Monochloroacetic Acid (MCA) Market is Expected to Reach USD

Mar 24, 2015

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Monochloroacetic acid (MCA) is a compound that undergoes various reactions to form a number of intermediates for the production of a range of products. Major markets for monochloroacetic acid and its derivatives include drilling fluids, herbicides, plastic stabilizers, surfactants, textiles, food processing, construction and pharmaceuticals. China is the leading manufacturer of chemical fertilizers, cement and steel in the world. Demand for monochloroacetic acid is high from the growing end-user industries in the country. Thus, demand for monochloroacetic acid from China is estimated to boost the MCA market during the forecast period. Additionally, rising demand for carboxymethyl cellulose (CMC) in oil drilling activities and agrochemicals such as glyphosate and 2, 4-D is projected to propel demand for monochloroacetic acid in the near future. Furthermore, rising iron ore and taconite mining activities are likely to open up new avenues for MCA, as CMC (the major application product of MCA) is extensively used in mining activities. However, volatility in prices of raw materials for MCA is expected to act as a restraining factor for the market during the next few years.

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Monochloroacetic Acid (MCA) Market is Expected to Reach USD

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