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Monochloroacetic Acid Market Analysis, New Trends, Current Industry Demand, Application, Type, Forecast To 2023
The global monochloroacetic acid market is segmented based on the form, application, end-use industry, and region.
Based on the form, the global monochloroacetic acid market is segmented into crystalline, liquid, powdered, and flakes. The crystalline form is extensively used due to its ease of handling and operation. Low cost with abundant availability is an added advantage to the crystalline form monochloroacetic acid market growth.
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Various application of monochloroacetic acid includes carboxyl methyl cellulose, thioglycolic acid, thickening agents, surfactants, and intermediates among others. The carboxyl methyl cellulose (CMC) and thioglycolic acid together hold a major market share due to their extensive use as a plant stabilizer. Furthermore, the conversion of the monochloroacetic acid to carboxyl methyl cellulose results in byproduct sodium chloroacetate, which is used in herbicides and fungicides for crop protection. This is expected to drive the demand from the agriculture sector due to lack of arable land and high crop yield. Moreover, the thickening agent segment is highly used in pharmaceuticals and cosmetics & personal care products such as toothpaste and laxatives to stabilize the emulsions. This acid is used as an intermediate for the fusion of indigo dye, which is likely to offer substantial opportunities to the product in the textile industry.
Based on the end-user industry, the market is segmented into agrochemicals, pharmaceuticals, cosmetic & personal care, oil & gas, textiles, plastics, and others. The agrochemicals are leading the market growth owing to the lack of arable land and the increasing demand for food across the globe. The increasing demand for the product in pharmaceuticals and personal care products to offer proper texture is likely to drive the market growth over the assessment period, 2018-2023.
Regional Analysis
The global monochloroacetic acid market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia Pacific was the leading region in 2016 on account of the high product demand from major end-use industries such as agrochemicals, pharmaceuticals, and textiles in the region.
North America accounted for the second largest region in the global monochloroacetic acid market due to the high demand from the pharmaceuticals and the cosmetic & personal care industry in the U.S. and Canada.
The European market is projected to witness a considerable growth on the backdrop of the growing pharmaceutical industry in the region.
The growing agriculture and personal care industries in the Latin American region are expected to drive the market growth during the forecast period.
The Middle East & Africa is expected to witness a significant market growth due to the product demand as a water retention agent, and viscosity modifier is owing to the oil exploration & drilling activities in the GCC countries.
Competitive Analysis
Some of the manufacturers operating in the global monochloroacetic acid market are Akzo Nobel N.V. (Netherlands), CABB GmbH (Germany), Daicel Corporation (Japan), Denak Co., Ltd (Japan), The Dow Chemical Company (U.S.), PCC SE (Germany), Niacet (U.S.), Xuchang Dongfang Chemical Co. Ltd. (China), Shandong Minji Chemical Co., Ltd. (China), Shiv Chem Industries (India), Abhishek Impex (India), Merck KGaA (Germany), Jubilant Life Sciences Ltd. (India), Alfa Aesar, Thermo Fisher Scientific (U.S.), and anugrah IN-ORG(P) LIMITED (India).
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#monochloroaceticacidmarket#Globalmonochloroaceticacidmarket#monochloroaceticacidmarketTrends#monochloroaceticacidmarketResearch
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Monochloroacetic Acid Market Industry Analysis Report, Regional Outlook Application Growth Forecast To 2023
The global monochloroacetic acid (MCAA) market is having a prolific run at present and can expect a safe passage growth-wise is owing to its popularity in the agricultural sector. Monochloroacetic acid is a specialty organochlorine compound that is colorless, crystalline structured mass, and highly soluble in water.
The product is becoming widely popular in all the major agricultural countries where the cultivability and infertility of land are perturbing issues. The component is also required in the production of carboxyl methyl cellulose (CMC), a necessary water retention agent and viscosity modifier for oil drilling activities.
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The global monochloroacetic acid market is expecting robust growth with which it can exceed the expected market valuation during the forecast period (2017-2023), explains Market Research Future (MRFR). This extensively studied report encompasses segmental analysis depending on various parameters, drivers that can impact the global market significantly in the coming years, and the latest updates of different market players.
Market Segmentation:
MRFR segments the monochloroacetic acid market by form, application, and end-use industry for a better understanding of the market prospect in the coming years.
Based on the form, the monochloroacetic acid market can be segmented into crystalline, liquid, powdered, and flakes.
Based on the application, the monochloroacetic acid market includes carboxyl methyl cellulose, thioglycolic acid, thickening agent, surfactants, intermediates, and others. As a thickening agent, its utility in food & beverage industry is quite substantial.
The end-user segment of the monochloroacetic acid market comprises agrochemicals, pharmaceuticals, cosmetic & Personal care, textiles, plastics, oil & gas, and others. The component is witnessing significant traction from the agrochemicals sector and having a great run in the pharmaceuticals.
