Monochloroacetic Acid Market Research Report – Forecast to 2030

Monochloroacetic Acid Market Research Report: By Form (Crystalline, Liquid), Application (Intermediates, Agrochemicals, Thickening Agent, Surfactants), End-Use Industry (Agriculture, Pharmaceuticals, Cosmetic & Personal Care) - Forecast Till 2030

ID: MRFR/CnM/4533-HCR | September 2022 | Region: Global | 100 Pages         

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Supply Chain Analysis

4.1.1 Raw Material Suppliers

4.1.2 Manufacturers/Producers

4.1.3 Distributors/Retailers/Wholesalers/E-commerce

4.1.4 End Users

4.2 Porter’s Five Forces Analysis

4.2.1 Threat of New Entrants

4.2.2 Bargaining Power of Buyers

4.2.3 Bargaining Power of Suppliers

4.2.4 Threat of Substitutes

4.2.5 Intensity of Competitive Rivalry

5 Market Dynamics of Global Monochloroacetic Acid Market

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

5.5 Challenges

5.6 Trends/Technology

6. Global Monochloroacetic Acid Market by Form

6.1 Introduction

6.2 Crystalline

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast by Region, 2020-2027

6.3 Liquid

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast by Region, 2020-2027

6.4 Powdered

6.4.1 Market Estimates & Forecast, 2020-2027

6.4.2 Market Estimates & Forecast by Region, 2020-2027

6.5 Flakes

6.5.1 Market Estimates & Forecast, 2020-2027

6.5.2 Market Estimates & Forecast by Region, 2020-2027

7. Global Monochloroacetic Acid Market, by Application

7.1 Introduction

7.2 Carboxyl Methyl Cellulose

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Thioglycol Acid

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.4 Thickening Agent

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Region, 2020-2027

7.5 Surfactants

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast by Region, 2020-2027

7.6 Intermediate

7.6.1 Market Estimates & Forecast, 2020-2027

7.6.2 Market Estimates & Forecast by Region, 2020-2027

7.7 Others

7.7.1 Market Estimates & Forecast, 2020-2027

7.7.2 Market Estimates & Forecast by Region, 2020-2027

8. Global Monochloroacetic Acid Market, by End-user industry

8.1 Introduction

8.2 Agrochemicals

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 Pharmaceuticals

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

8.4 Cosmetics & Personal Care

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Region, 2020-2027

8.5 Textiles

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Region, 2020-2027

8.6 Plastics

8.6.1 Market Estimates & Forecast, 2020-2027

8.6.2 Market Estimates & Forecast by Region, 2020-2027

8.7 Others

8.7.1 Market Estimates & Forecast, 2020-2027

8.7.2 Market Estimates & Forecast by Region, 2020-2027

9. Global Monochloroacetic Acid Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast by Form, 2020-2027

9.2.3 Market Estimates & Forecast by Application, 2020-2027

9.2.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.2.5 U.S.

9.2.5.1 Market Estimates & Forecast, 2020-2027

9.2.5.2 Market Estimates & Forecast by Form, 2020-2027

9.2.5.3 Market Estimates & Forecast by Application, 2020-2027

9.2.5.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.2.6 Canada

9.2.6.1 Market Estimates & Forecast, 2020-2027

9.2.6.2 Market Estimates & Forecast by Form, 2020-2027

9.2.6.3 Market Estimates & Forecast by Application, 2020-2027

9.2.6.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast by Form, 2020-2027

9.3.3 Market Estimates & Forecast by Application, 2020-2027

9.3.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.3.5 Germany

9.3.5.1 Market Estimates & Forecast, 2020-2027

9.3.5.2 Market Estimates & Forecast by Form, 2020-2027

9.3.5.3 Market Estimates & Forecast by Application, 2020-2027

9.3.5.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.3.6. France

9.3.6.1 Market Estimates & Forecast, 2020-2027

9.3.6.2 Market Estimates & Forecast by Form, 2020-2027

9.3.6.3 Market Estimates & Forecast by Application, 2020-2027

9.3.6.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.3.7 Italy

9.3.7.1 Market Estimates & Forecast, 2020-2027

9.3.7.2 Market Estimates & Forecast by Form, 2020-2027

9.3.7.3 Market Estimates & Forecast by Application, 2020-2027

9.3.7.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.3.8 Spain

9.3.8.1 Market Estimates & Forecast, 2020-2027

9.3.8.2 Market Estimates & Forecast by Form, 2020-2027

9.3.8.3 Market Estimates & Forecast by Application, 2020-2027

9.3.8.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.3.9 U.K.

