Press release
Monochloroacetic Acid Market is Forecasted to Reach US$ 1135.03 Million in 2028, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm has launched a report on the global monochloroacetic acid market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://stratviewresearch.com/Request-Sample/2069/Monochloroacetic-Acid-Market.html#form
Report Highlights:
Market Size in 2028: US$ 1135.03 million
Growth (CAGR): 4.13% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Monochloroacetic Acid Market:
The global monochloroacetic acid market is segmented based on process type, product type, application type, and region.
Based on process type - The market is segmented into chlorination and hydrolysis. The chlorination process is estimated to be the dominant segment of the market during the assessment period on account of its utilization by the leading players of the market for product manufacturing and for other purposes such as killing particular bacteria and other microbes.
Based on application type - The market is segmented as cellulosic, agrochemicals, surfactants, thioglycolic acid, and others. The surfactant application type is estimated to hold the largest share of the market during the assessment period on account of its extensive utilization as foaming agents, dispersants, emulsifiers, and detergents. On the other hand, agrochemicals are estimated to witness significant growth in the market over the assessment period. The segment's growth is supported by the high usage of agrochemicals in agriculture-based economies, such as India, Brazil, and China, where agrochemicals are used for crop safety and soil fertility.
To know the most attractive segments, click here:
https://stratviewresearch.com/2069/Monochloroacetic-Acid-Market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific is estimated to be the leading region in the market. This growth outlook is majorly attributed to the following-
• China and India being the agro-based economies fueling the regional market growth during the assessment period.
• Factors such as growing textile industries and increasing personal care and pharmaceutical industries are expected to accelerate the market growth in the region.
Likewise, North America is also expected to depict significant growth in the market over the forecast period on account of the growing pharmaceutical demand in the region as a result of the increasing number of diseases and epidemics, creating demand for newer and improved medicines and treatments.
Monochloroacetic Acid Market Drivers:
Some of the key drivers listed in the report are given below.
• The surge in demand for carboxymethyl cellulose in oil drilling activities
• Growing monochloroacetic acid demand in China and India
• Increasing agrochemicals demand in the U.S.
Top Companies in the Monochloroacetic Acid Market:
Stratview Research has identified the following companies as the top market players.
• AkzoNobel N.V.
• Alfa Aesar
• CABB GmbH
• Daicel Corporation
• Denak Co., Ltd.
• Niacet Corporation
• PCC SE
• Shiv Chem Industries
• The Dow Chemical Company
• Xuchang Dongfang Chemical Co. Ltd.
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Monochloroacetic Acid Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
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About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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