Press release
Global Monochloroacetic Acid Market to Record CAGR of 3.0% through 2020
Monochloroacetic Acid Market
Monochloroacetic acid (MCA) is an organochlorine compound used as a building block in organic synthesis. Monochloroacetic acid is a colorless or white deliquescent crystalline compound. Acetic acid and chlorine are key raw materials used in the production of monochloroacetic acid. Monochloroacetic acid is a halogenated derivative of acetic acid that is used as a building block in organic synthesis. Monochloroacetic acid is completely soluble in water, soluble in alcohol, acetone, chloroform and ether and a partly soluble in chlorinated hydrocarbons. Thioglycolic acid, agrochemicals, phenoxyacetic acid, surfactants, glycine and others are the major end application industries of monochloroacetic acid.
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Monochloroacetic acid (MCA) is broadly used in chemical industries in the manufacture of carboxymethyl cellulose (CMC). Hence, the demand for CMC is expected to rise exponentially due to an increase in industrial applications. Moreover, rising population and increasing demand for agricultural products is expected to trigger growth of monochloroacetic acid. Increasing demand from glyphosate is also likely to boost the demand for monochloroacetic acid during the years to come.
Cellulosics, agrochemicals, thioglycolic acid, surfactants and others are the key application segments of monochloroacetic acid market. Cellulosics was the largest application market for monochloroacetic acid market. Cellulosics segment accounted for over 30.0% share of total market, in 2014. Agrochemicals application segment is expected to be the second largest segment in this market. Thioglycolic acid, surfactants and others application are also expected to dominate the global monochloroacetic acid market.
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Geographically, Asia Pacific dominated the global monochloroacetic acid market, in 2014. Increasing demand from personal care and agrochemicals industry is major driving factor for monochloroacetic acid in Asia Pacific. Asia Pacific followed by North America, Europe, Middle East & Africa and Latin America.
Some of the major industry participants in monochloroacetic acid market include Denak Co. Ltd., CABB GmbH, Niacet Corporation, Daicel Corporation, AkzoNobel N.V., Dow CHEMICAL Company and Denak Co. Ltd.
This report segments the global monochloroacetic acid market as follows:
Global Monochloroacetic Acid Market: Application Segment Analysis
Cellulosics
Agrochemicals
Thioglycolic Acid
Surfactants
Others
Global Monochloroacetic Acid Market: Regional Segment Analysis
North America
U.S.
Europe
Germany
France
UK
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa
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