Global Dichloroacetic Acid Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Dichloroacetic Acid Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Dichloroacetic acid is an organic compound, a colorless liquid with a pungent odor. It is a product in which the two hydrogens on the methyl group of the acetic acid molecule are replaced by chlorine. Dichloroacetic acid can form salts or esters, and its salts can inhibit pyruvate dehydrogenase. Dichloroacetic acid can be used as pesticide and pharmaceutical intermediates, as well as organic synthesis intermediates for the production of methyl dichloroacetate, medical allantoin, and cationic dyes.

Market Overview:

The latest research study on the global Dichloroacetic Acid market finds that the global Dichloroacetic Acid market reached a value of USD 621.87 million in 2022. It’s expected that the market will achieve USD 809.37 million by 2028, exhibiting a CAGR of 4.49% during the forecast period.

Demand in the Asia-Pacific region will grow rapidly

As the population from the Asia-Pacific region, such as China and India, continues to increase, demand and consumption are also increasing, and the pesticide and pharmaceutical industries in the Asia-Pacific region are rising. India occupies an important position in the global pharmaceutical industry. India is the world's largest producer of generic drugs. Due to a growing middle class and an aging society, increasing incomes and accelerating urbanization, China's pharmaceutical market is rapidly rising. In addition, agriculture is the main source of livelihood for about 58% of India's population. Many Asian countries are large agricultural producers. The demand for agrochemicals will drive the demand for dichloroacetic acid in the market. Therefore, driven by the development of agriculture, medicine and industry, the dichloroacetic acid market in the Asia-Pacific region will develop rapidly during the forecast period.

Increased demand for agrochemicals

Due to the growing population, the continuous advancement of agricultural technology, and the advancement of global plant breeding and management expertise, the demand for the use of agrochemicals has increased. According to United Nations data, the amount of food needed by 2050 will be 70% more than the current demand. In emerging economies such as China and India, growing populations and greater economic prosperity will further boost food production. According to a survey conducted by the Proceedings of the National Academy of Sciences (PNAS), pests and pathogens cause nearly 40 billion U.S. dollars in losses to plant and forest crop production in the United States every year. This statistical data reflects the large-scale demand for agricultural chemicals such as pesticides, herbicides, fungicides and insecticides. Therefore, the increase in food demand has led to an increase in the demand for the use of crop protection chemicals such as herbicides and pesticides. Dichloroethylene is a pesticide intermediate, and the increasing demand for agrochemicals promotes the development of the dichloroethylene market.

Region Overview:

From 2022-2027, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

CABB is one of the major players operating in the Dichloroacetic Acid market, holding a share of 9.82% in 2022.

CABB

CABB is a leading custom manufacturer of raw materials, active ingredients and advanced intermediates. Focus on producing customized, highly complex molecules for leading companies, especially in the agricultural chemistry, life sciences and high-performance materials industries.

Hebei Huadong Chemical

Hebei Huadong Chemical Co., Ltd. relies on abundant underground rock salt resources, abundant coal and coal derivatives resources and huge surrounding market resources to carry out salt chemical and fine chemical projects.

Segmentation Overview:

By type, 99% Purity segment accounted for the largest share of market in 2021.

Application Overview:

The market's largest segment by application is the segment Organic Synthesis, with a market share of 51.99% in 2021.

Pesticide Intermediate

Pesticide intermediates are products produced by processing agricultural raw materials. They are intermediate media that combine two or more substances, and are intermediate materials for the production of pesticides. Dichloroacetic acid can be used to prepare iron chelates and other substances in the agricultural field.

Pharmaceutical intermediates

Pharmaceutical intermediates are some chemical raw materials or chemical products used in the process of drug synthesis. Dichloroacetic acid can be used to produce glyoxylic acid, di-alkoxy and diaromatic acid and sulfa drugs in the field of medicine. It can be used as a cauterizing agent to treat symptoms such as calluses, hard corns and soft corns.

Organic Synthesis

Dichloroacetic acid can be used as an organic synthesis intermediate in organic synthesis for the production of methyl dichloroacetate (chloramphenicol intermediate), pharmaceutical allantoin and cationic dyes, etc.

Key Companies in the global Dichloroacetic Acid market covered in Chapter 3:

Thermo Scientific
Hangzhou Keying Chem Co., Ltd.
CABB
Hebei Huadong Chemical
SKYRUN INDUSTRIAL CO., LIMITED
CHANGZHOU WUJIN CHANGSHENG CHEMICAL CO., LTD.
MEDICALCHEM (YANCHENG) MANUF.CO., LTD.
Aecochem Corp.

In Chapter 4 and Chapter 14.2, on the basis of types, the Dichloroacetic Acid market from 2018 to 2029 is primarily split into:

98% Purity
99% Purity

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Dichloroacetic Acid market from 2018 to 2029 covers:

Pesticide Intermediate
Pharmaceutical intermediates
Organic Synthesis
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)