The subsequent 10 years to see the Sodium Monochloro Acetate Market throng the fort of growth

Sodium Monochloro Acetate also known as Chloroacetic acid is the derivative of monochloroacetic acid which is produced by naturalization with alkali. Sodium monochloro acetate is a white coloured with a pungent smell. Sodium monochloro acetate is highly toxic due to which it is used as a raw material in the production of herbicides, Glycolic acid and defoliant etc.

Hydrolysis of aqueous solutions of sodium monochloro acetate very rapidly leads to the formation of sodium glycolate and hydrochloric acid, Sodium Monochloro Acetate is used in several applications such as thickening agents, textile etc.

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FACTS AT A GLANCE

Companies: Akzo Nobel N.V,Daicel Corporation,Dow DuPont,Niacet Corporation,INEOS Salts,Swiss Salt Works AG,Dampier Salt,Cargill Incorporated,China National Salt Industry Corporation,Wacker Chemie AG,Cheetham Salt

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Coverage: All major geographies and key segments

Segments: Grade(Technical Grade,Pharmaceutical Grade); Ens Use (Agrochemical, Chemical, Textile,Pharmaceutical)

Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

ABSTRACT-

Agrochemicals such as herbicides and fertilizers incorporate sodium monochloro acetate as a key ingredient which has thus been the primary driver of its market growth. Sodium monochloro acetate is also used in the production of glycolic acid & carboxymethyl cellulose which are majorly used in plant stabilizers, which is likely to create a positive impact on the market development of sodium monochloro acetate.

Immense consumption of sodium monochloro acetate in pharmaceutical for the production of n-glycine, maleanates, dichlophenac sodium and vitamins is also propelling the demand of sodium monochloro acetate. Furthermore, sodium monochloro acetate is extensively used in the caustic topical agent which is used in different medicines for the cure of verrucae, skin lesions and atherosclerosis.

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While, sodium monochloro acetate is also widely consumed in chemical industries as well for the production of numerous chemicals such as barbituric acid, amino acetic acid, chloroacetic acid etc. which results in escalating the demand of sodium monochloro acetate from chemical industries.

On the other hand change in fashion trend for clothing among consumer which results to increase in the demand of sodium monochloro acetate from textile industries pertaining to strong demand of sodium monochloro acetate as sodium monochloro acetate is used as an intermediate for the fusion of indigo dye.

The future growth opportunities for Sodium Monochloro Acetate is expected to receive from the continued demand for product penetration in an agrochemicals i.e. crop protection application as well as from robust growing pharmaceuticals industry. However, due to fluctuation in the price of raw material for the production of Sodium Monochloro Acetate which may hamper the market growth where end users may prefer cheaper substitutes to fulfil their requirements.

The global Sodium Monochloro Acetate Market is considered to be an extremely fragmented market due to the presence of international and small scale regional business partners having established their presence in particular or multi-regional markets. Due to the presence of a large number of suppliers has resulted in high degree of competitive pricing by the companies.

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This release was published on openPR.