openPR Logo
Press release

Monochloroacetic Acid Market By Type, By Manufacturers, Regions, Industry Analysis & Forecast By 2024

Monochloroacetic Acid Market By Type, By Manufacturers,

According to a new report by Persistence Market Research titled “Monochloroacetic Acid (MCAA) Market: Global Industry Analysis and Forecast, 2016–2024”, the global consumption of monochloroacetic acid is estimated to be 823.1 Kilotons in 2016 and is anticipated to increase to 1,127.9 Kilotons by the end of 2024, registering a volume CAGR of 4.0% over the forecast period (2016 – 2024).

Request For Report Sample@ https://www.persistencemarketresearch.com/samples/12004

Market dynamics

The global monochloroacetic acid market is mainly driven by increasing demand for the production of carboxymethylcellulose, thioglycolic acid, and glycine. Monochloroacetic acid (MCAA) is a major building block in organic synthesis and hence the demand for MCAA as an intermediate in the chemical, pharmaceutical, food & beverages, and personal care industries is expected to boost the growth of the global monochloroacetic acid market during the forecast period. However, emerging alternatives for monochloroacetic acid in agrochemicals production such as pyridine to produce symtet is posing a challenge to the global monochloroacetic acid market to some extent. A recent trend observed in the global monochloroacetic acid market is the capacity expansions by key market players and new market entrants in monochloroacetic acid production through consolidation of backward vertical integrated operations.

Market forecast

The global monochloroacetic acid market is segmented on the basis of Application (Production of Chemical Compounds, Drugs, Herbicides & Insecticides, Others (Indigo Dyes, Amphoteric Surfactants)); End Use Industry (Pharmaceutical Industry, Chemical Industry, Food & Beverages Industry, Personal Care Industry, Others (Oil & Gas Industry)); and Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA)). By application, the Production of Chemical Compounds segment is estimated to dominate the global monochloroacetic acid market with 52.9% share in terms of revenue by 2016 end. The Herbicides & Insecticides segment is projected to create incremental opportunity of US$ 62.2 Mn in the global monochloroacetic acid market between 2016 and 2024. By end use industry, the Chemical Industry segment is projected to create incremental opportunity of US$ 142.3 Mn in the global monochloroacetic acid market between 2016 and 2024. The Pharmaceutical Industry segment is expected to increase 1.8X over the forecast period to be valued at US$ 117.6 Mn by the end of 2024.

Among regions, Asia Pacific is estimated to be valued at US$ 329.5 Mn by the end of 2016 and is expected to increase to US$ 513.3 Mn by the end of 2024, registering a CAGR of 5.7% during the forecast period. Asia Pacific is expected to be the most attractive region for monochloroacetic acid in the global monochloroacetic acid market during the forecast period. Sales of monochloroacetic acid in North America was valued at US$ 36.4 Mn in 2015 and is projected to increase 1.3X over the forecast period to be valued at US$ 49.2 Mn by the end of 2024. The monochloroacetic acid market in North America is mainly propelled by a rising demand from the pharmaceutical industry. The Europe monochloroacetic acid market is estimated to account for a value share of 20.2% in the global monochloroacetic acid market by the end of 2016. Stringent government regulations pertaining to the use of agrochemicals in Europe is likely to hinder the growth of the monochloroacetic market in Europe.

Request Report Methodology@ https://www.persistencemarketresearch.com/methodology/12004

Company Profiles

AkzoNobel N.V.
CABB Group
Nufarm Limited
Niacet Corporation
Jubilant Life Sciences Limited
Shandong Minji Chemical Co.,Ltd.
Archit Organosys Limited
IOL Chemicals & Pharmaceuticals Limited
Meridian Chem Bond Pvt. Ltd.
S.R.Drugs and Intermediates Pvt. Ltd.
For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/12004

CONTACT:
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

ABOUT US:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Monochloroacetic Acid Market By Type, By Manufacturers, Regions, Industry Analysis & Forecast By 2024 here

News-ID: 2174754 • Views:

More Releases from Persistence Market Research

North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and
Global Forged Automotive Components Market Poised for Steady Growth, Projected to Reach US$ 70.7 Billion by 2032
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts. Forged automotive components are critical to
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ 2.14 Billion by 2032, Reports Persistence Market Research
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Driven by Urbanization and Demographic Trends
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring

All 5 Releases


More Releases for Industry

Hydro Lubricants Market Size, Analysis, and Forecast Report 2018 to 2026(By Indu …
The rising demand for hydro lubricants from manufacturing sector is also multiplying at a faster rate, on the back of their competency in upgrading the service-life of machinery. The hydro lubricants market is primarily driven on account of its low-friction attributes, which makes it highly likely to outshine the synthetic variants. Moreover, the demand for hydro lubricants for machinery assemblies is on the rise, as they facilitate in minimizing
Hydro Lubricants Market Insights, Trends & Future Development Status Recorded du …
The rising demand for hydro lubricants from manufacturing sector is also multiplying at a faster rate, on the back of their competency in upgrading the service-life of machinery. The hydro lubricants market is primarily driven on account of its low-friction attributes, which makes it highly likely to outshine the synthetic variants. Moreover, the demand for hydro lubricants for machinery assemblies is on the rise, as they facilitate in minimizing
Global Pyrite Market 2019 | Applications: Jewelry Industry, Sulfur Compounds Ind …
The major factor driving the pyrite market is the rising demand of jewelry and sulfur compounds market. This report researches the worldwide Pyrite market size (value, capacity, production, and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions. This study categorizes the global Pyrite breakdown data by manufacturers, region, type, and application, also analyzes the market status, market share, growth rate, future trends, market
Lipase Enzymes Market Future Forecast Indicates Impressive Growth Rate (Segmenta …
Market Outlook Increased consumption of processed food and dairy products among consumers has fuelled the demand and supply of lipase enzymes over the years. Lipase is an enzyme that catalyzes the hydrolytic reaction of fats, and reduces the formation of glycerol and fatty acids in all living organisms. It plays a vital role in the process of digestion by transporting and processing the ester bonds in triglycerides. Due to the varied
Big Bag Connection System Market Segmented By technology Automatic, Semi-Automat …
Global Big Bag Connection System Market: An Overview The key advancement in automation encourages manufacturers to adopt smart systems to increase productivity and to facilitate timely production. Owing to the perception of consumers as well as manufacturers regarding health and hygiene of product, the big bag connection system market is anticipated to propel during the forecast period. Big bag connection system ensure dust -free docking of big bags and provide flexibility
Europe Plastic Pallet Market Size, Shares, Forecast Report 2016 : Food Industry, …
This report studies sales (consumption) of Plastic Pallet in Europe market, especially in Germany, UK, France, Russia, Italy, Benelux and Spain, focuses on top players in these countries, with sales, price, revenue and market share for each player in these Countries, covering ShangHai Pallet Plastic Industry Co., Ltd. Shanghai Lika Plastic Manufacturing Co., Ltd. Guangzhou Plastic Industrial Corporation Ltd Shandong Liyang Plastic Molding Co.,Ltd Xinding Plastic ZheJiang Primacy Plastic Industry Co., Ltd Shanghai Qinghao Plastic Pallet Manufacture