Global Monochloroacetic Acid Market, By Product form (Crystalline, Liquid, Flakes), By Application (

Published Date: | Report Code : CH1958605

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A special organochlorine compound, also recognized as chloroacetic acid, is monochloroacetic acid (MCAA). In organic synthesis, it is the construction stone and is therefore used in the manufacturing of multiple chemical compounds, medications and agrochemicals. Large quantities of MCAA are absorbed in the manufacturing of carboxymethylcellulose (CMC), thioglycolic acid, USP grade glycine, and technical grade glycine, a significant forerunner of glyphosate manufacturing.

For monochloroacetic acid, the pharmaceutical industry has enormous use. It is used for maleanate, ibuprofen, n-glycine, dichlophenac acid and vitamin manufacturing. Monochloroacetic substances are an incredibly powerful topical keratolytic and caustic substance used in the therapy of skin lesions, veruccae and atherosclerosis in different medications. Growing demographic aging instances are anticipated to occur in medical industry development in nations such as the U.S. and Japan and thus help the general development of the market. This acid is used in different chemical industries as well. Monochloroacetic acid is transformed to chloroacetate of sodium and then linked to carboxy magnesium cellulose (CMC) with alkali cellulose. In herbicides, sodium chloroacetate is used as a by-product of monochloroacetic acid.

Expanding requirement for herbicides is anticipated to boost the development of the worldwide industry for monochloroacetic acids. Other chemicals that require this acid in their manufacture include mercapto acetic acid, carcosines, glycolic acid, chloro acetamides, substituted guar-gums, chloroacetic acid esters, coumarin, phenoxy acetic acid, barbituric acid, cyano acetic acid, ethylene diamine etetra acetic acid, malonic acid, amino acetic acids, malono nitrite.

Key Factors Impacting Market Growth:

  • Rise in demand for agrochemicals

  • CMC witnessing as rise in demand

  • Negative effects of exposure to MCAA

Regional Analysis:

On the basis of the region, the monochloroacetic 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 being some of 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 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 regards 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 US, Germany, UK, France, Canada, Italy, Spain, and so on.

Asia Pacific and Middle East are expected to register substantial growth in monochloroacetic acid market during the forecast period. This demand is with regards to the growth of major applications such as CMC, Agrochemicals, Surfactants, TGA, Others. Major countries in Asia Pacific region include China, South Korea, Japan, India, Australia, and So on. Middle East includes 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 monochloroacetic acid market. There has been 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 monochloroacetic acid market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Companies Covered: Akzo Nobel N.V., CABB GmbH, Nufarm Limited, Niacet Corporation, Jubilant Life Sciences Limited, Shandong Minji Chemical Co. Ltd., Archit Organosys Ltd., IOL Chemicals and Pharmaceuticals Limited, Meridian Chem Bond Pvt. Ltd., and S.R. Drugs and Intermediates Pvt. Ltd...

Market Segmentation:

By Product form:

  • Crystalline

  • Liquid

  • Flakes

By Application:

  • CMC

  • Agrochemicals

  • Surfactants

  • TGA

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Product Form

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Spain, Rest of Western Europe)

    • By Product Form

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Product Form

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, Rest of Asia Pacific)

    • By Product Form

    • By Application

  • Middle East

    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

    • By Product Form

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Product Form

    • By Application

Reasons To Buy This Report:

  • Market size estimation of the Monochloroacetic Acid Market on a regional and global basis

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  • 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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