Monochloroacetic Acid Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Form (Crystalline, Liquid and Flakes), By Application (Carboxymethylcellulose (CMC), Agrochemicals, Surfactants, Thioglycolic Acid (TGA), Others), By Region and Competition

  • Industry : Chemicals
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  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 868.52 million

CAGR (2023-2028)

3.30%

Fastest Growing Segment

Crystalline

Largest Market

Asia Pacific

Market Overview

Global Monochloroacetic Acid (MCA) Market has valued at USD 868.52 million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 3.30% through 2028. Monochloroacetic acid, also known as MCA, 2-chloroacetic acid, and chiorosthanoic acid, is an industrial chemical commonly used in carboxylation processes. It is a crystalline, colorless solid with high water solubility. The haloacetic acid family, including monochloroacetic acid, is formed by replacing one of acetic acid's hydrogen atoms with a chlorine atom. In commercial production, acetic acid is chlorinated or combined with sodium chloroacetate and sulfuric acid. Monochloroacetic acid finds applications in various industries such as agriculture, healthcare, and chemical production. One of the key intermediates in the chemical industry is monochloroacetic acid (MCAA). Due to its strong reactivity, chloroacetic acid is utilized in a wide range of organic synthesis procedures. Its uses include the manufacturing of plant protection products, fertilizers, polymers, detergents, paints and lacquers, cosmetics, and personal hygiene products. Moreover, chloroacetic acid plays a significant role in operations across the mining, pulp, and paper, pharmaceutical, food, and other industries. The production of carboxymethylcellulose (CMC) is the primary application of MCAA, accounting for up to 30% of global production. The market for monochloroacetic acid is expanding due to the increasing demand for agrochemicals, particularly herbicides. As the global population continues to grow, there is a substantial need for food and agricultural products. To meet this demand, agricultural output must increase. Herbicides, including those containing MCA, play a crucial role in enhancing agricultural output and protecting crops from pests, diseases, and weeds. MCA-containing herbicides are particularly important for efficient weed control, ensuring healthier crop development and higher yields. Effective weed management is a critical concern for farmers aiming to minimize losses while maximizing output. MCA-containing herbicides provide selective and efficient weed control while reducing crop-weed competition, thus driving the demand for MCA.

 Key Market Drivers

Growing Demand of Monochloroacetic Acid in Construction Industry

Monochloroacetic acid (MCA) is a highly versatile chemical compound that plays a pivotal role in numerous industries. Its applications span across various sectors, with the construction industry emerging as a significant driver of the global monochloroacetic acid market in recent years. In the construction industry, monochloroacetic acid finds extensive use in the manufacturing of carboxymethylcellulose (CMC). This compound serves as a vital component in cement-based products like mortar and grouts. Acting as a thickening agent, binding agent, and water-retaining agent, CMC enhances the performance and workability of construction materials. With the growing construction activities worldwide, there has been an upsurge in the demand for CMC, consequently driving the demand for monochloroacetic acid. Furthermore, monochloroacetic acid is also widely utilized in the production of thioglycolic acid, which is a key ingredient in formulating adhesives and sealants extensively used in the construction industry. These adhesive products offer excellent bonding strength and flexibility, making them essential for various construction applications such as flooring, roofing, and insulation. The increasing adoption of these adhesive products in the construction sector has resulted in a surge in the demand for monochloroacetic acid. Moreover, glycine, another significant application of MCA, contributes to the growth of the global monochloroacetic acid market. Glycine is widely employed in the production of concrete additives that improve the durability and strength of concrete structures. With the rising focus on infrastructure development, the demand for high-performance concrete additives has witnessed a substantial increase, consequently propelling the demand for monochloroacetic acid. The construction industry's increasing preference for sustainable and eco-friendly materials has also played a part in the growth of the global monochloroacetic acid market. MCA has proven to be an environmentally friendly compound, aligning with the industry's sustainability goals. Its non-toxic nature and biodegradable properties make it a preferred choice over other chemical compounds. In conclusion, the diverse applications of monochloroacetic acid in the construction industry, including the manufacturing of CMC, production of thioglycolic acid, and usage in concrete additives, have contributed to its rising demand. Additionally, its eco-friendly nature has further fueled its growth in the global market, making it an indispensable chemical compound in the construction sector.

