Global and United States Monochloroacetic Acid (MCAA) Market Size
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.
Market Highlights
Global and United States Monochloroacetic Acid Market size was registered at USD 0.85 billion in 2019 and is estimated to reach USD 1.23 billion by 2030, registering a CAGR of 3.4% 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.
Global and United States Monochloroacetic Acid Market Opportunity Analysis
Source: Fatpos Global
Global and United States Monochloroacetic Acid Market: Segments
Global and United States Monochloroacetic Acid Market is segmented based on form, application, and region.
By Form (in %), Global and United States Monochloroacetic Acid Market, 2019
The crystalline segment is anticipated to register XX% of the market share during the forecasted period.
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.
By Application (in %), Global and United States Monochloroacetic Acid Market, 2019
The surfactants segment accounted for XX% of the nation’s volume in 2019
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.
Global and United States Monochloroacetic Acid Market Dynamics:
Growing demand for acid and rising population to increase the market growth
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. CMC is used for applications such as powdered drinks, alcoholic and non-alcoholic beverages. Monochloroacetic acids are a highly potent keratolytic and caustic topical agent used in the treatment of skin lesions, veruccae, and atherosclerosis in various medicines. It is anticipated that growing cases of population aging in countries such as the U.S. would contribute to the growth of the medical industry and thus support the overall growth of the demand for monochloroacetic acid. In various chemical industries, this acid is also used. In the new and changing fashion context, the rising population resulted in increased demand for clothing and the textile industry. This is expected to have a positive effect on the monochloroacetic acid market. 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.
Nature of MCAAA and hazardous waste generated by it to hinder the market growth in United States
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.
Global and United States Monochloroacetic Acid Market: Regions
In terms of value and volume, United States accounted for XX% of total market volume share in 2019
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
Global and United States Monochloroacetic Acid Market is further segmented by region into:
- North United States Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR
- South United States Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR
- East United States Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR
- West United States Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR
Global and United States Monochloroacetic Acid Market: Competitive landscape
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.
Global and United States Monochloroacetic Acid Market: Key players
- CABB
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- AkzoNobel
- Daicel
- Denak
- Dow
- PCC
- Niacet
- Xuchang Dongfang Chemical
- Shandong Minji Chemical
- Other prominent players
Global and United States Monochloroacetic Acid Market report also contains analysis on:
Global and United States Monochloroacetic Acid Market segments: -
- By Form:
- Crystalline
- Liquid
- Flakes
- By Application
- Carboxymethylcellulose (CMC)
- Agrochemicals
- Surfactants
- Thioglycolic Acid (TGA)
- Others
- Global and United States Monochloroacetic Acid Market dynamics
- Global and United States Monochloroacetic Acid Market size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
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