Monochloroacetic Acid Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033

Description

Persistence Market Research has recently released a detailed report on the global Monochloroacetic Acid (MCAA) market, offering a thorough analysis of essential market dynamics, including key drivers, emerging trends, opportunities, and challenges. This report aims to provide a comprehensive understanding of the market landscape.

Key Insights:

Monochloroacetic Acid Market Size (2024E): USD 963.5 Mn
Projected Market Value (2033F): USD 1,355.50 Mn
Global Market Growth Rate (CAGR 2024 to 2033): 3.90%

Monochloroacetic Acid Market - Report Scope:

Monochloroacetic Acid (MCAA) is a vital chemical compound used in various industrial applications, including the production of carboxymethyl cellulose, pharmaceuticals, and agrochemicals. It is also utilized in the manufacturing of dyes, plastics, and other chemical intermediates. The market for MCAA is growing due to increasing demand in diverse end-use industries, advancements in production technologies, and rising applications in emerging sectors. The market is driven by the chemical's versatility and its crucial role in several manufacturing processes.

Market Growth Drivers:

The global Monochloroacetic Acid market is propelled by several key factors, including the growing demand for MCAA in the pharmaceutical and agricultural sectors. The rise in industrial applications, particularly in the production of specialty chemicals and additives, is also contributing to market expansion. Additionally, advancements in MCAA production technologies and the increasing use of this chemical in emerging applications are further driving market growth. The rising need for MCAA in high-value applications and the expansion of manufacturing capacities are supporting market development.

Market Restraints:

Despite its growth potential, the Monochloroacetic Acid market faces challenges such as environmental and safety concerns associated with its production and use. Regulatory restrictions on the handling and disposal of hazardous chemicals can impact market dynamics. Additionally, fluctuations in raw material prices and the potential for technological disruptions in production processes pose risks to market stability. Addressing these challenges requires stringent safety measures and regulatory compliance.

Market Opportunities:

The Monochloroacetic Acid market presents significant opportunities driven by technological advancements and the expanding scope of applications. Innovations in production techniques and the development of new applications in the pharmaceutical and agrochemical industries are opening up new growth avenues. The increasing focus on sustainable and eco-friendly production methods also offers opportunities for market expansion. Strategic investments in research and development, along with collaborations with end-use industries, are essential for capitalizing on these emerging opportunities.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the Monochloroacetic Acid market globally?
Which sectors and applications are leading the demand for Monochloroacetic Acid?
How are technological advancements influencing the competitive landscape of the Monochloroacetic Acid market?
Who are the major players in the Monochloroacetic Acid market, and what strategies are they using to maintain their market positions?
What are the emerging trends and future prospects in the global Monochloroacetic Acid market?

Competitive Intelligence and Business Strategy:

Key players in the global Monochloroacetic Acid market, including major chemical manufacturers and industry leaders, are focusing on innovation, technological advancements, and strategic partnerships to gain a competitive edge. These companies invest significantly in research and development to enhance production processes and develop new applications for MCAA. Collaborations with technology providers, research institutions, and end-use industries are crucial for market access and growth. Emphasizing sustainability, safety, and efficient production practices are key strategies for maintaining a leading position in the dynamic Monochloroacetic Acid market.

Key Companies Profiled:

AkzoNobel N.V.
CABB Group
Nufarm Limited
Niacet Corporation
Jubilant Life Sciences Limited
Shandong Minji Chemical Co.,Ltd.
Archit Organosys Limited
IOL Chemicals & Pharmaceuticals Limited
Meridian Chem Bond Pvt. Ltd.
S.R.Drugs and Intermediates Pvt. Ltd.

Key Segments of Monochloroacetic Acid Market

Application

Chemical Compounds
Drugs
Herbicides and Insecticides

End Use

Pharmaceuticals
Chemicals
Food & Beverages

Region

North America
Latin America
Europe
Asia Pacific
MEA

Product Code: PMRREP12004

1. Executive Summary

2. Market Introduction

2.1. Market Definition
2.2. Market Taxonomy

3. Global Monochloroacetic Acid (MCAA) Market Analysis Scenario

3.1. Market Volume Analysis
- 3.1.1. Regional Production Outlook
- 3.1.2. Regional Consumption Outlook
3.2. Pricing Analysis
- 3.2.1. Price Projections Per Region
3.3. Market Size (US$ MN) and Forecast
- 3.3.1. Market Size and Y-o-Y Growth
- 3.3.2. Absolute $ Opportunity
3.4. Global Monochloroacetic Acid (MCAA) Market Supply Chain Analysis
3.5. Location Analysis
- 3.5.1. Top Producing Countries
- 3.5.2. Top Consuming Countries
- 3.5.3. Shift of Supply Locations in Near Term

