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Methylammonium Iodide (MAI) Market Size is valued at US$ 2.20 Mn in 2024 and is predicted to reach US$ 31.51 Mn by the year 2034 at an 30.7% CAGR during the forecast period for 2025-2034.
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The principal applications for methylammonium iodide (MAI) are in the manufacturing of photodetectors, LEDs, and perovskite solar cells. It improves optoelectronic device performance, stability, and energy conversion efficiency, spurring innovation in sophisticated electronic applications and renewable energy across both the commercial and research sectors. Specific processing (purity, stoichiometric balance (or ratio), formulation controls, etc.) is linked to the material's performance.
Companies investing in pilot lines are driving further growth by enhancing quality controls, obtaining raw materials more effectively, and offering packaged precursor systems. This makes the production of devices easier, especially for OEMs. In addition to unique MAI purity/grades and customized solvent systems, focused players in the market are pursuing other strategies to increase capacity and proficiencies, such as collaborative R&D to improve stability or lead.
The methylammonium iodide (MAI) market is expanding due to its growing integration into hybrid perovskite formulations that enhance light absorption and enable thinner, flexible photovoltaic layers. Demand is rising as roll-to-roll manufacturing and low-temperature solution processes make MAI-based devices cost-efficient for mass production. The compound’s tunability supports bandgap engineering in tandem cells, improving energy yield. Ongoing research into stabilized encapsulation techniques and additive-assisted film formation is addressing degradation challenges, opening new commercial pathways. Additionally, the surge in wearable electronics, self-powered sensors, and photonic circuits utilizing MAI-based materials is expanding end-user applications beyond solar energy, creating diverse growth opportunities across the broader optoelectronics landscape.
Some of the Key Players in Methylammonium Iodide (MAI) Market:
· Halocell Energy
· Dyenamo AB
· FUJIFILM Wako Pure Chemical Corporation
· American Elements
· Sisco Research Laboratories Pvt. Ltd.
· China Qingdao Hong Jin Chemical Co., Ltd
· Solaronix SA
· Tokyo Chemical Industry Co., Ltd.
· Infinium Pharmachem Limited
· AJAY SQM
· Luminescence Technology Corp. (Lumtec)
· Borun New Material Technology Co., Ltd.
· Solaveni GmbH
· Advent Chembio Private Limited
· Warshel Chemical Ltd
· Hanyao Advanced Materials Technology Co., Ltd.
· Ossila Ltd
· Greatcell Solar Materials
· Stanford Advanced Materials
· Others
The methylammonium iodide (MAI) market is segmented by purity, application, and production scale. By purity, the market is segmented into 99.5%, 99.99%, 99.999%, and others. By application, the market is segmented into perovskite solar cells which further includes thin film solar cell, glass solar cells, and tandem solar cell, field-effect transistor (FETs), light-emitting diode (LEDs), photodetectors, and others. By production scale, the market is segmented into laboratory scale, pilot scale, and mass production.
The 99.5% purity segment is projected to lead the Methylammonium Iodide (MAI) market due to its essential role in producing high-performance perovskite films with superior stability and efficiency. This purity level ensures minimal impurities, consistent crystal quality, and improved charge transport, which are critical for advanced solar cell and optoelectronic applications. Research institutions and manufacturers prefer 99.5% MAI for reliable experimental reproducibility and scalable device fabrication, strengthening its dominance in next-generation material development.
The Perovskite Solar Cells segment dominates and is the fastest-growing application in the Methylammonium Iodide (MAI) market. MAI serves as the fundamental precursor for methylammonium lead iodide absorbers, which are central to mainstream perovskite photovoltaic formulations and production lines. Rapid efficiency improvements and advances in tandem solar architectures are propelling MAI demand from research settings into pilot-scale and early commercial manufacturing. Since solar technology represents the largest share of the overall perovskite materials ecosystem, its extensive material consumption continues to drive MAI volumes well beyond those of LEDs or sensor applications.
The Asia-Pacific region led the Methylammonium Iodide (MAI) market in 2024 owing to its strong ecosystem for advanced material innovation and rapid commercialization of perovskite technologies. Regional governments and private sectors have heavily invested in R&D infrastructure, fostering collaboration between universities, national labs, and solar manufacturers. The presence of major chemical suppliers and electronic material producers supports a reliable local supply chain for MAI synthesis. Additionally, the region’s expanding renewable energy targets, coupled with the availability of cost-efficient production facilities and skilled technical expertise, have accelerated pilot-to-commercial transitions. Strategic initiatives promoting domestic solar module manufacturing, especially in China, Japan, South Korea, and Taiwan, further strengthen Asia-Pacific’s leadership in the global MAI market.
