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Press Release:

Global Monochloroacetic Acid Market to Grow at 3.8% During 2022-2027, Facilitated by Significant Growth in End Use Sectors

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Monochloroacetic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global monochloroacetic acid market reached a value of US$ 858.1 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,068.3 Million by 2027, exhibiting a CAGR of 3.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Also known as chloroacetic acid, monochloroacetic acid (C2H3ClO2) is a colorless crystalline compound that is produced by the chlorination of acetic acid. It is generally stored in the form of flakes and aqueous solutions for easy transportation. As it is soluble in water and organic solvents, it is widely used as an herbicide, preservative and bacteriostat. It is also utilized as an intermediate in the production of other chemicals, such as carboxymethylcellulose (CMC), phenoxyacetic acid and thioglycolic acid (TGA).

The market is being driven by the extensive utilization of monochloroacetic acid (MCA) in various end-use industries. Due to rapid industrialization, growing population and a decrease in the availability of arable land, there is a rise in the sales of agrochemicals to boost farm production. As MCA is utilized in the production of herbicides, fertilizers and pesticides, including CMC and TGA, this trend has spurred its demand in the agrochemical industry. It also finds applications in the pharmaceutical and cosmetics industries around the world. Moreover, as MCA is a potent keratolytic and caustic topical agent, it is utilized in the production of numerous drugs and the treatment of skin lesions and atherosclerosis. MCAA is also gaining preference as an alternative to cryotherapy for common and plantar warts in primary care as it effectively reduces pain during the treatment. Furthermore, it is employed as an intermediate in the textile industry; in the production of several hair products in the personal care industry; and in the manufacturing of polyvinyl chloride (PVC) resins in the plastics industry. These applications, along with the increasing research and development (R&D) activities to produce novel products, are expected to bolster the market growth in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global monochloroacetic acid market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on process type, product form, application and end-use industry.

Breakup by Process Type:

  • Chlorination
  • Hydrolysis
  • Others
     

Breakup by Product Form:

  • Crystalline
  • Liquid
  • Flakes
     

Breakup by Application:

  • Glycine
  • Cellulose
  • Surfactants
  • 4,2,4- Dichloro Phenoxy Acetic Acid
  • Thioglycolic Acid
  • Other Applications
     

Breakup by End-Use Industry:

  • Personal Care and Pharmaceuticals
  • Agrochemicals
  • Geological Drillings
  • Dyes and Detergents
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being AkzoNobel N.V., CABB, Denak Co. Ltd, Daicel Corporation, Meridian Chem-Bond, Niacet Corporation, PCC Rokita SA, Archit Organosys and Shandong Minji Chemical, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Process Type, Product Form, Application, End-Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered AkzoNobel N.V., CABB, Denak Co. Ltd, Daicel Corporation, Meridian Chem-Bond, Niacet Corporation, PCC Rokita SA, Archit Organosys and Shandong Minji Chemical
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the global monochloroacetic acid market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What has been the impact of COVID-19 on the global monochloroacetic acid market?
  • What is the breakup of the market based on the process type?
  • What is the breakup of the market based on the product form?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end-use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global monochloroacetic acid market and who are the key players?
  • What is the degree of competition in the industry?

1   Preface
2   Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Monochloroacetic Acid Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Process Type
    6.1    Chlorination
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Hydrolysis
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Others
        6.3.1 Market Trends
        6.3.2 Market Forecast
7   Market Breakup by Product Form
    7.1    Crystalline
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Liquid
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Flakes
        7.3.1 Market Trends
        7.3.2 Market Forecast
8   Market Breakup by Application
    8.1    Glycine
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Cellulose
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Surfactants
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    4,2,4- Dichloro Phenoxy Acetic Acid
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Thioglycolic Acid
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Other Applications
        8.6.1 Market Trends
        8.6.2 Market Forecast
9   Market Breakup by End-Use Industry
    9.1    Personal Care and Pharmaceuticals
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Agrochemicals
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Geological Drillings
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Dyes and Detergents 
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Others
        9.5.1 Market Trends
        9.5.2 Market Forecast
10  Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Europe
        10.2.1 Germany
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 France
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 United Kingdom
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 Italy
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Spain
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Russia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Asia Pacific
        10.3.1 China
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 Japan
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 India
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 South Korea
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Australia
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Indonesia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14  Price Indicators
15  Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    AkzoNobel N.V.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio 
           15.3.1.3 Financials
           15.3.1.4 SWOT Analysis
        15.3.2    CABB
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio 
        15.3.3    Denak Co. Ltd
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio 
           15.3.3.3 Financials
           15.3.3.4 SWOT Analysis
        15.3.4    Daicel Corporation
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio 
           15.3.4.3 Financials
           15.3.4.4 SWOT Analysis
        15.3.5    Meridian Chem-Bond
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio 
        15.3.6    Niacet Corporation
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio 
        15.3.7    PCC Rokita SA
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio 
        15.3.8    Archit Organosys
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio 
           15.3.8.3 Financials
        15.3.9    Shandong Minji Chemical
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio 

