Monochloroacetic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Monochloroacetic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)


The global monochloroacetic acid (MCAA) market is experiencing substantial growth due to its integral role in organic synthesis, leading to the production of various chemical compounds, pharmaceuticals, and agrochemicals. MCAA is a key building block in these industries, contributing to its expanding market size.

Driving Factors

The market's growth is primarily driven by the increasing demand for MCAA in the production of carboxymethylcellulose (CMC), thioglycolic acid, USP grade glycine, and technical grade glycine. These compounds find applications in various sectors, including pharmaceuticals and chemicals. MCAA is essential in the production of CMC, which offers viscosity enhancement, emulsion stabilization, and texture alteration properties. These attributes make CMC a preferred choice in the food & beverage industry, further boosting the demand for MCAA.

CMC's Versatility

CMC is favored over synthetic and natural glues, making it a crucial ingredient in various products such as powdered drinks, alcoholic and non-alcoholic beverages, and ice cream. This versatility enhances the consumption of MCAA for CMC production, consequently driving revenue growth in the global monochloroacetic acid market.

Challenges and Restraints

Despite its significance, MCAA's route to produce herbicides and insecticides, including chlorpyrifos and triclopyr, generates substantial hazardous waste. Production facilities using the MCAA route also face operational challenges due to its corrosive nature, leading to higher maintenance costs. The production of symtet via the MCAA route remains a major challenge for market players.

Regional Perspective

In terms of production and consumption, Asia Pacific leads the global monochloroacetic acid market in 2024. Latin America is expected to exhibit rapid growth, offering numerous opportunities for market players.

Impact of COVID-19

The COVID-19 pandemic temporarily affected market growth due to business shutdowns across industries, including food & beverages. While demand experienced short-term hiccups, the market is projected to gradually regain its regular growth pace as lockdowns and restrictions ease worldwide.

Analysts' Insights

Analysts anticipate healthy growth in the global monochloroacetic acid market through 2031. Stakeholders in the MCAA market should explore opportunities in pharmaceuticals and chemicals to enhance their competitive position.

Key Segments of Monochloroacetic Acid Market

Application
• Chemical Compounds
• Drugs
• Herbicides and Insecticides
• Others (Indigo Dyeing Agent, Amphoteric Surfactants)

End Use
• Pharmaceuticals
• Chemicals
• Food & Beverages
• Others (Oil & Gas, Personal Care)

Region
• North America
• Latin America
• Europe
• Asia Pacific
• MEA

Please note: The PDF e-mail from publisher version of this report is for a global site license. Delivery Timelines - 5 working days.


