Global Sulfonic Acid Market Outlook to 2027
Sulfonic acids are a group of organic acids which is widely used as a catalyst in organic reactions. At the same time, its derivatives are employed to manufacture detergents, ion-exchange resins, catalysts, and water-soluble dyes. Sulfonic acid has a wide range of applications in the market, including thermoset resins in paints, phenolic foams, coatings, and various other pharmaceutical applications.
According to BlueQuark Research & Consulting, the global Sulfonic Acid market is expected to witness a moderate growth rate having a CAGR of around 3% during the forecast period. The major factors responsible for the global Sulfonic Acid market's growth are the rising demand from the paints & coatings and the construction industries.
Asia-Pacific region is projected to dominate the Global Sulfonic Acid market. The rapid development in the construction industry in China, India, and Japan is likely to catalyze growth in the region. In terms of usage, North American and European region comes after Asia-Pacific owing to the demand from paints and coatings industry,
In terms of application, the Resins segment dominates the market. Thermoset resins are extensively used in paints & coatings owing to their enhanced performance attributes such as excellent adhesion quality, high tensile strength, etc.
In terms of segmentation by the End-user Industry, the Construction Industry is projected to dominate the Global Sulfonic Acid market. Rapid industrialization and urbanization result in the construction industry's growth, which is likely to propel the sulfonic acid market.
The Global Sulfonic Acid market is partially fragmented. Major companies in the market were found to be Arkema SA, Kuantum Corp, RUTGERS Organics Corp., Henan Fengbai Chemical Co., Nandadeep Chemicals Private Limited, and BASF SE, among others.
On January 20, 2020, BASF invested in capacity expansion for methane sulfonic acid at their Ludwigshafen Verbund site. It planned to increase the capacity to 50,000 metric tons per year in response to rising global demand. The additional capacities will be available by the fourth quarter of 2021.
Global Sulfonic Acid Market report provides deep insight into the Sulfonic Acid market's current and future state across various regions. The study comprehensively analyzes the Sulfonic Acid market by segmenting based on Grade (Resins, Esters, and Phenolic Foam), End-user Industry (Construction, Cosmetic & Personal Care, Paints & Coatings, Pharmaceutical, and Other End-user Industries), and Geography (Europe, Asia-Pacific, North America, South America, and Middle-East & Africa). The report examines the market drivers and restraints that are influencing the growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with major companies' profiles, including their market shares and projects.
According to BlueQuark Research & Consulting, the global Sulfonic Acid market is expected to witness a moderate growth rate having a CAGR of around 3% during the forecast period. The major factors responsible for the global Sulfonic Acid market's growth are the rising demand from the paints & coatings and the construction industries.
Asia-Pacific region is projected to dominate the Global Sulfonic Acid market. The rapid development in the construction industry in China, India, and Japan is likely to catalyze growth in the region. In terms of usage, North American and European region comes after Asia-Pacific owing to the demand from paints and coatings industry,
In terms of application, the Resins segment dominates the market. Thermoset resins are extensively used in paints & coatings owing to their enhanced performance attributes such as excellent adhesion quality, high tensile strength, etc.
In terms of segmentation by the End-user Industry, the Construction Industry is projected to dominate the Global Sulfonic Acid market. Rapid industrialization and urbanization result in the construction industry's growth, which is likely to propel the sulfonic acid market.
The Global Sulfonic Acid market is partially fragmented. Major companies in the market were found to be Arkema SA, Kuantum Corp, RUTGERS Organics Corp., Henan Fengbai Chemical Co., Nandadeep Chemicals Private Limited, and BASF SE, among others.
On January 20, 2020, BASF invested in capacity expansion for methane sulfonic acid at their Ludwigshafen Verbund site. It planned to increase the capacity to 50,000 metric tons per year in response to rising global demand. The additional capacities will be available by the fourth quarter of 2021.
Global Sulfonic Acid Market report provides deep insight into the Sulfonic Acid market's current and future state across various regions. The study comprehensively analyzes the Sulfonic Acid market by segmenting based on Grade (Resins, Esters, and Phenolic Foam), End-user Industry (Construction, Cosmetic & Personal Care, Paints & Coatings, Pharmaceutical, and Other End-user Industries), and Geography (Europe, Asia-Pacific, North America, South America, and Middle-East & Africa). The report examines the market drivers and restraints that are influencing the growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with major companies' profiles, including their market shares and projects.
