India Sodium Monochloro Acetate (SMCA) Market Report and Forecast 2025-2034

The India sodium monochloro acetate (SMCA) market is aided by the growth of India agrochemical market, which attained a value of about USD 5.77 Billion in 2024. The India agrochemical market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 8.60% to reach nearly USD 13.17 Billion by 2034.

Surging Use of Agrochemicals Boosting the Market Growth of Sodium Monochloro Acetate (SMCA) in India

The robust growth of the agricultural industry is aiding the market growth for sodium monochloro acetate (SMCA) in India. The reducing arable land due to rapid urbanisation as well as the explosion of the population is increasing various innovations in agriculture to increase crop yield and meet food demands. Moreover, increasing developments in precision farming and integrated pest management (IPM) are surging the demand for agrochemicals that uses sodium monochloro acetate (SMCA) as a raw material. The use of sodium monochloro acetate (SMCA) in the production of 2,4-dichlorophenoxyacetic acid, which is a herbicide used in diverse applications such as forestry sites, aquatic sites, vegetable and food crops, and lawns, to regulate crops and prevent pest attacks, is propelling the industry growth in India.

In addition, the introduction of various initiatives by the Indian government to increase the domestic production of agrochemicals is also surging the use of sodium monochloro acetate (SMCA). For instance, the Indian government announced that it would bring a production-linked incentive (PLI) scheme for the promotion of the domestic manufacturing of agrochemicals under the Make in India scheme, which is boosting the growth of the sodium monochloro acetate (SMCA) industry in India.

Sodium Monochloro Acetate (SMCA): Market Segmentation

Sodium monochloro acetate (SMCA) is a chemical that is usually available in granular form. It is the sodium salt of chloroacetic acid that is soluble in water. It is toxic if ingested or inhaled, due to which it is extensively used in various herbicides and pesticides to prevent pest attacks. It is also used as a raw material in the manufacturing of various chemicals.

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

Robust Growth of the Chemical Industry Driving the Market Growth of Sodium Monochloro Acetate (SMCA) in India

The robust growth of the chemical industry in India is augmenting the growth of the sodium monochloro acetate (SMCA) industry. According to India Brand Equity Foundation (IBEF), India is the third-largest consumer of polymers, sixth-largest producer of chemicals, and fourth-largest producer of agrochemicals. These industries employ sodium monochloro acetate (SMCA) extensively as a raw material that is propelling the market growth. Moreover, the thriving paint and coating industry as well as cosmetics and personal care industries use various chemicals manufactured by sodium monochloro acetate (SMCA), which is further fuelling the industry growth.

Moreover, the rising demand for speciality chemicals from international companies, which are looking for high-quality and cost-effective chemicals to reduce their reliance on China is consequently increasing the demand for sodium monochloro acetate (SMCA) in various end-uses. This is expected to accelerate the market growth. The flourishing pharmaceuticals industry and the presence of the leading pharmaceutical companies in India are surging the demand for various chemicals such as glycolic acid, which is escalating the demand for sodium monochloro acetate (SMCA), hence contributing to the industry growth.

Key Industry Players in the India Sodium Monochloro Acetate (SMCA) Market

The report presents a detailed analysis of the following key players in the India sodium monochloro acetate (SMCA) market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Archit Organosys Ltd.
• Jubilant Ingrevia Limited
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.