PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1674353
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1674353
Global Monochloroacetic Acid Market is estimated to be valued at USD 1.06 Bn in 2025 and is expected to reach USD 1.43 Bn by 2032, growing at a compound annual growth rate (CAGR) of 4.4% from 2025 to 2032.
Report Coverage | Report Details | ||
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Base Year: | 2024 | Market Size in 2025: | USD 1.06 Bn |
Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
Forecast Period 2025 to 2032 CAGR: | 4.40% | 2032 Value Projection: | USD 1.43 Bn |
Monochloroacetic acid or MCA is an important organic compound that finds application as a building block in the production of numerous industrial chemicals and pharmaceuticals. It is a colorless, solid, or crystalline compound with an unpleasant odor. MCA exhibits strong acidity due to the presence of carboxyl group and behaves as a chloro substituted acetic acid derivative. Its global market has been growing significantly over the years owing to the substantial usage of MCA in the manufacturing of glyphosate, carboxymethyl cellulose, and thioglycolic acid. It plays a vital role as an intermediate in various branches of chemical industry.
Market Dynamics:
The global monochloroacetic acid market has been witnessing strong growth mainly driven by the increasing demand for herbicides such as glyphosate from the agricultural sector worldwide. Moreover, the growing needs for carboxymethyl cellulose in the food & beverage, pharmaceutical, and personal care industries has been positively influencing the sales of MCA. However, health hazards associated with the exposure to MCA is expected to hamper the market growth. On the other hand, the development of bio-based production methods for MCA creates new opportunities in the approaching years. Stringent regulatory policies regarding glyphosate residues may challenge the expansion of the monochloroacetic acid market to some extent.
Key Features of the Study:
Detailed Segmentation-