Growing Demand of Monochloroacetic Acid from Food & Beverage Industry

In recent years, the food and beverage industry has emerged as a significant driver of the global monochloroacetic acid (MCA) market. This versatile compound finds extensive use in various aspects of the food and beverage industry, particularly as a food additive. One of the primary applications of monochloroacetic acid in the food and beverage industry is as a preservative, flavoring agent, and pH regulator in processed foods. Its role as a preservative helps to extend the shelf life of food products by inhibiting the growth of bacteria and other microorganisms. Additionally, monochloroacetic acid's ability to maintain the quality and freshness of various food items has led to a growing demand for its use in the food industry. Moreover, monochloroacetic acid plays a crucial role in the production of certain food ingredients, such as carboxymethylcellulose (CMC). CMC is widely used as a thickening agent, stabilizer, and emulsifier in a variety of food and beverage products. Its inclusion in dairy products, baked goods, and beverages has further fueled the demand for monochloroacetic acid from the food and beverage industry. Furthermore, monochloroacetic acid is also essential in the production of specific food additives, including chloroacetic acid salts. These salts are utilized as acidity regulators, firming agents, and leavening agents in the food industry. The increasing consumer preference for processed foods that offer texture enhancement, improved taste, and extended shelf life has contributed to the growing demand for monochloroacetic acid-driven food additives. The robust and expanding role of monochloroacetic acid in the food and beverage industry underscores its significance as a critical component in ensuring food safety, quality, and innovation.

Growing Utilization of Monochloroacetic Acid in Personal Care Products

Monochloroacetic acid (MCA) has been gaining significant traction in the personal care industry due to its extensive utilization in various products. As consumers become more conscious of their personal care routines and seek high-quality formulations, the demand for MCA in the production of personal care products has witnessed remarkable growth. One of the main applications of monochloroacetic acid in the personal care industry is in the production of surfactants. Surfactants play a vital role in the cleansing and foaming properties of personal care products such as shampoos, body washes, facial cleansers, and soaps. MCA is utilized as a key intermediate in the synthesis of surfactants like sodium lauryl sulfate (SLS) and sodium laurate sulfate (SLES). These surfactants enhance the cleaning efficacy and lathering ability of personal care products, thus making them more appealing to consumers. The growing demand for high-performance cleansing products has fueled the utilization of monochloroacetic acid in the personal care industry. Furthermore, monochloroacetic acid is also employed in the production of certain cosmetic ingredients, including glycolic acid. Glycolic acid is widely used in skincare formulations for its exfoliating and anti-aging properties. It helps in removing dead skin cells, promoting cellular turnover, and improving the overall texture and appearance of the skin. The rising demand for innovative and effective skincare solutions has resulted in an increased utilization of monochloroacetic acid-driven cosmetic ingredients in various personal care products. In addition to its applications in surfactants and cosmetic ingredients, MCA also finds application in other personal care products such as hair care, oral care, and antiperspirants. Its versatile properties make it a valuable ingredient in formulating high-quality and effective products that cater to the evolving needs of consumers. Overall, the utilization of monochloroacetic acid in the personal care industry continues to grow, driven by the demand for superior cleansing, skincare, and personal care products. The versatility and effectiveness of MCA make it a key ingredient in formulating innovative and high-performing products that meet the evolving preferences of consumers.


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Key Market Challenges

Economic Volatility and Supply Chain Risks

One of the primary challenges faced by the monochloroacetic acid market is economic volatility. Fluctuating economic conditions, such as changes in GDP growth rates, inflation, and exchange rates, can significantly influence the demand and supply dynamics of monochloroacetic acid. For instance, during economic downturns and recessions, reduced consumer spending power can lead to a decline in demand for personal care products, which ultimately affects the demand for MCA. Moreover, economic uncertainties can impact investment decisions and disrupt the overall market stability, causing market players to face challenges in planning and strategizing their operations. Another significant challenge for the monochloroacetic acid market is supply chain risks. The complex and globalized nature of the supply chain exposes the market to various risks, including geopolitical tensions, trade disputes, and disruptions in raw material availability. For example, geopolitical tensions between countries can result in trade restrictions and hinder the smooth flow of raw materials required for MCA production. Additionally, any disruption in the supply chain, such as delays in transportation, shortage of key raw materials, or regulatory hurdles, can have significant implications on the production and delivery of monochloroacetic acid. These risks can lead to increased production costs, delayed product launches, and potential revenue losses for market players, thereby highlighting the need for robust supply chain management strategies and contingency plans in the monochloroacetic acid industry.

