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chemicalintel360 · 3 years ago

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Global Monochloroacetic Acid Market 2021-2027 Growth, Trends and Demands Research Report

Monochloroacetic acid (MCAA) is a specialty organochlorine compound, otherwise called chloroacetic acid. It is a structure block in natural union, and is subsequently utilized in the development of different synthetic mixtures, drugs, and agrochemicals.

Critical measure of MCAA is consumed for the creation of carboxymethylcellulose (CMC), thioglycolic corrosive, USP grade glycine, and specialized grade glycine, which is a significant antecedent to the development of glyphosate. These positive variables look good for the development of the monochloroacetic acid market size throughout the next few years.

Monochloroacetic acid is changed over to sodium chloroacetate and afterward responded with salt cellulose to deliver carboxy methyl cellulose (CMC). Sodium chloroacetate which is a result of monochloroacetic acid is utilized in herbicides. Developing herbicides request is relied upon to benefit the worldwide monochloroacetic acid market development. Other chemicals, which requires this acid in their manufacturing 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.

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ChemIntel360’s global Monochloroacetic Acid market study is a 180+ slide report containing in depth analysis on historical and forecasted spending and consumption patterns in the sector. We offer granular value and volume data from a global, regional, applications, and end-use industry perspective. Despite the adverse effects of the COVID-19 pandemic, the industry is expected to rebound strongly and grow at a CAGR of 4.2% over 2021-2026. The main factors driving growth is the chemical’s extensive use in agrochemicals, the demand for which has witnessed robust growth in recent years.

Scope

This study contains global and regional market size data - value and volume. The numbers are broken down by application (Food & Beverage, Agrochemicals, Surfactants, Thioglycolic Acid and Others) and by product type (Dry Powder, Liquid, Pellets, and Others). The historical period runs through 2015-2020 and the forecasted period from 2021-2026.

Market Overview

The global Monochloroacetic Acid market, which grew from US$X.X million in 2015 to US$X.X million in 2019, dropped marginally to US$792.4 million in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.X million and increase to US$X.X million in 2026 at a CAGR of 4.2%. Cumulatively the market is expected to value US$X.X million during the forecast period as compared to US$X.X million during the historical period.

Regional Outlook of Monochloroacetic Acid Market

The global monochloroacetic acid market is segmented into the five key regions of North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa (MEA)

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Key Players

The “Global Monochloroacetic Acid Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are AkzoNobel, CABB, Daicel, Shandong Minji Chemical, PCC, ArchitOrganosys, Denak, Kaifeng Dongda Chemical Company, Meridian Chem-Bond, and Niacet.

Regional Outlook of Monochloroacetic Acid Market

The global monochloroacetic acid market is segmented into the five key regions of North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa (MEA)

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shruticmi-universe · 4 years ago

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MONOCHLOROACETIC ACID (MCAA) MARKET ANALYSIS

Monochloroacetic Acid (MCAA) Market, By Application (Production of Chemical Compounds(Carboxymethylcellulose, Thioglycolic Acid, Technical Grade Glycine, and Others (Cyanoacetic Acid, Glycolic Acid, Betaine)), Drugs(USP Grade Glycine, Others (Ibuprofen)), Herbicides & Insecticides (Technical Grade Glycine, 2,4-D, 2,4,5-T, Others (MCPA, Dimethoate)) and Others (Others (Indigo Dyes, Amphoteric Surfactants))), By End Use (Pharmaceutical Industry, Chemical Industry(Agrochemicals, Specialty Chemicals, Others (Dyes, Detergents, Polymers, Pulp & Paper), Food & Beverages Industry, Personal Care Industry, Others (Oil & Gas)), and by Regions (North America, Latin America, Europe, Asia Pacific, Middle East, & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

Definition of Monochloroacetic Acid (MCAA) Market/Industry:

Monochloroacetic acid (MCAA) is also known as chloroacetic acid, is a colorless crystalline compound and is highly soluble in organic solvents. It has a chemical formula ClCH2CO2H with a molecular weight of 94.49 gram/mol. It is broadly used in the production of agrochemicals, pharmaceutical drugs, and various chemical compounds. It is a key ingredient in the manufacturing of carboxymethyl cellulose (CMC) compound and it has a wide range of applications across the food industry where it is used as a viscosity modifier, thickener, and emulsion stabilizer.

The global Monochloroacetic acid (MCAA) market is estimated to account for US$ 551.6 Mn in terms of value and 882.5 Kilo Tons in terms of volume by the end of 2018

Drivers:

Rising demand for carboxymethyl cellulose (CMC) compound from the food and beverage industry owing to its excellent viscosity and emulsion stabilizer properties. It is used in ice-creams, beverages, and other food products is expected to boost the market growth of Monochloroacetic acid (MCAA).

Growing demand for glycine, as Monochloroacetic acid is a key material used in the production of glycine. Around 1.26 kg of MCAA is consumed for the production of 1kg of glycine. Glycine is mainly produced in two grades i.e. in technical grade and USP (United States Pharmacopeia) grade. Technical grade has various industrial applications such as the production of rubber sponge materials and metal finishing processes. USP grade is used as an additive in pet food prophylactic for diarrhea, especially for chicken and cat food.