4. Market Dynamics

4.1. Macro-economic Factors
4.2. Drivers
4.3. Restraints
4.4. Opportunity
4.5. Forecast Factors - Relevance and Impact

5. Impact of Covid-19 on Market

5.1. Covid-19 The Situation Now
5.2. Effects of National Lockdowns in Various Countries
5.3. Scenarios for Economic Impact of Covid-19 Crisis
5.4. Industries Affected by Coronavirus Outbreak Worldwide
5.5. Projected Recovery for Hardest Hit Sectors
5.6. Coronavirus Impact on The World of Work
5.7. Impact of Covid-19 on Manufacturing Industry
5.8. Manufacturing Purchasing Managers Index, 2024
5.9. Impact of Covid-19 on Supply Chain Worldwide
5.10. Planning & Managing During Covid-19 Pandemic
5.11. Upcoming Pointers Business Leaders Should Focus On

6. Impact of Covid-19 on Monochloroacetic Acid (MCAA) Market

6.1. Covid-19 Impact v/s Value of Monochloroacetic Acid (MCAA) Market, by Country 2020
6.2. Monochloroacetic Acid (MCAA) Sales Projections 2020 During Covid-19 Pandemic
6.3. Pre Covid-19 Market Forecasts v/s Post Covid-19 Market Forecasts

7. Global Monochloroacetic Acid (MCAA) Market Analysis and Forecast, By Application

7.1. Introduction
- 7.1.1. Basis Point Share (BPS) Analysis By Application
- 7.1.2. Y-o-Y Growth Projections By Application
7.2. Market Size (US$ MN) and Volume (Tonnes) Forecast By Application
- 7.2.1. Production of Chemical Compounds
  - 7.2.1.1. Carboxymethylcellulose
  - 7.2.1.2. Thioglycolic Acid
  - 7.2.1.3. Technical Grade Glycine
  - 7.2.1.4. Others (Cyanoacetic Acid, Glycolic Acid, Betaine)
- 7.2.2. Drugs
  - 7.2.2.1. USP Grade Glycine
  - 7.2.2.2. Caffeine
  - 7.2.2.3. Vitamins
  - 7.2.2.4. Others (Vitamins)
- 7.2.3. Herbicides and Insecticides
  - 7.2.3.1. Technical Grade (Glyphosate)
  - 7.2.3.2. 2,4-D (2,4-dichlorophenoxyacetic acid)
  - 7.2.3.3. 2,4,5-T (2,4,5-trichlorophenoxyacetic acid)
  - 7.2.3.4. Others (MCPA (2-methyl-4-chlorophenoxyacetic acid, Dimethoate)
- 7.2.4. Others (Indigo Dyeing Agent, Amphoteric Surfactants)
7.3. Market Attractiveness Analysis By Application

8. Global Monochloroacetic Acid (MCAA) Market Analysis and Forecast, By End Use

8.1. Introduction
- 8.1.1. Basis Point Share (BPS) Analysis By End Use
- 8.1.2. Y-o-Y Growth Projections By End Use
8.2. Market Size (US$ MN) and Volume (Tonnes) Forecast By End Use
- 8.2.1. Pharmaceuticals
- 8.2.2. Chemicals
  - 8.2.2.1. Agrochemicals
  - 8.2.2.2. Specialty Chemicals
  - 8.2.2.3. Others (Dyes, Detergents, Polymers, Pulp & Paper)
- 8.2.3. Food & Beverages
- 8.2.4. Others (Oil & Gas, Personal Care)
8.3. Market Attractiveness Analysis By End Use

9. Global Monochloroacetic Acid (MCAA) Market Analysis and Forecast By Region

9.1. Introduction
- 9.1.1. Basis Point Share (BPS) Analysis By Region
- 9.1.2. Y-o-Y Growth Comparison By Region
9.2. Market Size (US$ MN) and Volume (Tonnes) Forecast By Region
- 9.2.1. North America
- 9.2.2. Latin America
- 9.2.3. Europe
- 9.2.4. Asia Pacific
- 9.2.5. Middle East and Africa
9.3. Market Attractiveness Analysis By Region

