Press Release

As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Global Methanesulphonic Acid Market to Grow at a CAGR of 6% During 2020-2025, Driven by the Rising Demand from the Pharmaceutical Sector

According to a new report by EMR titled, ‘Global Methanesulphonic Acid Market Report and Forecast 2020-2025’, the global market for methanesulphonic acid is expected to grow at a CAGR of 6% in the forecast period of 2020-2025.

The global market for methanesulphonic acid is anticipated to grow in the forecast period owing to the rising applications in various end-use industries. The rising usage of the chemical in pharmaceuticals is expected to drive the market growth. Reduced manufacturing costs and lesser stringent regulations have provided an impetus to the methanesulphonic acid industry growth. Rapid industrialisation is expected to further propel the market growth in the coming years.

In December 2018, BASF SE (OTCMKTS: BASFY), one of the key players in the methanesulphonic acid industry, announced an expansion in its methanesulphonic acid production. The company intended to increase production capacity at its Ludwigshafen site by 65%, increasing the global capacity to 50,000 metric tons per year. According to a statement by Martin Widmann, Global Strategic Marketing and Development, the company is evaluating investment options outside Europe to expand capacities, owing to the rising demand for methanesulphonic acid. Such capacity expansions being undertaken by the key players in the industry is expected to influence the market growth positively.

Market Analysis by Application and Region:

  • Based on application, the market can be divided into electroplating, medicine, pesticide, and organic synthesis, among others.
  • The regional markets for methanesulphonic acid include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The methanesulphonic acid industry is being driven by the growing demand for the product from the downstream industries.
  • Rapidly growing key end use industries like pharmaceuticals are contributing significantly to the market growth, especially in emerging countries.
  • Reduced manufacturing costs and fewer stringent environmental regulations are expected to aid market growth.
  • The market is expected to witness further expansion in the coming years due to a significant increase in the manufacturing capacities of key industry players.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for methanesulphonic acid for the periods (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the applications and major regions of methanesulphonic acid.
  • It assesses the regional price trends for the (2015-2019) and (2020-2025) periods. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global methanesulphonic acid market are Arkema Group, BASF SE, Oxon Italia S.p.A, Shilpa Chemspec International Private Limited, and Varsal Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

Why Expert Market Research?

RIGHT PEOPLE

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

RIGHT METHODOLOGY

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

RIGHT PRICE

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

RIGHT SUPPORT

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports

Australia Lime Market Report and Forecast 2020-2025 


Global Trisodium Phosphate Market Report and Forecast 2021-2026


Global Pyrite Market Report and Forecast 2021-2026


Global Benzyl Bromide Market Report and Forecast 2021-2026


Global Alunite Market Report and Forecast 2021-2026


NEWSLETTER