Trifluoromethanesulfonic Acid Market (By Type- 99.5% Type, 99.9% Type, and others), Market by Application- (Chemical industry, Pharmaceutical industry, Electrical industry, and Others) – Global Industry Size, Share, Trends and Forecast, 2015 — 2026

Trifluoromethanesulfonic acid is a colorless, highly viscous, hygroscopic solvent. It considered as cone of the strongest acid. Tryfluoromethanesulfonic acid is known for its use in research as a catalyst for etherification. It is produced industrially by electrochemical fluorination of methanesulfonic acid. As trifluoromethanesulfonic acid is one of the strongest acid, contact with skin causes severe burns wit tissue destruction. Moreover, on inhalation it causes fatal spasms and edema.

Report coverage

Market Dynamics

Over all application scope of the trifluoromethanesulphonic acid covers chemical, electrical and pharmaceutical and other application. The anhydrous form of trifluoromethanesulphoic acid is preferred in fine chemical synthesis. It is non-oxidizing and has high thermal stability, and resistant to both oxidation and reduction, which make its use vital in super acid classes. Specifically in pharmaceutical industry, it is used to make number of drug classes which includes nucleosides, antibiotics, steroids, proteins and glycosides and this is one of the prime factor driving the use of thrifluoromethanesulphonic acid. Its other application includes vitamin synthesis, silicon rubber modification, and isomerization of and alkylation of catalyst. Due to such basic application of trifluorosulphonic acid in pharmaceutical and chemical industry, its production is growing at rapid pace. On the split side, trifluromethanesulponic acids is storng acid and several adverse health issues associate may restrain the overall market growth over the forecast period. Widening application scope of silicon rubber expected to offer numerous growth factors over the forecast period. 

Market Classification and Overview

The global Trifluoromethanesulfonic Acid market is majorly segmented into method and application. On the basis of method, the market is segmented into 99.5% Type, 99.9% Type, and Others. On the basis of application, the market is segmented into Chemical industry, pharmaceutical industry, electrical industry, and others.

Regional Overview

Regionally, the global butyl Trifluoromethanesulfonic Acid market is majorly segmented into North America, Europe, Asia Pacific, and the Latin America, Middle East and Africa.

Asia Pacific region dominated the global trifluoromethanesulphonic acid market with largest market share in 2017. The region has acquired largest number of market share both in terms of value and volume. China and India has presence of booming pharmaceutical industry and addressable change in population in both of these countries have offering huge scope of basic chemicals and drugs. Therefore, demand for trifluoromethanesulphonic acid is rising at a rapid pace. The region expected to grow at largest CAGR over the forecast period.

North America has a presence of developed healthcare infrastructure and advance medical industry. Therefore vitamin synthesis activities are help on regular basis to cater healthcare need. Due to which demand for trifluoromethanesulponic acid is growing day by day. US is among the most promising country level healthcare market and is expected to emerge as a investment centric economy for tryfluoromethanesulphonic acid market. Europe region is growing at a moderate pace as presence of regulatory bodies which are limiting the use of synthetic chemicals. Although, factors such as high demand for silicon rubber and necessity for silicon rubber modification is supporting the demand for tryfluoromethanesulponic acid.

Latin America and Middle East & Africa are poor regions in terms of growth. Collectively both of these regions have acquired least number of market shares as a result of poor economic performance across the major economies. However, growing industrialization expected to offer tremendous growth opportunities over the year to some.

Market Participants

Some of the major players in the market are

• Central Glass
• Solvay
• Time Chemical
• 718th Research Institute of CSIC
• Russia Aecc
• Oakwood Chemicals

The market major players are primarily adopted the strategy of on acquisition & mergers and strategic partnerships to increase the geographical reach and withstand in the market.

Market Segmentation

Market By Method

• 99.5% Type
• 99.9%
• Others

 Market By Application

• Pharmaceutical Industry
• Chemical Industry
• Electrical Industry
• Others

Market By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
• UK
  • Germany
  • France
  • Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• Australia
• Rest of Asia-Pacific
• Brazil
• Rest of Latin America
• South Africa
• Saudi Arabia
• Rest of MEA
• Latin America
• Middle East and Africa (MEA)