Methanesulfonic Acid Market Size, Share, Growth Analysis, By Grade(Pharmaceutical Grade, Industrial Grade), By Application(Electroplating, Pharmaceutical & Medicines, Organic Synthesis, Others), By Region - Industry Forecast 2024-2031

Methanesulfonic Acid Market size was valued at USD 706.7 million in 2019 and is poised to grow from USD 739.6 million in 2023 to USD 998.6 million by 2031, growing at a CAGR of 4.8% in the forecast period (2024-2031).

Methanesulfonic acid is a substance that lies in between sulfuric acid and methyl sulfonyl methane. When it comes to solubility, the acid has great compatibility with water and oxygenated solvents, but it is hardly soluble in most hydrocarbons.

The compound behaves in aqueous solution like a potent acid. The substance serves as an acid catalyst in a variety of organic reactions because of its remarkable solubility and non-volatile nature. Commercially, sodium borohydride and methanesulfonic acid can be combined to create borane by reacting with the substance in an aprotic solvent. When utilised as a suitable supporting electrolyte, it has uses in electrochemical processes. The commercial electrolytes used in the plating process can be replaced with the acid in a way that is more environmentally friendly. Lead-acid and zinc cerium flow batteries are the main applications. The acid is also used to clean the surface of tiles, ceramics, and porcelain as well as a component in scale and rust removers.

US Methanesulfonic Acid Market is poised to grow at a sustainable CAGR for the next forecast year.