9.3.9.1 Market Estimates & Forecast, 2020-2027

9.3.9.2 Market Estimates & Forecast by Form, 2020-2027

9.3.9.3 Market Estimates & Forecast by Application, 2020-2027

9.3.9.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.3.10 Russia

9.3.10.1 Market Estimates & Forecast, 2020-2027

9.3.10.2 Market Estimates & Forecast by Form, 2020-2027

9.3.10.3 Market Estimates & Forecast by Application, 2020-2027

9.3.10.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.3.11 Poland

9.3.11.1 Market Estimates & Forecast, 2020-2027

9.3.11.2 Market Estimates & Forecast by Form, 2020-2027

9.3.11.3 Market Estimates & Forecast by Application, 2020-2027

9.3.11.4 Market Estimates & Forecast by End-use Industry,2020-2027

9.4 Asia Pacific

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast by Form, 2020-2027

9.4.3 Market Estimates & Forecast by Application, 2020-2027

9.4.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.4.5 China

9.4.5.1 Market Estimates & Forecast, 2020-2027

9.4.5.2 Market Estimates & Forecast by Form, 2020-2027

9.4.5.3 Market Estimates & Forecast by Application, 2020-2027

9.4.5.3 Market Estimates & Forecast by End-use Industry, 2020-2027

9.4.6 India

9.4.6.1 Market Estimates & Forecast, 2020-2027

9.4.6.2 Market Estimates & Forecast by Form, 2020-2027

9.4.6.3 Market Estimates & Forecast by Application, 2020-2027

9.4.6.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.4.7 Japan

9.4.7.1 Market Estimates & Forecast, 2020-2027

9.4.7.2 Market Estimates & Forecast by Form, 2020-2027

9.4.7.3 Market Estimates & Forecast by Application, 2020-2027

9.4.7.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.4.8 Australia

9.4.8.1 Market Estimates & Forecast, 2020-2027

9.4.8.2 Market Estimates & Forecast by Form, 2020-2027

9.4.8.3 Market Estimates & Forecast by Application, 2020-2027

9.4.8.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.4.9 New Zealand

9.4.9.1 Market Estimates & Forecast, 2020-2027

9.4.9.2 Market Estimates & Forecast by Form, 2020-2027

9.4.9.3 Market Estimates & Forecast by Application, 2020-2027

9.4.9.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.4.10 Rest of Asia Pacific

9.4.10.1 Market Estimates & Forecast, 2020-2027

9.4.10.2 Market Estimates & Forecast by Form, 2020-2027

9.4.10.3 Market Estimates & Forecast by Application, 2020-2027

9.4.10.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast by Form, 2020-2027

9.5.3 Market Estimates & Forecast by Application, 2020-2027

9.5.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.5.5 Turkey

9.5.5.1 Market Estimates & Forecast, 2020-2027

9.5.5.2 Market Estimates & Forecast by Form, 2020-2027

9.5.5.3 Market Estimates & Forecast by Application, 2020-2027

9.5.5.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.5.6 Israel

9.5.6.1 Market Estimates & Forecast, 2020-2027

9.5.6.2 Market Estimates & Forecast by Form, 2020-2027

9.5.6.3 Market Estimates & Forecast by Application, 2020-2027

9.5.6.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.5.7 North Africa

9.5.7.1 Market Estimates & Forecast, 2020-2027

9.5.7.2 Market Estimates & Forecast by Form, 2020-2027

9.5.7.3 Market Estimates & Forecast by Application, 2020-2027

9.5.7.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.5.8 GCC

9.5.8.1 Market Estimates & Forecast, 2020-2027

9.5.8.2 Market Estimates & Forecast by Form, 2020-2027

9.5.8.3 Market Estimates & Forecast by Application, 2020-2027

9.5.8.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.5.9 Rest of Middle East & Africa

