Global Sulfonic Acid Market Outlook to 2026 - Rising Demand from the Paints & Coatings and Construction Industries - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Global Sulfonic Acid Market Outlook to 2026" report has been added to ResearchAndMarkets.com's offering.
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.
Key Topics Covered:
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
3.2 Market Dynamics
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
5. Market Segmentation & Forecast
5.1 By Application
5.1.3 Phenolic Foam
5.2 By End-User Industry
5.2.2 Cosmetic & Personal Care
5.2.3 Paints & Coatings
5.2.5 Other End-user Industries
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.2.1 United Kingdom
6.2.6 Nordic Countries
6.2.7 Rest of Europe
6.3.4 South Korea
6.3.5 ASEAN Countries
6.3.6 Rest of Asia-Pacific
6.4 South America
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
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