Monochloroacetic Acid Market To Witness Significant Growth By 2020-2026 with prominent key players- AkzoNobel N.V., CABB GmbH, Daicel Corporation. etc

The global monochloroacetic acid market is forecast to reach USD 1.10 Billion by 2026, according to a new report by Reports and Data. Monochloroacetic acid (MCAA) is a colorless material, which is highly soluble in water and in organic solvents. The vapor pressure at room temperature is moderate. It has a pungent odor. MCAA being acidic, therefore, can cause skin irritation upon contact with a MCAA solution and can cause skin corrosion and conjunctival burns upon contact with more concentrated solutions. The systemic toxicity of MCAA is caused by inhibition of certain enzymes of the glycolytic cycle.

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The major industrial use of Monochloroacetic acid is in the manufacture of carboxymethyl cellulose (CMC). CMC is used in a broad range of applications, including textiles, food, detergents, pharmaceuticals, drilling muds, coatings, and cosmetics. The market for Monochloroacetic acids is influenced by the rising demand for home cleaning products, the evolution of environment friendly chemicals required by textile industries, and the development of pharmaceutical industries, which require large Monochloroacetic acids.

Companies considered and profiled in this market study
AkzoNobel N.V., CABB GmbH, Daicel Corporation, Denak Co. Ltd., The Dow Chemical Company, PCC SE, Niacet Corporation, Xuchang Dongfang Chemical Co. Ltd., Shandong Minji Chemical Co. Ltd., and Shiv Chem Industries, among others.
The companies have adopted various strategies, including mergers, acquisitions, and partnerships to hold ongoing trails and come up with new developments in the market.

For the purpose of this report, Reports and Data have segmented into the global Monochloroacetic Acid Market on the basis of process type, product type, applications, and region:

Process Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
Chlorination
Hydrolysis

Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
Dry Powder
Liquid
Pellets
Others

Applications Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
Cellulosics
Agrochemicals
Surfactants
Thioglycolic Acid
Others

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Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
North America
Europe
Asia Pacific
MEA
Latin America

Further key findings from the report suggest
1. Hydrolysis procedure is utilized in the production of Monochloroacetic acid, which is seen to observe a CAGR of 3.4% in the forecast period. The hydrolysis of trichloroethylene produces high-purity Monochloroacetic acid but has the drawback of utilizing a relatively more expensive starting material.

2. MCA is used to make surfactants, particularly mild betaine amphoteric surfactants. In the textile industry, a surfactant is used for processes such as scouring, dyeing, and finishing. Surfactants are estimated to have a CAGR of 4.3% during the forecast period.

3. Cellulosics have held a market share of 31.2% in the year 2018. Cellulosic is a polysaccharide that comprises of glucose monomers and is the main constituent of the cell walls of plants. It is usable in the manufacture of numerous products, including paper, textiles, pharmaceuticals, and insulation.

4. Asia Pacific is forecasted to witness the highest CAGR of 4.2% during the forecast period. Countries like India, China, and Japan are rapidly catching up with the growth in the Monochloroacetic acid market. Agrochemical production and chemical consumption have increased in this region.

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Aims of the study
1. To curate a concise report of the market, highlighting the key vendors and significant changes observed in the market
2. Examine the existing and emergent trends and promising technological innovations in the market
3. Assessment of market values, modeled values, and international trade values, to deduce the market volume
4. Offered research-backed insights for the parent market, cost analysis, and prevailing industry trends
5. Calculate capacity utilization rate

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