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Monochloroacetic Acid Market Size and Analysis, Trends, Recent Developments, and Forecast Till 2028 | Top Key Players AkzoNobel N.V., CABB GmbH, Daicel Corporation, Denak Co. Ltd.,etc

09-01-2021 03:32 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Reports and Data

Monochloroacetic Acid Market

Monochloroacetic Acid Market

A comprehensive report on the Global Monochloroacetic Acid Market has been published by Reports and Data that offers insightful data about market dynamics, drivers, restraints, current and emerging trends, market size, market share, and revenue growth of the market. The report provides a brief overview of the industry and gives an estimation of growth and revenue for the forecast period of 2021-2028. The global Monochloroacetic Acid market is expected to be valued at USD 893.0 Million in 2028 from its valuation of USD 1,169.3 Million in 2020 and register a CAGR of 3.4% during the forecast period. The document offers reliable data in reference to key areas of investments and growth patterns of the Monochloroacetic Acid market to help clients, stakeholders, investors, and businesses capitalization on the lucrative opportunities and make strategic investment plans.

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The major industrial use of Monochloroacetic acid is in the manufacture of carboxymethyl cellulose (CMC). CMC is used in a broad range of applications, including textiles, food, detergents, pharmaceuticals, drilling muds, coatings, and cosmetics. The market for Monochloroacetic acids is influenced by the rising demand for home cleaning products, the evolution of environment friendly chemicals required by textile industries, and the development of pharmaceutical industries, which require large Monochloroacetic acids.

The key companies profiled in the report include: AkzoNobel N.V., CABB GmbH, Daicel Corporation, Denak Co. Ltd., The Dow Chemical Company, PCC SE, Niacet Corporation, Xuchang Dongfang Chemical Co. Ltd., Shandong Minji Chemical Co. Ltd., and Shiv Chem Industries, among others.

Increasing focus on recycling of plastic waste, rising penetration of internet and e-commerce channels for sales, the advent of and rapid adoption of 3D printing to develop materials with enhanced properties and attributes, and growing demand for sustainable production of materials and chemicals have boosted the market growth over the recent past. In addition, rising focus on material informatics and application of ML and AI to improve R&D activities and capital expenditures, develop novel business models, and achieve greater agility in the production and manufacturing process of raw materials and chemicals to meet the growing demand from other end-use industries are some other key factors influencing the market growth and will continue to do so going ahead.

A regional analysis of the market across key geographical areas is offered in the report with a thorough assessment of market size, market share, revenue growth, import/export, production and consumption patterns, consumer demand and supply, global supply chain, macro- and micro-economic growth factors, government regulations and policies, and presence of key market players/manufacturers in North America, Europe, Latin America, Asia Pacific, and Middle East & Africa.

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Further, the report segments the Monochloroacetic Acid market on the basis of product types, applications, technology, end-use, and regions. It also offers insights into key factors influencing the revenue growth of each segment and sub-segment and offers details about market size, revenue share, and CAGR for each segment.

Process Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)

Chlorination

Hydrolysis

Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)

Dry Powder

Liquid

Pellets

Others

Applications Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)

Cellulosics

Agrochemicals

Surfactants

Thioglycolic Acid

Others

To know more about the report @ https://www.reportsanddata.com/report-detail/monochloroacetic-acid-market

Further key findings from the report suggest

Hydrolysis procedure is utilized in the production of Monochloroacetic acid, which is seen to observe a CAGR of 3.4% in the forecast period. The hydrolysis of trichloroethylene produces high-purity Monochloroacetic acid but has the drawback of utilizing a relatively more expensive starting material.

MCA is used to make surfactants, particularly mild betaine amphoteric surfactants. In the textile industry, a surfactant is used for processes such as scouring, dyeing, and finishing. Surfactants are estimated to have a CAGR of 4.3% during the forecast period.

Cellulosics have held a market share of 31.2% in the year 2018. Cellulosic is a polysaccharide that comprises of glucose monomers and is the main constituent of the cell walls of plants. It is usable in the manufacture of numerous products, including paper, textiles, pharmaceuticals, and insulation.

Asia Pacific is forecasted to witness the highest CAGR of 4.2% during the forecast period. Countries like India, China, and Japan are rapidly catching up with the growth in the Monochloroacetic acid market. Agrochemical production and chemical consumption have increased in this region.

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Thank you for reading our report. To request a customization or for further inquiry, kindly get in touch with us. Our team will ensure the report is well suited to your needs.

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Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

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