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Market Overview:
The Methanesulfonic Acid Market size is estimated to reach $1.1 Billion by 2031, growing at a CAGR of 4.3% during the forecast period 2025-2031, according to a recent report published by IndustryARC, titled, “Methanesulfonic Acid Market – By Grade (Industrial Grade, Pharmaceutical Grade, Electronic Grade), By Purity (70%, 98%, 99% and above), By Form (Solid, Liquid), By Application (Plastics and Polymers, Corrosion Inhibitor, Anti-scaling Agent, Biofuel Synthesis, Catalysts, Solvents, Active Pharmaceutical Ingredients (APIs), Batteries, Paints, Coatings & Adhesives, Electroplating, Others), By End Use Industry (Electronics, Pharmaceutical, Oil & Gas, Chemical, Building & Construction, Textile, Agriculture, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2025-2031”
The market is driven by growing demand for ecofriendly chemicals as industries look for sustainable and biodegradable alternatives to MSA. The electronics and electroplating industry is expanding which requires MSA because of its efficiency in metal deposition processes. Increasing adoption in the pharmaceutical sector, where MSA is an essential step for API synthesis, propels the market. Rising focus on renewable energy and battery technologies has accelerated MSA usage in energy storage and fuel cells. Catalysis osteated by its use in the chemical manufacturing.
APAC Dominated the Market in 2023:
The Methanesulfonic Acid (MSA) market in Asia Pacific is the largest due to its large investments in its industrial base and increasing demand for efficient manufacturing solutions. In August 2024, Foxconn’s announced a US$2.89 billion investment in its new plant in Karnataka, India that includes advanced production units like iPhone assembly and electric vehicle components. MSA is critical in the electronic industry as it is used in electroplating and PCBs. Similarly, MSA’s high performance electrolytes are used in ABB’s $20 million switchgear factory in Indonesia, which produces over 4,000 panels annually. The investments in key industries show the increasing importance of MSA in the promotion of innovation and efficiency in manufacturing in the region.
Methanesulfonic Acid Market: Key Takeaways
Expansion of the Electronics and Electroplating Industries:
Methanesulfonic Acid (MSA) market is driven by the expansion of the electronics and electroplating industries, as it is essential to enable advanced, sustainable manufacturing processes. NITI Aayog's July 2024 report, India's electronics sector is experiencing rapid growth. The industry achieved a production value of US$101 billion in FY23, with projections indicating an increase to US$500 billion by FY30. This growth is driven by mobile phones, IoT devices and automotive electronics, all of which are based on electroplating for the board and connector components. It is an efficient electroplating application of MSA, a biodegradable, non-toxic material. MSA’s demand will also rise to support quality and sustainability in manufacturing and India is targeting high domestic value addition and global competitiveness.
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Increasing Adoption in the Pharmaceutical Sector:
Methanesulfonic Acid (MSA) is uniquely adopted for the pharmaceutical sector mainly for its different characteristics driving growth in the market due to it is importance in drug manufacturing. MSA is a strong, odor free organic acid that is well suited for the production of active pharmaceutical ingredients (APIs) such as Telmisartan and Eprosartan, Angiotensin II receptor antagonists used to treat hypertension. MSA’s non oxidizing nature, lack of metal ions and chlorine free composition make it suitable for pharmaceutical applications where purity and stability are required in complex chemical processes. Its high solubility in water simplifies phase separations, and its resistance to high temperatures increases reaction efficiency. The advantages of MSA enables it to be an indispensible part of the evolving pharmaceutical industry.
Scope of the Report:
Recent Development:
• In May 2022, BASF expanded its methane sulfonic acid (MSA) production at the Ludwigshafen Verbund site to meet rising global demand for environmentally optimized products. The new plant increases capacity to 50,000 metric tons per year.
Methanesulfonic Acid Market: Competitive Landscape
Key companies profiled in the Methanesulfonic Acid Market are BASF SE, Arkema Group, Oxon Italia S.p.A., Shinya Chem, Thermo Fisher Scientific, Chemos GmbH & Co. KG, Hefei TNJ Chemical Industry Co.,Ltd., Tokyo Chemical Industry, Haihang Industry Co., Ltd., Vopelius Chemie AG and others.
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