Environmental Regulations and Health Concerns

Environmental regulations play a critical role in shaping the monochloroacetic acid market. Governments and regulatory bodies worldwide are increasingly focused on protecting the environment and human health by implementing stringent measures. The production, usage, handling, transportation, and disposal of monochloroacetic acid are subject to comprehensive regulations to minimize adverse impacts on ecosystems, public health, and the overall well-being of communities. Compliance with these regulations can pose significant challenges for market players. They are required to invest in advanced technologies, waste management systems, and sustainable manufacturing processes to meet the stringent environmental standards. This entails adopting cleaner production methods, reducing emissions, and implementing efficient waste treatment procedures to mitigate any potential harm to the environment. Furthermore, health concerns associated with monochloroacetic acid have been a subject of increased scrutiny and regulation. Exposure to this chemical compound can have adverse health effects on workers involved in its manufacturing and handling, as well as consumers using products containing monochloroacetic acid. Respiratory issues, skin irritation, eye damage, and potential long-term effects on organs are among the health risks associated with this chemical. To ensure the safety of workers and end-users, market players must address these concerns through rigorous safety protocols, employee training, and clear product labeling that provides necessary information for safe use. By emphasizing environmental sustainability and prioritizing the health and safety of workers and consumers, market players can maintain compliance, build consumer confidence, and contribute to a more sustainable and responsible monochloroacetic acid market.

Key Market Trends

Growth in Technological Advancements

One significant aspect of technological advancements in the monochloroacetic acid market is the development of more efficient and sustainable manufacturing processes. Traditional methods of monochloroacetic acid production often involved energy-intensive processes and generated harmful waste by-products, leading to environmental concerns. However, with the advent of new technologies, manufacturers can now utilize cleaner and greener production methods that address these challenges. For instance, the adoption of advanced catalysts and optimized reaction conditions has led to increased yields and reduced energy consumption during the synthesis of monochloroacetic acid. By fine-tuning the reaction parameters, manufacturers can achieve higher conversion rates and minimize the formation of unwanted by-products. Additionally, the implementation of innovative separation techniques allows for more efficient purification and recovery of monochloroacetic acid, further minimizing waste generation and improving the overall sustainability of the process. Moreover, advancements in automation and process control systems have played a crucial role in streamlining manufacturing operations. Automated systems ensure precise control over various parameters, such as temperature, pressure, and reaction time, leading to higher product yields and reduced variations in product quality. Furthermore, these systems enhance safety by minimizing human error and enabling real-time monitoring of critical process parameters. Furthermore, advancements in biotechnology and genetic engineering have contributed to the development of genetically modified crops that are resistant to pests and diseases. This has increased the demand for agrochemicals, including monochloroacetic acid, as these crops require effective pest management solutions. The use of monochloroacetic acid in agriculture helps ensure optimal crop growth and productivity while minimizing the use of more harmful chemicals. In conclusion, the monochloroacetic acid market has witnessed significant advancements in manufacturing processes, automation, and biotechnology. These developments have not only improved the efficiency and sustainability of monochloroacetic acid production but also contributed to enhanced product consistency, safety, and the overall growth of the agrochemical industry.

Segmental Insights

Form Insights

In 2022, the Monochloroacetic Acid market was dominated by the Crystalline and is predicted to continue expanding over the coming years. The crystalline structure, with its highly organized and symmetrical arrangement of molecules, finds extensive applications across various industries. One prominent application is in the production of carboxymethyl cellulose (CMC), a versatile compound used in diverse fields such as pharmaceuticals, cosmetics, and food processing. CMC is derived from crystalline monochloroacetic acid, an essential raw ingredient that undergoes a series of chemical processes. As a result, CMC emerges as a valuable substance that serves as a binder, stabilizer, and thickener in a wide range of industrial applications, contributing to the functionality and quality of countless products.

Application Insights

In 2022, the Monochloroacetic Acid market was dominated by Carboxymethylcellulose (CMC) and is predicted to continue expanding over the coming years. The key factor driving the growth of this segment is the rapid adoption of Carboxymethyl cellulose (CMC). CMC is extensively used in a wide range of high-tech applications, playing a crucial role in biomedical engineering, food industry, paper manufacturing, textile production, pharmaceutical sector, as well as energy generation and storage. Its unique surface qualities, exceptional mechanical strength, adjustable hydrophilicity, and viscous properties make it highly versatile and valuable. Moreover, the abundant availability of raw ingredients, coupled with its low-cost synthesis technique, further contribute to its widespread usage. Despite these favourable attributes, there are also several opposing factors that need to be considered, adding complexity to the overall dynamics of CMC utilization.


