Global Monochloroacetic Acid Market 2022-2026
Technavio has been monitoring the monochloroacetic acid market and it is poised to grow by $ 165.63 mn during 2022-2026, progressing at a CAGR of 3.5% during the forecast period. Our report on the monochloroacetic acid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing use of MCAA derivatives in end-user industries, strict regulations on the use of chlorine-based chemicals, and growth in the personal care and nutrition industry. In addition, the increasing use of MCAA derivatives in end-user industries is anticipated to boost the growth of the market as well.
The monochloroacetic acid market analysis includes the application segment and geographic landscape.
Technavio's monochloroacetic acid market is segmented as below:
By Application
- Cellulosic
- Agrochemicals
- Thioglycolic acid
- Surfactants
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the capacity expansion in APAC as one of the prime reasons driving the monochloroacetic acid market growth during the next few years. Also, increasing usage in the manufacturing of herbicides and new R&D to reduce waste matter and enhance applications will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on monochloroacetic acid market covers the following areas:
- Monochloroacetic acid market sizing
- Monochloroacetic acid market forecast
- Monochloroacetic acid market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading monochloroacetic acid market vendors that include Abhishek Impex, Anugrah In Org Pvt. Ltd., Archit Organosys Ltd., Atul Ltd., CABB Group GmbH, Daicel Corp., Denak Co. Ltd., Henan HDF Chemical Co. Ltd., IOL Chemicals and Pharmaceuticals Ltd., ITALMAR THAILAND Co. Ltd., Jiangxi Biochem Co. Ltd., Jubilant Pharmova Ltd., Kerry Group Plc, Mahalaxmi Industries, Merck KGaA, Meridian Chem Bond Pvt. Ltd., Nouryon Chemicals Holding BV, PCC SE, S.R.Drugs and Intermediates Pvt. Ltd., Shiv Chem Industries, TerraTech Chemicals I Pvt. Ltd., and Thermo Fisher Scientific Inc. Also, the monochloroacetic acid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.