1. Executive Summary
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Feedstock Analysis
3.6 Supply Scenario
3.7 Regulatory Policies
3.8 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 By Application
5.1.1 Resins
5.1.2 Esters
5.1.3 Phenolic Foam
5.2 By End-User Industry
5.2.1 Construction
5.2.2 Cosmetic & Personal Care
5.2.3 Paints & Coatings
5.2.4 Pharmaceutical
5.2.5 Other End-user Industries
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 United Kingdom
6.2.2 Germany
6.2.3 Italy
6.2.4 France
6.2.5 Russia
6.2.6 Nordic Countries
6.2.7 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 ASEAN Countries
6.3.6 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
7.1 Arkema SA
7.2 Kuantum Corp
7.3 RUTGERS Organics Corp.
7.4 Henan Fengbai Chemical Co.
7.5 Nandadeep Chemicals Private Limited
7.6 Nease Company
7.7 Wuhan Jadechem International Trade Co.
7.8 Zibo Dehong Chemical Technical Co.
7.9 Kao Corporation
7.10 BASF SE
7.11 Oxon Italia S.p.A.
7.12 Langfang Jinshenghui Chemical Co., Ltd
7.13 Shinya Chem
7.14 Xudong Chemical
7.15 Yanuo Chemical
7.16 Zhongke Fine Chemical
7.17 Xingchi Science and Technology
7.18 Shanghai Hanhong Chemical Co.
7.19 J&K Scientific Ltd.
7.20 Sigma-Aldrich Corporation
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Feedstock Analysis
3.6 Supply Scenario
3.7 Regulatory Policies
3.8 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 By Application
5.1.1 Resins
5.1.2 Esters
5.1.3 Phenolic Foam
5.2 By End-User Industry
5.2.1 Construction
5.2.2 Cosmetic & Personal Care
5.2.3 Paints & Coatings
5.2.4 Pharmaceutical
5.2.5 Other End-user Industries
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 United Kingdom
6.2.2 Germany
6.2.3 Italy
6.2.4 France
6.2.5 Russia
6.2.6 Nordic Countries
6.2.7 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 ASEAN Countries
6.3.6 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
7.1 Arkema SA
7.2 Kuantum Corp
7.3 RUTGERS Organics Corp.
7.4 Henan Fengbai Chemical Co.
7.5 Nandadeep Chemicals Private Limited
7.6 Nease Company
7.7 Wuhan Jadechem International Trade Co.
7.8 Zibo Dehong Chemical Technical Co.
7.9 Kao Corporation
7.10 BASF SE
7.11 Oxon Italia S.p.A.
7.12 Langfang Jinshenghui Chemical Co., Ltd
7.13 Shinya Chem
7.14 Xudong Chemical
7.15 Yanuo Chemical
7.16 Zhongke Fine Chemical
7.17 Xingchi Science and Technology
7.18 Shanghai Hanhong Chemical Co.
7.19 J&K Scientific Ltd.
7.20 Sigma-Aldrich Corporation
*List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
LIST OF TABLES
Global Sulfonic Acid Market, in USD Million, 2016-2025
Resins – Sulfonic Acid Market, in USD Million, 2016-2025
Esters – Sulfonic Acid Market, in USD Million, 2016-2025
Phenolic Foam – Sulfonic Acid Market, in USD Million, 2016-2025
Construction – Sulfonic Acid Market, in USD Million, 2016-2025
Cosmetic & Personal Care – Sulfonic Acid Market, in USD Million, 2016-2025
Paints & Coatings – Sulfonic Acid Market, in USD Million, 2016-2025
Pharmaceutical – Sulfonic Acid Market, in USD Million, 2016-2025
Other End-user Industries – Sulfonic Acid Market, in USD Million, 2016-2025
North America - Sulfonic Acid Market, in USD Million, 2016-2025
Europe – Sulfonic Acid Market, in USD Million, 2016-2025
Asia-Pacific - Sulfonic Acid Market, in USD Million, 2016-2025
South America - Sulfonic Acid Market, in USD Million, 2016-2025
Middle East & Africa - Sulfonic Acid Market, in USD Million, 2016-2025
Sulfonic Acid - Market Share of Key Companies in 2019
Other Supporting Charts
Chemicals Industry Growth Data, 2013-2019
Surfactants & Detergents Industry Growth Data, 2013-2019
Global Sulfonic Acid Market, in USD Million, 2016-2025
Resins – Sulfonic Acid Market, in USD Million, 2016-2025
Esters – Sulfonic Acid Market, in USD Million, 2016-2025
Phenolic Foam – Sulfonic Acid Market, in USD Million, 2016-2025
Construction – Sulfonic Acid Market, in USD Million, 2016-2025
Cosmetic & Personal Care – Sulfonic Acid Market, in USD Million, 2016-2025
Paints & Coatings – Sulfonic Acid Market, in USD Million, 2016-2025
Pharmaceutical – Sulfonic Acid Market, in USD Million, 2016-2025
Other End-user Industries – Sulfonic Acid Market, in USD Million, 2016-2025
North America - Sulfonic Acid Market, in USD Million, 2016-2025
Europe – Sulfonic Acid Market, in USD Million, 2016-2025
Asia-Pacific - Sulfonic Acid Market, in USD Million, 2016-2025
South America - Sulfonic Acid Market, in USD Million, 2016-2025
Middle East & Africa - Sulfonic Acid Market, in USD Million, 2016-2025
Sulfonic Acid - Market Share of Key Companies in 2019
Other Supporting Charts
Chemicals Industry Growth Data, 2013-2019
Surfactants & Detergents Industry Growth Data, 2013-2019
