Monochloroacetic Acid Market | Global Industry Report, 2031

1. 9/26/22, 11:57 AM Monochloroacetic Acid Market | Global Industry Report, 2031 Search report Keywords Home / Chemicals And Materials / Chemicals / Monochloroacetic Acid Market Monochloroacetic Acid Market Rep Id : TMRGL2946 Monochloroacetic Acid Market (Product: Flakes, Crystalline, and Liquid) - Global Industry Analysis, June 2022 Size, Share, Growth, Trends, and Forecast, 2022-2031 Chemicals And Materials 204 Pages Report Preview Table of Content Transparency Plus Request FREE Sample Monochloroacetic Acid Market Outlook 2031 The global monochloroacetic acid market was valued over US$ 0.9 Bn in 2021 It is projectedted to grow at a CAGR of 3.9% from 2022 to 2031 The global monochloroacetic acid market is expected to cross US$ 1.2 Bn by the end of 2031 Select License Type Single User license $5795 Multi-User license $8795 Analysts’ Viewpoint on Global Monochloroacetic Acid Market Scenario Corporate license $11795 Monochloroacetic acid is a versatile chemical with application in a diverse set of industries. In order to offset losses made during the COVID-19 pandemic, manufacturers in the Buy Now monochloroacetic acid market are focused on the diversification of production capacities to meet the rising demand for monochloroacetic acid in existing as well as new emerging applications. Safe and Secure SSL Encrypted Monochloroacetic acid is one of the most important intermediates in the chemical industry due to Get A Special pricing for start-ups and universities. its high reactivity. It is a key chemical in the synthesis of many chemicals, which are used in the manufacture of plastics, detergents, agrochemicals, cosmetics, and personal hygiene products. Request Discount Overview of Global Monochloroacetic Acid Market Monochloroacetic acid, also known as chloroacetic acid, is an organochlorine compound. It is a - Need More Info? - colorless, crystalline, water-soluble solid compound obtained by the reaction of acetic acid with chlorine. Monochloroacetic acid is the building block of many organic synthesis processes, Enquiry Before Buying which are used to manufacture compounds of various industrial products. It is available in alpha, gamma, and beta crystallization. Commercially used monochloroacetic acid is alpha Request Methodology crystallization that is mostly available as water-soluble flakes. Ask References According to the latest report published by Transparency Market Research (TMR), the global monochloroacetic acid market is expected to grow due to continuous demand for Free Customization monochloroacetic acid in a large number of end-use application industries such as herbicides, surfactants, and glycine, among others. Furthermore, sulfuric acid is used in the presence of monochloroacetic acid to produce ester derivatives. - Want to customize this report? - Monochloroacetic acid is primarily employed in the production of carboxymethyl cellulose We employ Market Analysis, Benchmarking, Corporate Intelligence, and Technological Intelligence to understand specific requirements and customize report with a quick turnaround time in a dynamic business environment. (CMC), which is a water-soluble cellulose used as a viscosity modifier or thickener in different applications such as food and non-food products, detergents, & oil drilling. Other important applications of monochloroacetic acid include agrochemicals, where it is used as an We offer 100% Free Customisation at the time of purchase intermediate to manufacture various chemicals used in the industry. Request a sample to get extensive insights into the Monochloroacetic Acid Market Connect To Analyst Food and Non-food Applications of Carboxymethyl Cellulose to Drive Global Monochloroacetic Acid Market - Trusted Partners - Carboxymethyl cellulose is an anionic, water-soluble cellulose derivative of monochloroacetic acid. It hydrates at a rapid rate due to its hygroscopic nature. This leads to agglomeration and lump formation when it is mixed with water. With constant stirring, lump formation can be https://www.transparencymarketresearch.com/monochloroacetic-acid-market.html 1/6

