Global Monochloroacetic Acid Market Size Study, by Chemical Application, by End-User Industry and Regional Forecasts 2022-2032

Description

The Global Monochloroacetic Acid Market was valued at approximately USD 0.94 billion in 2023 and is expected to expand at a CAGR of 6.40% over the forecast period from 2024 to 2032. Monochloroacetic Acid (MCA) serves as a fundamental raw material in the chemical industry, playing an indispensable role in the synthesis of numerous essential chemicals. Owing to its versatility, MCA is widely utilized in the production of carboxymethylcellulose (CMC), agrochemicals, surfactants, and pharmaceuticals. The ongoing advancements in chemical synthesis techniques, combined with the increasing demand for sustainable and biodegradable alternatives, have amplified its adoption across various industrial applications. Furthermore, the surging focus on precision agriculture and specialty chemicals is fueling demand, as MCA remains integral in the formulation of herbicides such as 2,4-Dichlorophenoxyacetic Acid, a widely used selective weed killer.

The global market for Monochloroacetic Acid is witnessing substantial growth, driven by rising consumption in pharmaceuticals, agrochemicals, and personal care industries. As the demand for CMC-based personal care and pharmaceutical products continues to rise, manufacturers are increasing their MCA production capacity to cater to diverse industrial needs. Additionally, the growing emphasis on eco-friendly chemical solutions has encouraged innovation in bio-based MCA alternatives, further reinforcing the industry's expansion. However, challenges such as price volatility of raw materials, stringent environmental regulations, and the hazardous nature of MCA handling could potentially restrain market growth. Nevertheless, ongoing research in advanced production technologies and sustainable alternatives is expected to mitigate these challenges, ensuring steady growth.

In terms of regional dynamics, Europe has emerged as the dominant market in 2023, attributed to the presence of leading chemical manufacturers, advanced infrastructure, and stringent regulatory frameworks promoting the use of sustainable chemicals. Countries such as Germany, France, and the UK are at the forefront of innovative applications of MCA, particularly in the pharmaceuticals and agrochemicals sectors. On the other hand, Asia-Pacific is poised to register the fastest growth rate during the forecast period, fueled by rapid industrialization, increasing agricultural productivity, and expanding personal care industries in China, India, and Japan. Additionally, North America continues to hold a significant share in the market, with the United States and Canada investing heavily in biochemical research and sustainable industrial solutions. Meanwhile, Latin America and the Middle East & Africa are witnessing growing demand for MCA in agrochemical and detergent applications, positioning them as emerging markets with untapped potential.

Major Market Players Included in This Report Are:

BASF SE
AkzoNobel N.V.
The Dow Chemical Company
Daicel Corporation
Niacet Corporation
PCC SE
Shandong Minji Chemical Co., Ltd.
CABB Group GmbH
Alfa Aesar (Thermo Fisher Scientific)
Anugrah In-Org (P) Ltd
Jubilant Life Sciences
Denak Co., Ltd.
Shandong Henglian Chemical Co., Ltd.
Xudong Chemical Co., Ltd.
Meridian Chem-Bond Ltd.

The Detailed Segments and Sub-Segments of the Market Are Explained Below:

By Chemical Application:

Glycine
Carboxymethylcellulose (CMC)
Surfactants
2,4-Dichlorophenoxyacetic Acid
Thioglycolic Acid
Other Chemical Applications

By End-User Industry:

Personal Care and Pharmaceuticals
Agrochemicals
Geological Drillings
Dyes and Detergents
Other End-User Industries

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America:

Brazil
Mexico
Rest of Latin America

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years Considered for the Study Are as Follows:

Historical Year - 2022, 2023
Base Year - 2023
Forecast Period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecasts for 10 years from 2022 to 2032.
Annualized revenue and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level assessments.
Insights into the competitive landscape, including major players' business strategies.
Evaluation of emerging market trends, technological advancements, and regulatory impacts.
Comprehensive industry structure analysis, including supply chain and demand trends.
Impact assessment of sustainability initiatives and the rise of eco-friendly alternatives.