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Regional Insights

The Asia Pacific region has established itself as the leader in the Global Monochloroacetic Acid Market. The monochloroacetic acid market is experiencing significant growth, primarily driven by the increasing interest in agrochemicals. This trend presents numerous new opportunities for the MCA industry. The rapid industrialization and urbanization of key countries, such as China and India, further contribute to the rising demand for a wide range of consumer goods. With evolving lifestyles and growing disposable income, monochloroacetic acid plays a crucial role in the production of surfactants, materials, and personal care products. These segments are currently witnessing a surge in demand, creating a favorable market environment for the monochloroacetic acid industry.

Recent Developments

  • In April 2021, Atul Limited and specialty chemicals company Nouryon successfully commenced production at Heaven, a new joint venture located in Gujarat, India. This strategic partnership aims to cater to the rapidly growing demand in the Indian agricultural, personal care, and pharmaceutical sectors. The production site currently has a capacity of 32,000 tons of monochloroacetic acid (MCA) per year.
  • In September 2021, the Board of Directors of Archit Organosys approved a proposal to expand the production capacity by 12,000 tpa at the existing Bhavnagar plant in Gujarat. The project will require an investment of Rs five crore, which will be financed through internal accruals. The company has observed a surge in demand for Monochloro Acetic Acid (MCA) in both domestic and export markets.

Key Market Players

·              Denak Co., Ltd.

·              Henan HDF Chemical Company, Ltd.

·              ITALMAR (THAILAND) CO., LTD.

·              Jiangxi Biochem Co., Ltd.

·              Archit Organosys Ltd.

·              Merck KGaA

·              Meridian Chem Bond Pvt. Ltd.

·              Nouryon Holding B.V.

·              Shandong Minji New Material Technology Co., Ltd.

·              Terratech AG

By Form

By Application

By Region
  • Crystalline
  • Liquid
  • Flakes
  • Carboxymethylcellulose (CMC)
  • Agrochemicals
  • Surfactants
  • Thioglycolic Acid (TGA)
  • Others
  • North America
  • Asia Pacific
  • Europe
  • Middle East & Africa
  • South America

Report Scope:

In this report, the Global Monochloroacetic Acid Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Monochloroacetic Acid Market, By Form:
    • Crystalline
    • Liquid
    • Flakes
  • Monochloroacetic Acid Market, By Application:
    • Carboxymethylcellulose (CMC)
    • Agrochemicals
    • Surfactants
    • Thioglycolic Acid (TGA)
    • Others
  • Monochloroacetic Acid Market, By Region:
    • Asia Pacific
    • North America
    • Europe
    • Middle East & Africa
    • South America

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Monochloroacetic Acid Market.

Available Customizations:

Global Monochloroacetic Acid Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

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Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.           Markets Covered

1.2.2.           Years Considered for Study

1.2.3.           Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Applications

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Impact of COVID-19 on Global Monochloroacetic Acid Market

5.    Global Monochloroacetic Acid Market Outlook

5.1.  Market Size & Forecast

5.1.1.           By Value

5.2.  Market Share & Forecast

5.2.1.           By Form (Crystalline, Liquid and Flakes)

5.2.2.           By Application (Carboxymethylcellulose (CMC), Agrochemicals, Surfactants, Thioglycolic Acid (TGA), Others)

5.2.3.           By Region

5.2.4.           By Company (2023)

5.3.  Market Map

6.    Asia Pacific Monochloroacetic Acid Market Outlook

6.1.  Market Size & Forecast

6.1.1.           By Value

6.2.  Market Share & Forecast

6.2.1.           By Form

6.2.2.           By Application

6.2.3.           By Country

6.3.  Asia Pacific: Country Analysis

6.3.1.           China Monochloroacetic Acid Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.            By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.            By Form

6.3.1.2.2.            By Application

6.3.2.           India Monochloroacetic Acid Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.            By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.            By Form

6.3.2.2.2.            By Application

6.3.3.           Australia Monochloroacetic Acid Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.            By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.            By Form

6.3.3.2.2.            By Application

6.3.4.           Japan Monochloroacetic Acid Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.            By Value

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.            By Form

6.3.4.2.2.            By Application

6.3.5.           South Korea Monochloroacetic Acid Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.            By Value

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.            By Form

6.3.5.2.2.            By Application

7.    Europe Monochloroacetic Acid Market Outlook

7.1.  Market Size & Forecast

7.1.1.           By Value

7.2.  Market Share & Forecast

7.2.1.           By Form

7.2.2.           By Application

7.2.3.           By Country

7.3.  Europe: Country Analysis

7.3.1.           France Monochloroacetic Acid Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.            By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.            By Form

7.3.1.2.2.            By Application

7.3.2.           Germany Monochloroacetic Acid Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.            By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.            By Form

7.3.2.2.2.            By Application

7.3.3.           Spain Monochloroacetic Acid Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.            By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.            By Form

