[PDF] Monochloroacetic Acid Market Comprehensive Study Explore Huge Growth In Future - Coherent Market Insights

Monochloroacetic acid (MCAA) is also known as chloroacetic acid, is a colorless crystalline compound and is highly soluble in organic solvents. It has a chemical formula ClCH2CO2H with a molecular weight of 94.49 gram/mol. It is broadly used in the production of agrochemicals, pharmaceutical drugs, and various chemical compounds. It is a key ingredient in the manufacturing of carboxymethyl cellulose (CMC) compound and it has a wide range of applications across the food industry where it is used as a viscosity modifier, thickener, and emulsion stabilizer.

The global Monochloroacetic acid (MCAA) market is estimated to account for US$ 551.6 Mn in terms of value and 882.5 Kilo Tons in terms of volume by the end of 2018

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Drivers:

Rising demand for carboxymethyl cellulose (CMC) compound from the food and beverage industry owing to its excellent viscosity and emulsion stabilizer properties. It is used in ice-creams, beverages, and other food products is expected to boost the market growth of Monochloroacetic acid (MCAA).

Market Restraints

Increasing usage of pyridine as an alternative substitute of Monochloroacetic acid in the symtet production, as they are used in the production of herbicides and insecticides is expected to hamper the market growth of Monochloroacetic acid over the forecast period. For instance, Jubilant Life Sciences Limited—an India-based producer—has introduced the production process to produce symtet by pyridine route. The process generates fewer effluents as compared to MCAA route and involves minimum costs for production.

Market Opportunities

Increasing usage of Monochloroacetic acid as a precursor in the production of ibuprofen which is widely used to treat pain, inflammation, and fever. Hence, this is expected to propel the market growth of Monochloroacetic acid over the forecast period.

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Years Considered to Estimate the Market Size:

History Year: 2015-2019
Base Year: 2021
Estimated Year: 2021
Forecast Year: 2021-2028

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