Global Methanesulphonic Acid Market Report and Forecast 2024-2032

Global Methanesulphonic Acid Market Outlook

The global methanesulphonic acid market witnessed a healthy growth in the historical period of 2018-2023. The market is expected to grow at a CAGR of 6% during the forecast period of 2024-2032.

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The Asia Pacific to Aid the Growth of the Global Market for Methanesulphonic Acid

The methanesulphonic acid industry is being influenced by the expanding industries such as aerospace, automotive, and construction, especially in the Asia Pacific region. The large production volumes and lower manufacturing costs in regions like the Asia Pacific, closely followed by Europe and North America, are driving the methanesulphonic acid industry forward. The widespread use of methanesulphonic acid in the pharmaceutical industry is one of the major contributors to market growth. The growth is more prevalent in developing regions, owing to the less stringent environmental regulations. Moreover, rising globalisation and rapidly rising manufacturing capacities are expected to propel the global methanesulphonic acid industry forward.

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Methanesulphonic Acid: Market Segmentation

Methanesulphonic acid or MsOH is a colourless liquid and the simplest of the alkyl sulphonic acids. It may be considered as an intermediate compound between sulphuric acid and methylsulphonylmethane. The acid is considered as an environment-friendly substitute to the commercially used electrolytes used in the plating process.

By application, the methanesulphonic acid industry can be divided into:

• Electroplating
• Medicine
• Pesticide
• Organic Synthesis
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Widespread Applications in End-Use Industries are Driving the Methanesulphonic Acid Industry Growth

The methanesulphonic acid industry is being driven by the rising applications in the end-use industries. Growth in key end-use industries such as pharmaceuticals and ceramics production are expected to fuel the demand for methanesulphonic acid. Many companies are increasing their production capacities across sectors by strategic alliances and acquisitions. This, in turn, has propelled the methanesulphonic acid industry growth. The global market for methanesulphonic acid is expected to witness a growth in the coming years, being influenced by the evolving manufacturing costs and an increase in the number of methanesulphonic acid applications. Moreover, rapid industrialisation and technological advancements are providing further impetus to the market growth.

Key Industry Players in the Global Methanesulphonic Acid Market

The report gives a detailed analysis of the following key players in the global methanesulphonic acid market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Arkema Group
• BASF SE
• Oxon Italia S.p.A
• Shilpa Chemspec International Private Limited
• Varsal Inc.
• Others

The comprehensive EMR report provides an in-depth assessment of the industry based on Porter's five forces model, along with giving a SWOT analysis.

Key Highlights of the Report