Press release
The next 10 years to see the Monochloroacetic Acid (MCAA) Market drift towards green development
Market dynamics
The global monochloroacetic acid market is mainly driven by increasing demand for the production of carboxymethylcellulose, thioglycolic acid, and glycine. Monochloroacetic acid (MCAA) is a major building block in organic synthesis and hence the demand for MCAA as an intermediate in the chemical, pharmaceutical, food & beverages, and personal care industries is expected to boost the growth of the global monochloroacetic acid market during the forecast period. However, emerging alternatives for monochloroacetic acid in agrochemicals production such as pyridine to produce symtet is posing a challenge to the global monochloroacetic acid market to some extent. A recent trend observed in the global monochloroacetic acid market is the capacity expansions by key market players and new market entrants in monochloroacetic acid production through consolidation of backward vertical integrated operations.
Request For Report Sample@ https://www.persistencemarketresearch.com/samples/12004
monochloroacetic acid mcaa market
Market forecast
The global monochloroacetic acid market is segmented on the basis of Application (Production of Chemical Compounds, Drugs, Herbicides & Insecticides, Others (Indigo Dyes, Amphoteric Surfactants)); End Use Industry (Pharmaceutical Industry, Chemical Industry, Food & Beverages Industry, Personal Care Industry, Others (Oil & Gas Industry)); and Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA)). By application, the Production of Chemical Compounds segment is estimated to dominate the global monochloroacetic acid market with 52.9% share in terms of revenue by 2016 end. The Herbicides & Insecticides segment is projected to create incremental opportunity of US$ 62.2 Mn in the global monochloroacetic acid market between 2016 and 2024. By end use industry, the Chemical Industry segment is projected to create incremental opportunity of US$ 142.3 Mn in the global monochloroacetic acid market between 2016 and 2024. The Pharmaceutical Industry segment is expected to increase 1.8X over the forecast period to be valued at US$ 117.6 Mn by the end of 2024.
Among regions, Asia Pacific is estimated to be valued at US$ 329.5 Mn by the end of 2016 and is expected to increase to US$ 513.3 Mn by the end of 2024, registering a CAGR of 5.7% during the forecast period. Asia Pacific is expected to be the most attractive region for monochloroacetic acid in the global monochloroacetic acid market during the forecast period. Sales of monochloroacetic acid in North America was valued at US$ 36.4 Mn in 2015 and is projected to increase 1.3X over the forecast period to be valued at US$ 49.2 Mn by the end of 2024. The monochloroacetic acid market in North America is mainly propelled by a rising demand from the pharmaceutical industry. The Europe monochloroacetic acid market is estimated to account for a value share of 20.2% in the global monochloroacetic acid market by the end of 2016. Stringent government regulations pertaining to the use of agrochemicals in Europe is likely to hinder the growth of the monochloroacetic market in Europe.
For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/12004
Company Profiles
AkzoNobel N.V.
CABB Group
Nufarm Limited
Niacet Corporation
Jubilant Life Sciences Limited
Shandong Minji Chemical Co.,Ltd.
Archit Organosys Limited
IOL Chemicals & Pharmaceuticals Limited
Meridian Chem Bond Pvt. Ltd.
S.R.Drugs and Intermediates Pvt. Ltd.
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.
