Sulfonic acids are a mass of organic acids which is extensively used as a catalyst in organic reactions, and derivatives are employed to manufacture detergents, ion-exchange resins, catalysts, and water-soluble dyes. 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. Factors such as the high demand for sulfuric acid in phosphate-based fertilizers and growing global consumption from chemical and pharmaceutical industries are expected to drive the need for the Sulfonic Acid market in the forecasted period. Further, rapid infrastructural growth, including the development of the construction and residential and commercial sectors, would act as a critical propelling force behind the market growth during the forecasted period. Furthermore, the resin segment is expected to drive the methane Sulfonic Acid market demand in the forecasted period. However, strict government laws in many countries and various certifications that product manufacturers must meet will likely decrease the commercialization of the methane sulfonic acid market in the forecasted period. It will create an obstacle and is predicted to restrain market growth significantly. 

Sulfonic acid has many applications, including thermoset resins in paints, phenolic foams, coatings, and other pharmaceutical applications.

The liquid sulfuric acid accounted for the largest segment. Sulfuric acid is a vital mineral acid made up of sulfur, hydrogen, and oxygen. It should always be handled with prudence, even in its dilute form. When diluted with water, it spreads heat in a ceramic exhaust reaction. It is an important industrial chemical utilized in fertilizers' manufacturing processes. About 50%-60% of sulfuric acid goes into the manufacturing of phosphate fertilizers such as superphosphate of lime and ammonium sulfate. It is a crucial raw material that reacts with phosphate rock in the processing plant to generate phosphoric acid and phosphogypsum. Phosphoric acid is an intermediary product in producing all high-grade phosphate fertilizers. With the growing need for an increase in yield from farmers and decreasing availability of fertile land for agricultural practices due to growing urbanization, the demand for fertilizers is estimated to increase rapidly. Around 50% of the global sulphuric acid is utilized in agriculture and farming, especially fertilizer. Sulfuric acid is used to manufacture phosphate fertilizers, like the superphosphate of lime and ammonium sulfate. Sulfuric acid raises crop yield, which helps farmers to generate more revenue by producing highly nutritious crops. Sulfuric acid is used as a crude material to manufacture mono ammonium phosphate (MAP) and diammonium phosphate (DAP), which is blended with phosphate rock to manufacture phosphoric acid. Globally, farmers use fertilizers with three primary nutrients to enhance the quality and yield of the crops nitrogen, phosphorus, and potassium. Some fertilizers, such as two-constituent fertilizers MAP and DAP, provide farmers with an effective means of delivering nitrogen and phosphorus to soils. Fertilizers replace the nutrients that crops extract from the soil. Without fertilizers, crop yields would be significantly decreased. Due to this, mineral fertilizers are utilized to supplement the soil's nutrient stocks with minerals that crops may quickly absorb and use. Agriculture is the primary source of livelihood globally. India and the United States are observing positive growth in agriculture. Hence, the need for fertilizers is expected to propel the global market during the forecast period.

The Asia Pacific region is projected to lead the Global Sulfonic Acid market. The rapid growth in the construction industry in China, India, and Japan will likely catalyze growth in the region. In terms of usage, the North American and European part comes after Asia-Pacific owing to the demand from the paints and coatings industry. The Resins segment dominates the market. Thermoset resins are widely used in paints & coatings owing to their enhanced performance attributes such as high tensile strength, excellent adhesion quality, etc. The Construction Industry is predicted to dominate the Sulfonic Acid market. Rapid industrialization and urbanization outcome in the construction industry's growth, likely propelling the sulfonic acid market. Production of consumer products and electronic devices has increased, and so has the consumption of methane sulfonic acid. The popularity of electronic devices such as laptops, smartphones and other items among millennials and people of all ages is expected to grow, creating prospects for applying methane sulfonic acid. Changing lifestyles and preferences with increasing disposable income are major factors responsible for the growth of the methane sulfonic acid market. Methane sulfonic acid is a crucial component used in electroplating these products. Against this backdrop, increasing demand for electronic appliances will boost market sales opportunities. Expansion of the pharmaceutical sector in the last few years also have increased the consumption of methane sulfonic acid as it is a vital element that goes into the production of drugs. Rising manufacturing of drugs and medicines is therefore on the cards, which is expected to bolster the growth of the methane sulfonic acid market soon. Due to its superior chemical and physical properties, it is used in different processes as it does not emit toxic gases. Moreover, waste generated from this acid is recyclable, reducing the cost required for waste treatment. 

The Global Sulfonic Acid market is segmented. The market's major companies were Arkema SA, RUTGERS Organics Corp., Henan Fengbai Chemical Co., Nandadeep Chemicals Private Limited, Kuantum Corp, and BASF SE.

On January 20, 2020, BASF spent on capacity enlargement for methane sulfonic acid at their Ludwigshafen Verbund site. It planned to surge the capacity to 50,000 metric tons per year in response to rising global demand. The additional capabilities will be available by the fourth quarter of 2021.

The 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 (Fertilizer, 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 influencing the growth in detail. The study covers & includes emerging market size, 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.