2. 9/26/22, 11:57 AM Monochloroacetic Acid Market | Global Industry Report, 2031 eliminated and the resulting mixture is a highly viscous solution. The solution formed is very Quick Contact 866-552-3453 clear, which makes carboxymethyl cellulose an ideal compound for usage in various applications. +1-518-618-1030 Contact by email Carboxymethyl cellulose is synthesized by the alkali-catalyzed reaction of cellulose with chloroacetic acid. The mixture formed contains 60% of carboxymethyl cellulose and 40% of salts. Why trust Us? 35,000+ Research Reports The mixture is called technical carboxymethyl cellulose. Further purification is carried out to obtain semi-purified and pure carboxymethyl cellulose. High viscosity and clarity of solution of pure CMC are useful properties in the food & beverages - Related Reports - (F&B) industry. CMC is used in various food and beverage products under E466 or E469 as a Non-tearable Paper Market thickener, viscosity modifier, or emulsifier. CMC is used in many beverages and beverage dry Specialty Carbon Black Market mixes to provide a rich mouthfeel. It is also used in gluten-free and reduced-fat food products. Bio-based Flavors and Fragrances Market It is also used to stabilize the protein in acidic protein drinks and prevent their precipitation. The Highly Reactive Polyisobutylene (HR-PIB) Market addition of CMC in bakery and dairy food products improves the quality & consistency of end- Metal Powder Market products & provides excellent textural properties such as foldability & rollability. Viscosity modification properties of CMC are used in various other applications. CMC is one of the important constituents of various non-food products such as toothpastes, gels, laxatives, diet pills, paints, detergents, and paper products. Technical CMC is used in detergents, while semi-purified CMC is employed in many paper applications and restoration of old documents. CMC is also used as a thickener in oil & gas drilling. It increases the viscosity of drilling mud and improves its water retention properties. CMC is also used in ophthalmology. It is used as an artificial substitute for tears, thus acting as a lubricant for dry eyes. It is also temporarily used to relieve burning, irritation, and/or discomfort due to dryness of the eyes. An increase in usage of CMC is expected to drive the demand for monochloroacetic acid, as more than 30% of monochloroacetic acid is used in the production of CMC. Rise in Use of Monochloroacetic Acid in Agrochemicals to Increase Crop Yield The global population has been rising at a rapid pace. On the other hand, a continuous decline in arable land has been observed in many parts of the world. Thus, there is an increasing need to improve the production yield. Agrochemicals are being used increasingly to improve crop yield. This is propelling the monochloroacetic acid market. Agrochemicals are an important application of monochloroacetic acid. Liquid monochloroacetic acid is used as an intermediate in the production of various active substances employed in the production of agrochemicals. These active substances are used for plant protection. They are also regularly employed in herbicides and pesticides. Thus, a rise in the demand for food is boosting growth in the monochloroacetic acid market. Request a custom report on Monochloroacetic Acid Market Commercial Advantages of Monochloroacetic Acid Flakes Benefitting Market Players Monochloroacetic acid is available in three product types: flakes, crystalline, and liquid. The flakes segment held a significant share of approximately 40% of the global market in 2021. The segment is expected to maintain the status quo with a growth rate of more than 4.0% during the forecast period. Monochloroacetic acid flakes are easy to store and transport, which makes them a preferred choice for many users. Monochloroacetic acid flakes are also primarily used in the manufacture of CMC. Multi-purpose Use of Carboxymethyl Cellulose Allowing Companies to Diversify Supply Chains Chloroacetic acid is used in the production of various chemicals such as carboxymethyl cellulose, surfactants, thioglycolic acid, glyphosate, glycine, and herbicides. It is primarily used in the production of carboxymethyl cellulose. The carboxymethyl cellulose segment accounted for the https://www.transparencymarketresearch.com/monochloroacetic-acid-market.html 2/6

