Global Monochloroacetic Acid Market (MCAA) is expected to reach USD 944.74 Mn by 2024 from USD 742.56 Mn in 2016 at a CAGR of 3.5 %.

The global monochloroacetic acid market based on product form is segmented into crystalline, flakes and liquid. The market based on application is segmented into CMC, surfactants, agrochemicals, thermogravimetric analysis (TGA) and others. Geographically, the monochloroacetic acid market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

Monochloroacetic acid market is mainly driven by increasing demand for the synthesis of carboxy methyl cellulose, thioglycolic acid, and glycine. High amount of monochloroacetic acid is consumed for the production of CMC, also called as cellulose gel. CMC in the food & beverages industry for applications such as powdered drinks, alcoholic and non-alcoholic beverages, and ice-cream. CMC is also widely demanded over synthetic and natural glues, which is expected to drive its demand and hence monochloroacetic acid. Factors are likely to boost the revenue growth of the global monochloroacetic acid market over the forecast period.

Global Monochloroacetic Acid Market (MCAA)

CMC segment holds largest shares of the market. Growth of this segment is attributed to the wide application of CMC in various end-use industries, such as detergent, construction, agriculture, paper, cosmetic, adhesive, paint, plastic, ceramic, textile, pharmaceutical and food.

Asia Pacific market dominated the global monochloroacetic acid market in terms of production and consumption in 2017. Asia Pacific region accounted for more than two-thirds share. Asia Pacific is estimated to grow at highest CAGR in monochloroacetic acid market during the forecast period. Latin America monochloroacetic acid market is anticipated to reach a value CAGR of 5 % during the forecast period.
Akzonobel, Daicel, CABB, Shandong Minji Chemical, Archit Organosys, PCC, Denak, Meridian Chem-Bond, Kaifeng Dongda Chemical Company, Niacet, Henan HDF Chemical Company, S R Drugs and Intermediates, Puyang Tiancheng Chemical Co., Ltd. AND Anugrah In-Org are key players of monochloroacetic acid market.

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