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North America Methanesulfonic Acid Market Various Trends,Share And Future Growth

10-16-2018 09:41 AM CET | Business, Economy, Finances, Banking & Insurance

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Methanesulfonic Acid Market

Methanesulfonic Acid Market

Methanesulfonic acid, also referred as MSA, is a strong caustic acid and the simplest form of the alkylsulfonic acids. It is a hygroscopic colourless liquid with the chemical formula CH3SO3H. It is highly soluble in water and oxygenated solvents, but mildly soluble in most hydrocarbons and insoluble in alkanes, benzene, and toluene. In aqueous solution, it is a strong acid (completely ionized).
North America Methanesulfonic Acid Dynamics:
Consumption of consumer electronics and appliances such as laptops, smartphones, washing machines, cooking appliances, and others, owing to increasing disposable income and hectic lifestyle, is on the rise. Consumer electronics and appliances require electroplating to prevent abrasion, corrosion, wear and tear, and also to increase lifespan of products.
MSA is used in active pharmaceuticals ingredients (API) formation of drugs such as Telmisartan and Eprosartan, which are used for treatment of hypertension to reduce risk of fatal and nonfatal cardiovascular events, primarily strokes, and myocardial infarctions.
The revenue share of electroplating segment in the North America methanesulfonic acid market is projected to increase considerably during the forecast period (2016–2026). This can be attributed to high dependence of electronics and electrical industries on tin-alloy coatings for its superior solder-ability, which is done using electroplating process.
The market in the US accounted for revenue share of over 60% in the North America methanesulfonic acid market in 2016. This can be attributed to increasing use of methanesulfonic acid in end use industries as a catalyst for production of various products.
Canada’s pharmaceutical industry is the tenth largest industry globally and the second largest in North America region owing to its high per capita pharmaceutical spending and favorable regulatory system.

Key players operating in the North America methanesulfonic acid market include BASF SE, Arkema S.A, Sigma-Aldrich Corp. (Merck Group), Varsal Inc., Langfang Jinshenghui Chemical Co., Ltd., Zhongke Fine Chemical Co., Ltd., and Taizhou Suning Chemical Co., Ltd.

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