10. North America Monochloroacetic Acid (MCAA) Market Analysis

10.1. Introduction
- 10.1.1. Basis Point Share (BPS) Analysis By Country
- 10.1.2. Y-o-Y Growth Projection By Country
10.2. Market Size (US$ MN) and Volume (Tonnes) Forecast By Country
- 10.2.1. U.S.
- 10.2.2. Canada
10.3. Market Size (US$ MN) and Volume (Tonnes) Forecast By Application
- 10.3.1. Production of Chemical Compounds
  - 10.3.1.1. Carboxymethylcellulose
  - 10.3.1.2. Thioglycolic Acid
  - 10.3.1.3. Technical Grade Glycine
  - 10.3.1.4. Others (Cyanoacetic Acid, Glycolic Acid, Betaine)
- 10.3.2. Drugs
  - 10.3.2.1. USP Grade Glycine
  - 10.3.2.2. Caffeine
  - 10.3.2.3. Vitamins
  - 10.3.2.4. Others (Vitamins)
- 10.3.3. Herbicides and Insecticides
  - 10.3.3.1. Technical Grade (Glyphosate)
  - 10.3.3.2. 2,4-D (2,4-dichlorophenoxyacetic acid)
  - 10.3.3.3. 2,4,5-T (2,4,5-trichlorophenoxyacetic acid)
  - 10.3.3.4. Others (MCPA (2-methyl-4-chlorophenoxyacetic acid, Dimethoate)
- 10.3.4. Others (Indigo Dyeing Agent, Amphoteric Surfactants)
10.4. Market Size (US$ MN) and Volume (Tonnes) Forecast By End Use
- 10.4.1. Pharmaceuticals
- 10.4.2. Chemicals
  - 10.4.2.1. Agrochemicals
  - 10.4.2.2. Specialty Chemicals
  - 10.4.2.3. Others (Dyes, Detergents, Polymers, Pulp & Paper)
- 10.4.3. Food & Beverages
- 10.4.4. Others (Oil & Gas, Personal Care)
10.5. Market Attractiveness Analysis
- 10.5.1. By Country
- 10.5.2. By Application
- 10.5.3. By End Use
10.6. Prominent Trends
10.7. Drivers and Restraints: Impact Analysis

11. Latin America Monochloroacetic Acid (MCAA) Market Analysis

11.1. Introduction
- 11.1.1. Basis Point Share (BPS) Analysis By Country
- 11.1.2. Y-o-Y Growth Projection By Country
11.2. Market Size (US$ MN) and Volume (Tonnes) Forecast By Country
- 11.2.1. Brazil
- 11.2.2. Mexico
- 11.2.3. Rest of Latin America
11.3. Market Size (US$ MN) and Volume (Tonnes) Forecast By Application
- 11.3.1. Production of Chemical Compounds
  - 11.3.1.1. Carboxymethylcellulose
  - 11.3.1.2. Thioglycolic Acid
  - 11.3.1.3. Technical Grade Glycine
  - 11.3.1.4. Others (Cyanoacetic Acid, Glycolic Acid, Betaine)
- 11.3.2. Drugs
  - 11.3.2.1. USP Grade Glycine
  - 11.3.2.2. Caffeine
  - 11.3.2.3. Vitamins
  - 11.3.2.4. Others (Vitamins)
- 11.3.3. Herbicides and Insecticides
  - 11.3.3.1. Technical Grade (Glyphosate)
  - 11.3.3.2. 2,4-D (2,4-dichlorophenoxyacetic acid)
  - 11.3.3.3. 2,4,5-T (2,4,5-trichlorophenoxyacetic acid)
  - 11.3.3.4. Others (MCPA (2-methyl-4-chlorophenoxyacetic acid, Dimethoate)
- 11.3.4. Others (Indigo Dyeing Agent, Amphoteric Surfactants)
11.4. Market Size (US$ MN) and Volume (Tonnes) Forecast By End Use
- 11.4.1. Pharmaceuticals
- 11.4.2. Chemicals
  - 11.4.2.1. Agrochemicals
  - 11.4.2.2. Specialty Chemicals
  - 11.4.2.3. Others (Dyes, Detergents, Polymers, Pulp & Paper)
- 11.4.3. Food & Beverages
- 11.4.4. Others (Oil & Gas, Personal Care)
11.5. Market Attractiveness Analysis
- 11.5.1. By Country
- 11.5.2. By Application
- 11.5.3. By End Use
11.6. Prominent Trends
11.7. Drivers and Restraints: Impact Analysis

