India Sodium Monochloro Acetate (SMCA) Market Report and Forecast 2024-2032

India Sodium Monochloro Acetate (SMCA) Market Report and Forecast 2024-2032

Market Outlook

According to the report the India sodium monochloro acetate (SMCA) market is aided by the growth of India agrochemical market, which is projected to grow at a CAGR of 8.6% between 2024 and 2032 to reach a value of about USD 11.72 billion by 2032. Aided by the growing expansion of the textile sector in the country, the market is expected to grow significantly by 2032.

SMCA, a derivative of Monochloroacetic Acid (MCA), is extensively used in the manufacturing of various products such as carboxymethyl cellulose (CMC), agrochemicals, surfactants, and thickeners. Its diverse applications span across numerous industries including pharmaceuticals, personal care, oil & gas, and textiles, among others.

The India sodium monochloro acetate (SMCA) market demand is primarily driven by the expanding pharmaceutical and personal care industries. In the pharmaceutical sector, SMCA is instrumental in the production of carboxymethyl cellulose, which is used as a stabiliser and thickener in various medicinal formulations. The increasing healthcare expenditure and the rising demand for advanced medical treatments have augmented the demand for SMCA in this sector.

According to the India sodium monochloro acetate (SMCA) market analysis, in the realm of personal care and cosmetics, SMCA finds application in the manufacturing of surfactants and thickeners, essential components in products like shampoos, soaps, and lotions. The growing awareness regarding personal hygiene and the rising disposable income in India have fuelled the growth of the personal care industry, subsequently driving the demand for SMCA.

The agrochemicals sector also presents a significant application area for SMCA, where it is used in the production of herbicides and pesticides. With India's large agricultural base and the increasing need for crop protection chemicals, the demand for SMCA in this sector is on the rise.

Furthermore, the textile industry's consistent growth in India provides an additional impetus to the SMCA market. SMCA is used in the production of carboxymethyl starch, a sizing agent in the textile industry. The expansion of the textile sector, coupled with the increasing export demand, has positively impacted the India sodium monochloro acetate (SMCA) market outlook.

The sodium monochloro Acetate market in India is poised for substantial growth, driven by its wide-ranging applications across diverse industries. The increasing demand from the pharmaceutical, personal care, agrochemicals, and textile industries, along with the ongoing advancements in production technologies, are set to propel the market forward. With favourable market dynamics and the growing importance of SMCA in various industrial applications, the market is expected to witness significant expansion, offering a plethora of opportunities for market players in the upcoming years.

Market Segmentation

The market can be divided based on grade, end use, and region.

Market Breakup by Grade

• Technical Grade
• Pharmaceutical Grade
• Others

Market Breakup by End Use

• Agrochemical
• Chemical
• Pharmaceutical
• Textile
• Others

Market Breakup by Region

• North India
• East India
• West India
• South India

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the India sodium monochloro acetate (SMCA) market. Some of the major players explored in the report are as follows:

• Archit Organosys Ltd.
• Jubilant Ingrevia Limited
• Others