Monochloroacetic Acid Market Size, Share, Trends, Growth and Forecast 2032

Global Monochloroacetic Acid Market Insights

According to Zion Market Research, the global Monochloroacetic Acid Market was worth USD 959.76 Million in 2023. The market is forecast to reach USD 1580.65 Million by 2032, growing at a compound annual growth rate (CAGR) of 5.7% during the forecast period 2024-2032.

The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Monochloroacetic Acid industry over the next decade.

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Monochloroacetic Acid Market Overview

The global monochloroacetic acid market has witness to prominent growth and is expected to grow at a noticeable rate within the forecast period. There is immense scope in monochloroacetic acid market owing to variety of applications and growing demand in the market. Monochloroacetic acid is abbreviated as MCAA which is used as a raw material for the production of carboxymethylcellulose, thioglycolic acid, crop protection chemicals and variety of other products (esters, amides, sodium salt of MCCA). Due to its usage, monochloroacetic acid has become extremely important compound in chemical Industry.

It is also used in pharmaceutical, personal care, textile and food and beverages industries. The global sodium acetate market growth relatively depends on the medical, food and preservative industries. The crucial factor which is driving the monochloroacetic acid is the demand of agrochemical industry, wherein the MCAA is used as intermediate for the production of pesticides like dimethoate, chloroacetyl chloride and 2, 4-dichlorophenoxyacetic acid.

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Monochloroacetic Acid Market: Segmentation

The global monochloroacetic acid market has been categorized on the basis of product, applications and end use. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Based on product form, monochloroacetic acid has been bifurcated into solid form and molten form.

In solid, monochloroacetic acid is in powder or flakes form whereas in molten form it is kept at tempreture more than 80 degree Celsius.

Based on application, monochloroacetic acid is used for the production of chemical compounds, drugs, herbicides & insecticides, indigo dyes and amphoteric surfactants. The amphoteric surfactants such as imidazolines and betaines are produced with the help of monochloroacetic acid which then further used as metal cleaning agents in industry.

Based on end use industry, monochloroacetic acid caters pharmaceutical, oil & gas, chemicals, food & beverages and personal care industries. In food and beverages, carboxymethylcellulose is utilixzed for making non-alcoholic and alcoholic drinks, powered drinks and ice-creams.

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Pharmaceutical sector and Personal care sector are the major factors which are strengthening as well as driving the monochloroacetic acid market. The demand for pharmaceutical and personal care industries has exponentially increased owing to rise in disposable income, changes in lifestyle, consumer preferences and consumption patterns. The consumers have major concern towards cleanliness and hygiene factors which have led the development of both the Pharmaceutical and personal care sectors. One of the factors which might hamper the monochloroacetic acid market is hazardous effect which causes skin and eye irritation. Apart from this, monochloroacetic acid has enormous opportunities in terms of market development.  

Monochloroacetic Acid Market: Report Scope

Monochloroacetic Acid Market Key Players

The Key players in the global monochloroacetic acid market are:

• CABB GmbH
• Shandong Minji Chemical Co. Ltd.
• Niacet Corporation
• PCC SE
• Denak Co. Ltd.
• AkzoNobel N.V.
• Jubilant Life Sciences Limited.

This report segments the global monochloroacetic acid market as follows:

Global Monochloroacetic Acid Market: Product Form Segment Analysis

• Solid Form
• Molten Form

Global Monochloroacetic Acid Market: Application Analysis

• Production of Chemical Compounds
• Drugs
• Herbicides & Insecticides
• Others

Global Monochloroacetic Acid Market: End-Use Industry Analysis

• Pharmaceutical Industry
• Chemical Industry
• Food & Beverages Industry
• Personal Care Industry
• Others

Global Monochloroacetic Acid Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa