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Methane Sulfonic Acid Market Detailed Summary, Industry Size and Future Growth Prospects To 2028
The global methane sulfonic acid market was significantly large in 2020, and is expected to continue to register a rapidly inclining revenue CAGR between 2021 and 2028. Key factors responsible for driving market revenue growth are rising usage of methane sulfonic acid to clean surfaces of tiles, ceramics, and porcelains. It is also used as a component in scale and rust removers. Lead-acid and zinc cerium flow batteries are becoming very popular across the globe.
Methane sulfonic acid is the most basic alkyl sulfonic acid, and it is thought to represent a midway point between sulfonic acid and methylsulfonylmethane. Although it is hygroscopic in its liquid state, it appears colorless. It dissolves readily in water and oxygenated solvents. Methane sulfonic acid is a non-volatile, powerful acid that is soluble in organic solvents and hence can be employed as an acid catalyst.
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Top Players in the Global Methane Sulfonic Acid Market:
- ВАЅF ЅЕ
- Аrkеmа Ѕ.А
- Ѕіgmа-Аldrісh Соrр. (Меrсk Grоuр)
- Vаrѕаl Іnс.
- Lаngfаng Јіnѕhеnghuі Сhеmісаl Со., Ltd.
- Zhоngkе Fіnе Сhеmісаl Со., Ltd.
- Таіzhоu Ѕunіng Сhеmісаl Со., Ltd.
On an industrial scale, the chemical is used to make borane, which is made by reacting sodium borohydride with methane sulfonic acid in an aprotic solvent. In electrochemical applications, methane sulfonic acid is used as a suitable supporting electrolyte. This acid is seen as a sustainable option to commercialized electrolytes used in the casting method.
Revenue growth of the global methane sulfonic acid market is significantly driven by multiple uses of methane sulfonic acid across various industries. Over the past few years, methane sulfonic acid is being used in metalworking and fabrication. Moreover, pharmaceutical/medical, technical, and fabrication sector applications are exhibiting an increase in the demand for the product. Hence, rising adoption of eco-friendly substitutes for commercially-used electrolytes present in batteries due to increasing environmental concerns would further bolster the global methane sulfonic acid market growth.
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Methane Sulfonic Acid Market Segmentation:
Product Type Outlook:
- Pharmaceutical Grade
- Industrial Grade
Application Outlook:
- Electroplating
- Pharmaceuticals & Medicine
- Organic Synthesis
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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