What is the Global market size of the Methanesulfonic Acid Market?

Global Methanesulfonic Acid Market size was valued at USD 706.7 million in 2021 and is poised to grow from USD 739.6 million in 2022 to USD 998.6 million by 2030, growing at a CAGR of 4.8% in the forecast period (2023-2030).

Who are the key vendors in the Global Methanesulfonic Acid Market?

Global methanesulfonic acid market is highly competitive. As a result, the global market has been witnessing the constant entry of new players over the years. In order to sustain the highly competitive environment, existing players differentiate themselves through innovation, quality, and technology. Companies are focusing on mergers and acquisitions and partnerships, research and development, and collaborations to survive in the competitive environment. 'Arkema SA', 'TCI Chemicals Pvt. Ltd.', 'BASF SE', 'Solvay SA', 'Oxon Italia S.p.A.', 'Alfa Aesar, Thermo Fisher Scientific', 'Langfang Jinshenghui Chemical Co., Ltd.', 'Zhongke Fine Chemical Co., Ltd.', 'Zhongxing Fluo-Silicone Material Technology Co., Ltd.', 'Shinya Chem Co., Ltd.', 'Tokyo Chemical Industry Co., Ltd.', 'Gelest, Inc.', 'Chemos GmbH & Co. KG', 'Loba Chemie Pvt. Ltd.', 'Santa Cruz Biotechnology, Inc.', 'Merck KGaA', 'Honeywell International Inc.', 'UBE Industries, Ltd.', 'Shandong Yaroma Perfumery Co., Ltd.', 'Guangzhou Xijia Chemical Co., Ltd.'

Methanesulfonic Acid Market Size

Methanesulfonic Acid Market Insights

Methanesulfonic Acid Market size was valued at USD 739.6 million in 2023 and is poised to grow from USD 775.1 million in 2024 to USD 1127.84 million by 2032, growing at a CAGR of 4.8% during the forecast period (2025-2032).

Methanesulfonic acid is a substance that lies in between sulfuric acid and methyl sulfonyl methane. When it comes to solubility, the acid has great compatibility with water and oxygenated solvents, but it is hardly soluble in most hydrocarbons.

The compound behaves in aqueous solution like a potent acid. The substance serves as an acid catalyst in a variety of organic reactions because of its remarkable solubility and non-volatile nature. Commercially, sodium borohydride and methanesulfonic acid can be combined to create borane by reacting with the substance in an aprotic solvent. When utilised as a suitable supporting electrolyte, it has uses in electrochemical processes. The commercial electrolytes used in the plating process can be replaced with the acid in a way that is more environmentally friendly. Lead-acid and zinc cerium flow batteries are the main applications. The acid is also used to clean the surface of tiles, ceramics, and porcelain as well as a component in scale and rust removers.

US Methanesulfonic Acid Market is poised to grow at a sustainable CAGR for the next forecast year.

FAQs

Global methanesulfonic acid market is highly competitive. As a result, the global market has been witnessing the constant entry of new players over the years. In order to sustain the highly competitive environment, existing players differentiate themselves through innovation, quality, and technology. Companies are focusing on mergers and acquisitions and partnerships, research and development, and collaborations to survive in the competitive environment. 'BASF SE (Germany) ', 'Arkema SA (France) ', 'Oxon Italia S.p.A. (Italy) ', 'Zhongke Fine Chemical Co., Ltd. (China) ', 'HEBEI YANUO Bioscience Co., Ltd. (China) ', 'Varsal (United States) ', 'TCI Chemicals (India) Pvt. Ltd. (India) ', 'Alfa Aesar (United States) ', 'Avantor, Inc. (United States) ', 'FINAR (India) ', 'Sinocompound (China) ', 'Junsei Chemical Co., Ltd. (Japan) ', 'Actylis (United States) ', 'Hydrite Chemical Co. (United States) ', 'Kishida Chemical Co., Ltd. (Japan) ', 'Merck (Germany) ', 'Toronto Research Chemicals (Canada) ', 'Hubei Xingchi (China) ', 'Dexing Zhongke Fine Chemical (China) ', 'Shilpa Chemspec International Pvt. Ltd. (India)'

The demand for methanesulfonic acid is anticipated to increase due to expansion in important end-use sectors including pharmaceuticals and ceramics manufacturing. Methanesulfonic acid consumption is rising, particularly among millennials, who are driving the market's expansion. Additionally, due to its outstanding chemical and physical qualities, the acid is utilised as a catalyst in the manufacture of various chemicals and biodiesel, which is anticipated to increase demand for industrial grade methane sulfonic acid in the upcoming years. Strategic partnerships and acquisitions are helping many businesses expand their manufacturing capacity across industries. This has subsequently fuelled the rise of the methanesulfonic acid sector. In the upcoming years, the global methanesulfonic acid market is anticipated to expand due to changing manufacturing prices and a rising applications of methanesulfonic acid. Additionally, the market expansion is being accelerated by the quick industrialization and technology advancements.

The use of methanesulfonic acid in 3D printing technology in soft carbon nanotubules is a new trend that is expected to support the market growth of methanesulfonic acid in the future. Carbon nanotube materials have been used to 3D print shape memory polymers for use in soft robotic applications, and due to their biocompatibility have also been used to 3D print tissue scaffolds. Methanesulfonic (MSA), p-toluene sulfonic (pToS), and oleum acids make up the solvent, which is a special combination of acids that, when combined, are less corrosive than those currently employed in nanotube processing. Solvent that aids in the separation of tangled nanotubes in a solution and the formation of films, fibres, or other materials with outstanding electrical and mechanical properties.

Asia Pacific held the largest Global Methanesulfonic Acid Market share. The expansion of the market in the region is being driven by expanding end-use sectors like medicines, electrical and electronics, and transportation. The need for industrial cleaning products has grown as a result of an expanding industrial base, and this demand is projected to fuel the expansion of the global methane sulfonic acid market.