North America offers strong growth potential for the methylammonium iodide (MAI) market due to its expanding clean energy investments and focus on next-generation photovoltaic materials. The region benefits from a robust semiconductor manufacturing base, advanced nanomaterial research, and active government funding for sustainable energy innovation. Growing interest in perovskite–silicon tandem solar cells, the presence of specialized material synthesis companies, and collaborations between universities, national laboratories, and private firms are fostering commercialization and scaling opportunities for MAI-based technologies across the renewable energy sector.
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Report Attribute |
Specifications |
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Market Size Value In 2024 |
USD 2.20 Mn |
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Revenue Forecast In 2034 |
USD 31.51 Mn |
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Growth Rate CAGR |
CAGR of 30.7% from 2025 to 2034 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Purity, By Application, By Production Scale, and By Region |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; Germany; The UK; France; Italy; Spain; Rest of Europe; China; Japan; India; South Korea; Southeast Asia; Rest of Asia Pacific; Brazil; Argentina; Mexico; Rest of Latin America; GCC Countries; South Africa; Rest of the Middle East and Africa |
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Competitive Landscape |
Halocell Energy, Dyenamo AB, FUJIFILM Wako Pure Chemical Corporation, American Elements, Sisco Research Laboratories Pvt. Ltd., China Qingdao Hong Jin Chemical Co., Ltd, Solaronix SA, Tokyo Chemical Industry Co., Ltd., Infinium Pharmachem Limited, AJAY SQM, Luminescence Technology Corp. (Lumtec), Borun New Material Technology Co., Ltd., Solaveni GmbH, Advent Chembio Private Limited, Warshel Chemical Ltd, Hanyao Advanced Materials Technology Co., Ltd., Ossila Ltd, Greatcell Solar Materials, and Stanford Advanced Materials |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Geographic competitive landscape. |
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Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Methylammonium Iodide (MAI) Market Snapshot
Chapter 4. Global Methylammonium Iodide (MAI) Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Porter's Five Forces Analysis
4.7. Incremental Opportunity Analysis (US$ MN), 2025-2034
4.8. Competitive Landscape & Market Share Analysis, By Key Player (2024)
4.9. Use/impact of AI on Methylammonium Iodide (MAI) Market Industry Trends
4.10. Global Methylammonium Iodide (MAI) Market Penetration & Growth Prospect Mapping (US$ Mn), 2024-2034
Chapter 5. Methylammonium Iodide (MAI) Market Segmentation 1: By Purity, Estimates & Trend Analysis
5.1. Market Share by Purity, 2024 & 2034
5.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Purity:
5.2.1. 98%
5.2.2. 99.50%
5.2.3. 99.99%
5.2.4. 99.999%
5.2.5. Others
Chapter 6. Methylammonium Iodide (MAI) Market Segmentation 2: By Application, Estimates & Trend Analysis
6.1. Market Share by Application, 2024 & 2034
6.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Application:
6.2.1. Perovskite Solar Cells
6.2.1.1. Thin Film Solar Cell
6.2.1.2. Glass Solar Cells
6.2.1.3. Tandem Solar Cell
6.2.2. Field-effect Transistor (FETs)
6.2.3. Light-emitting Diode (LEDs)
6.2.4. Photodetectors
6.2.5. Others
Chapter 7. Methylammonium Iodide (MAI) Market Segmentation 3: By Production Scale, Estimates & Trend Analysis
7.1. Market Share by Production Scale, 2024 & 2034
7.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Production Scale:
7.2.1. Laboratory Scale
7.2.2. Pilot Scale
7.2.3. Mass Production
Chapter 8. Methylammonium Iodide (MAI) Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. Global Methylammonium Iodide (MAI) Market, Regional Snapshot 2024 & 2034
8.2. North America
8.2.1. North America Methylammonium Iodide (MAI) Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
8.2.1.1. US
8.2.1.2. Canada
8.2.2. North America Methylammonium Iodide (MAI) Market Revenue (US$ Million) Estimates and Forecasts by Purity, 2021-2034
8.2.3. North America High-Altitude Oxygen Simulation Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
8.2.4. North America Methylammonium Iodide (MAI) Market Revenue (US$ Million) Estimates and Forecasts by Production Scale, 2021-2034
