Top 5 Companies Driving the Global Methanesulphonic Acid Market

Arkema Group, BASF SE, Oxon Italia S.p.A, Shilpa Chemspec International Private Limited, and Varsal Inc, among others, are the significant players in the global market for methanesulphonic acid.

As per the analysis by Expert Market Research, the global methanesulphonic acid market is expected to grow at a CAGR of 6% during the forecast period of 2022-2027, driven by widespread applications in end-use industries.

The simplest of the alkyl sulphonic acids is methanesulphonic acid, often known as MsOH, which is a colourless liquid. It could be considered as a chemical intermediary between sulfuric acid and methylsulphonylmethane. The commercially available electrolytes used in the plating process can be replaced with acid in a more favourable way for the environment.

Demand for methanesulphonic acid is anticipated to increase with the growth in critical end-use sectors such as pharmaceuticals and ceramics manufacturing. Numerous businesses are expanding their manufacturing capabilities across industries via strategic partnerships and acquisitions. This has fuelled the development of the methanesulphonic acid market. The global market for methanesulphonic acid is projected to expand in a few years, owing to the declining production costs and a rise in applications. Additionally, increasing industrialisation and technological advances are further boosting the market expansion.

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Top 5 Global Methanesulphonic Acid Companies:

Arkema Group

Arkema is a global leader in the speciality chemicals and advanced materials business. The Group is organised around three separate and complementary speciality materials segments: Adhesive Solutions, Advanced Materials, and Coating Solutions. The company creates materials to meet the rising need for cutting-edge, environmentally-friendly materials.

BASF SE

BASF SE is a German multinational chemical corporation and is the world's biggest chemical manufacturer. Chemicals, plastics, performance products, practical solutions, agricultural solutions, and oil and gas make up the company's six business segments. In addition to providing a variety of system solutions and services, BASF supplies goods for the chemical, automotive, construction, agriculture, oil, plastics, electrical, electronics, furniture, and paper industries.

Oxon Italia S.p.A

Oxon Group is a part of SIPCOM-OXON, a chemical conglomerate. It manufactures and sells plant protection products and chemical intermediates. The company protects plants using herbicides, acaricides, fungicides, and biological agents. Oxon Group's products are distributed across Italy and it operates production and research and development facilities across Italy and China.

Shilpa Chemspec International Private Limited

Shilpa Chemspec initially imported and exported chemicals thar are used in several industries including bulk drugs, agrochemicals, dyes and food colours, paints, inks and coatings, cleaners and disinfectants, paper, resins, tyres, electric cables, metal surface treatment and electroplating chemicals, among others. They began producing chemical intermediates on a contract manufacturing basis in 2010 using their knowledge, experience, and connections.

Varsal Inc

Varsal has evolved from a modest analytical instrument manufacturer into a worldwide bespoke chemical and instrument manufacturer via sophisticated chemical technology, wholly owned production facilities, and global collaborations. Varsal's chemicals business produces and supplies ISO-compliant specialised and bespoke chemicals, along with GMP-compliant pharmaceutical intermediates.

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