7.3.3.2.2.            By Application

7.3.4.           Italy Monochloroacetic Acid Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.            By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.            By Form

7.3.4.2.2.            By Application

7.3.5.           United Kingdom Monochloroacetic Acid Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.            By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.            By Form

7.3.5.2.2.            By Application

8.    North America Monochloroacetic Acid Market Outlook

8.1.  Market Size & Forecast

8.1.1.           By Value

8.2.  Market Share & Forecast

8.2.1.           By Form

8.2.2.           By Application

8.2.3.           By Country

8.3.  North America: Country Analysis

8.3.1.           United States Monochloroacetic Acid Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.            By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.            By Form

8.3.1.2.2.            By Application

8.3.2.           Mexico Monochloroacetic Acid Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.            By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.            By Form

8.3.2.2.2.            By Application

8.3.3.           Canada Monochloroacetic Acid Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.            By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.            By Form

8.3.3.2.2.            By Application

9.    South America Monochloroacetic Acid Market Outlook

9.1.  Market Size & Forecast

9.1.1.           By Value

9.2.  Market Share & Forecast

9.2.1.           By Form

9.2.2.           By Application

9.2.3.           By Country

9.3.  South America: Country Analysis

9.3.1.           Brazil Monochloroacetic Acid Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.            By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.            By Form

9.3.1.2.2.            By Application

9.3.2.           Argentina Monochloroacetic Acid Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.            By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.            By Form

9.3.2.2.2.            By Application

9.3.3.           Colombia Monochloroacetic Acid Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.            By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.            By Form

9.3.3.2.2.            By Application

10.  Middle East and Africa Monochloroacetic Acid Market Outlook

10.1.            Market Size & Forecast

10.1.1.        By Value

10.2.            Market Share & Forecast

10.2.1.        By Form

10.2.2.        By Application

10.2.3.        By Country

10.3.            MEA: Country Analysis

10.3.1.        South Africa Monochloroacetic Acid Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Form

10.3.1.2.2.         By Application

10.3.2.        Saudi Arabia Monochloroacetic Acid Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Form

10.3.2.2.2.         By Application

10.3.3.        UAE Monochloroacetic Acid Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Form

10.3.3.2.2.         By Application

11.  Market Dynamics

11.1.            Drivers

11.2.            Challenges

12.  Market Trends & Developments

12.1.            Recent Developments

12.2.            Product Launches

12.3.            Mergers & Acquisitions

13.  Global Monochloroacetic Acid Market: SWOT Analysis

14.  Porter’s Five Forces Analysis

14.1.            Competition in the Industry

14.2.            Potential of New Entrants

14.3.            Power of Suppliers

14.4.            Power of Customers

14.5.            Threat of Substitute Product

15.  PESTLE Analysis

16.  Competitive Landscape

16.1.            Denak Co. Ltd.

16.1.1.        Business Overview

16.1.2.        Company Snapshot

16.1.3.        Products & Services

16.1.4.        Financials (As Reported)

16.1.5.        Recent Developments

16.2.            Henan HDF Chemical Company, Ltd.

16.3.            ITALMAR (THAILAND) CO., LTD.

16.4.            Jiangxi Biochem Co., Ltd.

16.5.            Archit Organosys Ltd.

16.6.            Merck KGaA

16.7.            Meridian Chem Bond Pvt. Ltd.

16.8.            Nouryon Holding B.V.

16.9.            Shandong Minji New Material Technology Co., Ltd.

16.10.         Terratech AG

17.  Strategic Recommendations

18.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Monochloroacetic Acid Market was estimated to be USD 868.52 million in 2022.

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Denak Co., Ltd., Henan HDF Chemical Company, Ltd., ITALMAR (THAILAND) CO., LTD., Jiangxi Biochem Co., Ltd., Archit Organosys Ltd., Merck KGaA, Meridian Chem Bond Pvt. Ltd., Nouryon Holding B.V., Shandong Minji New Material Technology Co., Ltd., Terratech AG are some of the key players operating in the Global Monochloroacetic Acid Market.

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Volatility in economy and environmental regulations are the major challenges faced by the Global Monochloroacetic Acid Market in the upcoming years.

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Growing demand for monochloroacetic acid from construction, food and beverage and personal care industries are driving the growth of the Global Monochloroacetic Acid Market.

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Sakshi Bajaal

Business Consultant
Press Release

Global Monochloroacetic Acid Market to be dominated by utilization of monochloroacetic acid in agriculture industry through 2028

Sep, 2023

Initiatives taken by the government to support the production of monochloroacetic acid are the major drivers for the Global Monochloroacetic Acid Market.

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