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Global Monochloroacetic Acid Market - Segmented by Type, Application, and Geography - Growth, Trends and Forecast (2022 - 2030)
SKU ID : INH-13101791 | Publishing Date : 05-Apr-2018 | No. of pages : 137
The global monochloroacetic acid market is expected grow at a significant rate during the forecast period. The demand is driven by its usage involved in the production of glycine that is used in the manufacture of herbicides.
Monochloroacetic acid, the general industrial name for chloroacetic acid, is a colorless and crystalline structured mass, highly soluble in water. The chemical is reacted with ethanol, methanol, disulphide, chloroform, ether and a number of hydrocarbons and chlorinated-hydrocarbons, to make different solutions that find use in many applications. These are used in solid-crystallized, solid-flaked, powdered, and liquid forms.
Rise in Demand from Asia-Pacific Region
China alone holds more than half of the consumption of monochloroacetic acid. The largest demand is in the form of carboxy methyl cellulose (CMC), which is majorly produced by China. Moreover, China is the major producer of glyphosate herbicide, which uses glycine. The demand is expected to increase from the Asia-Pacific region, especially from China, India, Bangladesh, and the South-East Asian countries, in the coming years. The growth in population and increasing demand in the agro-based products are the major driving factors for the Asia-Pacific market.
Cellulose Application to Dominate the Market
The major application for monochloroacetic acid is production of Carboxymethylcellulose (CMC). It is used in numerous applications including, detergents, cosmetics & pharmaceuticals, etc. as thickening agent in aqueous systems. China in Asia-Pacific region is the largest producer of CMC followed by Western Europe. Furthermore, the usage of detergents is also increasing due to the increase in industrial activities, which is expected to boost the market for monochloroacetic acid.
Asia-Pacific to Dominate the Monochloroacetic Acid Market
Asia-Pacific, led mainly by China, emerged as a major monochloroacetic acid consumer, responsible for more than half of the global consumption. The growing demand from agrochemicals, surfactants, and pharmceuticals industry and rapid industrialization in China are expected to boost consumption rate, which will make the country a leading consumer of monochloroacetic acid.
India, is Asia’s third largest producer of chemicals with a market size of USD 139 billion exports ~34% from chemical industry, which majorly includes polymers & plastics, agrochemicals, dyes, and organic & inorganic chemicals. The country also stands as an important global player in organic, inorganic, and agrochemicals. The increase in industrial chemical and agrochemicals production in India will also contribute to the demand for MCA in the country.
Key Developments in the Market
May 2017: AkzoNobel and chemicals manufacturing company Atul, formally agreed to the joint venture partnership announced last year for the production of monochloroacetic acid (MCA) in India. The companies will establish a new plant at Atul’s facility in Gujarat by first quarter 2019, with each partner holding a 50% stake in the joint venture, to be registered as “ANAVEN”.
Major Players: Akzo Nobel N.V, Clariant Acetyl Building Blocks GmBH, Dow Chemical Company Shijiazhuang Hengyi Chemical and Henan HDF Chemical Company Limited amongst others.
Reason to Purchase this Report
To understand the impact of various product type on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating product type, and application in the market
Countries expected to witness the fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs
Monochloroacetic acid, the general industrial name for chloroacetic acid, is a colorless and crystalline structured mass, highly soluble in water. The chemical is reacted with ethanol, methanol, disulphide, chloroform, ether and a number of hydrocarbons and chlorinated-hydrocarbons, to make different solutions that find use in many applications. These are used in solid-crystallized, solid-flaked, powdered, and liquid forms.
Rise in Demand from Asia-Pacific Region
China alone holds more than half of the consumption of monochloroacetic acid. The largest demand is in the form of carboxy methyl cellulose (CMC), which is majorly produced by China. Moreover, China is the major producer of glyphosate herbicide, which uses glycine. The demand is expected to increase from the Asia-Pacific region, especially from China, India, Bangladesh, and the South-East Asian countries, in the coming years. The growth in population and increasing demand in the agro-based products are the major driving factors for the Asia-Pacific market.
Cellulose Application to Dominate the Market
The major application for monochloroacetic acid is production of Carboxymethylcellulose (CMC). It is used in numerous applications including, detergents, cosmetics & pharmaceuticals, etc. as thickening agent in aqueous systems. China in Asia-Pacific region is the largest producer of CMC followed by Western Europe. Furthermore, the usage of detergents is also increasing due to the increase in industrial activities, which is expected to boost the market for monochloroacetic acid.
Asia-Pacific to Dominate the Monochloroacetic Acid Market
Asia-Pacific, led mainly by China, emerged as a major monochloroacetic acid consumer, responsible for more than half of the global consumption. The growing demand from agrochemicals, surfactants, and pharmceuticals industry and rapid industrialization in China are expected to boost consumption rate, which will make the country a leading consumer of monochloroacetic acid.
India, is Asia’s third largest producer of chemicals with a market size of USD 139 billion exports ~34% from chemical industry, which majorly includes polymers & plastics, agrochemicals, dyes, and organic & inorganic chemicals. The country also stands as an important global player in organic, inorganic, and agrochemicals. The increase in industrial chemical and agrochemicals production in India will also contribute to the demand for MCA in the country.
Key Developments in the Market
May 2017: AkzoNobel and chemicals manufacturing company Atul, formally agreed to the joint venture partnership announced last year for the production of monochloroacetic acid (MCA) in India. The companies will establish a new plant at Atul’s facility in Gujarat by first quarter 2019, with each partner holding a 50% stake in the joint venture, to be registered as “ANAVEN”.
Major Players: Akzo Nobel N.V, Clariant Acetyl Building Blocks GmBH, Dow Chemical Company Shijiazhuang Hengyi Chemical and Henan HDF Chemical Company Limited amongst others.
Reason to Purchase this Report
To understand the impact of various product type on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating product type, and application in the market
Countries expected to witness the fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs
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