Monochloroacetic Acid Market To Witness Significant Growth By 2020-2026 with prominent key players Akzo Nobel N.V., CABB GmbH, Nufarm Limited

Monochloroacetic acid (MCAA) is a special organochlorine compound that is also recognized as chloroacetic acid. It is the construction stone in organic synthesis and is therefore used in the production of multiple chemical compounds, medicines, and agrochemicals. Large quantities of MCAA are absorbed in the manufacture of carboxymethylcellulose (CMC), thioglycolic acid, USP grade glycine, and technical grade glycine, an important precursor in the production of glyphosate.

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Understanding the chemistry and uses of monochloroacetic acid-
The pharmaceutical industry has enormous utilization for monochloroacetic acid. It is used for the production of maleanate, ibuprofen, n-glycine, dichlophenac acid, and vitamins. Monochloroacetic substances are an incredibly potent topical keratolytic and caustic substance used in various medications for the treatment of skin lesions, veruccae, and atherosclerosis. Growing demographic aging instances in countries such as the U.S. and Japan are expected to occur in the development of the medical industry and thus help the general development of the market. This acid is also used in various chemical industries. Monochloroacetic acid is transformed into sodium chloroacetate, and then connected with alkali cellulose to carboxy magnesium cellulose (CMC). Sodium chloroacetate is utilized as a by-product of monochloroacetic acid in herbicides.

Expanding herbicide requirements is expected to boost the development of the monochloroacetic acid industry worldwide. Other chemicals that require this acid in their manufacture include mercapto acetic acid, carcosins, glycolic acid, chloroacetamides, substituted guar-gums, chloroacetic acid esters, coumarin, phenoxy acetic acid, barbituric acid, cyanoacetic acid, ethylene diamine etetra acetic acid, malonic acid, amino acetic acids and malono nitrite.

Significant Factors Impacting Market Growth:
o The rise in demand for agrochemicals
o CMC witnessing as a rise in demand
o Negative effects of exposure to MCAA

Regional distribution and potential areas for growth:
On the basis of the region, the monochloroacetic acid market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. Traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on are also North America and Western Europe being some of the major markets. Major North American and Western European companies are headquartered in this market. These regions have witnessed a number of transitions by end-use industries in terms of the production of chemicals and their respective applications.
The Asia Pacific and the Middle East are expected to register substantial growth in monochloroacetic acid market during the forecast period. This demand is with regard to the growth of major applications such as CMC, Agrochemicals, Surfactants, TGA, Others. Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on.

Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential for monochloroacetic acid market. There has been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for monochloroacetic acid market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Akzo Nobel N.V.
2. CABB GmbH
3. Nufarm Limited
4. Niacet Corporation
5. Jubilant Life Sciences Limited
6. Shandong Minji Chemical Co. Ltd.
7. Archit Organosys Ltd.
8. IOL Chemicals and Pharmaceuticals Limited
9. Meridian Chem Bond Pvt. Ltd.
10. S.R. Drugs
11. and Intermediates Pvt. Ltd.

Market Segmentation:
By Product form:
o Crystalline
o Liquid
o Flakes
By Application:
o CMC
o Agrochemicals
o Surfactants
o TGA
o Others
By Region:
o North America
o By Country (US, Canada, Mexico)
o By Product Form
o By Application
o Western Europe
o By Country (Germany, UK, France, Spain, Rest of Western Europe)
o By Product Form
o By Application
o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Product Form
o By Application
o Asia Pacific
o By Country (China, Japan, India, Rest of Asia Pacific)
o By Product Form
o By Application
o Middle East
o By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
o By Product Form
o By Application
o Rest of the World
o By Region (South America, Africa)
o By Product Form
o By Application

Reasons To Buy This Report:
o Market size estimation of the Monochloroacetic Acid Market on a regional and global basis.
o The unique research design for market size estimation and forecast.
o Profiling of major companies operating in the market with key developments.
o Broad scope to cover all the possible segments helping every stakeholder in the market.

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This release was published on openPR.