Global Chloroacetic Acid Market, By Type (Monochloroacetic Acid, Dichloroacetic Acid, Trichloroaceti

Published Date: | Report Code : CH1958655

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Market Dynamics

An increasing requirement from the agrochemicals industry as a plant stabilizer, and in insecticides & pesticides is expected to drive the growth of Global Chloroacetic Acid Market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Chloroacetic acid is a colorless, crystalline solid and is used in various chemical compounds, agrochemicals, drugs, and dyes. They are usually used as a thickening agent. Chloroacetic acid is water-soluble in nature making it more suitable in glycine which is used as a buffering agent in many antacids, antiperspirants, and toiletries.

Segment Analysis

The global chloroacetic acid market is segmented into type and application.

On the basis of type, it is segmented into monochloroacetic acid, dichloroacetic acid, and trichloroacetic acid. The monochloroacetic acid is widely used in the production of a range of cosmetics, plant protection products including herbicides and insecticides, and pharmaceuticals drugs as it can absorb moisture from the air and has a high purity when compared to its counterparts.

By application, it is segregated into healthcare, petrochemical, textiles, personal care, surfactants, and agrochemicals. The chloroacetic acid is majorly used in agrochemicals in order to make pesticides and insecticides. There has been a significant rise in the demand for chloroacetic acid in the healthcare sector owing to the increase in the demand for vitamins, synthetic caffeine, amino acids, etc.

Key Factors Impacting Market Growth:

  • An increasing requirement from the agrochemicals industry as a plant stabilizer, and in insecticides & pesticides
  • Rising demand for the synthesis of carboxy methylcellulose, thioglycolic acid, and glycine from the end-users
  • Growth of the various sectors such as detergent, construction, agriculture, paper, cosmetics, adhesive, paint, plastic, ceramic, textile, pharmaceutical, and food.

Regional Analysis

On the basis of the region, the global chloroacetic acid market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe is some of the major markets are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe.  This region has been witnessing the number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regard to environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on.  The Asia Pacific and the Middle East are expected to register substantial growth in the global chloroacetic acid market during the forecast period. This demand is with regards to the growth of major applications such as healthcare, petrochemical, textiles, personal care, surfactants, and agrochemicals.

Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on. Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region.  Rest the World that includes South America and Africa has a strong potential for the global chloroacetic acid market. There has been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the global chloroacetic acid market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Companies Covered: Akzonobel, CABB, Daicel, Shandong Minji Chemical, PCC, Archit Organosys, Denak, Kaifeng Dongda Chemical Company, Meridian Chem-Bond, Niacet

Market Segmentation:

By Type:

  • Monochloroacetic Acid
  • Dichloroacetic Acid
  • Trichloroacetic Acid

By Application:

  • Healthcare
  • Petrochemical
  • Textiles
  • Personal Care
  • Surfactants
  • Agrochemicals

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Application

Reasons to Buy This Report:

  • Market size estimation of the global chloroacetic acid market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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