1. Executive Summary
1.1. Global Monochloroacetic Acid Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Monochloroacetic Acid Market Outlook, 2018 – 2031
3.1. Global Monochloroacetic Acid Market Outlook, by Application, Value (US$ Mn), 2018 – 2031
3.1.1. Key Highlights
3.1.1.1. Chemical Compounds
3.1.1.2. Drugs
3.1.1.3. Herbicides and Insecticides
3.1.1.4. Others (Indigo Dyeing Agent, Amphoteric Surfactants)
3.2. Global Monochloroacetic Acid Market Outlook, by End Use Industry, Value (US$ Mn), 2018 – 2031
3.2.1. Key Highlights
3.2.1.1. Pharmaceuticals
3.2.1.2. Chemicals
3.2.1.3. Food & Beverages
3.2.1.4. Others (Oil & Gas)
3.3. Global Monochloroacetic Acid Market Outlook, by Region, Value (US$ Mn), 2018 – 2031
3.3.1. Key Highlights
3.3.1.1. North America
3.3.1.2. Europe
3.3.1.3. Asia Pacific
3.3.1.4. Latin America
3.3.1.5. Middle East & Africa
4. North America Monochloroacetic Acid Market Outlook, 2018 – 2031
4.1. North America Monochloroacetic Acid Market Outlook, by Application, Value (US$ Mn), 2018 – 2031
4.1.1. Key Highlights
4.1.1.1. Chemical Compounds
4.1.1.2. Drugs
4.1.1.3. Herbicides and Insecticides
4.1.1.4. Others (Indigo Dyeing Agent, Amphoteric Surfactants)
4.2. North America Monochloroacetic Acid Market Outlook, by End Use Industry, Value (US$ Mn), 2018 – 2031
4.2.1. Key Highlights
4.2.1.1. Pharmaceuticals
4.2.1.2. Chemicals
4.2.1.3. Food & Beverages
4.2.1.4. Others (Oil & Gas)
4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Monochloroacetic Acid Market Outlook, by Country, Value (US$ Mn), 2018 – 2031
4.3.1. Key Highlights
4.3.1.1. U.S. Monochloroacetic Acid Market by Application, Value (US$ Mn), 2018 – 2031
4.3.1.2. U.S. Monochloroacetic Acid Market by End Use Industry, Value (US$ Mn), 2018 – 2031
4.3.1.3. Canada Monochloroacetic Acid Market by Application, Value (US$ Mn), 2018 – 2031
4.3.1.4. Canada Monochloroacetic Acid Market by End Use Industry, Value (US$ Mn), 2018 – 2031
4.3.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Monochloroacetic Acid Market Outlook, 2018 – 2031
5.1. Europe Monochloroacetic Acid Market Outlook, by Application, Value (US$ Mn), 2018 – 2031
5.1.1. Key Highlights
5.1.1.1. Chemical Compounds
5.1.1.2. Drugs
5.1.1.3. Herbicides and Insecticides
5.1.1.4. Others (Indigo Dyeing Agent, Amphoteric Surfactants)
5.2. Europe Monochloroacetic Acid Market Outlook, by End Use Industry, Value (US$ Mn), 2018 – 2031
5.2.1. Key Highlights
5.2.1.1. Pharmaceuticals
5.2.1.2. Chemicals
5.2.1.3. Food & Beverages
5.2.1.4. Others (Oil & Gas)
5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Monochloroacetic Acid Market Outlook, by Country, Value (US$ Mn), 2018 – 2031
5.3.1. Key Highlights
5.3.1.1. Germany Monochloroacetic Acid Market by Application, Value (US$ Mn), 2018 – 2031
5.3.1.2. Germany Monochloroacetic Acid Market by End Use Industry, Value (US$ Mn), 2018 – 2031
5.3.1.3. U.K. Monochloroacetic Acid Market by Application, Value (US$ Mn), 2018 – 2031
5.3.1.4. U.K. Monochloroacetic Acid Market by End Use Industry, Value (US$ Mn), 2018 – 2031
5.3.1.5. France Monochloroacetic Acid Market by Application, Value (US$ Mn), 2018 – 2031
5.3.1.6. France Monochloroacetic Acid Market by End Use Industry, Value (US$ Mn), 2018 – 2031
5.3.1.7. Italy Monochloroacetic Acid Market by Application, Value (US$ Mn), 2018 – 2031
5.3.1.8. Italy Monochloroacetic Acid Market by End Use Industry, Value (US$ Mn), 2018 – 2031
5.3.1.9. Turkey Monochloroacetic Acid Market by Application, Value (US$ Mn), 2018 – 2031
5.3.1.10. Turkey Monochloroacetic Acid Market by End Use Industry, Value (US$ Mn), 2018 – 2031
5.3.1.11. Russia Monochloroacetic Acid Market by Application, Value (US$ Mn), 2018 – 2031
5.3.1.12. Russia Monochloroacetic Acid Market by End Use Industry, Value (US$ Mn), 2018 – 2031
5.3.1.13. Rest of Europe Monochloroacetic Acid Market by Application, Value (US$ Mn), 2018 – 2031
5.3.1.14. Rest of Europe Monochloroacetic Acid Market by End Use Industry, Value (US$ Mn), 2018 – 2031
5.3.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Monochloroacetic Acid Market Outlook, 2018 – 2031
6.1. Asia Pacific Monochloroacetic Acid Market Outlook, by Application, Value (US$ Mn), 2018 – 2031
6.1.1. Key Highlights
6.1.1.1. Chemical Compounds
6.1.1.2. Drugs
6.1.1.3. Herbicides and Insecticides
6.1.1.4. Others (Indigo Dyeing Agent, Amphoteric Surfactants)
6.2. Asia Pacific Monochloroacetic Acid Market Outlook, by End Use Industry, Value (US$ Mn), 2018 – 2031
6.2.1. Key Highlights
6.2.1.1. Pharmaceuticals
6.2.1.2. Chemicals
6.2.1.3. Food & Beverages
6.2.1.4. Others (Oil & Gas)
6.2.2. Others BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Monochloroacetic Acid Market Outlook, by Country, Value (US$ Mn), 2018 – 2031
6.3.1. Key Highlights
6.3.1.1. China Monochloroacetic Acid Market by Application, Value (US$ Mn), 2018 – 2031
6.3.1.2. China Monochloroacetic Acid Market by End Use Industry, Value (US$ Mn), 2018 – 2031