List of Figures

Figure 1: Global: Monochloroacetic Acid Market: Major Drivers and Challenges
Figure 2: Global: Monochloroacetic Acid Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Monochloroacetic Acid Market: Breakup by Process Type (in %), 2021
Figure 4: Global: Monochloroacetic Acid Market: Breakup by Product Form (in %), 2021
Figure 5: Global: Monochloroacetic Acid Market: Breakup by Application (in %), 2021
Figure 6: Global: Monochloroacetic Acid Market: Breakup by End-Use Industry (in %), 2021
Figure 7: Global: Monochloroacetic Acid Market: Breakup by Region (in %), 2021
Figure 8: Global: Monochloroacetic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Monochloroacetic Acid (Chlorination) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Monochloroacetic Acid (Chlorination) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Monochloroacetic Acid (Hydrolysis) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Monochloroacetic Acid (Hydrolysis) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Monochloroacetic Acid (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Monochloroacetic Acid (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Monochloroacetic Acid (Crystalline) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Monochloroacetic Acid (Crystalline) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Monochloroacetic Acid (Liquid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Monochloroacetic Acid (Liquid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Monochloroacetic Acid (Flakes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Monochloroacetic Acid (Flakes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Monochloroacetic Acid (Glycine) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Monochloroacetic Acid (Glycine) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Monochloroacetic Acid (Cellulose) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Monochloroacetic Acid (Cellulose) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Monochloroacetic Acid (Surfactants) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Monochloroacetic Acid (Surfactants) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Monochloroacetic Acid (4,2,4- Dichloro Phenoxy Acetic Acid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Monochloroacetic Acid (4,2,4- Dichloro Phenoxy Acetic Acid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Monochloroacetic Acid (Thioglycolic Acid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Monochloroacetic Acid (Thioglycolic Acid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Monochloroacetic Acid (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Monochloroacetic Acid (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Monochloroacetic Acid (Personal Care and Pharmaceuticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Monochloroacetic Acid (Personal Care and Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Monochloroacetic Acid (Agrochemicals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Monochloroacetic Acid (Agrochemicals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Monochloroacetic Acid (Geological Drillings) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Monochloroacetic Acid (Geological Drillings) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Monochloroacetic Acid (Dyes and Detergents) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Monochloroacetic Acid (Dyes and Detergents) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Monochloroacetic Acid (Other End-Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: Monochloroacetic Acid (Other End-Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027    
Figure 43: North America: Monochloroacetic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: North America: Monochloroacetic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: United States: Monochloroacetic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: United States: Monochloroacetic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Canada: Monochloroacetic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Canada: Monochloroacetic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Asia Pacific: Monochloroacetic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Asia Pacific: Monochloroacetic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: China: Monochloroacetic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: China: Monochloroacetic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Japan: Monochloroacetic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Japan: Monochloroacetic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: India: Monochloroacetic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: India: Monochloroacetic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: South Korea: Monochloroacetic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: South Korea: Monochloroacetic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Australia: Monochloroacetic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Australia: Monochloroacetic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Indonesia: Monochloroacetic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Indonesia: Monochloroacetic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: Monochloroacetic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Others: Monochloroacetic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Europe: Monochloroacetic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Europe: Monochloroacetic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Germany: Monochloroacetic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Germany: Monochloroacetic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: France: Monochloroacetic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: France: Monochloroacetic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: United Kingdom: Monochloroacetic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: United Kingdom: Monochloroacetic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Italy: Monochloroacetic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Italy: Monochloroacetic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Spain: Monochloroacetic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Spain: Monochloroacetic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Russia: Monochloroacetic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Russia: Monochloroacetic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Others: Monochloroacetic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Others: Monochloroacetic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Latin America: Monochloroacetic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Latin America: Monochloroacetic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Brazil: Monochloroacetic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Brazil: Monochloroacetic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Mexico: Monochloroacetic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Mexico: Monochloroacetic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Others: Monochloroacetic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Others: Monochloroacetic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Middle East and Africa: Monochloroacetic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 90: Middle East and Africa: Monochloroacetic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 91: Global: Monochloroacetic Acid Industry: SWOT Analysis
Figure 92: Global: Monochloroacetic Acid Industry: Value Chain Analysis
Figure 93: Global: Monochloroacetic Acid Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Monochloroacetic Acid Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Monochloroacetic Acid Market Forecast: Breakup by Process Type (in Million US$), 2022-2027
Table 3: Global: Monochloroacetic Acid Market Forecast: Breakup by Product Form (in Million US$), 2022-2027
Table 4: Global: Monochloroacetic Acid Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Monochloroacetic Acid Market Forecast: Breakup by End-Use Industry (in Million US$), 2022-2027
Table 6: Global: Monochloroacetic Acid Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Monochloroacetic Acid Market: Competitive Structure
Table 8: Global: Monochloroacetic Acid Market: Key Players

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