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 The next 10 years to see the Monochloroacetic Acid (MCAA) Market drift towards green development here
News-ID: 2595949 • Views: …
More Releases from Persistence Market Research
String Inverter Market to Reach US$7.2 Billion by 2033 - Persistence Market Rese …
The string inverter market is emerging as a critical pillar of the global solar photovoltaic ecosystem, supporting the transition toward decentralized renewable energy systems. String inverters play a central role in converting direct current generated by solar panels into usable alternating current for grid connection or onsite consumption. Compared to central inverters, string inverters provide greater design flexibility, easier installation, and improved system monitoring at the string level. Their widespread…
Food Grade Phosphoric Acid Market to Reach US$3.2 Billion by 2033 - Persistence …
The food grade phosphoric acid market plays a critical role in the global food and beverage industry, serving as a key ingredient in acidity regulation, flavor enhancement, preservation, and pH stabilization. Food grade phosphoric acid is widely used in carbonated soft drinks, processed foods, dairy products, bakery formulations, and meat processing applications. Its ability to provide a sharp tangy taste and extend shelf life makes it indispensable for beverage manufacturers…
Electronic Document Management System (EDMS) Market to Surpass US$ 27.7 Billion …
The global Electronic Document Management System (EDMS) Market is projected to be valued at US$ 9.7 billion in 2026 and is expected to reach US$ 27.7 billion by 2033, expanding at a robust CAGR of 16.2% during 2026-2033. Organizations worldwide are accelerating digital transformation initiatives by shifting from paper-based processes to intelligent document management platforms. This structural transition is enabling enterprises to enhance workflow automation, improve data governance, and reduce…
Intelligent Automation Market to Reach US$ 25.8 Billion by 2033 Driven by AI, Cl …
The global Intelligent Automation Market is projected to be valued at US$ 12.6 billion in 2026 and is forecast to reach US$ 25.8 billion by 2033, expanding at a CAGR of 10.8% during 2026-2033. Growth is primarily driven by rapid advancements in artificial intelligence (AI), machine learning (ML), robotic process automation (RPA), and cloud computing technologies. Businesses across sectors are increasingly integrating intelligent automation solutions to enhance operational efficiency, reduce…
More Releases for Industry
Hydro Lubricants Market Size, Analysis, and Forecast Report 2018 to 2026(By Indu …
The rising demand for hydro lubricants from manufacturing sector is also multiplying at a faster rate, on the back of their competency in upgrading the service-life of machinery. The hydro lubricants market is primarily driven on account of its low-friction attributes, which makes it highly likely to outshine the synthetic variants. Moreover, the demand for hydro lubricants for machinery assemblies is on the rise, as they facilitate in minimizing…
Hydro Lubricants Market Insights, Trends & Future Development Status Recorded du …
The rising demand for hydro lubricants from manufacturing sector is also multiplying at a faster rate, on the back of their competency in upgrading the service-life of machinery. The hydro lubricants market is primarily driven on account of its low-friction attributes, which makes it highly likely to outshine the synthetic variants. Moreover, the demand for hydro lubricants for machinery assemblies is on the rise, as they facilitate in minimizing…
Global Pyrite Market 2019 | Applications: Jewelry Industry, Sulfur Compounds Ind …
The major factor driving the pyrite market is the rising demand of jewelry and sulfur compounds market. This report researches the worldwide Pyrite market size (value, capacity, production, and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions. This study categorizes the global Pyrite breakdown data by manufacturers, region, type, and application, also analyzes the market status, market share, growth rate, future trends, market…
Lipase Enzymes Market Future Forecast Indicates Impressive Growth Rate (Segmenta …
Market Outlook
Increased consumption of processed food and dairy products among consumers has fuelled the demand and supply of lipase enzymes over the years. Lipase is an enzyme that catalyzes the hydrolytic reaction of fats, and reduces the formation of glycerol and fatty acids in all living organisms. It plays a vital role in the process of digestion by transporting and processing the ester bonds in triglycerides. Due to the varied…
Big Bag Connection System Market Segmented By technology Automatic, Semi-Automat …
Global Big Bag Connection System Market: An Overview
The key advancement in automation encourages manufacturers to adopt smart systems to increase productivity and to facilitate timely production. Owing to the perception of consumers as well as manufacturers regarding health and hygiene of product, the big bag connection system market is anticipated to propel during the forecast period. Big bag connection system ensure dust -free docking of big bags and provide flexibility…
Europe Plastic Pallet Market Size, Shares, Forecast Report 2016 : Food Industry, …
This report studies sales (consumption) of Plastic Pallet in Europe market, especially in Germany, UK, France, Russia, Italy, Benelux and Spain, focuses on top players in these countries, with sales, price, revenue and market share for each player in these Countries, covering
ShangHai Pallet Plastic Industry Co., Ltd.
Shanghai Lika Plastic Manufacturing Co., Ltd.
Guangzhou Plastic Industrial Corporation Ltd
Shandong Liyang Plastic Molding Co.,Ltd
Xinding Plastic
ZheJiang Primacy Plastic Industry Co., Ltd
Shanghai Qinghao Plastic Pallet Manufacture…
