Chloroacetic Acid Market Projected To Grow At Cagr Of 6.87 % Through 2027 | CABB GmbH, Arkema Group, Daicel Corporation

Chloroacetic acid is a specialty organochlorine compound and organic synthesis building block. As a result, it is used in the manufacture of various chemical compounds, agrochemicals, dyes, and drugs. Chloroacetic acid is used in the preparation or production of industrial chemicals, as a thickening agent or chemical intermediate in carboxymethylcellulose (CMC) and carboxymethyl starch.The global chloroacetic acid market is expected to reach $2,654.1 million by 2026, growing at a 6.87 percent CAGR during the forecast period. Chloroacetic acid is used to make cyanoacetic ester for purines, vitamin B6, phenoxyacetic acid for penicillin, chloroacetylchloride for pharmaceutical and agrochemical, glycine for pet food, flavouring agents, and pharmaceutical for soluble aspirin.

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Companies Covered as part of this study include: CABB GmbH, Arkema Group, Daicel Corporation, Niacet Corporation, Akzo Nobel N.V..
 
The global chloroacetic acid market is expanding due to rising demand for monochloroacetic acid, which is used in agriculture. Monochloroacetic acid is a carboxylic acid that is formed when acetic acid is chlorinated. It is a colourless, crystalline solid that is extremely soluble in water. In organic synthesis, carboxylic acid is a useful building block. Monochloroacetic acid is used to make thickening agents. Carboxymethyl cellulose is used in pesticides and sprays as a suspending agent in the agricultural industry.

The Global Chloroacetic Acid Market's Key Trends and Analysis:

MCA (monochloroacetic acid) is used to make surfactants such as mild betaine amphoteric surfactants and thioglycolic acid. As a result, thioglycolic acid and its derivatives are used as additives in the manufacture of cosmetics, including hair cosmetics. According to the United States Department of Commerce's International Trade Administration, the Mexican cosmetics industry market was valued at US$ 6.97 billion in 2016 and is expected to reach US$ 7.39 billion in 2018. Men's increased use of grooming products is driving up demand for hair cosmetics in Mexico.
  
Report Purchase Motives:
• The paper examines how Chloroacetic Acid is expected to grow in the future.
• Examine various perspectives on the Chloroacetic Acid using Porter's five forces analysis.
• The product type expected to dominate the Chloroacetic Acid market, as well as the regions expected to grow the fastest over the forecast period, are investigated.
• Recognize the new advancements, Chloroacetic Acid shares, and policies of the leading market participants.
• Over the last five years, the competitive landscape has included the Chloroacetic Acid share of significant firms as well as important development policies.
• Comprehensive company profiles that include the product offerings of the major Chloroacetic Acid players, critical financial information, current advancements, SWOT analysis, and strategies.
 
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