Increasing use of recycled paper and related products is driving demand for monochloroacetic acid-based product carboxy methyl cellulose (CMC), which is a key factor driving market revenue growth.
Market Size - USD 1,169.3 Million in 2020, Market Growth - CAGR of 3.4%, Market Trends - Increasing consumption of MCA to manufacture various chemicals
The global monochloroacetic acid market size is expected to reach USD 893.0 Million in 2028, and register a CAGR of 3.4% during the forecast period. Increasing consumption of monochloroacetic acid (MCA) for drugs formulation in pharmaceutical industry, and for formulation of detergents in home care industry are major factors expected to drive market growth.
Carboxymethyl cellulose (CMC) synthesis process requires large amount of monochloroacetic acid, and CMC is widely used in the food & beverages industry for making products such as alcoholic & non-alcoholic beverages, powdered drinks, ice-creams, etc. Thus, increasing consumption of CMC is resulting in need for monochloroacetic acid, thereby, driving growth of the market.
Growing concerns about possible side-effects over-use of monochloroacetic acid, and shifting preference for bio-based chemicals over synthetic chemicals among the end-use industry manufacturers, could hamper market growth.
Some Key Findings From the Report:
For the purpose of this report, the global monochloroacetic acid market is segmented on the basis of process type, product type, application, and region:
Process Type Outlook
Product Type Outlook
Application Outlook
Region Outlook
Reasons to Buy the Report
Market Size - USD 1,169.3 Million in 2020, Market Growth - CAGR of 3.4%, Market Trends - Increasing consumption of MCA to manufacture various chemicals
The global monochloroacetic acid market size is expected to reach USD 893.0 Million in 2028, and register a CAGR of 3.4% during the forecast period. Increasing consumption of monochloroacetic acid (MCA) for drugs formulation in pharmaceutical industry, and for formulation of detergents in home care industry are major factors expected to drive market growth.
Carboxymethyl cellulose (CMC) synthesis process requires large amount of monochloroacetic acid, and CMC is widely used in the food & beverages industry for making products such as alcoholic & non-alcoholic beverages, powdered drinks, ice-creams, etc. Thus, increasing consumption of CMC is resulting in need for monochloroacetic acid, thereby, driving growth of the market.
Growing concerns about possible side-effects over-use of monochloroacetic acid, and shifting preference for bio-based chemicals over synthetic chemicals among the end-use industry manufacturers, could hamper market growth.
Some Key Findings From the Report:
- Among the process type segments, the chlorination segment is projected to register the highest CAGR during the forecast period.
- Among the product type segments, the dry powder product segment accounted for the largest revenue share in the global monochloroacetic acid market in 2020.
- Among the application segments, the surfactants segment accounted for the largest revenue share in 2020, due to extensive use of the product as dispersants, emulsifiers, foaming agents, detergents, wetting agents, etc.
- The Asia Pacific market accounted for the largest revenue share in 2020, and is expected to continue with its dominance over the forecast period, due to rising adoption of monochloroacetic acid for application in agrochemicals, cellulosics, surfactants, thioglycolic acid, etc., and robust growth of product end-use industries.
- Europe market is expected to register a robust revenue CAGR during the forecast period.
- North America market accounted for moderately high revenue share in the global market in 2020, due to growing consumption of monochloroacetic acid for use in various end-use industries including medical, chemical, and agriculture.
- Companies considered and profiled in the market report include AkzoNobel N.V., CABB GmbH, Daicel Corporation, Denak Co. Ltd., The Dow Chemical Company, PCC SE, Niacet Corporation, Xuchang Dongfang Chemical Co. Ltd., Shandong Minji Chemical Co. Ltd., and Shiv Chem Industries. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
For the purpose of this report, the global monochloroacetic acid market is segmented on the basis of process type, product type, application, and region:
Process Type Outlook
- Chlorination
- Hydrolysis
Product Type Outlook
- Dry Powder
- Liquid
- Pellets
- Others
Application Outlook
- Cellulosics
- Agrochemicals
- Surfactants
- Thioglycolic Acid
- Others
Region Outlook
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Monochloroacetic Acid Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in Monochloroacetic Acid Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Monochloroacetic Acid Market Segmentation & Impact Analysis
Chapter 5. Monochloroacetic Acids By Process Type Insights & Trends
Chapter 6. Monochloroacetic Acids By Product Type Insights & Trends
Chapter 7. Monochloroacetic Acids By Application Insights & Trends
Chapter 8. Monochloroacetic Acid Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
Companies Mentioned
- AkzoNobel N.V.
- CABB GmbH
- Daicel Corporation
- Denak Co. Ltd.
- The Dow Chemical Company
- PCC SE
- Niacet Corporation
- Xuchang Dongfang Chemical Co. Ltd.
- Shandong Minji Chemical Co. Ltd.
- Shiv Chem Industries
