Press release
Monochloroacetic acid market to hit US$1.2 Bn by 2024 | AkzoNobel, CABB, Daicel, Denak, Dow, PCC SE, Niacet, Merck KGaA, Alfa Aesar
Monochloroacetic Acid Market
It is used as food additives, in numerous ice cream products, and finds extensive application in detergents, paper products, paints, toothpaste, and textile sizing. Increasing application could create lucrative growth opportunities for monochloroacetic acid manufacturers.
Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/1920
Speculating surging demand for cellulosics, studies suggest that cellulosics application segment may grow at a rate of almost 4.5% over the forthcoming years. Meanwhile, with extensive application in end-user industries such as textiles, paper, oil & gas, and food & beverages, the demand for monochloroacetic acid market is expected to propel at a substantial rate.
A study conducted by Global Market Insights., Inc., predicts the monochloroacetic acid market may surpass USD 1.2 billion by 2024.
Firms like Dow Chemical, Alfa Aesar, Merck KGaA, Abhishek Impex, Daicel, JUBILANT, Shandong Minji, Shiv Chem, Xuchang Dongfang, PCC SE, AkzoNobel, Niacet, Swati Chemical, CABB GmbH, Denak, and S.R. Drugs are currently holding a major share in the monochloroacetic acid industry.
Dynamic raw material prices may restrain monochloroacetic acid businesses
Raw materials used to produce monochloroacetic acids, such as ethanol and acetic acid, are derived from crude oil. As crude oil prices vary according to demand and supply, it can indirectly impact monochloroacetic acid rates. This aspect could restrain businesses operating in the monochloroacetic acid industry.
Get Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/monochloroacetic-acid-MCAA-market
Key trends boosting monochloroacetic acid industry outlook
Increasing adoption of chlorination process
Companies producing monochloroacetic acids are increasingly adopting chlorination process as the addition of chlorine helps to kill bacteria and microbes present in the procedure.
With its gaining traction, studies suggest that the chlorination process may hold a significant share in the overall monochloroacetic acid market over 2024.
Burgeoning demand across Asia Pacific
On the regional front, APAC is expected to offer lucrative growth opportunities for monochloroacetic acid manufacturers. Increasing product demand across end-user industries including textile, pharmaceutical, and personal care has favored their business growth.
Reports meanwhile estimate that APAC is expected to record a 60% market share through 2024. Countries like Indonesia, India, China, and Vietnam have been playing a pivotal role in boosting the revenue share of APAC monochloroacetic acid market.
Browse More News:
https://www.prnewswire.com/news-releases/bitumen-market-value-to-hit-116-billion-by-2026-global-market-insights-inc-300967401.html
https://www.globenewswire.com/news-release/2020/01/22/1973392/0/en/The-Graphene-Market-to-record-406-million-by-2026-predicts-Global-Market-Insights-Inc.html
https://www.globenewswire.com/news-release/2020/02/10/1982149/0/en/Polyacrylamide-Market-is-likely-to-reach-8-billion-by-2026-Says-Global-Market-Insights-Inc.html
Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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 to hit US$1.2 Bn by 2024 | AkzoNobel, CABB, Daicel, Denak, Dow, PCC SE, Niacet, Merck KGaA, Alfa Aesar here
News-ID: 2220683 • Views: …
More Releases from Global Market Insights, Inc.
Hepatitis B Vaccine Market Set to Surpass $12 Billion by 2034
The global hepatitis B vaccine market is poised for significant expansion over the next decade, fueled by rising liver disease cases, expanded immunization coverage, and advancements in vaccine development. Valued at USD 6.7 billion in 2024, the market is projected to reach USD 7.3 billion in 2025 and surge to USD 12 billion by 2034, reflecting a healthy compound annual growth rate (CAGR) of 5.7%.
A major driver behind this growth…
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
More Releases for Monochloroacetic
Global Monochloroacetic Acid Market Size & Trends
According to a new market research report published by Global Market Estimates, the global monochloroacetic acid market is projected to grow at a CAGR of 5.5% from 2023 to 2028.
The increasing demand for monochloroacetic acid in agrochemical applications for herbicides and growth regulators, rising use of MCA in pharmaceuticals and personal care products, and expanding chemical manufacturing activities are the major drivers for the global monochloroacetic acid market growth.
By Chemical…
Monochloroacetic Acid Market Value Size Analysis 2022-2029
The Monochloroacetic Acid Market is expected to grow at a high CAGR during the forecast period 2022-2029. North America region has the highest market share in the Monochloroacetic Acid Market, and it is further continuing its dominance during the forecast period.
Browse Full Report at: https://www.datamintelligence.com/research-report/monochloroacetic-acid-market
Our research report gives wide perceptions of the latest trends and development prospects of the market analysis, detailed segmentation analysis, volume, size, share, growth drives,…
Chloroacetic Acid (Monochloroacetic Acid) Market 2022 | Detailed Report
The market report delivers an all-inclusive analysis of the market structure along with a forecast of the various segments and sub-segments of the Chloroacetic Acid (Monochloroacetic Acid) industry. This wide-ranging market research report acts as a backbone for the success of business in any niche. The Chloroacetic Acid (Monochloroacetic Acid) market survey report has been prepared by conducting market research in a systematic manner. Moreover, the Chloroacetic Acid (Monochloroacetic Acid)…
Global and United States Monochloroacetic Acid (MCAA) Market, Global and United …
Monochloroacetic acid or MCAA is an intermediate for diverse chemical products. MCAA is a colorless crystalline material produced by chlorinating acetic acid in the presence of catalyst. It is available in three crystal modifications: alpha, beta, and gamma. It is largely used in the manufacture of carboxymethyl cellulose, which is water-soluble cellulose ether and used as a thickening agent in aqueous systems. MCAA is employed as a raw material in…
3 vital trends impacting monochloroacetic acid market outlook
Continuous growth in textile and food industries due to inclination towards fashion trends and consumption of packaged food will positively drive the adoption monochloroacetic acids (MCAA).
Accessed in the form of dry powder, liquid, and pellets, the acid constitutes ethanol and ascetic acid derived from crude oil. However, fluctuating crude oil prices attributed to lower demand and higher supply of oil will impact the manufacturing costs of the product.
The…
Monochloroacetic Acid Market Growth Opportunity Till 2021
The report covers forecast and analysis for the Monochloroacetic Acid market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on volume and revenue (USD Million). The study includes drivers and restraints for the market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available…