9.5.9.1 Market Estimates & Forecast, 2020-2027

9.5.9.2 Market Estimates & Forecast by Form, 2020-2027

9.5.9.3 Market Estimates & Forecast by Application, 2020-2027

9.5.9.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020-2027

9.6.2 Market Estimates & Forecast by Form, 2020-2027

9.6.3 Market Estimates & Forecast by Application, 2020-2027

9.6.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.6.5 Brazil

9.6.5.1 Market Estimates & Forecast, 2020-2027

9.6.5.2 Market Estimates & Forecast by Form, 2020-2027

9.6.5.3 Market Estimates & Forecast by Application, 2020-2027

9.6.5.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.6.6 Mexico

9.6.6.1 Market Estimates & Forecast, 2020-2027

9.6.6.2 Market Estimates & Forecast by Form, 2020-2027

9.6.6.3 Market Estimates & Forecast by Application, 2020-2027

9.6.6.6 Market Estimates & Forecast by End-use Industry, 2020-2027

9.6.7 Argentina

9.6.7.1 Market Estimates & Forecast, 2020-2027

9.6.7.2 Market Estimates & Forecast by Form, 2020-2027

9.6.7.3 Market Estimates & Forecast by Application, 2020-2027

9.6.7.4 Market Estimates & Forecast by End-use Industry, 2020-2027

9.6.8 Rest of Latin America

9.6.8.1 Market Estimates & Forecast, 2020-2027

9.6.8.2 Market Estimates & Forecast by Form, 2020-2027

9.6.8.3 Market Estimates & Forecast by Application, 2020-2027

9.6.8.4 Market Estimates & Forecast by End-use Industry, 2020-2027

10. Company Landscape

10.1 Introduction

10.2 Market Strategy

10.3 Key Development Analysis (Expansion/Merger & Acquisitions/Joint Venture/New Product Development/Agreement/Investment)

