MARKET INTRODUCTION
Monochloroacetic acid is a colorless crystalline substance that shows high solubility in water and moderate solubility in organic solvents. It is synthesized by the chlorination of acetic acid or hydrolysis of trichloroethene using sulfuric acid. Monochloroacetic acid and its sodium salt, sodium monochloroacetate is chiefly used in the commercial production of cosmetics, pharmaceutical intermediates and chemicals, plastics, herbicides, surfactants, and other chemicals
MARKET DYNAMICS
Monochloroacetic acid is an essential chemical intermediate in the production of carboxymethyl cellulose (CMC) and polyanionic cellulose (PAC), which are used as a thickening agent in oil, food, detergents, adhesives, personal care products, mining, etc. The burgeoning demand for carboxy methylcellulose owing to surge in iron ore mining activities, rise in oil drilling operations, growing demand for cosmetics, pharmaceutical drugs, and detergents, and the increased use of recycled paper is likely to spur the growth of intermediate chemicals such as monochloroacetic acid and their salts. Moreover, the growing demand for end-products such as Dimethoate, 2-Methyl-4-Chlorophenoxy-acetic acid (MCPA), and glyphosate used in the crop protection is expected to drive the demand for monochloroacetic acid and other chemical intermediates used in their production.
MARKET SCOPE
The "Global Monochloroacetic Acid Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the monochloroacetic acid market with detailed market segmentation by product form, application, end-use industry, and geography. The global monochloroacetic acid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading monochloroacetic acid market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global monochloroacetic acid market is segmented on the basis of product form, application, and end-use industry. On the basis of product form, the monochloroacetic acid market is segmented into, crystalline, liquid, and flakes. On the basis of application, the market is bifurcated into, carboxymethylcellulose (CMC), agrochemicals, surfactants, thioglycolic acid (TGA), and others. Based on end-use industry, the global monochloroacetic acid market is segmented into, pharmaceuticals, chemical, food and beverages, agriculture, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global monochloroacetic acid market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The monochloroacetic acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the monochloroacetic acid market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the monochloroacetic acid market in these regions.
MARKET PLAYERS
The reports cover key developments in the monochloroacetic acid market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from monochloroacetic acid market are anticipated to lucrative growth opportunities in the future with the rising demand for monochloroacetic acid in the global market. Below mentioned is the list of few companies engaged in the monochloroacetic acid market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the monochloroacetic acid market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Akzo Nobel N.V
- Archit Organosys Limited
- CABB GmbH
- Daicel Corporation
- Denak Co., Ltd.
- Kaifeng Dongda Chemical Company
- Meridian Chem Bond Pvt. Ltd.
- Niacet Corporation
- S R Drugs & Intermediates Private Limited
- Shandong Minji Chemical
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.