Global Monochloroacetic Acid Market to Grow $1,050.0 Mn by 2020

According to the report, global demand for mono chloroacetic acid was valued at USD 850.0 million in 2014 and is expected to reach USD 1,050.0 million in 2020, growing at a CAGR of slightly above 3.0% between 2015 and 2020. In terms of volume, the global mono chloroacetic acid market stood at around 700.0-kilo tons in 2014. Zion Market Research has published a new report titled “Monochloroacetic Acid Market for Cellulosics, Agrochemicals, Thioglycolic Acid, Surfactants and Others Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020.”

Monochloroacetic acid (MCA) is an organochlorine compound used as a building block in organic synthesis. Monochloroacetic acid is a colorless or white deliquescent crystalline compound. Acetic acid and chlorine are key raw materials used in the production of mono chloroacetic acid. Monochloroacetic acid is a halogenated derivative of acetic acid that is used as a building block in organic synthesis. Monochloroacetic acid is completely soluble in water, soluble in alcohol, acetone, chloroform and ether and a partly soluble in chlorinated hydrocarbons. Thioglycolic acid, agrochemicals, phenoxy acetic acid, surfactants, glycine and others are the major end application industries of mono chloroacetic acid.

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Monochloroacetic acid (MCA) is broadly used in chemical industries in the manufacture of carboxymethyl cellulose (CMC). Hence, the demand for CMC is expected to rise exponentially due to an increase in industrial applications. Moreover, rising population and increasing demand for agricultural products is expected to trigger the growth of mono chloroacetic acid. Increasing demand from glyphosate is also likely to boost the demand for mono chloroacetic acid during the years to come.

Cellulosics, agrochemicals, thioglycolic acid, surfactants and others are the key application segments of the monochloroacetic acid market. Cellulosics was the largest application market for the monochloroacetic acid market. Cellulosics segment accounted for over 30.0% share of the total market, in 2014. Agrochemicals application segment is expected to be the second largest segment in this market. Thioglycolic acid, surfactants, and others application are also expected to dominate the global mono chloroacetic acid market.

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Geographically, Asia Pacific dominated the global mono chloroacetic acid market, in 2014. Increasing demand from personal care and agrochemicals industry is a major driving factor for mono chloroacetic acid in Asia Pacific. Asia Pacific followed by North America, Europe, Middle East & Africa and Latin America.

Some of the major industry participants in mono chloroacetic acid market include Denak Co. Ltd., CABB GmbH, Niacet Corporation, Daicel Corporation, AkzoNobel N.V., Dow CHEMICAL Company and Denak Co. Ltd.

This report segments the global mono chloroacetic acid market as follows: Application Segment Analysis (Cellulosics, Agrochemicals, Thioglycolic Acid, Surfactants, Others). Regional Segment Analysis: North America(US), Europe(Germany, France, UK), Asia Pacific(China, Japan, India)Latin America(Brazil, Middle East, Africa)

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