11. Company Profiles

11.1 Akzo Nobel N.V.

11.1.1 Company Overview

11.1.2 Financial Updates

11.1.3 Product/Business Segment Overview

11.1.4 Strategy

11.1.5 Key Developments

11.1.6 SWOT Analysis

11.2 CABB GmbH

11.2.1 Company Overview

11.2.2 Financial Updates

11.2.3 Product/Business Segment Overview

11.2.4 Strategy

11.2.5 Key Developments

11.2.6 SWOT Analysis

11.3 Daicel Corporation

11.3.1 Company Overview

11.3.2 Financial Updates

11.3.3 Product/Business Segment Overview

11.3.4 Strategy

11.3.5 Key Developments

11.3.6 SWOT Analysis

11.4 Denak Co., Ltd

11.4.1 Company Overview

11.4.2 Financial Updates

11.4.3 Product/Business Segment Overview

11.4.4 Strategy

11.4.5 Key Developments

11.4.6 SWOT Analysis

11.5 The Dow Chemical Company

11.5.1 Company Overview

11.5.2 Financial Updates

11.5.3 Product/Business Segment Overview

11.5.4 Strategy

11.5.5 Key Developments

11.5.6 SWOT Analysis

11.6 PCC SE

11.6.1 Company Overview

11.6.2 Financial Updates

11.6.3 Product/Business Segment Overview

11.6.4 Strategy

11.6.5 Key Developments

11.6.6 SWOT Analysis

11.7 Niacet

11.7.1 Company Overview

11.7.2 Financial Updates

11.7.3 Product/Business Segment Overview

11.7.4 Strategy

11.7.5 Key Developments

11.7.6 SWOT Analysis

11.8 Xuchang Dongfang Chemical Co. Ltd.

11.8.1 Company Overview

11.8.2 Financial Updates

11.8.3 Product/Business Segment Overview

11.8.4 Strategy

11.8.5 Key Developments

11.8.6 SWOT Analysis

11.9 Shandong Minji Chemical Co., Ltd.

11.9.1 Company Overview

11.9.2 Financial Updates

11.9.3 Product/Business Segment Overview

11.9.4 Strategy

11.9.5 Key Developments

11.9.6 SWOT Analysis

11.10 Shiv Chem Industries

11.10.1 Company Overview

11.10.2 Financial Updates

11.10.3 Product/Business Segment Overview

11.10.4 Strategy

11.10.5 Key Developments

11.10.6 SWOT Analysis

11.11 Abhishek Impex

11.11.1 Company Overview

11.11.2 Financial Updates

11.11.3 Product/Business Segment Overview

11.11.4 Strategy

11.11.5 Key Developments

11.11.6 SWOT Analysis

11.12 Merck KGaA

11.12.1 Company Overview

11.12.2 Financial Updates

11.12.3 Product/Business Segment Overview

11.12.4 Strategy

11.12.5 Key Developments

11.12.6 SWOT Analysis

11.13 Jubilant Life Sciences Ltd.

11.13.1 Company Overview

11.13.2 Financial Updates

11.13.3 Product/Business Segment Overview

11.13.4 Strategy

11.13.5 Key Developments

11.13.6 SWOT Analysis

11.14 Alfa Aesar, Thermo Fisher Scientific

11.14.1 Company Overview

11.14.2 Financial Updates

11.14.3 Product/Business Segment Overview

11.14.4 Strategy

11.14.5 Key Developments

11.14.6 SWOT Analysis

11.15 anugrah IN-ORG(P) LIMITED

11.15.1 Company Overview

11.15.2 Financial Updates

11.15.3 Product/Business Segment Overview

11.15.4 Strategy

11.15.5 Key Developments

11.15.6 SWOT Analysis

12. Conclusion

LIST OF TABLES


Table 1 Global Monochloroacetic Acid market: By Region, 2020-2027

Table 2 North America Monochloroacetic Acid market: By Country, 2020-2027

Table 3 Europe Monochloroacetic Acid market: By Country, 2020-2027

Table 4 Asia-Pacific Monochloroacetic Acid market: By Country, 2020-2027

Table 5 Middle East & Africa Monochloroacetic Acid market: By Country, 2020-2027

Table 6 Latin America Monochloroacetic Acid market: By Country, 2020-2027

Table 7 Global Monochloroacetic Acid Form Market: By Regions, 2020-2027

Table 8 North America Monochloroacetic Acid Form Market: By Country, 2020-2027

Table 9 Europe Monochloroacetic Acid Form Market: By Country, 2020-2027

Table10 Asia-Pacific Monochloroacetic Acid Form Market: By Country, 2020-2027

Table11 Middle East & Africa Monochloroacetic Acid Form Market: By Country, 2020-2027

Table12 Latin America Monochloroacetic Acid Form Market: By Country, 2020-2027

Table13 Global Monochloroacetic Acid Application Market: By Regions, 2020-2027

Table14 North America Monochloroacetic Acid by Application Market: By Country, 2020-2027

Table15 Europe Monochloroacetic Acid Application Market: By Country, 2020-2027

Table16 Asia-Pacific Monochloroacetic Acid Application Market: By Country, 2020-2027

Table17 Middle East & Africa Monochloroacetic Acid Application Market: By Country, 2020-2027

Table18 Latin America Monochloroacetic Acid Application Market: By Country, 2020-2027

Table19 Global Monochloroacetic Acid End-use Industry Market: By Regions, 2020-2027

Table20 North America Monochloroacetic Acid End-use Industry Market: By Country, 2020-2027

Table21 Europe Monochloroacetic Acid End-use Industry Market: By Country, 2020-2027

Table22 Asia-Pacific Monochloroacetic Acid End-use Industry Market: By Country, 2020-2027

