Press release
Monochloroacetic Acid Market is anticipated to grow at a CAGR of 6% by end of 2030
Monochloroacetic Acid Market
The global monochloroacetic acid market is anticipated to grow at a respectable CAGR of close to 6% from 2020 to 2030, according to PMR study.
The global monochloroacetic acid (MCAA) market is mainly driven by increasing demand for the production of carboxymethylcellulose, thioglycolic acid, and glycine. Monochloroacetic acid, being a major building block in organic synthesis, sees high demand as an intermediate in chemical, pharmaceutical, food & beverage, and personal care industries. However, emerging alternatives for monochloroacetic acid in agrochemical production, such as pyridine, to produce symtet, is posing a challenge to the market to some extent. A recent trend observed in the MCAA market is capacity expansions by key market players and new market entrants through consolidation of backward vertical integrated operations.
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Key Companies-
• 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. and more
This report provides in depth study of Monochloroacetic Acid Market using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. Monochloroacetic Acid Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Drivers and Constraints
The fundamental dynamics that are explored in the report hold substantial influence over Monochloroacetic Acid Market. The report further studies on the value, volume trends, and the pricing history of the market. In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.
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Monochloroacetic Acid Market Segmentations-
Monochloroacetic Acid Market By Application
• Chemical Compounds
• Drugs
• Herbicides and Insecticides
• Others (Indigo Dyeing Agent, Amphoteric Surfactants)
Monochloroacetic Acid Market By End Use
• Pharmaceuticals
• Chemicals
• Food & Beverages
• Others (Oil & Gas, Personal Care)
Monochloroacetic Acid Market By Region
• North America
• Latin America
• Europe
• Asia Pacific
• MEA
Key Takeaways from Monochloroacetic Acid Market Study
• By application, the chemical compounds segment is estimated to dominate the global monochloroacetic acid market terms of revenue. The herbicides & insecticides segment is projected to create decent incremental opportunity over the coming years.
• By end use, the chemical and pharmaceuticals segments are projected to hold around 80% market share in 2020.
• Among the regions, Asia Pacific is expected to be the most attractive region for monochloroacetic acid during the forecast period. The market in North America is mainly propelled by rising demand from the pharmaceutical industry. Stringent government regulations pertaining to the use of agrochemicals in Europe are likely to hinder the growth of the MCAA market in Europe.
"The COVID-19 pandemic will impede the growth of the MCAA market to some extent in the near term, due to restrictions and lockdowns. However, in the long term, the market will experience steady growth and give good return on investment," says a PMR analyst.
Request you to Read More-
https://uberant.com/article/1889016-broaching-machines-market-improvement-orientation-and-forecast-2025/
https://researchreports12.blogspot.com/2022/12/broaching-machines-market-current.html
https://pressreleasepost.co.uk/broaching-machines-market-top-trends-and-key-players-analysis-report-2021-2031-pmr-study/
https://medium.com/@bhushan_40187/broaching-machines-market-caption-f62cbf1a6c0f
https://marketnewreports.mystrikingly.com/blog/broaching-machines-market-to-witness-comprehensive-growth-by-2031-pmr-study
https://www.spoke.com/topics/broaching-machines-market-business-opportunities-and-global-forecast-to-2029-63a4a95ef812856ddc02c813
https://www.rolonet.com/blogs/204964/Broaching-Machines-Market-Endure-Positive-on-Improving-Demand-Outlook-till
About PMR - Chemicals and Materials
The Chemicals and Materials division of Persistence Market Research offers distinct and pin-point analysis about chemicals and materials industry. Chemical coverage extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites and nanotechnology in particular with special emphasis on 'green alternatives', recycling and renewable technology developments, supply-demand-trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners and government bodies for developing - 'The Way Forward'.
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