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Monochloroacetic Acid Market growth will be propelled by increasing demand in the agrochemical and thioglycolic acid by 2024

Author : Ronak Bora | Published Date : 2019-04-09 

The major application for monochloroacetic acid market are surfactants, cellulosics, agrochemical and thioglycolic acid(TGA). There is a substantial demand for cellulosics in the market which will promote growth at the rate of 4.5% over the forecast period. The market will be dominated by surfactants segment owing to increasing application in personal care and household products. Moreover, surfactants segment is projected to cross USD 175 million by 2024.

 

2016 Market Size – USD 900 Million

Compound annual Growth Rate (CAGR)- 4%

2024 Forecast Value – USD 1.2 Billion

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Rapidly growing application in end-user industries such as pharmaceutical, paper, textiles, personal care, food & beverages and oil & gas is fueling the market growth. Growth in textile and food industry owing to shift in consumer fashion trend and consumption pattern towards packaged food products respectively is boosting the monochloroacetic acid market in the forecast timespan.

Highlights of this report: 

Base Year: 2017

Growth Projections – 2017-2024

Historical data coverage:  2013 to 2016

 

Number of Pages – 140

Data Tables – 195

Monochloroacetic acid chemical compound is primarily used for producing carboxymethyl cellulosics. Growing demand for carboxymethyl cellulosics in oil drilling activities, is increasing the market growth for monochloroacetic acid. Carboxymethyl cellulosics several applications in food industry for the purpose of thickening, modifying viscosity, and emulsifying stabilizer is driving the monochloroacetic acid (MCAA) market growth.

Growth Drivers of Monochloroacetic Acid Market:

  1. Rising monochloroacetic acid demand in China and India

 

  1. Rising agrochemicals demand in the U.S. and BRICS nations

 

  1. Growing demand for carboxymethyl cellulose in oil drilling activities

Companies Profiled based on Business Overview, Financial Data, Product Landscape, Strategic Outlook & SWOT Analysis:

  • AkzoNobel
  • CABB
  • Daicel Corporation
  • Denak Co., Ltd
  • The Dow Chemical Company
  • PCC Energy Group
  • Niacet
  • Xuchang Dongfang Chemical Co. Ltd.
  • Shandong Minji Chemical Co.,Ltd
  • Shiv Chem Industries - India
  • Abhishek Impex
  • Merck
  • Jubilant Life Sciences Ltd.
  • Alfa Aesar
  • Anugrah In-Org (P) Limited
  • S.R. DRUGS AND INTERMEDIATES PVT.LTD.
  • Swati Chemical Industries

Ethanol and ascetic acid are major component for producing monochloroacetic acid, these component are derived from crude oil. Fluctuation in crude oil prices owing to lower demand and greater supply of oil will adversely affect the manufacturing prices of the Monochloroacetic acid. This factor may pose as a challenge for the growing monochloroacetic acid market in forecast period.

Monochloroacetic Acid market Segmentation:

Chapter 4. Monochloroacetic Acid Market, By Process

4.1. Global monochloroacetic acid (MCAA) market share by process, 2016 & 2024

4.2. Chlorination

4.2.1.   Market estimates and forecasts, 2013 - 2024

4.2.2.   Market estimates and forecasts by region, 2013 – 2024

4.3. Hydrolysis

4.3.1.   Market estimates and forecasts, 2013 - 2024

4.3.2.   Market estimates and forecasts by region, 2013 – 2024

Chapter 5. Monochloroacetic Acid (MCAA) Market, By Product

5.1. Global monochloroacetic acid MCAA market share by product, 2016 & 2024

5.2. Dry powder

5.2.1.   Market estimates and forecasts, 2013 - 2024

5.2.2.   Market estimates and forecasts by region, 2013 – 2024

5.3. Liquid

5.3.1.   Market estimates and forecasts, 2013 - 2024

5.3.2.   Market estimates and forecasts by region, 2013 – 2024

5.4. Pellets

5.4.1.   Market estimates and forecasts, 2013 - 2024

5.4.2.   Market estimates and forecasts by region, 2013 – 2024

Chapter 6. Monochloroacetic Acid (MCAA) Market, By Application

6.1. Global monochloroacetic acid MCAA market share by application, 2016 & 2024

6.2. Cellulosics

6.2.1.   Market estimates and forecasts, 2013 - 2024

6.2.2.   Market estimates and forecasts by region, 2013 – 2024

6.3. Agrochemicals

6.3.1.   Market estimates and forecasts, 2013 - 2024

6.3.2.   Market estimates and forecasts by region, 2013 – 2024

6.4. Surfactants

6.4.1.   Market estimates and forecasts, 2013 - 2024

6.4.2.   Market estimates and forecasts by region, 2013 – 2024

6.5. Thioglycolic Acid

6.5.1.   Market estimates and forecasts, 2013 - 2024

6.5.2.   Market estimates and forecasts by region, 2013 – 2024

6.6. Others (cyanoacetic acid, phenoxyacetic acid, etc.)

6.6.1.   Market estimates and forecasts, 2013 - 2024

6.6.2.   Market estimates and forecasts by region, 2013 – 2024

 

Browse complete table of content of this report @ www.gminsights.com/toc/detail/monochloroacetic-acid-MCAA-market

 

Research Methodology:

At Global Market Insights, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc.  Primary objectives of data mining include:

  • Definition and scope of research
  • Market dynamics, growth drivers and industry pitfalls
  • Regulatory and political guidelines for the industry
  • Demographics and statistical data

All the above factors are identified and analyzed in detail, with their present and expected market impact, which is quantified and used to derive market growth expectation. Market forecast is built using statistical analysis with models built around time-variance, regression and correlation analytics.

Significant emphasis is put on primary research, which serves the dual role or not only validating our findings but also obtaining penetrating market insights, which help us gain more clarity regarding business environment and competitive leverage. Notable participants in our primary research process include:

  • Leadership figures such as CEOs, CSOs, VPs etc. in key companies
  • Supply-chain participants, distributors and domain experts
  • Key customers and B2B clients

 

Related Report:

Fluorochemicals Market Growth Factors, Applications, Regional Analysis, Key Players and Forecasts by 2024

https://www.fractovia.org/news/fluorochemicals-market-share/201

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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