Global Monochloroacetic Acid Market 2021 Industry Trends, Future Demands, Growth Factors, Emerging Technologies
Monochloroacetic acid (MCAA) is a specialty organochlorine compound, otherwise called chloroacetic acid. It is a structure block in natural union, and is subsequently utilized in the development of different synthetic mixtures, drugs, and agrochemicals.
Critical measure of MCAA is consumed for the creation of carboxymethylcellulose (CMC), thioglycolic corrosive, USP grade glycine, and specialized grade glycine, which is a significant antecedent to the development of glyphosate. These positive variables look good for the development of the monochloroacetic acid market size throughout the next few years.
Monochloroacetic acid is changed over to sodium chloroacetate and afterward responded with salt cellulose to deliver carboxy methyl cellulose (CMC). Sodium chloroacetate which is a result of monochloroacetic acid is utilized in herbicides. Developing herbicides request is relied upon to benefit the worldwide monochloroacetic acid market development. Other chemicals, which requires this acid in their manufacturing include mercapto acetic acid, carcosines, glycolic acid, chloro acetamides, substituted guar-gums, chloroacetic acid esters, coumarin, phenoxy acetic acid, barbituric acid, cyano acetic acid, ethylene diamine etetra acetic acid, malonic acid, amino acetic acids, malono nitrite.
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ChemIntel360’s global Monochloroacetic Acid market study is a 180+ slide report containing in depth analysis on historical and forecasted spending and consumption patterns in the sector. We offer granular value and volume data from a global, regional, applications, and end-use industry perspective. Despite the adverse effects of the COVID-19 pandemic, the industry is expected to rebound strongly and grow at a CAGR of 4.2% over 2021-2026. The main factors driving growth is the chemical’s extensive use in agrochemicals, the demand for which has witnessed robust growth in recent years.
Scope
This study contains global and regional market size data - value and volume. The numbers are broken down by application (Food & Beverage, Agrochemicals, Surfactants, Thioglycolic Acid and Others) and by product type (Dry Powder, Liquid, Pellets, and Others). The historical period runs through 2015-2020 and the forecasted period from 2021-2026.
Market Overview
The global Monochloroacetic Acid market, which grew from US$X.X million in 2015 to US$X.X million in 2019, dropped marginally to US$792.4 million in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.X million and increase to US$X.X million in 2026 at a CAGR of 4.2%. Cumulatively the market is expected to value US$X.X million during the forecast period as compared to US$X.X million during the historical period.
Regional Outlook of Monochloroacetic Acid Market
The global monochloroacetic acid market is segmented into the five key regions of North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa (MEA)
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Key Players
The “Global Monochloroacetic Acid Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are AkzoNobel, CABB, Daicel, Shandong Minji Chemical, PCC, ArchitOrganosys, Denak, Kaifeng Dongda Chemical Company, Meridian Chem-Bond, and Niacet.
Regional Outlook of Monochloroacetic Acid Market
The global monochloroacetic acid market is segmented into the five key regions of North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa (MEA)
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