Monochloroacetic Acid Market was valued at USD 0.94 Billion in 2022 and is projected to reach USD 1.53 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The global monochloroacetic acid (MCAA) market was valued at approximately USD 900 million in 2022 and is expected to witness significant growth in the coming years. It is projected to grow at a compound annual growth rate (CAGR) of around 5.5% during the forecast period from 2022 to 2030. Monochloroacetic acid, primarily used in the production of carboxymethyl cellulose (CMC), thioglycolic acid, and other chemicals, has seen rising demand from various industries such as agrochemicals, pharmaceuticals, personal care, and food processing. The growing demand for herbicides, pesticides, and surfactants, especially in developing economies, is contributing to the market's expansion. Additionally, the increasing use of monochloroacetic acid in the pharmaceutical sector for the production of drugs and the cosmetic industry for personal care products is boosting market growth.Emerging markets in the Asia-Pacific region, particularly China and India, are expected to offer substantial growth opportunities for the monochloroacetic acid market. These regions are witnessing rapid industrialization and increasing demand for agrochemicals due to expanding agricultural activities. Furthermore, the rising production capacities in these regions for monochloroacetic acid, coupled with growing investments in chemical manufacturing, are driving the market. North America and Europe also hold significant shares due to the high demand for monochloroacetic acid in the pharmaceutical and personal care industries. However, environmental concerns and stringent regulations regarding chemical production may pose challenges to market growth in some regions.
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AkzoNobel
CABB
Denak
Dow
Daicel Chemical Industries
Niacet
Meridian Chem-Bond Ltd
Shri Chlochem
China Pingmei Shenma Group
Jiangsu New Century Salt Chemistry
Shijiazhuang Banglong Chemical
Shijiazhuang Bide Huagong
Shandong Huayang Technology
Chongqing Seayo Chemical Industry
Jiangsu Tongtai Chemical
Luzhou Hepu Chemical
Henan HDF Chemical
Shandong MinJi Chemical
Hangzhou Chuanggao Industry
Jiangmen Guangyue Electrochemical
Puyang Tiancheng Chemical
Tiande Chemical
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Monochloroacetic Acid Market
Carboxymethyl Cellulose (CMC)
Agrochemical
Surfactants
Thioglycolic acid (TGA)
Others
Based on Types the Market is categorized into Below types that held the largest Monochloroacetic Acid market share In 2023.
Solution
Powder
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Monochloroacetic Acid Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Monochloroacetic Acid Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Monochloroacetic Acid Market, By Type
6. Global Monochloroacetic Acid Market, By Application
7. Global Monochloroacetic Acid Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Monochloroacetic Acid Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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