Global Monochloroacetic Acid Market Size To Exceed USD 1946.35 Million By 2035 | CAGR of 6.43%
Category: Chemicals & MaterialsGlobal Monochloroacetic Acid Market Size To Exceed USD 1946.35 Million By 2035
According to a research report published by Spherical Insights & Consulting, The Global Monochloroacetic Acid Market Size is expected to grow from USD 980.25 Million in 2024 to USD 1946.35 Million by 2035, at a CAGR of 6.43% during the forecast period 2025-2035.
Get more details on this report -
Browse 213 Market Data Tables And 45 Figures Spread Through 130 Pages and In-Depth TOC On the "Global Monochloroacetic Acid Market Size, Share, and COVID-19 Impact Analysis, By Form (Crystalline and Liquid), By Application (Intermediates, Agrochemicals, Thickening Agent, and Surfactants), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 - 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/monochloroacetic-acid-market
The manufacture, transport, and consumption of monochloroacetic acid, a crucial chemical intermediate, are all part of the global commercial landscape known as the Monochloroacetic Acid (MCAA) market. The main applications for MCAA are in the production of textiles, personal care products, medications, and agrochemicals. This market includes a range of product grades and forms designed to satisfy various industrial needs. The market for monochloroacetic acid (MCAA) is expanding due to rising demand from a number of end-use sectors, including textiles, personal care products, pharmaceuticals, and agrochemicals. The market is expanding due to its extensive use as an intermediate in the manufacturing of herbicides, carboxymethyl cellulose, and other specialty chemicals. Additionally, the need for MCAA-based agrochemicals is increased by growing agricultural activities worldwide, especially in emerging nations. However, the market for monochloroacetic acid is constrained in its expansion by stringent regulations, high manufacturing costs, toxicity concerns, and changes in the supply of raw materials.
The crystalline segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the form, the monochloroacetic acid market is divided into crystalline and liquid. Among these, the crystalline segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The crystalline structure finds extensive application in several industries, especially in the production of herbicides, pharmaceutical intermediates, and carboxymethyl cellulose (CMC).
The intermediates segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the application, the monochloroacetic acid market is divided into intermediates, agrochemicals, thickening agents, and surfactants. Among these, the intermediates segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The main reason for the intermediates segment is the extensive use of MCAA as a crucial component in the manufacturing of numerous downstream products, including thioglycolic acid, carboxymethyl cellulose (CMC), and other specialty chemicals.
Asia Pacific is expected to hold the majority share of the global monochloroacetic acid market during the forecast period.
Get more details on this report -
Asia Pacific is expected to hold the majority share of the global monochloroacetic acid market during the forecast period. The region's market is growing due in large part to rapid industrialization, growing agricultural activities, and rising demand from end-use sectors like textiles, agrochemicals, medicines, and personal care goods. The region's position is further reinforced by the existence of a sizable manufacturing base and a plentiful supply of raw resources. The market is expected to grow as a result of significant investments being made in chemical manufacturing infrastructure in emerging economies in the Asia-Pacific region, such as China, India, and Southeast Asian nations.
North America is anticipated to grow at the fastest pace in the global monochloroacetic acid market during the forecast period. The need for MCAA-based agrochemicals in North America is further driven by the increased focus on crop protection and agricultural production. The region's strong market trajectory is also influenced by investments made by top chemical producers to increase production capabilities and launch cutting-edge applications.
Major vendors in the global monochloroacetic acid market are PCC SE, Niacet, Merck KGaA, CABB GmbH, Denak Co., Ltd., Abhishek Impex, Akzo Nobel N.V., Daicel Corporation, Shiv Chem Industries, The Dow Chemical Company, Shandong Minji Chemical Co., Ltd., Xuchang Dongfang Chemical Co., Ltd., and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In October 2023, A new range of high-purity monochloroacetic acid products was introduced by CABB Group to improve performance in the production of pharmaceuticals and specialty chemicals by providing better quality and consistency and satisfying the industry's increasing need for sophisticated and dependable chemical intermediates.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the monochloroacetic acid market based on the below-mentioned segments:
Global Monochloroacetic Acid Market, By Form
- Crystalline
- Liquid
Global Monochloroacetic Acid Market, By Application
- Intermediates
- Agrochemicals
- Thickening Agent
- Surfactants
Global Monochloroacetic Acid Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?