Monochloroacetic Acid Market Overview |Size, COVID-19 Impact, Share, Segment, Regional Analysis and Leading Players by Forecast to 2023

Posted July 25, 2020 by Retica

Monochloroacetic Acid Market Research Report: By Form (Crystalline, Liquid), Application (Intermediates, Agrochemicals, Thickening Agent, Surfactants), End-Use Industry (Agriculture, Pharmaceuticals, Cosmetic & Personal Care) - Forecast Till 2023

Key Players
Some of the manufacturers operating in the global monochloroacetic acid market are Akzo Nobel N.V. (Netherlands), CABB GmbH (Germany), Daicel Corporation (Japan), Denak Co., Ltd (Japan), The Dow Chemical Company (U.S.), PCC SE (Germany), Niacet (U.S.), Xuchang Dongfang Chemical Co. Ltd. (China), Shandong Minji Chemical Co., Ltd. (China), Shiv Chem Industries (India), Abhishek Impex (India), Merck KGaA (Germany), Jubilant Life Sciences Ltd. (India), Alfa Aesar, Thermo Fisher Scientific (U.S.), and anugrah IN-ORG(P) LIMITED (India).
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The global monochloroacetic acid market is segmented on the basis of form, application, end-use industry, and region.
The global monochloroacetic acid market is segmented on the basis of the form into crystalline, liquid, powdered, and flakes.
Based on the application, the global monochloroacetic acid market is segmented into carboxyl methyl cellulose, thioglycolic acid, thickening agent, surfactants, intermediates, and others.
On the basis of the end-use industry, the global monochloroacetic acid market is segmented into agrochemicals, pharmaceuticals, cosmetic & personal care, oil & gas, textiles, plastics, and others

Regional Analysis:
The global monochloroacetic acid market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific was the largest region in the global monochloroacetic acid market in 2016 owing to high demand from major end-use industries such as personal care, agrochemicals, and others. Increasing agricultural sector in India, China, South Korea, Indonesia, and others are expected to propel the market growth in Asia Pacific region. Additionally, the product is used to provide texture to the personal care products, which is expected to drive the market growth in the personal care sector over the assessment period, 2018-2023. Furthermore, the product is also used in the fusion of indigo dyestuff, which is expected to drive its demand in the textile industry, especially, in the Southeast Asian market.

North America was the second largest region in the global monochloroacetic acid market on account of growing pharmaceuticals and agrochemical industries in the U.S. and Canada.

Europe is projected to experience a considerable growth owing to the growing pharmaceutical industries in the region.

Latin America market is likely to grow on account of growing agricultural sector in countries such as Mexico, Brazil, and Argentina.

The exploration & drilling activities due to the presence of oil & gas deposits in the GCC countries is likely to fuel the product demand as a water retention agent in the Middle East & African region.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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Issued By Market Research Future (MRFR)
Country India
Categories Blogging , Reports , Research
Tags Monochloroacetic Acid Market , Global Monochloroacetic Acid Market , Monochloroacetic Acid Market Size , Monochloroacetic Acid Market Share , Monochloroacetic Acid Market Research
Last Updated July 25, 2020