Global and United States Monochloroacetic Acid (MCAA) Market: By form (Crystalline, Liquid and Flakes); By application (Carboxymethylcellulose (CMC), Agrochemicals, Surfactants, Thioglycolic Acid (TGA) and others) and Region -Analysis of Market Size, Share and Trends for 2014 - 2019 and Forecasts to 2030
MCAA, also known as chloroacetic acid, is a bi-functional acid-structured by molecules. It is commonly used as a chemical intermediate for the manufacture of various chemicals, including glycine, CMC, TGA, and cyanoacetic acid, which are of industrial and commercial significance. It is also used for producing betaine-type surfactants, synthetic caffeine, and vitamins, as well as for producing 2, 4-D, and methanoates for herbicide use. During the production of acetic anhydride as a catalyst, MCAA is produced commercially through the chlorination of acetic acid.
Global and United States Monochloroacetic Acid Market size was registered at USD XX billion in 2019 and is estimated to reach USD XX billion by 2030, registering a CAGR of XX% from 2020 to 2030. The monochloroacetic acid market is driven primarily by the growing demand for carboxymethylcellulose, thioglycolic acid, and glycine synthesis. High amounts of monochloroacetic acid are consumed for CMC processing, also called cellulose gel. This acid is used by the textile industry as an intermediate to fuse indigo dyes. For the manufacture of different hair products, betaine amphoteric surfactant, which is a by-product of monochloroacetic acid is used. For manufacturing PVC resins, the plastic industry uses monochloroacetic acid. This acid, which includes carboxymethyl cellulose in bulk, is used in drilling applications in the oil & gas industry. Such a broad application range is expected to drive the overall demand for monochloroacetic acid.
Source: Fatpos Global
By form, the market can be segmented into Crystalline, Liquid, and Flakes. The largest market share in terms of volume was accounted for by the crystalline product form. The high size of the market is due to a crystalline form's low cost, and fast production process. Owing to its simple miscibility as an intermediate and efficient process, demand for liquid product form is growing globally.
Application segment can be classified into Carboxymethylcellulose (CMC), Agrochemicals, Surfactants, Thioglycolic Acid (TGA), and others. Due to its usage in detergents, wetting agents, emulsifiers, foaming agents, and dispersants, which are used in many personal care products, surfactants are the most rapidly growing application of MCA. Rising disposable income and improving customer living standards in emerging economies play a pivotal role in the growth of the personal care industry, which, in turn, drives surfactant demand.
Monochloroacetic acid is a basic raw material for the manufacture of various herbicides and insecticides. Chlorpyrifos and triclopyr insecticides, which are both derived from MCAA, are commonly used. The MCAA route to system development, however, generates a considerable amount of hazardous waste. Also, the manufacturing facilities served by the MCAA route face difficulties due to the corrosive nature of the MCAA, such as high operational and maintenance costs. The development of a system by the MCAA route is, therefore, a major challenge for the producers operating on the global market for monochloroacetic acid.
U.S is the largest market in terms of value. The growth of the market is mainly due to population growth and growing demand for MCA in the formulation of CMC, agrochemicals, and surfactants used in industries such as construction and agriculture. The growth of the market in this area is also due to higher prospects for growth in personal care applications.
The region segment can be further divided into five major types including North United States, South United States, East United States, and West United States.
Source: Fatpos Global
Some factors that improve the role in the market of the key players within the Global and United States Monochloroacetic Acid Market have been the latest manufacturing and processing technologies in the field. By releasing new updated versions and acquiring other information development companies and the vendors in this market are concentrated on the innovation of their technology.
Select License Type
US : +1 (716) 218-3733
UK : +44 (208) 1235555
Select License Type
FATPOS CLIENT Appriciation DURING THE PROJECT