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Textile Colourant Market: Estimated to Discern 2X Expansion by 2026

Textile Colourant Market: Estimated to Discern 2X Expansion by 2026

Mindaspire Market Research (MMR) delivers key insights on the Textile Colourant market in its latest report titled, u201cTextile Colorant Market by 2026u201d. According to the report, the global textile colorant market is projected to expand at a healthy CAGR of 4.8% during the forecast period in terms of revenue. The global textile colorant market is projected to register a CAGR of 4.8% in terms of value and 3.5% in terms of volume during the forecast period 2016-2026. On the basis of regions, Asia-Pacific excluding Japan is estimated to be the largest market for textile colorant by 2026, accounting for 37.7% value share of the global textile colorant market in 2016. The region continues to dominate the market and is expected to continue to do so throughout the forecast period. Whereas, MEA is estimated to account for 3.1% value share in 2016, with growth rate of 4.9% over the forecast period. The markets in North America and Western Europe are anticipated to contribute majorly to the global textile colorant market, owing to high investments in textile colorant development and manufacturing across these regions.

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Monochloroacetic Acid (MCAA) Market Expansion Projected to Gain an Uptick During 2024

Monochloroacetic Acid (MCAA) Market Expansion Projected to Gain an Uptick During 2024

Monochloroacetic Acid is also called Chloroacetic Acid having a molecular formula-CICH2CO2. MCCA plays a key role in manufacturing of several well-known products that are essential in daily living. Commercially, MCCA is also accessible in water solution. Basically, MCCA is a monochloroacetic acid, an instant substance preserving experience of several types of intermediary random reactions. Some of the vital markets for MCCA and its derivatives are surfactants, drilling fluids, food processing, textiles, herbicides, construction, pharmaceuticals, and plastic stabilizers. The MCCA marketplace is expected to be influenced by the Chinese marketplace owing to its uses as an intermediate in textile auxiliaries, pharmaceuticals, as well as esters and carboxyl methyl cellulose manufactures. Global sales of monochloroacetic acid was valued at US$ 485.4 Mn in 2015 and is projected to increase 1.5X over the forecast period (2016 u2013 2024) to be valued at US$ 756.6 Mn by the end of 2024.

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