8.3. Europe
8.3.1. Europe Methylammonium Iodide (MAI) Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
8.3.1.1. Germany
8.3.1.2. U.K.
8.3.1.3. France
8.3.1.4. Italy
8.3.1.5. Spain
8.3.1.6. Rest of Europe
8.3.2. Europe Methylammonium Iodide (MAI) Market Revenue (US$ Million) Estimates and Forecasts by Purity, 2021-2034
8.3.3. Europe Methylammonium Iodide (MAI) Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
8.3.4. Europe Methylammonium Iodide (MAI) Market Revenue (US$ Million) Estimates and Forecasts by Production Scale, 2021-2034
8.4. Asia Pacific
8.4.1. Asia Pacific Methylammonium Iodide (MAI) Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
8.4.1.1. India
8.4.1.2. China
8.4.1.3. Japan
8.4.1.4. Australia
8.4.1.5. South Korea
8.4.1.6. Hong Kong
8.4.1.7. Southeast Asia
8.4.1.8. Rest of Asia Pacific
8.4.2. Asia Pacific Methylammonium Iodide (MAI) Market Revenue (US$ Million) Estimates and Forecasts by Purity, 2021-2034
8.4.3. Asia Pacific Methylammonium Iodide (MAI) Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
8.4.4. Asia Pacific Methylammonium Iodide (MAI) Market Revenue (US$ Million) Estimates and Forecasts by Production Scale, 2021-2034
8.5. Latin America
8.5.1. Latin America Methylammonium Iodide (MAI) Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
8.5.1.1. Brazil
8.5.1.2. Mexico
8.5.1.3. Rest of Latin America
8.5.2. Latin America Methylammonium Iodide (MAI) Market Revenue (US$ Million) Estimates and Forecasts by Purity, 2021-2034
8.5.3. Latin America Methylammonium Iodide (MAI) Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
8.5.4. Latin America Methylammonium Iodide (MAI) Market Revenue (US$ Million) Estimates and Forecasts by Production Scale, 2021-2034
8.6. Middle East & Africa
8.6.1. Middle East & Africa Wind Turbine Rotor Blade Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
8.6.1.1. GCC Countries
8.6.1.2. Israel
8.6.1.3. South Africa
8.6.1.4. Rest of Middle East and Africa
8.6.2. Middle East & Africa Methylammonium Iodide (MAI) Market Revenue (US$ Million) Estimates and Forecasts by Purity, 2021-2034
8.6.3. Middle East & Africa Methylammonium Iodide (MAI) Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
8.6.4. Middle East & Africa Methylammonium Iodide (MAI) Market Revenue (US$ Million) Estimates and Forecasts by Production Scale, 2021-2034
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. Halocell Energy
9.2.1.1. Business Overview
9.2.1.2. Key Product /Service Overview
9.2.1.3. Financial Performance
9.2.1.4. Geographical Presence
9.2.1.5. Recent Developments with Business Strategy
9.2.2. Dyenamo AB
9.2.3. FUJIFILM Wako Pure Chemical
9.2.4. American Elements
9.2.5. Sisco Research Laboratories Pvt. Ltd.
9.2.6. China Qingdao Hong Jin Chemical Co., Ltd
9.2.7. Solaronix SA
9.2.8. Tokyo Chemical Industry Co., Ltd.
9.2.9. Infinium Pharmachem Limited
9.2.10. AJAY SQM
9.2.11. Luminescence Technology Corp. (Lumtec)
9.2.12. Borun New Material Technology Co., Ltd.
9.2.13. Solaveni GmbH
9.2.14. Advent Chembio Private Limited
9.2.15. Warshel Chemical Ltd
9.2.16. Hanyao Advanced Materials Technology Co., Ltd.
9.2.17. Ossila Ltd
9.2.18. Greatcell Solar Materials
9.2.19. Stanford Advanced Materials
Formamidinium Iodide Market by Purity
· 99.5%
· 99.99%
· 99.999%
· Others
-Market-SEG.webp "Methylammonium Iodide (MAI) Market SEG")
Formamidinium Iodide Market by Application
· Perovskite Solar Cells
o Thin Film Solar Cell
o Glass Solar Cells
o Tandem Solar Cell
· Field-effect Transistor (FETs)
· Light-emitting Diode (LEDs)
· Photodetectors
· Others
Formamidinium Iodide Market by Production Scale
· Laboratory Scale
· Pilot Scale
· Mass Production
Methylammonium Iodide (MAI) Market by Region
North America-
· The US
· Canada
Europe-
· Germany
· The UK
· France
· Italy
· Spain
· Rest of Europe
Asia-Pacific-
· China
· Japan
· India
· South Korea
· Southeast Asia
· Rest of Asia Pacific
Latin America-
· Brazil
· Argentina
· Mexico
· Rest of Latin America
Middle East & Africa-
· GCC Countries
· South Africa
· Rest of the Middle East and Africa
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here
