Monochloroacetic Acid Market to exceed US$1.2 Billion by 2024

SELLBYVILLE, Del., July 31, 2018 /PRNewswire-iReach/ -- The industry forecast report says, "(MCAA) Monochloroacetic Acid Market is predicted to be valued USD 1.2 billion by 2024." Monochloroacetic acid chemical compound is primarily used for producing carboxymethyl cellulosics. Growing demand for carboxymethyl cellulosics in oil drilling activities, is increasing the market growth for monochloroacetic acid. Carboxymethyl cellulosics several applications in food industry for the purpose of thickening, modifying viscosity, and emulsifying stabilizer is driving the monochloroacetic acid market growth.

Further cellulosics is also used as food additives and in various ice-creams products with wide range of application in items other than food such as paper products, detergents, textile sizing, toothpastes, and paints will likely to foster MCAA market growth.

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Rapidly growing application in end-user industries such as pharmaceutical, paper, textiles, personal care, food & beverages and oil & gas is fueling the market growth. Growth in textile and food industry owing to shift in consumer fashion trend and consumption pattern towards packaged food products respectively is boosting the monochloroacetic acid market in the forecast timespan.

Ethanol and ascetic acid are major component for producing monochloroacetic acid, these component are derived from crude oil. Fluctuation in crude oil prices owing to lower demand and greater supply of oil will adversely affect the manufacturing prices of the Monochloroacetic acid. This factor may pose as a challenge for the growing MCAA market in forecast period.

Among the two processes, chlorination process holds significant share of the monochloroacetic acid market. This includes adding up of chlorine in the process for killing particular bacteria and other microbes. Prominent companies use the chlorination process for manufacturing their product.

The monochloroacetic acid (MCAA) market products are in a form of dry powder, liquid and pellets. The products have various application in the end-user industry such as personal care, oil & drilling, textiles, pharmaceutical and textiles.

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The major application for this market are surfactants, cellulosics, agrochemical and thioglycolic acid(TGA). There is a substantial demand for cellulosics in the market which will promote growth at the rate of 4.5% over the forecast period. The market will be dominated by surfactants segment owing to increasing application in personal care and household products. Moreover, surfactants segment is projected to cross USD 175 million by 2024.

Asia Pacific region is likely to hold 60% share of the global monochloroacetic acid market by 2024. This region is dominated by China, Indonesia, India and Vietnam which support's various application of the product in the end-user industry such as pharmaceutical, textile and personal care industries. Further, North America market will witness an increase by CAGR of 2.5% owing to development of pharmaceutical industry.

The leading companies in monochloroacetic acid market are S.R. Drugs, Denak, CABB GmbH, Swati Chemical, AkzoNobel, Niacet, PCC SE, Xuchang Dongfang, Shiv Chem, Shandong Minji, JUBILANT, Daicel, Abhishek Impex, Merck KGaA, Alfa Aesar, , Anugrah and Dow Chemical.

Buy this industry insights spread across 140 pages with 195 market data tables & 11 figures & charts from the report, "Monochloroacetic Acid (MCAA) Market Size By Process (Chlorination, Hydrolysis), By Product (Dry Powder, Liquid, Pellets), By Application (Cellulosics, Agrochemicals, Surfactants, Thioglycolic Acid), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024" in detail along with the table of contents:

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Chapter 3. Monochloroacetic Acid (MCAA) Industry Insights

3.1. Industry segmentation

3.2. Industry size and forecast, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1.   Vendor matrix

3.3.2.   Distributor channel analysis

3.4. Industry impact forces

3.4.1.   Growth drivers

3.4.1.1.    Rising monochloroacetic acid demand in China and India

3.4.1.2.    Rising agrochemicals demand in the U.S. and BRICS nations

3.4.1.3.    Growing demand for carboxymethyl cellulose in oil drilling activities

3.4.2.   Industry pitfalls & challenges

3.4.2.1.    Volatility of raw material prices

3.5. Growth potential analysis

3.6. Technology trends

3.7. Regulatory trends

3.7.1.   U.S.

3.7.2.   Europe

3.7.3.   China

3.8. Porter's analysis

3.9. Company market share analysis, 2016

3.9.1.   Strategic landscape

3.10.     PESTEL analysis

3.11.        Regional price trends

3.11.1. Cost structure analysis

3.11.2. Raw material trends

Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/monochloroacetic-acid-MCAA-market

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