Pure Monochloroacetic Acid Market was valued at USD 0.76 Billion in 2022 and is projected to reach USD 1.18 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
The pharmaceutical industry also plays a pivotal role in the growth of the Pure Monochloroacetic Acid market. MCA is an essential component in the synthesis of several pharmaceutical compounds, including ibuprofen and other non-steroidal anti-inflammatory drugs (NSAIDs). The increasing prevalence of chronic diseases, rising healthcare expenditures, and ongoing pharmaceutical R&D activities are contributing to the sustained demand for MCA. Furthermore, the global shift towards preventive healthcare and the development of new drug formulations continue to stimulate the pharmaceutical segment's growth.
Another critical factor contributing to the market growth is the expanding personal care industry. MCA is used in the production of carboxymethyl cellulose (CMC), which is a key ingredient in various personal care products such as shampoos, toothpaste, and cosmetics. The rising consumer awareness about personal hygiene, increasing disposable income, and the trend towards premium and organic personal care products are driving the demand for MCA. Additionally, innovations in personal care formulations and the introduction of new product lines are expected to propel market growth further.
Regionally, the Asia Pacific dominates the Pure Monochloroacetic Acid market, accounting for the largest market share. The region's robust industrial base, particularly in China and India, coupled with the growing demand for agrochemicals and pharmaceuticals, is a significant growth driver. North America and Europe also represent substantial market shares due to their well-established pharmaceutical and personal care industries. However, the Asia Pacific region is expected to witness the highest CAGR during the forecast period, driven by rapid industrialization, urbanization, and favorable government initiatives promoting chemical manufacturing.
Looking ahead, the demand for Pure Monochloroacetic Acid from 2023 to 2033 is expected to remain strong, driven by its versatile applications across various industries. The ongoing advancements in production technologies, coupled with the increasing focus on sustainable and eco-friendly practices, are likely to further boost the market. Additionally, the exploration of new applications and the development of bio-based sources or substitutes for MCA production are anticipated to open new avenues for market growth in the coming years.
Get an In-Depth Research Analysis of the Global Pure Monochloroacetic Acid Market Size And Forecast [2025-2032]
Between 2018 and 2022, the Pure Monochloroacetic Acid (MCA) market experienced notable growth, driven by its extensive applications in various industries. The market size was valued at approximately USD 900 million in 2023, with projections indicating a rise to USD 1,450 million by 2032, reflecting a compound annual growth rate (CAGR) of 5.5% during the forecast period.
In the agrochemical sector, MCA serves as a critical raw material for producing herbicides, pesticides, and insecticides, notably glyphosate. The increasing global population and the consequent need to enhance agricultural productivity have spurred the demand for agrochemicals, thereby boosting the MCA market. Additionally, the push towards more sustainable and effective agricultural practices has further amplified the need for MCA-based agrochemicals.
Akzonobel
CABB
Daicel
Shandong Minji Chemical
PCC
Archit Organosys
Denak
Kaifeng Dongda Chemical Company
Meridian Chem-Bond
Niacet
Henan HDF Chemical Company
Puyang Tiancheng Chemical Co.
Ltd.
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.
Get Discount On The Purchase of the Global Pure Monochloroacetic Acid Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Pure Monochloroacetic Acid Market
CMC
Agrochemicals
Surfactants
TGA
Others
Based on Types the Market is categorized into Below types that held the largest Pure Monochloroacetic Acid market share In 2023.
Crystalline
Liquid
Flakes
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)
For More Information or Query, Visit @ Pure Monochloroacetic Acid Market Research Analysis
1. Introduction of the Global Pure 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 Pure Monochloroacetic Acid Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Pure Monochloroacetic Acid Market, By Type
6. Global Pure Monochloroacetic Acid Market, By Application
7. Global Pure Monochloroacetic Acid Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Pure Monochloroacetic Acid Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/