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.
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.
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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.
Market Overview:
The global Methane Sulfonic Acid market has significantly grown over the recent past and is expected to register rapid growth over the forecast period of 2021 to 2028. The pharma and healthcare sector is rapidly evolving with innovations in technology, increasing healthcare spending, and improving healthcare facilities and systems. Many hospitals, ambulatory surgical care centers, and clinics across the globe are adopting advanced devices and equipment. Revenue growth of the global Methane Sulfonic Acid market is significantly driven by factors such as the increasing prevalence of chronic diseases, rapid advancements in the healthcare and medical sector, high adoption of the latest tools and techniques, and growing funds by several public and private sectors. In addition, the rising focus on drug development, increasing demand for precision medicine, high adoption of home care settings and point-of-care diagnostics, and increasing investments in research and development activities are expected to drive global market revenue growth during the forecast period.
The ongoing pandemic is significantly changing the dynamics of the pharma and healthcare sector. Various countries are facing challenges such as a shortage of medicines, vaccines, and healthcare devices in hospitals. This is expected to open lucrative growth opportunities for market players in the coming years.
Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, mergers and acquisitions, collaborations, and joint ventures to gain a robust footing in the market.
Top Companies Profiled in the Report:
- 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.
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Methane Sulfonic Acid Market Segmentation:
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Pharmaceutical Grade
- Industrial Grade
Application Outlook (Revenue, USD Billion; 2018-2028)
- Electroplating
- Pharmaceuticals & Medicine
- Organic Synthesis
- Others
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of the Middle East & Africa)
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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