Asia Pacific region dominated the global Monochloroacetic acid (MCAA) market in 2018, accounting for 66.5% share in terms of volume, followed by Europe and North America, respectively

Figure 1. Global Monochloroacetic acid (MCAA) Volume Market Share (%), By Region, 2018

Source: Coherent Market Insights, 2018-19

Market Restraints

Increasing usage of pyridine as an alternative substitute of Monochloroacetic acid in the symtet production, as they are used in the production of herbicides and insecticides is expected to hamper the market growth of Monochloroacetic acid over the forecast period. For instance, Jubilant Life Sciences Limited—an India-based producer—has introduced the production process to produce symtet by pyridine route. The process generates fewer effluents as compared to MCAA route and involves minimum costs for production.

Market Opportunities

Increasing usage of Monochloroacetic acid as a precursor in the production of ibuprofen which is widely used to treat pain, inflammation, and fever. Hence, this is expected to propel the market growth of Monochloroacetic acid over the forecast period.

Growing focus of major players for expanding production facilities of ibuprofen is further expected to boost the market growth of Monochloroacetic acid. For instance, in October 2019, IOL Chemicals and Pharma Ibuprofen manufacturing facilities in Barnala clears USFDA inspection. OL Chemicals and Pharma Ibuprofen manufacturing recently received clearance from the US Food and Drug Administration USFDA.

Figure 2. Global Monochloroacetic acid (MCAA) Market, Opportunity Analysis

On the basis of end use, chemical segment is expected to dominate the global Monochloroacetic acid market in terms of volume accounting for a market share of 67.9% in 2018.

Market Trends/Key Takeaways

Increasing application of Monochloroacetic acid from various end-use industries such as pharmaceuticals, chemicals, personal care, and food & beverages coupled with the expanding chemical industry in the Europe region is further projected to favor the market growth of the Monochloroacetic acid. For instance, the PCC SE Company commissioned a production facility for ultra-pure monochloroacetic acid production (Capacity–42 KT/ year) in Poland. Currently, production operations are in the start-up phase. The production is expected to commence by the end of 2016.

The growing focus of Monochloroacetic acid producers in the Asia Pacific region for expanding production facilities is a major trend that has been observed in the market. This is expected to foster the market growth of Monochloroacetic acid. For instance, In April 2016, CABB Gmbh formed a joint venture with Jining Gold Power Co. Ltd for the production of monochloroacetic acid with an annual production capacity of 25 kilotons. The company will produce monochloroacetic acid in the form of flakes and later on in form of liquid.

Figure 3. Global Monochloroacetic Acid Volume Market Share (%), By End- Use Industry, 2018

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Competitive Section:

Major players engaged in the market are AkzoNobel N.V., CABB Group, Nufarm Limited, Niacet Corporation, Jubilant Life Sciences Limited, Shandong Minji Chemical Co., Ltd., Archit Organosys Limited, IOL Chemicals & Pharmaceuticals Limited, Meridian Chem Bond Pvt. Ltd., and S.R.Drugs and Intermediates Pvt. Ltd.

Key Developments:

In April 2016, the company formed a joint venture with India-based Atul Ltd. for production of monochloroacetic acid.

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#MONOCHLOROACETIC ACID (MCAA) MARKET ANALYSIS

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cindy893 · 6 years ago

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Monochloroacetic Acid (MCAA) Market: Analysis, Applications, Demands, Growth and Research to 2025

Global Monochloroacetic Acid (MCAA) Market Research Report 2019 Presents Intellect by Leading Players, Type, Applications, Distribution Channel, Consumption, Revenue (Mn/Bn USD) and Region --Forecast to 2025.

The analysis on the Monochloroacetic Acid (MCAA) Market provides complete data. Components, as an instance, the situation of the small organization enterprise, significant players size, SWOT analysis, and also patterns on the market are within the study. Along with that, the Monochloroacetic Acid (MCAA) report tables, numbers on growth, figures, and graphs offering a view of this market.

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Top Players/Businesses-

AkzoNobel, CABB, Daicel, Denak, Dow, PCC, Niacet, Xuchang Dongfang Chemical, Shandong Minji Chemical, Shiv Chem, Abhishek Impex, Merck, Jubilant Life Science, Alfa Aesar, Anugrah In-Org(P), S.R.Drugs and Intermediates

Market Products and Applications:

Product Types:

Dry powder

Liquid and pellets form

Applications Types:

Cellulosics

Agrochemicals

Surfactants

Thioglycolic acid (TGA)

Others

Geographies Analyzed are:-

North America

Asia-Pacific

UK, Europe

Central & South America

Middle East & Africa

The prime purpose with this global Monochloroacetic Acid (MCAA) market report would help to comprehend industry concerning its definition, segmentation and possibilities, essential trends and also the challenges which the current market is facing. The Monochloroacetic Acid (MCAA) research represents the majority of our efforts, supplemented by a thorough secondary investigation. We analyzed Monochloroacetic Acid (MCAA) report that is relevant, annual reports, media releases and players product to promoting understanding and analysis.

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Key Questions Answered in this Report -- Monochloroacetic Acid (MCAA) Industry, Status, and Forecast from Players, Types, and Applications

Which all Monochloroacetic Acid (MCAA) organizations are profiled from the report?

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#Monochloroacetic Acid (MCAA) Market

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