Chapter 1. Global Monochloroacetic Acid Market Executive Summary

1.1. Global Monochloroacetic Acid Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Chemical Application (Glycine, Carboxymethylcellulose [CMC], Surfactants, 2,4-Dichlorophenoxyacetic Acid, Thioglycolic Acid, and Other Chemical Applications)
- 1.3.2. By End-User Industry (Personal Care and Pharmaceuticals, Agrochemicals, Geological Drillings, Dyes and Detergents, and Other End-User Industries)
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Monochloroacetic Acid Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Monochloroacetic Acid Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Consumption in Pharmaceuticals, Agrochemicals, and Personal Care Industries
- 3.1.2. Increasing Demand for Sustainable and Biodegradable Alternatives
- 3.1.3. Advancements in Chemical Synthesis Techniques
3.2. Market Challenges
- 3.2.1. Price Volatility of Raw Materials
- 3.2.2. Stringent Environmental Regulations
- 3.2.3. Hazardous Nature of MCA Handling
3.3. Market Opportunities
- 3.3.1. Growth in Precision Agriculture and Specialty Chemicals
- 3.3.2. Innovations in Bio-based MCA Alternatives
- 3.3.3. Expanding Industrialization in Emerging Markets

Chapter 4. Global Monochloroacetic Acid Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Monochloroacetic Acid Market Size & Forecasts by Chemical Application 2022-2032

5.1. Segment Dashboard
5.2. Global MCA Market: Chemical Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Glycine
- 5.2.2. Carboxymethylcellulose (CMC)
- 5.2.3. Surfactants
- 5.2.4. 2,4-Dichlorophenoxyacetic Acid
- 5.2.5. Thioglycolic Acid
- 5.2.6. Other Chemical Applications

Chapter 6. Global Monochloroacetic Acid Market Size & Forecasts by End-User Industry 2022-2032

6.1. Segment Dashboard
6.2. Global MCA Market: End-User Industry Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Personal Care and Pharmaceuticals
- 6.2.2. Agrochemicals
- 6.2.3. Geological Drillings
- 6.2.4. Dyes and Detergents
- 6.2.5. Other End-User Industries

Chapter 7. Global Monochloroacetic Acid Market Size & Forecasts by Region 2022-2032

7.1. North America MCA Market
- 7.1.1. U.S. MCA Market
  - 7.1.1.1. Chemical Application breakdown size & forecasts, 2022-2032
  - 7.1.1.2. End-User Industry breakdown size & forecasts, 2022-2032
- 7.1.2. Canada MCA Market
7.2. Europe MCA Market
- 7.2.1. U.K. MCA Market
- 7.2.2. Germany MCA Market
- 7.2.3. France MCA Market
- 7.2.4. Spain MCA Market
- 7.2.5. Italy MCA Market
- 7.2.6. Rest of Europe MCA Market
7.3. Asia-Pacific MCA Market
- 7.3.1. China MCA Market
- 7.3.2. India MCA Market
- 7.3.3. Japan MCA Market
- 7.3.4. Australia MCA Market
- 7.3.5. South Korea MCA Market
- 7.3.6. Rest of Asia-Pacific MCA Market
7.4. Latin America MCA Market
- 7.4.1. Brazil MCA Market
- 7.4.2. Mexico MCA Market
- 7.4.3. Rest of Latin America MCA Market
7.5. Middle East & Africa MCA Market
- 7.5.1. Saudi Arabia MCA Market
- 7.5.2. South Africa MCA Market
- 7.5.3. Rest of Middle East & Africa MCA Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. BASF SE
- 8.1.2. The Dow Chemical Company
- 8.1.3. AkzoNobel N.V.
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. BASF SE
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. The Dow Chemical Company
- 8.3.3. AkzoNobel N.V.
- 8.3.4. Daicel Corporation
- 8.3.5. Niacet Corporation
- 8.3.6. PCC SE
- 8.3.7. Shandong Minji Chemical Co., Ltd.
- 8.3.8. CABB Group GmbH
- 8.3.9. Alfa Aesar (Thermo Fisher Scientific)
- 8.3.10. Anugrah In-Org (P) Ltd
- 8.3.11. Jubilant Life Sciences
- 8.3.12. Denak Co., Ltd.
- 8.3.13. Shandong Henglian Chemical Co., Ltd.
- 8.3.14. Xudong Chemical Co., Ltd.
- 8.3.15. Meridian Chem-Bond Ltd.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes