Methane Sulfonic Acid Market Trends

Global Methane Sulfonic Acid Market Overview

Methane Sulfonic Acid Market Size was valued at USD 0.52 Billion in 2023. The Methane Sulfonic Acid industry is projected to grow from USD 0.54 Billion in 2024 to USD 0.76 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.25% during the forecast period (2024 - 2032). Increasing use in pharmaceutical industries and rising demand for electroplating are the key market drivers enhancing the market growth.                         

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Methane Sulfonic Acid Market Trends

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  Rising Pharmaceutical Demand Fuels Market Growth

  
  

Market CAGR is being driven by the rising pharmaceutical demand. Methane Sulfonic Acid (MSA) is a common reagent in the pharmaceutical industry, especially in the production of APIs (Active Pharmaceutical Ingredients). MSA is employed in a variety of processes as a catalyst and solvent, including esterification, acetylation, and alkylation. It is also employed as an intermediary in the manufacture of a variety of medications, including antibiotics, anti-inflammatory compounds, and antiviral treatments. The MSA market is predicted to expand due to increased pharmaceutical demand. The worldwide pharmaceutical sector has been continuously expanding, owing to factors such as an aging population, rising chronic illness prevalence, and rising healthcare cost. 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, according to the International Federation of Pharmaceutical Manufacturers and Associations. The growing need for pharmaceuticals is predicted to stimulate demand for MSA as a critical reagent in the production of APIs.

Furthermore, MSA is a safer and more environmentally friendly alternative to other harmful and polluting catalysts such as sulfuric acid and hydrochloric acid. Growing concern about the environmental impact of chemicals is projected to push demand for MSA in the pharmaceutical industry even further. As a result, rising pharmaceutical demand and increased use of safer and more environmentally friendly chemicals are projected to boost MSA market expansion in the future years.

Inaddition, Electroplating is the application of a thin layer of another metal to a metal item using an electrolytic cell. Because of its high solubility, low volatility, and stability, methane sulfonic acid (MSA) is utilized as an electrolyte in electroplating applications. MSA is used in electroplating applications such as silver, gold, and copper plating on electronics, jewellery, and other metal products. The growing use of electroplating in various sectors is projected to propel the MSA market forward. Between 2022 and 2030, the global electroplating market is estimated to increase at a CAGR of 3.5%, owing to factors such as rising demand for consumer electronics, automotive components, and aerospace parts. Electroplating is a technique used to improve the aesthetic, durability, and utility of metal products. The growing demand for MSA as a crucial electrolyte in the process is projected to drive demand for MSA.

MSA is a safer and more environmentally friendly alternative to other harmful and polluting electrolytes such as sulfuric acid and hydrochloric acid. Growing concern about the environmental impact of chemicals is projected to push demand for MSA in the electroplating industry even further. As a result, the growing usage of electroplating in many sectors, as well as the adoption of safer and more environmentally friendly chemicals, are projected to boost the MSA market expansion in the future years.

Methane Sulfonic Acid Market Segment Insights

Methane Sulfonic Acid Industrial Grade Insights

The Methane Sulfonic Acid Market segmentation, based on industrial grade includes industrial, and pharmaceuticals. Over the projection period, the pharmaceutical-grade segment is expected to have the biggest revenue share. Methane sulfonic acid is a strong organic acid that can be used to create pharmaceutical components like Eprosartan, Telmisartan, and Angiotensin II receptor antagonists. This element is projected to drive segment growth in the coming years.

Figure1: Global Methane Sulfonic Acid Market, by Industrial Grade, 2022 & 2032 (USD Billion)                           

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Methane Sulfonic Acid Application Insights

The Methane Sulfonic Acid Market segmentation, based on application, includes esterification, electroplating, pharmaceuticals. The esterification category accounts for the majority of the market share in the Methane Sulfonic Acid market. Esterification is a process that uses MSA as a catalyst to create esters, which are utilized in a variety of applications such as fragrances, flavours, and plasticizers. The growing demand for esters in various end-use sectors such as cosmetics, food & beverage, and pharmaceuticals is likely to boost the expansion of the Methane Sulfonic Acid market's esterification segment.

