turkey Methane Sulfonic Acid Market Analysis

19.18.1. By Grade

19.18.2. By Product Form

19.18.3. By Application

19.19. South Africa Methane Sulfonic Acid Market Analysis

19.19.1. By Grade

19.19.2. By Product Form

19.19.3. By Application

20. Market Structure Analysis

20.1. Market Analysis by Tier of Companies [Methane Sulfonic Acid]

20.2. Market Concentration

20.3. Market Share Analysis of Top Players

20.4. Production Capacity Estimates of Top Players

20.5. Market Presence Analysis

21. Competition Analysis

21.1. Competition Dashboard

21.2. Primary Survey Analysis

21.3. Competition Deep Dive

21.3.1. BASF SE

21.3.1.1. Overview

21.3.1.2. Product Portfolio

21.3.1.3. Key Financials

21.3.1.4. Sales Footprint

21.3.1.5. Strategy Overview

21.3.2. Arkema Group

21.3.2.1. Overview

21.3.2.2. Product Portfolio

21.3.2.3. Key Financials

21.3.2.4. Sales Footprint

21.3.2.5. Strategy Overview

21.3.3. Oxon Italia S.p.A

21.3.3.1. Overview

21.3.3.2. Product Portfolio

21.3.3.3. Key Financials

21.3.3.4. Sales Footprint

21.3.3.5. Strategy Overview

21.3.4. Shinya Chem

21.3.4.1. Overview

21.3.4.2. Product Portfolio

21.3.4.3. Key Financials

21.3.4.4. Sales Footprint

21.3.4.5. Strategy Overview

21.3.5. Hydrite Chemical Co.

21.3.5.1. Overview

21.3.5.2. Product Portfolio

21.3.5.3. Key Financials

21.3.5.4. Sales Footprint

21.3.5.5. Strategy Overview

21.3.6. Zhongke Fine Chemicals

21.3.6.1. Overview

21.3.6.2. Product Portfolio

21.3.6.3. Key Financials

21.3.6.4. Sales Footprint

21.3.6.5. Strategy Overview

21.3.7. Xiaochang Jinji Chemical Co. Ltd

21.3.7.1. Overview

21.3.7.2. Product Portfolio

21.3.7.3. Key Financials

21.3.7.4. Sales Footprint

21.3.7.5. Strategy Overview

21.3.8. Varsal Inc.

21.3.8.1. Overview

21.3.8.2. Product Portfolio

21.3.8.3. Key Financials

21.3.8.4. Sales Footprint

21.3.8.5. Strategy Overview

21.3.9. Hebei Yanuo Bioscience Co. Ltd

21.3.9.1. Overview

21.3.9.2. Product Portfolio

21.3.9.3. Key Financials

21.3.9.4. Sales Footprint

21.3.9.5. Strategy Overview

21.3.10. Miles Chemical Company

21.3.10.1. Overview

21.3.10.2. Product Portfolio

21.3.10.3. Key Financials

21.3.10.4. Sales Footprint

21.3.10.5. Strategy Overview

21.3.11. Hubei Xingchi Science & Technology Co. Ltd

21.3.11.1. Overview

21.3.11.2. Product Portfolio

21.3.11.3. Key Financials

21.3.11.4. Sales Footprint

21.3.11.5. Strategy Overview

22. Assumptions and Acronyms Used

23. Research Methodology

Segmentation

By Grade:

  • Industrial grade Methane Sulfonic Acid
  • Pharmaceutical grade Methane Sulfonic Acid

By Product Form:

  • Solid Methane Sulfonic Acid
  • Liquid Methane Sulfonic Acid

By Application:

  • Electroplating
  • Pharmaceuticals
  • Chemical Synthesis
  • Biodiesel Production
  • Others

Major Companies

  • BASF SE
  • Arkema Group
  • Hydrite Chemical Company
  • Oxon Italia S.p.A.
  • Hebei Yanuo Bioscience Co Ltd
  • Miles Chemical Company Inc.
  • Zhongke Fine Chemical
  • Xiaochang Jinji Chemical Co. Ltd
  • Varsal Inc.
  • Hubei Xingchi Science and Technology Co. Ltd

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