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Monochloroacetic Acid Market Report by Process Type (Chlorination, Hydrolysis, and Others), Product Form (Crystalline, Liquid, Flakes), Application (Glycine, Cellulose, Surfactants, 4,2,4- Dichloro Phenoxy Acetic Acid, Thioglycolic Acid, and Other Applications), End-Use Industry (Personal Care and Pharmaceuticals, Agrochemicals, Geological Drillings, Dyes and Detergents, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A1971
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Market Overview:
The global monochloroacetic acid market size reached US$ 921.1 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,255.4 Million by 2032, exhibiting a growth rate (CAGR) of 3.4% during 2024-2032.
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Report Attribute
|
Key Statistics
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|---|---|
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Base Year
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2023
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|
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 921.1 Million |
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Market Forecast in 2032
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US$ 1,255.4 Million |
| Market Growth Rate 2024-2032 | 3.4% |
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).
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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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 report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on process type, product form, application and end-use industry.
Breakup by Process Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- 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:
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- 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 Archit Organosys, CABB Group GmbH, Denak Co. Ltd., Meridian Chem Bond Pvt. Ltd., Niacet Corporation (Kerry Group plc), PCC Rokita SA and Shandong Minji New Material Technology Co. Ltd.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| 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 | Archit Organosys, CABB Group GmbH, Denak Co. Ltd., Meridian Chem Bond Pvt. Ltd., Niacet Corporation (Kerry Group plc), PCC Rokita SA, Shandong Minji New Material Technology Co. Ltd. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| 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?
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