Methane Sulfonic Acid Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. North America will be the largest market for methane sulfonic acid in 2020, with the highest revenue share. Revenue growth in the North American market is mostly related to the rapid expansion of industries such as aerospace, automotive, and construction. Furthermore, increased manufacturing of environmentally friendly electrolytes for batteries is likely to create significant growth prospects in North America.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: METHANE SULFONIC ACID MARKET SHARE BY REGION 2022 (USD Billion)                       

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe Methane Sulfonic Acid Market accounts for the second-largest market share because of the existence of various end-use industries such as medicines, agrochemicals, and electronics.  Further, the German Methane Sulfonic Acid Market held the largest market share, and the UK Methane Sulfonic Acid Market was the fastest growing market in the European region

The Asia-Pacific Methane Sulfonic Acid Market is expected to grow at the fastest CAGR from 2023 to 2032. This is because of the increasing demand for MSA in various end-use industries such as pharmaceuticals, agrochemicals, and electronics.  Moreover, China’s Methane Sulfonic Acid Market held the largest market share, and the Indian Methane Sulfonic Acid Market was the fastest growing market in the Asia-Pacific region.

Methane Sulfonic Acid Key Market Players& Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Methane Sulfonic Acid Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Methane Sulfonic Acidindustry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Methane Sulfonic Acid industry to benefit clients and increase the market sector. In recent years, the Methane Sulfonic Acid industry has offered some of the most significant advantages to medicine. Major players in the Methane Sulfonic Acid Market, including Langfang Jinshenghui Chemical Co., Ltd (China), Zhongke Fine Chemical Co., Ltd (China), HEBEI YANUO Bioscience Co., Ltd (China), Alfa Aesar (US), and Avantor, Inc. (US).

BASF SE is a European multinational corporation and the world's largest chemical producer. The company's headquarters are in Ludwigshafen, Germany. BASF has subsidiaries and joint ventures in over 80 countries and runs six integrated manufacturing sites as well as 390 other manufacturing locations throughout Europe, Asia, Australia, the Americas, and Africa. BASF has customers in over 190 countries and serves a wide range of sectors. Despite its size and global reach, BASF has gotten little public notice since it stopped manufacturing and selling BASF-branded consumer electronics items in the 1990s. In January 2020, BASF announced that it will continue to increase global methane sulfonic acid (MSA) capacities to 50,000 metric tons per year. This implies a multi-million-euro investment in Ludwigshafen for the construction of a new methane sulfonic acid facility. The building work has only barely began. The amounts of new capacity are expected to be available by the end of 2021.

Arkema S.A. is a publicly traded multi-national maker of specialized materials based in Colombes, France, near Paris. Adhesives, advanced materials, and coatings are its three specialized materials segments (or divisions). A separate section discusses chemical intermediates. The company was founded in 2004 as part of Total's restructuring of its chemicals division, and it went public on the Paris stock exchange in May 2006. In 2021, turnover was €9.5 billion. Arkema is present in over 55 countries and employs over 20,200 people across 13 research centres and 144 manufacturing plants. In September 2020, Arkema announced the acquisition of a 10% share in Ihsedu Agrochem, India's top MSA producer.

Key Companies in the Methane Sulfonic Acid market include

• BASF SE (Germany)


• Arkema SA (France)


• Varsal (US)


• TCI Chemicals (India) Pvt. Ltd. (India)


• Zhongke Fine Chemical Co.Ltd (China)


• HEBEI YANUO Bioscience Co.Ltd (China)


• Alfa Aesar (US)


• Avantor Inc.(US)

Methane Sulfonic Acid Industry Developments

In November 2020, Zhongke Fine Chemical Co. Ltd, a Chinese company, reported the successful development of a novel process for the production of MSA that decreases production costs by 30%.

In July 2021, Chemos GmbH, a German chemical business, said that it has expanded its product line to include MSA, which would be utilized in a variety of applications such as electroplating, medicines, and organic synthesis.

In March 2021, CABB Group GmbH, a Swiss chemical company, said that it had completed a 50% expansion of its MSA manufacturing capacity at its Pratteln plant in Switzerland.

Methane Sulfonic Acid Market Segmentation

Methane Sulfonic Acid Market By Industrial Grade Outlook

• Industrial


• Pharmaceuticals

  Methane Sulfonic Acid Market By Application Outlook

• Esterification


• Electroplating


• Pharmaceuticals

Methane Sulfonic Acid Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America