Regional Analysis
MRFR report region-specifically segments the monochloroacetic acid market into North America, Europe, Latin America, Asia Pacific (APAC), and the Middle East & Africa (MEA).
Growing demand from agriculture, textile, and pharmaceuticals are boosting the APAC market, riding on which the region is fetching the maximum market share. Furthermore, a lot of major companies are based out of India, China, and Japan which is substantially assisting the market in having unprecedented growth.
Competitive Analysis
Notable players of the monochloroacetic acid market as profiled in the report of MRFR are Akzo Nobel N.V. (Netherlands), The Dow Chemical Company (U.S.), CABB GmbH (Germany), Denak Co., Ltd (Japan), Daicel Corporation (Japan), PCC SE (Germany), Niacet (U.S.), Xuchang Dongfang Chemical Co. Ltd. (China), Shiv Chem Industries (India), Abhishek Impex (India), Shandong Minji Chemical Co., Ltd. (China), Jubilant Life Sciences Ltd. (India), Merck KGaA (Germany), Alfa Aesar, Thermo Fisher Scientific (U.S.), and Anugrah IN-ORG(P) LIMITED (India).
In 2018, PCC SE declared their plan to expand their monochloroacetic acid plant in Poland to keep up with the demand generated by various end-user industries. The production capacity would increase from 42,000 metric tons to 100,000 metric tons.
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#MonochloroaceticAcidMarket#GlobalMonochloroaceticAcidMarket#MonochloroaceticAcidMarketTrend#MonochloroaceticAcidMarketResearch
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The increasing demand for the product in pharmaceuticals and personal care products to offer proper texture is likely to drive the market growth over the assessment period, 2018-2023.
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Text
Monochloroacetic Acid Market Growing Trends and Demands Analysis Market size & Forecast to 2023
The global monochloroacetic acid market is segmented on the basis of the form, application, end-use industry, and region. On the basis of the form, the global monochloroacetic acid market is segmented into crystalline, liquid, powdered, and flakes. The crystalline form is extensively used due to its ease of handling and operation. Low cost with abundant availability is an added advantage to the crystalline form monochloroacetic acid market growth.
Request Free Sample Report@ https://www.marketresearchfuture.com/sample_request/5991
Various application of monochloroacetic acid includes carboxyl methyl cellulose, thioglycolic acid, thickening agents, surfactants, and intermediates among others. The carboxyl methyl cellulose (CMC) and thioglycolic acid together hold a major market share due to their extensive use as a plant stabilizer. Furthermore, the conversion of the monochloroacetic acid to carboxyl methyl cellulose results in byproduct sodium chloroacetate, which is used in herbicides and fungicides for crop protection. This is expected to drive the demand from the agriculture sector due to lack of arable land and high crop yield. Moreover, the thickening agent segment is highly used in pharmaceuticals and cosmetics & personal care products such as toothpaste and laxatives to stabilize the emulsions.
Based on the end-user industry, the market is segmented into agrochemicals, pharmaceuticals, cosmetic & personal care, oil & gas, textiles, plastics, and others. The increasing demand for the product in pharmaceuticals and personal care products to offer proper texture is likely to drive the market growth over the assessment period, 2018-2023.
Regional Analysis
The global monochloroacetic acid market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia Pacific was the leading region in 2016 on account of the high product demand from major end-use industries such as agrochemicals, pharmaceuticals, and textiles in the region.
North America accounted for the second largest region in the global monochloroacetic acid market due to the high demand from the pharmaceuticals and the cosmetic & personal care industry in the U.S. and Canada.
The European market is projected to witness a considerable growth on the backdrop of the growing pharmaceutical industry in the region.
The growing agriculture and personal care industries in the Latin American region are expected to drive the market growth during the forecast period.
The Middle East & Africa is expected to witness a significant market growth due to the product demand as a water retention agent, and viscosity modifier is owing to the oil exploration & drilling activities in the GCC countries.
Browse Report @ https://www.marketresearchfuture.com/reports/monochloroacetic-acid-market-5991
Competitive Analysis
Some of the manufacturers operating in the global monochloroacetic acid market are Akzo Nobel N.V. (Netherlands), CABB GmbH (Germany), Daicel Corporation (Japan), Denak Co., Ltd (Japan), The Dow Chemical Company (U.S.), PCC SE (Germany), Niacet (U.S.), Xuchang Dongfang Chemical Co. Ltd. (China), Shandong Minji Chemical Co., Ltd. (China), Shiv Chem Industries (India), Abhishek Impex (India), Merck KGaA (Germany), Jubilant Life Sciences Ltd. (India), Alfa Aesar, Thermo Fisher Scientific (U.S.), and anugrah IN-ORG(P) LIMITED (India).
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