Global Chloroacetic Acid (Monochloroacetic Acid) Market Growth 2023-2029

Global Chloroacetic Acid (Monochloroacetic Acid) Market Growth 2023-2029

Chloroacetic acid, also called Chloroacetic acid (MCA), is a bi-functional molecule-structured acid. At room temperature, pure MCA is a colorless, deliquescent crystalline mass. It is very soluble in water, freely soluble in methanol, ethanol, isopropanol, diethyl ether and acetone. It is extensively used as a chemical intermediate for the production of numerous industrially and commercially important chemicals, including glycine, CMC, TGA, and cyanoacetic acid. It is also used in the production of betaine-type surfactants, synthetic caffeine, and vitamins, and the production of 2, 4-D and methanoates for using in herbicides. MCA is commercially produced through the chlorination of acetic acid during the production of acetic anhydride as a catalyst. MCA is marketed in various forms: as a solid (powder or flakes), in molten form (kept at a temperature > 80°C) or as 80% dilution in water. For these forms of packaging, exposure estimates are made.
LPI (LP Information)' newest research report, the “Chloroacetic Acid (Monochloroacetic Acid) Industry Forecast” looks at past sales and reviews total world Chloroacetic Acid (Monochloroacetic Acid) sales in 2022, providing a comprehensive analysis by region and market sector of projected Chloroacetic Acid (Monochloroacetic Acid) sales for 2023 through 2029. With Chloroacetic Acid (Monochloroacetic Acid) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Chloroacetic Acid (Monochloroacetic Acid) industry.
This Insight Report provides a comprehensive analysis of the global Chloroacetic Acid (Monochloroacetic Acid) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Chloroacetic Acid (Monochloroacetic Acid) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Chloroacetic Acid (Monochloroacetic Acid) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Chloroacetic Acid (Monochloroacetic Acid) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Chloroacetic Acid (Monochloroacetic Acid).
The global Chloroacetic Acid (Monochloroacetic Acid) market size is projected to grow from US$ 676.9 million in 2022 to US$ 881.2 million in 2029; it is expected to grow at a CAGR of 881.2 from 2023 to 2029.
Global Chloroacetic Acid (Monochloroacetic Acid) key players include AkzoNobel, CABB, Tiande Chemical, China Pingmei Shenma Group, Denak, etc. Global top five manufacturers hold a share about 45%. China is the largest market, with a share about 55%, followed by Europe, with a share about 20 percent. In terms of product, Solid MCA is the largest segment, with a share about 70%. And in terms of application, the largest application is Carboxymethyl Cellulose (CMC), followed by Agrochemical, Thioglycolic Acid (TGA), Surfactants, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Chloroacetic Acid (Monochloroacetic Acid) market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Solid MCA
MCA Solution
Molten MCA
Segmentation by application
Carboxymethyl Cellulose (CMC)
Agrochemical
Surfactants
Thioglycolic Acid (TGA)
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
AkzoNobel
CABB
Denak
DuPont
Daicel Chemical Industries
Niacet
Meridian Chem-Bond Ltd
Shri Chlochem
China Pingmei Shenma Group
Jiangsu New Century Salt Chemistry
Shijiazhuang Banglong Chemical
Shijiazhuang Bide Huagong
Shandong Huayang Technology
Chongqing Seayo Chemical Industry
Jiangsu Tongtai Chemical
Luzhou Hepu Chemical
Henan HDF Chemical
Shandong MinJi Chemical
Hangzhou Chuanggao Industry
Jiangmen Guangyue Electrochemical
Puyang Tiancheng Chemical
Tiande Chemical
Key Questions Addressed in this Report
What is the 10-year outlook for the global Chloroacetic Acid (Monochloroacetic Acid) market?
What factors are driving Chloroacetic Acid (Monochloroacetic Acid) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Chloroacetic Acid (Monochloroacetic Acid) market opportunities vary by end market size?
How does Chloroacetic Acid (Monochloroacetic Acid) break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

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