6.3.1.3. Japan Monochloroacetic Acid Market by Application, Value (US$ Mn), 2018 – 2031
6.3.1.4. Japan Monochloroacetic Acid Market by End Use Industry, Value (US$ Mn), 2018 – 2031
6.3.1.5. South Korea Monochloroacetic Acid Market by Application, Value (US$ Mn), 2018 – 2031
6.3.1.6. South Korea Monochloroacetic Acid Market by End Use Industry, Value (US$ Mn), 2018 – 2031
6.3.1.7. India Monochloroacetic Acid Market by Application, Value (US$ Mn), 2018 – 2031
6.3.1.8. India Monochloroacetic Acid Market by End Use Industry, Value (US$ Mn), 2018 – 2031
6.3.1.9. Southeast Asia Monochloroacetic Acid Market by Application, Value (US$ Mn), 2018 – 2031
6.3.1.10. Southeast Asia Monochloroacetic Acid Market by End Use Industry, Value (US$ Mn), 2018 – 2031
6.3.1.11. Rest of Asia Pacific Monochloroacetic Acid Market by Application, Value (US$ Mn), 2018 – 2031
6.3.1.12. Rest of Asia Pacific Monochloroacetic Acid Market by End Use Industry, Value (US$ Mn), 2018 – 2031
6.3.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Monochloroacetic Acid Market Outlook, 2018 – 2031
7.1. Latin America Monochloroacetic Acid Market Outlook, by Application, Value (US$ Mn), 2018 – 2031
7.1.1. Key Highlights
7.1.1.1. Chemical Compounds
7.1.1.2. Drugs
7.1.1.3. Herbicides and Insecticides
7.1.1.4. Others (Indigo Dyeing Agent, Amphoteric Surfactants)
7.2. Latin America Monochloroacetic Acid Market Outlook, by End Use Industry, Value (US$ Mn), 2018 – 2031
7.2.1.1. Pharmaceuticals
7.2.1.2. Chemicals
7.2.1.3. Food & Beverages
7.2.1.4. Others (Oil & Gas)
7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Monochloroacetic Acid Market Outlook, by Country, Value (US$ Mn), 2018 – 2031
7.3.1. Key Highlights
7.3.1.1. Brazil Monochloroacetic Acid Market by Application, Value (US$ Mn), 2018 – 2031
7.3.1.2. Brazil Monochloroacetic Acid Market by End Use Industry, Value (US$ Mn), 2018 – 2031
7.3.1.3. Mexico Monochloroacetic Acid Market by Application, Value (US$ Mn), 2018 – 2031
7.3.1.4. Mexico Monochloroacetic Acid Market by End Use Industry, Value (US$ Mn), 2018 – 2031
7.3.1.5. Argentina Monochloroacetic Acid Market by Application, Value (US$ Mn), 2018 – 2031
7.3.1.6. Argentina Monochloroacetic Acid Market by End Use Industry, Value (US$ Mn), 2018 – 2031
7.3.1.7. Rest of Latin America Monochloroacetic Acid Market by Application, Value (US$ Mn), 2018 – 2031
7.3.1.8. Rest of Latin America Monochloroacetic Acid Market by End Use Industry, Value (US$ Mn), 2018 – 2031
7.3.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Monochloroacetic Acid Market Outlook, 2018 – 2031
8.1. Middle East & Africa Monochloroacetic Acid Market Outlook, by Application, Value (US$ Mn), 2018 – 2031
8.1.1. Key Highlights
8.1.1.1. Chemical Compounds
8.1.1.2. Drugs
8.1.1.3. Herbicides and Insecticides
8.1.1.4. Others (Indigo Dyeing Agent, Amphoteric Surfactants)
8.2. Middle East & Africa Monochloroacetic Acid Market Outlook, by End Use Industry, Value (US$ Mn), 2018 – 2031
8.2.1. Key Highlights
8.2.1.1. Pharmaceuticals
8.2.1.2. Chemicals
8.2.1.3. Food & Beverages
8.2.1.4. Others (Oil & Gas)
8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Monochloroacetic Acid Market Outlook, by Country, Value (US$ Mn), 2018 – 2031
8.3.1. Key Highlights
8.3.1.1. GCC Monochloroacetic Acid Market by Application, Value (US$ Mn), 2018 – 2031
8.3.1.2. GCC Monochloroacetic Acid Market by End Use Industry, Value (US$ Mn), 2018 – 2031
8.3.1.3. South Africa Monochloroacetic Acid Market by Application, Value (US$ Mn), 2018 – 2031
8.3.1.4. South Africa Monochloroacetic Acid Market by End Use Industry, Value (US$ Mn), 2018 – 2031
8.3.1.5. Egypt Monochloroacetic Acid Market by Application, Value (US$ Mn), 2018 – 2031
8.3.1.6. Egypt Monochloroacetic Acid Market by End Use Industry, Value (US$ Mn), 2018 – 2031
8.3.1.7. Nigeria Monochloroacetic Acid Market by Application, Value (US$ Mn), 2018 – 2031
8.3.1.8. Nigeria Monochloroacetic Acid Market by End Use Industry, Value (US$ Mn), 2018 – 2031
8.3.1.9. Rest of Middle East & Africa Monochloroacetic Acid Market by Application, Value (US$ Mn), 2018 – 2031
8.3.1.10. Rest of Middle East & Africa Monochloroacetic Acid Market by End Use Industry, Value (US$ Mn), 2018 – 2031
8.3.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. Manufacturer vs by End Use Industry Heatmap
9.2. Company Market Share Analysis, 2023
9.3. Competitive Dashboard
9.4. Company Profiles
9.4.1. AkzoNobel N.V.
9.4.1.1. Company Overview
9.4.1.2. Product Portfolio
9.4.1.3. Financial Overview
9.4.1.4. Business Strategies and Development
9.4.2. CABB Group
9.4.3. Nufarm Limited
9.4.4. Niacet Corporation
9.4.5. Jubilant Life Sciences Limited
9.4.6. Shandong Minji Chemical Co.,Ltd.
9.4.7. Archit Organosys Limited
9.4.8. IOL Chemicals & Pharmaceuticals Limited
9.4.9. Meridian Chem Bond Pvt. Ltd.
9.4.10. S.R.Drugs and Intermediates Pvt. Ltd.
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings