openPR Logo
Press release

Monochloroacetic Acid Market at a CAGR of approximately 4.0%

Monochloroacetic Acid Market at a CAGR of approximately 4.0%

The global monochloroacetic acid market was valued at US$ 815.74 Mn in 2018 and is anticipated to expand at a CAGR of approximately 4.0% during the forecast period, according to a new report titled ‘Monochloroacetic Acid Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’ published by Transparency Market Research (TMR) The report infers to the usage of monochloroacetic acid for oil drilling activities. Asia Pacific is the leading region of the global monochloroacetic acid market. The monochloroacetic acid market in the region is projected to expand at a significant pace during the forecast period, owing to the rise in oil & gas exploration and demand for agrochemicals in the region.

Read report Overview-

https://www.transparencymarketresearch.com/monochloroacetic-acid-market.html

global_monochloroacetic_acid_market
Request A Sample –

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2946

Increase in Demand for Monochloroacetic Acid in Oil & Gas Industry Likely to Boost Market

Increase in demand for crude oil and natural gas is encouraging Exploration and Production (E&P) firms to engage in extensive drilling activities. The global monochloroacetic acid market is projected to expand significantly during the forecast period owing to the rise in drilling activities in land and offshore rigs. Hence, increase in demand for carboxymethyl cellulose in oil and gas drilling activities is expected to drive the monochloroacetic acid market.

The growth of the monochloroacetic acid market can be ascribed to the rise in demand for carboxymethyl cellulose, as monochloroacetic acid is used in the manufacture of carboxymethyl cellulose. Globally, more than 30% of the monochloroacetic acid is used in the production of carboxymethyl cellulose. Carboxymethyl cellulose is used as a viscosifier in drilling muds for drilling of boreholes for the extraction of oil and gas.

REQUEST FOR COVID19 IMPACT ANALYSIS –

https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=2946

It balances physical parameters such as viscosity, thereby reducing the loss of water and increasing the thixotropy of the oil. It also arrests the growth of fungus while drilling mud, thereby terminating the need of preservatives and pH level indicators in the mud. Therefore, demand for monochloroacetic acid is directly proportional to the usage of carboxymethyl cellulose for oil exploration and rig drilling activities.

Carboxymethyl Cellulose Segment to Gain Momentum

The report presents a detailed segmentation of the global monochloroacetic acid market based on product and application. In terms of application, the carboxymethyl cellulose segment constituted major share of the global monochloroacetic acid market in 2018. Carboxymethyl cellulose act as thickener, rheology modifier, water retention aid, filtration reducer, binder, dispersant, protective colloid, and floating aid.

Carboxymethyl cellulose is used in detergents, drilling fluids, food, mining, paper, textiles. It is also used in the form of viscosifier for retaining loss of fluid during drilling. Carboxymethyl cellulose is also employed in iron ore pelletization and froth flotation. It also increases the quantity and quality of the valuable mineral by deactivating undesired impurities in the gangue depressant process. The carboxymethyl cellulose segment is projected to account for dominant share of the global monochloroacetic acid market during the forecast period.

Asia Pacific to Lead Global Monochloroacetic Acid Market

Asia Pacific and Europe were key regions of the global monochloroacetic acid market in 2018. The monochloroacetic acid market in Asia Pacific is anticipated to expand rapidly owing to the increase in industrialization across the region. In terms of consumption, China accounted for 50% share of the global monochloroacetic acid market in 2018. Monochloroacetic acid is extensively used to manufacture carboxymethyl cellulose in Europe. The market in North America is projected to expand at a steady pace during the forecast period. The market in Latin America is likely to expand at a substantial pace during the forecast period owing to high demand for agrochemicals and carboxymethyl cellulose in Brazil. Furthermore, rise in oil & gas exploration activities and growth in the agrochemicals industry are fuelling the demand for monochloroacetic acid in the region.

Prominent Players in Global Monochloroacetic Acid Market

Major players operating in the global monochloroacetic acid market include AkzoNobel N.V., CABB GmbH, Shandong Minji Chemical Co., Ltd., PCC SE, Denak Co. Ltd., Niacet Corporation, and Jubilant Life Sciences Limited. These players offer sustainable and durable solutions to clients. Innovation of new products and techniques through R&D is one of the approaches adopted by these companies.

Read our Case study at :

https://www.transparencymarketresearch.com/casestudies/chemicals-and-materials-case-study

Contact

Transparency Market Research,

90 Sate Street, Suite 700,

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com/

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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 at a CAGR of approximately 4.0% here

News-ID: 2292822 • Views: 293

More Releases from Transparency Market Research

Molecule-based Transistors Market to Receive Overwhelming Hike in Revenues By 20 …
Molecule-based Transistors: Introduction Molecule-based transistors are single molecule electronic devices that are designed for applications such as non-volatile memory, logic circuits, sensor monitoring, and artificial synapse. Molecular transistors based on quantum interference greatly help in miniaturizing the size of electronic circuits, and in lowering heat dissipation and energy consumption in ICs. Also, organic materials have the potential to provide the electronic devices with flexibility, stretchability, and softness ("soft electronics"), which is not possible
Hydraulic Cutters Market in 2022 - Detailed Analysis Report on Latest Trends and …
Global Hydraulic Cutters Market - Introduction Hydraulic cutters work on the basic principle of hydraulic mechanism, where pressure is applied on the liquid (generally oil) to move the blades of the cutter. Force which is applied on fluids transforms the fluid and provides mechanical energy to cutters to cut the hardest material. A force is transmitted equally in all directions, with the force acting at right angles to any surface which
Hopper Loader Market Current Insight with Future Aspect Analysis 2022 - 2030 | T …
Hopper Loader: Introduction Hopper loaders are machines used to transfer any kind of material or plastic resins such as plastic regrind, plastic powders, and plastic pellets. Hopper loader comprises an integral motor that generates vacuum to deliver plastic resin material from a bulk container to a blender bin or a drying hopper. The hopper loader machine provides automatic loading without human intervention for regrind & virgin material. The material loading is accomplished
Gigabit Wi Fi Access Point Market Segmentation, Opportunities, Trends & Future S …
Gigabit Wi Fi Access Point Market: Snapshot The global gigabit Wi Fi Access market is expected to witness significant growth in the coming years on account of the rising demand for reliable and fast internet connectivity across all residential and commercial sectors. Gigabit wireless is a wireless communication system wherein data transfer speeds exceed or reach one billion bits or one gigabyte. The report offers an elaborate analysis of the market and

All 5 Releases


More Releases for Monochloroacetic

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
Global Monochloroacetic Acid Market - Denak, Dow Chemicals, Niacet, Shri Chloche …
Apex Research, recently published a detailed market research study focused on the "Monochloroacetic Acid Market" across the global, regional and country level. The report provides 360° analysis of "Monochloroacetic Acid Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Monochloroacetic Acid industry, and estimates the future trend of Monochloroacetic Acid market on
Global Monochloroacetic Acid Market to Surpass 1,127.9 Kilotons by 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). Sample of this report is available upon request @ http://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
Global Monochloroacetic Acid Market- CABB, AkzoNobel, Niacet, Denak
Global Market Study Evaluate on Monochloroacetic Acid Industry by Type, Manufacturers, Application, Type, and Regions, Forecast up to 2022 The scope of the global Monochloroacetic Acid market report is: Global Monochloroacetic Acid MarketThis report offers a comprehensive evaluation of the Monochloroacetic Acid market. It does so by in-depth qualitative insights, historical Monochloroacetic Acid market data, and verifiable projections about global Monochloroacetic Acid market size. The projections featured in the Monochloroacetic Acid market
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