Press release
Future Key Analysis and Industry Trends of Methanesulphonic Acid Market by 2025
Globally, methanesulphonic acid is expected to witness steady growth in demand over the forecast period. Increase in consumption of methanesulphonic acid in a variety of applications across a diverse set of industries is expected to drive the growth of market during the forecast period. Anticipated steady growth in key end use industries such as pharmaceuticals, ceramics production, among others coupled with growing application in metal working and fabrication is expected to fuel the demand for methanesulphonic acid. Also the competitive manufacturing cost and higher growth rates are expected to propelling the demand for methanesulphonic acid.
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Strategic alliances and acquisition of regional smaller players by established players across the value chain is expected to bolster production capabilities with sound technologies and output of the methanesulphonic acid. Stringent government regulations in many regions and various certifications that the product offerings need to comply with is likely to cause delay in commercialization of products in the market and is thus expected to act as an impediment to growth of methanesulphonic acid market.
The global Methanesulphonic Acid Market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). As of 2015. The growth in developed regions such as Western Europe, Japan and North America is expected to be relatively slower as compared to that in regions such as Latin America and APAC. Expansion in industries such as aerospace, automotive, and construction is expected to drive growth in consumption of methanesulfonic acid in these regions during the forecast period.
The APEJ and Latin America, in particular, are expected to register relatively faster growth due increasing demand for adhesives and resins and increase in manufacturing units mainly in the emerging economies such as China. MEA is also projected to also expand with a significant CAGR over the forecast period.
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