3. 9/26/22, 11:57 AM Monochloroacetic Acid Market | Global Industry Report, 2031 highest share of around 30% of monochloroacetic acid consumption in 2021. It is expected to remain dominant with a CAGR of 4% during the forecast period. As such, the low-cost synthesis process of carboxymethyl cellulose is benefitting market players in order to diversify their supply chains in biomedical engineering, textile, and wastewater treatment industries. Regional Outlook of Global Monochloroacetic Acid Market The Asia Pacific held the largest volume share of more than 60% of the global monochloroacetic acid market in 2021. This can be ascribed to the large CMC manufacturing capacity in countries such as China and India as well as the high demand for agrochemicals in the region. China dominated the market in Asia Pacific with more than 60% market share in 2021. India is also a key end-user of monochloroacetic acid. It accounted for a 16% share of the market in the Asia Pacific region in 2021. North America and Europe are also large-scale end users of monochloroacetic acid. These regions held a value share of more than 25% and 10%, respectively, of the global market in 2021. Since the healthcare infrastructure in North America and Europe is resilient, manufacturers are increasing the usage of CMC in wound dressings, drug delivery, and bio-sensing applications. Middle East & Africa is a larger end user of monochloroacetic acid than Latin America. Together, these regions accounted for less than 10% share of the global market in 2021. Increased R&D in energy production innovations using CMC are propelling growth in the Middle East & Africa and Latin America. Analysis of Key Players in Global Monochloroacetic Acid Market CMC is employed as an electric binder in battery applications, especially with graphite anodes. The global monochloroacetic acid market is consolidated, with a small number of large-scale companies such as AkzoNobel N.V., CABB Group GmbH, Niacet Corporation, Denak Co. Ltd., Shandong Minji Chemical Co. Ltd., Jubilant Life Sciences Ltd, PCC SE, Archit Organosys Limited, Meghmani Organics Ltd, IOL Chemicals & Pharmaceuticals Limited, and Meridian Chem Bond Pvt. Ltd. controlling majority of the share. Each of these players has been profiled in the monochloroacetic acid market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments. Key Developments in Global Monochloroacetic Acid Market On August 11, 2018, IOL Chemicals & Pharmaceuticals Limited announced plans to increase the annual production capacity of its flagship product, Ibuprofen, from 7200 TPA to 10000 TPA by debottlenecking and re- engineering the plant In August 2018, PCC MCAA, a subsidiary of PCC SE that produces ultrapure monochloroacetic acid, announced that it will expand the annual production capacity of its plant in Poland from 42,000 tons to 100,000 tons. PCC MCAA have a strong presence in Eastern Europe with a market share of 20% and is striving to further consolidate the share with an increase in capacity. In 2017, AkzoNobel N.V. announced a joint venture with Atul, a chemical manufacturing company, to boost its production capacity of monochloroacetic acid. Both the companies hold a 50% stake each in the newly formed ‘ANAVEN.’ Global Monochloroacetic Acid Market Snapshot Attribute Detail https://www.transparencymarketresearch.com/monochloroacetic-acid-market.html 3/6

4. 9/26/22, 11:57 AM Monochloroacetic Acid Market | Global Industry Report, 2031 Market Size US$ 0.9 Bn Value in 2021 Market Forecast Value US$ 1.2 Bn in 2031 Growth Rate 3.9% (CAGR) Forecast 2022–2031 Period Historical Data Available 2020 for Quantitative US$ Bn for Value and Kilo Tons for Volume Units It includes cross segment analysis at global as well as regional level. Market Furthermore, qualitative analysis includes drivers, restraints, opportunities, Analysis key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis. Market share analysis by company (2021) Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials Competition Landscape Format Electronic (PDF) + Excel Product Flakes Crystalline Liquid Application Carboxymethyl Cellulose Surfactants Thioglycolic Acid Glyphosate Glycine Herbicides Others Market Segmentation North America Latin America Europe Asia Pacific Middle East & Africa Regions Covered https://www.transparencymarketresearch.com/monochloroacetic-acid-market.html 4/6

5. 9/26/22, 11:57 AM Monochloroacetic Acid Market | Global Industry Report, 2031 U.S. Canada Germany U.K. France Spain Italy Russia & CIS Japan China India ASEAN Brazil Mexico GCC Countries South Africa Countries Covered AkzoNobel N.V. CABB Group GmbH Niacet Corporation Denak Co. Ltd. Shandong Minji Chemical Co. Ltd. Jubilant Life Sciences Ltd. PCC SE Archit Organosys Limited Meghmani Organics Ltd IOL Chemicals & Pharmaceuticals Limited Meridian Chem Bond Pvt. Ltd. Companies Profiled Customization Available upon request Scope Pricing Available upon request Interested in this report? Get a FREE sample now! Get Free Sample *Get Sample Report (PDF) sent to your email within minutes Frequently Asked Questions What was the market size of monochloroacetic acid in 2021? The market size of monochloroacetic acid stood over US$ 0.9 Bn in 2021. What would be the CAGR of the monochloroacetic acid market during the forecast period? https://www.transparencymarketresearch.com/monochloroacetic-acid-market.html 5/6

6. 9/26/22, 11:57 AM Monochloroacetic Acid Market | Global Industry Report, 2031 What are the key factors driving the monochloroacetic acid market? Which application segment contributed the largest share to the monochloroacetic acid market in 2021? Which region is more attractive for vendors in the monochloroacetic acid market? Who are the key players in the monochloroacetic acid market? - Help - - Follow Us - Terms Of UseCustomer FAQHow To OrderPrivacy PolicySitemap U.S Sales Office Corporate Headquarter Reach Us +1-518-618-1030 State Tower, 90 State Street, Suite 700, Albany NY - 12207, United States Downtown, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA 866-552-3453 (US-Canada Toll Free) sales@transparencymarketresearch.com Trust Online Copyright © Transparency Market Research, Inc. All Rights reserved https://www.transparencymarketresearch.com/monochloroacetic-acid-market.html 6/6