12. Europe Monochloroacetic Acid (MCAA) Market Analysis

12.1. Introduction
- 12.1.1. Basis Point Share (BPS) Analysis By Country
- 12.1.2. Y-o-Y Growth Projection By Country
12.2. Market Size (US$ MN) and Volume (Tonnes) Forecast By Country
- 12.2.1. Germany
- 12.2.2. Italy
- 12.2.3. France
- 12.2.4. U.K.
- 12.2.5. Spain
- 12.2.6. Russia
- 12.2.7. Rest of Europe
12.3. Market Size (US$ MN) and Volume (Tonnes) Forecast By Application
- 12.3.1. Production of Chemical Compounds
  - 12.3.1.1. Carboxymethylcellulose
  - 12.3.1.2. Thioglycolic Acid
  - 12.3.1.3. Technical Grade Glycine
  - 12.3.1.4. Others (Cyanoacetic Acid, Glycolic Acid, Betaine)
- 12.3.2. Drugs
  - 12.3.2.1. USP Grade Glycine
  - 12.3.2.2. Caffeine
  - 12.3.2.3. Vitamins
  - 12.3.2.4. Others (Vitamins)
- 12.3.3. Herbicides and Insecticides
  - 12.3.3.1. Technical Grade (Glyphosate)
  - 12.3.3.2. 2,4-D (2,4-dichlorophenoxyacetic acid)
  - 12.3.3.3. 2,4,5-T (2,4,5-trichlorophenoxyacetic acid)
  - 12.3.3.4. Others (MCPA (2-methyl-4-chlorophenoxyacetic acid, Dimethoate)
- 12.3.4. Others (Indigo Dyeing Agent, Amphoteric Surfactants)
12.4. Market Size (US$ MN) and Volume (Tonnes) Forecast By End Use
- 12.4.1. Pharmaceuticals
- 12.4.2. Chemicals
  - 12.4.2.1. Agrochemicals
  - 12.4.2.2. Specialty Chemicals
  - 12.4.2.3. Others (Dyes, Detergents, Polymers, Pulp & Paper)
- 12.4.3. Food & Beverages
- 12.4.4. Others (Oil & Gas, Personal Care)
12.5. Market Attractiveness Analysis
- 12.5.1. By Country
- 12.5.2. By Application
- 12.5.3. By End Use
12.6. Prominent Trends
12.7. Drivers and Restraints: Impact Analysis

13. Asia Pacific Monochloroacetic Acid (MCAA) Market Analysis

13.1. Introduction
- 13.1.1. Basis Point Share (BPS) Analysis By Country
- 13.1.2. Y-o-Y Growth Projection By Country
13.2. Market Size (US$ MN) and Volume (Tonnes) Forecast By Country
- 13.2.1. China
- 13.2.2. India
- 13.2.3. ASEAN
- 13.2.4. Japan
- 13.2.5. Rest of APAC
13.3. Market Size (US$ MN) and Volume (Tonnes) Forecast By Application
- 13.3.1. Production of Chemical Compounds
  - 13.3.1.1. Carboxymethylcellulose
  - 13.3.1.2. Thioglycolic Acid
  - 13.3.1.3. Technical Grade Glycine
  - 13.3.1.4. Others(Cyanoacetic Acid, Glycolic Acid, Betaine)
- 13.3.2. Drugs
  - 13.3.2.1. USP Grade Glycine
  - 13.3.2.2. Caffeine
  - 13.3.2.3. Vitamins
  - 13.3.2.4. Others (Vitamins)
- 13.3.3. Herbicides and Insecticides
  - 13.3.3.1. Technical Grade (Glyphosate)
  - 13.3.3.2. 2,4-D (2,4-dichlorophenoxyacetic acid)
  - 13.3.3.3. 2,4,5-T (2,4,5-trichlorophenoxyacetic acid)
  - 13.3.3.4. Others (MCPA (2-methyl-4-chlorophenoxyacetic acid, Dimethoate)
- 13.3.4. Others (Indigo Dyeing Agent, Amphoteric Surfactants)
13.4. Market Size (US$ MN) and Volume (Tonnes) Forecast By End Use
- 13.4.1. Pharmaceuticals
- 13.4.2. Chemicals
  - 13.4.2.1. Agrochemicals
  - 13.4.2.2. Specialty Chemicals
  - 13.4.2.3. Others (Dyes, Detergents, Polymers, Pulp & Paper)
- 13.4.3. Food & Beverages
- 13.4.4. Others (Oil & Gas, Personal Care)
13.5. Market Attractiveness Analysis
- 13.5.1. By Country
- 13.5.2. By Application
- 13.5.3. By End Use
13.6. Prominent Trends
13.7. Drivers and Restraints: Impact Analysis

