Monochloroacetic acid market: High demand from the agrochemical industries in the Asia Pacific region is expected to witness a considerable growth during the forecast period 2021-2030

Monochloroacetic Acid Market Highlights

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, 2021-2030. 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.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).

Segmentation

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.

Get Info About This Report: monochloroacetic acid market share