Table23 Middle East & Africa Monochloroacetic Acid End-use Industry Market: By Country, 2020-2027

Table24 Latin America Monochloroacetic Acid End-use Industry Market: By Country, 2020-2027

Table25 Global Form Market: By Region, 2020-2027

Table26 Global Application Market: By Region, 2020-2027

Table27 Global End-use Industry Market: By Region, 2020-2027

Table28 North America Monochloroacetic Acid market, By Country

Table29 North America Monochloroacetic Acid market, By Form

Table30 North America Monochloroacetic Acid market, By Application

Table31 North America Monochloroacetic Acid market, By End-use Industry

Table32 Europe: Monochloroacetic Acid market, By Country

Table33 Europe: Monochloroacetic Acid market, By Form

Table34 Europe: Monochloroacetic Acid market, By Application

Table35 Europe: Monochloroacetic Acid market, By End-use Industry

Table36 Asia-Pacific: Monochloroacetic Acid market, By Country

Table37 Asia-Pacific: Monochloroacetic Acid market, By Form

Table38 Asia-Pacific: Monochloroacetic Acid market, By Application

Table39 Asia-Pacific: Monochloroacetic Acid market, By End-use Industry

Table40 Middle East & Africa: Monochloroacetic Acid market, By Country

Table41 Middle East & Africa Monochloroacetic Acid market, By Form

Table42 Middle East & Africa Monochloroacetic Acid market, By Application

Table43 Middle East & Africa: Monochloroacetic Acid market, By End-use Industry

Table44 Latin America: Monochloroacetic Acid market, By Country

Table45 Latin America Monochloroacetic Acid market, By Form

Table46 Latin America Monochloroacetic Acid market, By Application

Table47 Latin America: Monochloroacetic Acid market, By End-use Industry

LIST OF FIGURES

FIGURE 1 Global Monochloroacetic Acid market segmentation

FIGURE 2 Forecast Printing methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Monochloroacetic Acid market

FIGURE 4 Value Chain of Global Monochloroacetic Acid market

FIGURE 5 Share of Global Monochloroacetic Acid market in 2020, by country (in %)

FIGURE 6 Global Monochloroacetic Acid market, 2020-2027,

FIGURE 7 Global Monochloroacetic Acid market size by Form, 2020

FIGURE 8 Share of Global Monochloroacetic Acid market by Form, 2020-2027

FIGURE 9 Global Monochloroacetic Acid market size by Application, 2020

FIGURE 10 Share of Global Monochloroacetic Acid market by Application, 2020-2027

FIGURE 11 Global Monochloroacetic Acid market size by End-use Industry, 2020

FIGURE 12 Share of Global Monochloroacetic Acid market by End-use Industry, 2020-2027

Monochloroacetic Acid Market

The global Monochloroacetic Acid Market estimated at US$786.8 Million in the year 2021, is projected to reach a revised size of US$918.9 Million by 2030, growing at a CAGR of 2.5% over the analysis period 2021-2030.

Segmentation

By Form Crystalline Liquid
By Application Intermediates Agrochemicals Thickening Agent Surfactants
End-Use Industry Agriculture Pharmaceuticals Cosmetic & Personal Care

Key Players

  • 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.)
  • anugrah IN-ORG(P) LIMITED (India)

Drivers

  • The increasing demand for cosmetic & personal care products across the globe
  • Due to increasing awareness amongst the consumer is expected to fuel the market growth
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Monochloroacetic Acid Market Overview
 
The global Monochloroacetic Acid Market estimated at US$786.8 Million in the year 2021, is projected to reach a revised size of US$918.9 Million by 2030, growing at a CAGR of 2.5% over the analysis period 2021-2030.

Monochloroacetic acid (MCAA), also known by another name called chloroacetic acid, is a specialty organochlorine compound. It is a structured crystalline mass, colorless, highly soluble in water. The global monochloroacetic acid market is mainly driven owing to the rising demand for agrochemicals in major agricultural countries like India, Brazil, China, and many others. Lack of cultivable land and infertility of soil are the major key drivers of the global monochloroacetic acid market.