14. Middle East & Africa (MEA) Monochloroacetic Acid (MCAA) Market Analysis

14.1. Introduction
- 14.1.1. Basis Point Share (BPS) Analysis By Country
- 14.1.2. Y-o-Y Growth Projection By Country
14.2. Market Size (US$ MN) and Volume (Tonnes) Forecast By Country
- 14.2.1. GCC Countries
- 14.2.2. North Africa
- 14.2.3. South Africa
- 14.2.4. Rest of MEA
14.3. Market Size (US$ MN) and Volume (Tonnes) Forecast By Application
- 14.3.1. Production of Chemical Compounds
  - 14.3.1.1. Carboxymethylcellulose
  - 14.3.1.2. Thioglycolic Acid
  - 14.3.1.3. Technical Grade Glycine
  - 14.3.1.4. Others (Cyanoacetic Acid, Glycolic Acid, Betaine)
- 14.3.2. Drugs
  - 14.3.2.1. USP Grade Glycine
  - 14.3.2.2. Caffeine
  - 14.3.2.3. Vitamins
  - 14.3.2.4. Others (Vitamins)
- 14.3.3. Herbicides and Insecticides
  - 14.3.3.1. Technical Grade (Glyphosate)
  - 14.3.3.2. 2,4-D (2,4-dichlorophenoxyacetic acid)
  - 14.3.3.3. 2,4,5-T (2,4,5-trichlorophenoxyacetic acid)
  - 14.3.3.4. Others (MCPA (2-methyl-4-chlorophenoxyacetic acid, Dimethoate)
- 14.3.4. Others (Indigo Dyeing Agent, Amphoteric Surfactants)
14.4. Market Size (US$ MN) and Volume (Tonnes) Forecast By End Use
- 14.4.1. Pharmaceuticals
- 14.4.2. Chemicals
  - 14.4.2.1. Agrochemicals
  - 14.4.2.2. Specialty Chemicals
  - 14.4.2.3. Others (Dyes, Detergents, Polymers, Pulp & Paper)
- 14.4.3. Food & Beverages
- 14.4.4. Others (Oil & Gas, Personal Care)
14.5. Market Attractiveness Analysis
- 14.5.1. By Country
- 14.5.2. By Application
- 14.5.3. By End Use
14.6. Prominent Trends
14.7. Drivers and Restraints: Impact Analysis

15. Competition Landscape

15.1. Competition Dashboard
15.2. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 15.2.1. AkzoNobel N.V.
  - 15.2.1.1. Overview
  - 15.2.1.2. Financials
  - 15.2.1.3. Strategy
  - 15.2.1.4. Recent Developments
- 15.2.2. CABB Group
  - 15.2.2.1. Overview
  - 15.2.2.2. Financials
  - 15.2.2.3. Strategy
  - 15.2.2.4. Recent Developments
- 15.2.3. Nufarm Limited
  - 15.2.3.1. Overview
  - 15.2.3.2. Financials
  - 15.2.3.3. Strategy
  - 15.2.3.4. Recent Developments
- 15.2.4. Niacet Corporation
  - 15.2.4.1. Overview
  - 15.2.4.2. Financials
  - 15.2.4.3. Strategy
  - 15.2.4.4. Recent Developments
- 15.2.5. Jubilant Life Sciences Limited
  - 15.2.5.1. Overview
  - 15.2.5.2. Financials
  - 15.2.5.3. Strategy
  - 15.2.5.4. Recent Developments
- 15.2.6. Shandong Minji Chemical Co.,Ltd.
  - 15.2.6.1. Overview
  - 15.2.6.2. Financials
  - 15.2.6.3. Strategy
  - 15.2.6.4. Recent Developments
- 15.2.7. Archit Organosys Limited
  - 15.2.7.1. Overview
  - 15.2.7.2. Financials
  - 15.2.7.3. Strategy
  - 15.2.7.4. Recent Developments
- 15.2.8. IOL Chemicals & Pharmaceuticals Limited
  - 15.2.8.1. Overview
  - 15.2.8.2. Financials
  - 15.2.8.3. Strategy
  - 15.2.8.4. Recent Developments
- 15.2.9. Meridian Chem Bond Pvt. Ltd.
  - 15.2.9.1. Overview
  - 15.2.9.2. Financials
  - 15.2.9.3. Strategy
  - 15.2.9.4. Recent Developments
- 15.2.10. S.R.Drugs and Intermediates Pvt. Ltd.
  - 15.2.10.1. Overview
  - 15.2.10.2. Financials
  - 15.2.10.3. Strategy
  - 15.2.10.4. Recent Developments
15.3. Global Monochloroacetic Acid (MCAA) Market -Case Studies
- 15.3.1. Nufarm Limited
- 15.3.2. PCC Rokita SA