openPR Logo
Press release

Monochloroacetic Acid Market set to cross the billion-dollar benchmark by 2024, APAC to drive the regional landscape

09-20-2017 03:19 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights, Inc.

/ PR Agency: Global Market Insights, Inc.
Monochloroacetic Acid Market set to cross the billion-dollar

Business collaborations having been one of the key growth strategies of myriad industries, have also profoundly impacted Monochloroacetic Acid (MCAA) Market. One such instance bearing a testimony to this tactic was the collaboration of the German Company, CABB Gmbh, in 2013 with two domestic enterprises JinweiHuasheng Chemical Co. Ltd and Jining Gold Power Co. Ltd, where the former had inked a Memorandum of Understanding for the establishment of a joint venture company in China to deal with the marketing and manufacturing of high quality monocholoroacetic acid.

Reportedly, three companies collectively invested around USD 160 million in the MCAA project of production capacity 50000t/a. The constant technological innovations characterizing this fraternity and series of such collaborations and joint ventures are poised to influence monochloroacetic acid industry trends in the ensuing years.

Sample Copy of this Report@ https://www.gminsights.com/request-sample/detail/1920

Global monochloroacetic acid market involves the participation of biggies such as AkzoNobel N.V., Daicel Corporation, The Dow Chemical Company, Daicel Corporation, Shandong Minji Chemical Co., CABB GmbH, PCC SE, Niacet Corporation, and, Xuchang Dongfang Chemical Co. Ltd. The strategies of alliances and product innovations are quite rampant across the competitive landscape of the monochloroacetic acid industry.

The recent announcement of Atul Ltd. and AkzoNobel entering a partnership agreement with regards to production of MCCA in India is again a substantiation of how monochloroacetic acid market giants are deeply ingrained in collaborative approaches. The partnership was rather an appreciable step by both the firms to further exploit the potential of monochloroacetic acid market. Global Market Insights, Inc., claims monochloroacetic acid industry to surpass a revenue of USD 1.2 billion by 2024, with a projected CAGR of 4% over 2017-2024.

Monochloroacetic acid, often termed chloroacetic acid is recognized as one of the most halogenated forms of acetic acid. Being reactive in nature, this compound can form a number of intermediates by undergoing reactions. In fact, this fundamental aspect further expands the application horizon of monochloroacetic acid market. For instance, this organochlorine compound is an integral component in carboxymethyl cellulose (CMC) manufacturing, which finds extensive application across diversified domains, such as food and beverage, paints & coating, textile, paper & pulp etc. It is therefore no surprise that the growth of all these aforementioned domains will leave a perpetual impact on monochloroacetic acid industry dynamics as well. As per the estimates, approximately 30% of the globally produced MCCA is used in the manufacturing of CMC.

A sizable chunk of the overall monochloroacetic acid industry share is obtained from agrochemical application, which is why the growth potential of the market is forecast to be remarkably high in agrarian countries, particularly in the United States and BRICS nations. As per a recent estimation, in the year 2016, 45% of the total land in America and 60% of the total land in India were under cultivation.

The population curve of China and India is exponentially increasing, a factor that is subsequently necessitating increased crop production to address the rising food demand curve. Enhancement of soil fertility has thus become a requirement of late, which is quite evident from the increased consumption of pesticides, fungicides, insecticides, and other chemical aggregates across APAC belt. Since MCAA and its derivatives are extensively deployed in these agrochemicals manufacturing, the aforementioned aspects are expected to upscale monochloroacetic acid industry demand.

Speaking of the geographical trends, Asia Pacific is forecast to procure a major chunk of the overall industry over the coming seven years, accounting for almost 60% of the overall share by 2024. Other than agrochemical sector, the proliferation of medical, personal care, and textile sectors have also proved to be beneficial for the regional monochloroacetic acid industry growth. MCAA is majorly used for glycine production, which is an intermediate compound obtained from glyphosate herbicide production.

Statistics claim, glyphosate is arguably the largest volume of herbicides that are produced worldwide. Though there are other synthesis routes for glyphosphate production, but in China, the predominant route is through MCAA. This fundamental aspect makes China’s contribution significant not only in the APAC monochloroacetic acid market but also in the global business space. China is arguably the largest consumer and manufacturer of agrochemicals. While emerging agrochemical domain plays a crucial role in the development of regional monochloroacetic acid market, another key end-use segment almost equally responsible for the business proliferation is the paper and pulp sector.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1920

Heavy depletion of petroleum reserves across some of the regions have of late turned out to be a major concern for the monochloroacetic acid market players. Depleting crude oil reserves has subsequently resulted in raw material price discrepancies, thereby generating a supply demand gap in the value chain. However, unprecedented efforts are being continuously undertaken by the raw material manufacturers at the grass root level to overcome these challenges.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com/
Connect with us: Google+ | LinkedIn | Twitter | Facebook

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 Monochloroacetic Acid Market set to cross the billion-dollar benchmark by 2024, APAC to drive the regional landscape here

News-ID: 730106 • Views:

More Releases from Global Market Insights, Inc.

Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health. This in turn has led to a surge in demand for various functional foods
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock. According to Global Market Insights Inc estimates
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key players Eaton, Schneider, Siemens, Hitachi, Powell, Hubbell
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091 Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products. Prenatal vitamin ingredients can

All 5 Releases


More Releases for Monochloroacetic

Chloroacetic Acid (Monochloroacetic Acid) Market 2022 | Detailed Report
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)
Monochloroacetic Acid Market at a CAGR of 4.0%
The global monochloroacetic acid market was valued at US$ 815.74 Mn in 2018 and is anticipated to expand at a CAGR of approximately 4.0% during the forecast period, according to a new report titled ‘Monochloroacetic Acid Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’ published by Transparency Market Research (TMR) The report infers to the usage of monochloroacetic acid for oil drilling activities. Asia Pacific is the
Global and United States Monochloroacetic Acid (MCAA) Market, Global and United …
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 in
3 vital trends impacting monochloroacetic acid market outlook
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. The
Emerging Evolution in Monochloroacetic Acid Market: Trends and Top Monochloroace …
Monochloroacetic Acid (MCAA) Market 2019 Report analyses the Industry Status, Size, Share, Emerging Trends, Growth Opportunity, Competition landscape and Forecast to 2023. This report also provides data on Patterns, Improvements, Target Business Sectors, Limits and Advancements. Global Monochloroacetic Acid (MCAA) Market overview: Detailed Study on Monochloroacetic Acid (MCAA) Market is growing at a CAGR during Forecasts year 2023. This Report covers the Major Players data, including: shipment, revenue, gross profit, interview record,
Global Monochloroacetic Acid Market- CABB, AkzoNobel, Niacet, Denak
Global Market Study Evaluate on Monochloroacetic Acid Industry by Type, Manufacturers, Application, Type, and Regions, Forecast up to 2022 The scope of the global Monochloroacetic Acid market report is: Global Monochloroacetic Acid MarketThis report offers a comprehensive evaluation of the Monochloroacetic Acid market. It does so by in-depth qualitative insights, historical Monochloroacetic Acid market data, and verifiable projections about global Monochloroacetic Acid market size. The projections featured in the Monochloroacetic Acid market