 
Furthermore, monochloroacetic acid produces carboxyl methylcellulose (CMC), which is required in bulk for oil drilling activities such as a viscosity modifier. Also, the water retention agent is likely to be used to drive the market growth over the assessment period. Additionally, the product holds an essential position in the pharmaceutical industry. Moreover, it is used for producing drugs such as maleates, diclofenac sodium, n-glycine, ibuprofen, and many others.
 
The product is primarily used as a thickening agent. It also offers proper texture to cosmetics and personal care products. The increasing demand for cosmetic & personal care products across the globe leads to increasing awareness amongst the consumer, which further anticipates fueling the market growth. Moreover, the product is used to process PVC resins. And hence it is likely to propel the product demand in the plastic industry.
 
However, fluctuations in the prices pose as a challenge to the market growth over the assessment period. Depleting oil & gas reserves is another concern that may restrain the market growth.

Global Monochloroacetic Acid, by the Application (%)


 Monochloroacetic Acid


Source: MRFR analysis


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 accounted for a major share of the global monochloroacetic acid in 2016 owing to high demand from the various end-use industries such as agrochemicals, pharmaceuticals, and textiles. The sanguine demand for agrochemicals on the backdrop of increasing agricultural activities in Association of Southeast Asian Nations (ASEAN), China, and India is expected to boost the MCAA demand in Asia Pacific market.


North America was the second largest region in the global monochloroacetic acid market on account of high demand from the pharmaceuticals and cosmetic & personal care industry. The rapid rise in the agriculture sector in the U.S. is an underlying driver of the market.


Europe is expected to grow at a considerable CAGR on account of the high production from the pharmaceutical industry in the region.


Latin America is expected to witness a significant growth due to the growing agriculture and personal care industries in the region.


Increasing product demand as a water retention agent and viscosity modifier in exploration & drilling of oil deposits is likely to drive the market in GCC countries in the Middle East region.


Segmentation


The global monochloroacetic acid market is segmented on the basis of 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 global monochloroacetic acid market is segmented on the basis of the application as carboxyl methyl cellulose, thioglycolic acid, thickening agent, surfactants, intermediates, and others.


On the basis of the end-user industry, the global monochloroacetic acid market is segmented into agrochemicals, pharmaceuticals, cosmetic & personal care, oil & gas, textiles, plastics, and others. Key Players 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).

Recent Development


A German-based manufacturer of MCAA, called CABB, entered into a joint venture with Jining Gold Power, China, in April 2016 to strengthen their foothold in the Asian market.
 
AkzoNobel and Atul Ltd agreed to a joint venture partnership to produce monochloroacetic acid in India to establish a new plant at Atul’s facility in Gujarat, increasing market growth.

Intended Audience



  • Monochloroacetic acid Manufacturers

  • Traders and distributors of monochloroacetic acid

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory



Report Scope:

Report Attribute/Metric Details
  Market Size   2030 : USD 918.9 Million
  CAGR   2.5% (2022- 2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Form, Application, End-Use Industry and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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).
  Key Market Opportunities   The product is used in the processing of PVC resins, which is likely to propel the product demand in the plastic industry.
  Key Market Drivers   The increasing demand for cosmetic & personal care products across the globe due to increasing awareness amongst the consumer is expected to fuel the market growth


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Frequently Asked Questions (FAQ) :

Monochloroacetic acid, also known as chloroacetic acid, is a colorless, crystalline specialty organochlorine compound.

Major applications of monochloroacetic acid include the production of agrochemicals and the production of CMC, which is widely used in the oil and gas industry.

Growing demand for agrochemicals is likely to be the major driver for the monochloroacetic acid market.

Asia Pacific accounts for the largest share in the global monochloroacetic acid market due to the growing agrochemicals industry in the region.

Leading players in the monochloroacetic acid market include Dow, AkzoNobel, and Niacet, among others.