Press release
Monochloroacetic Acid Market Projected to Exhibit Growth at 3.9% CAGR by 2031- TMR Study
Diversification Amidst Pandemic Challenges:
Manufacturers strategically diversify production capacities to offset losses incurred during the COVID-19 pandemic. Monochloroacetic acid emerges as a pivotal intermediate in the chemical industry, crucial for synthesizing plastics, detergents, agrochemicals, cosmetics, and personal hygiene products.
Overview of Monochloroacetic Acid Market:
Monochloroacetic acid, also known as chloroacetic acid, stands as a vital organochlorine compound, offering high reactivity. The alpha crystallization variant, commercially used as water-soluble flakes, plays a significant role in diverse organic synthesis processes.
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2946&utm_source=OpenPR_Ganesh&utm_medium=OpenPR
Key Players:
The global monochloroacetic acid market is consolidated, with major players such as AkzoNobel N.V., CABB Group GmbH, Niacet Corporation, Denak Co. Ltd., Shandong Minji Chemical Co. Ltd., Jubilant Life Sciences Ltd, PCC SE, Archit Organosys Limited, Meghmani Organics Ltd, IOL Chemicals & Pharmaceuticals Limited, and Meridian Chem Bond Pvt. Ltd. holding the majority of the market share.
Driving Factors:
Continuous demand for monochloroacetic acid is observed across end-use industries such as herbicides, surfactants, and glycine. The synthesis of ester derivatives, facilitated by sulfuric acid in the presence of monochloroacetic acid, further contributes to market growth.
Applications in Carboxymethyl Cellulose (CMC):
Monochloroacetic acid takes center stage in the production of CMC, a water-soluble cellulose serving as a viscosity modifier and thickener. CMC finds applications in food and non-food products, detergents, and oil drilling. Notably, CMC's usage in the food and beverage industry as a thickener, emulsifier, and viscosity modifier contributes to its widespread adoption.
Agrochemicals Driving Market Growth:
The increasing global population necessitates improved crop yields, driving the use of agrochemicals. Monochloroacetic acid plays a crucial role in the production of active substances used in herbicides and pesticides, contributing to the rising demand for food.
Commercial Advantages of Monochloroacetic Acid Flakes:
The market witnesses a significant share held by monochloroacetic acid flakes, constituting approximately 40% in 2021. Recognized for easy storage and transport, these flakes are favored, especially in the manufacturing of CMC.
Regional Outlook:
Asia Pacific Dominance: The Asia Pacific region leads with over 60% of the global market share in 2021, driven by substantial CMC manufacturing capacities in countries like China and India.
North America and Europe: Holding significant value shares (more than 25% and 10%, respectively), these regions capitalize on resilient healthcare infrastructures, utilizing CMC in wound dressings, drug delivery, and bio-sensing applications.
Middle East & Africa and Latin America: While these regions represent less than 10% of the global market share in 2021, increased R&D activities in energy production innovations using CMC propel growth.
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ | ๐๐ฆ๐ฆ๐๐๐ข๐๐ญ๐ ๐๐๐ฅ๐ข๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ ๐๐ญ - https://www.transparencymarketresearch.com/checkout.php?rep_id=2946<ype=S&utm_source=OpenPR_Ganesh&utm_medium=OpenPR
the monochloroacetic acid market's trajectory indicates robust growth, driven by versatile applications and strategic adaptations in the face of global challenges.
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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The market report delivers an all-inclusive analysis of the market structure along with a forecast of the various segments and sub-segments of the Chloroacetic Acid (Monochloroacetic Acid) industry. This wide-ranging market research report acts as a backbone for the success of business in any niche. The Chloroacetic Acid (Monochloroacetic Acid) market survey report has been prepared by conducting market research in a systematic manner. Moreover, the Chloroacetic Acid (Monochloroacetic Acid)โฆ
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Monochloroacetic acid or MCAA is an intermediate for diverse chemical products. MCAA is a colorless crystalline material produced by chlorinating acetic acid in the presence of catalyst. It is available in three crystal modifications: alpha, beta, and gamma. It is largely used in the manufacture of carboxymethyl cellulose, which is water-soluble cellulose ether and used as a thickening agent in aqueous systems. MCAA is employed as a raw material inโฆ
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Continuous growth in textile and food industries due to inclination towards fashion trends and consumption of packaged food will positively drive the adoption monochloroacetic acids (MCAA).
Accessed in the form of dry powder, liquid, and pellets, the acid constitutes ethanol and ascetic acid derived from crude oil. However, fluctuating crude oil prices attributed to lower demand and higher supply of oil will impact the manufacturing costs of the product.
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Monochloroacetic Acid Market Growth Opportunity Till 2021
The report covers forecast and analysis for the Monochloroacetic Acid market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on volume and revenue (USD Million). The study includes drivers and restraints for the market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities availableโฆ
