Monochloroacetic acid (MCA) is a colorless, crystalline organic compound with the chemical formula CH2ClCOOH. It is a chlorinated derivative of acetic acid and is commonly used as a precursor in the production of various chemicals including carboxymethyl cellulose (CMC), herbicides, and surfactants. MCA is primarily utilized in the manufacturing of CMC, which finds applications in industries such as food processing, pharmaceuticals, cosmetics, and detergents. Additionally, MCA is employed in the production of glyphosate-based herbicides and other specialty chemicals.
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The monochloroacetic acid (MCA) market was projected to reach USD 908.9 million by 2022, at a CAGR of 3.6%. Asia Pacific is expected to be the largest market for MCA and is also projected to witness the highest growth during the forecast period. The growth of the market in this region can be attributed to the rising population, growing urbanization, increasing demand from the building & construction industry, growing disposable income, and changing lifestyles in emerging countries of the region. These factors are expected to attract multinational companies to invest more in Asia Pacific countries like India and China.
Monochloroacetic Acid Manufacturers:
Some of the key players in the MCA market include AkzoNobel (Netherlands), CABB (Germany), Daicel Corporation (Japan), PCC SE (Germany), Niacet Corporation (US), Shandong Minji Chemical (China), Denak Co. (Japan), Kaifeng Dongda Chemical Company (China), and Meridian Chem-Bond (India) and others.
The MCA market is expected to witness high growth in emerging economies, such as China, India, and Indonesia. Factors such as increasing disposable income and changing lifestyles of the middle-class population in these countries are expected to fuel the demand for personal care products, textiles, detergents, crop protection chemicals, and medicines. The growth of these industries propels the consumption of carboxymethylcellulose (CMC), which consequently drives the demand for MCA in the aforementioned economies. Additionally, the growth of the building & construction industry drives the consumption of CMC and thioglycolic acid (TGA), which, in turn, drives the demand for MCA in the Asia Pacific region.
Based on product form, the liquid segment is projected to register the highest growth rate. The high growth in the use of liquid MCA is due to its easy miscibility as an intermediate, and efficient operation. Increased R&D activities to develop new and innovative products for use across a wide range of application areas are expected to boost the growth of the MCA market during the forecast period.
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The surfactants segment is projected to be the fastest-growing application during forecast period. Surfactant-based face wash, gel, and hair cream, among other personal care products, are replacing conventional products, owing to their cleansing ability, ease of usage, and customization. The increasing use of MCA in the manufacturing of amphoteric surfactants, such as betaines and imidazolines, is expected to boost the surfactant market during the forecast period. Increasing adoption of surfactants in the cosmetic industry in developing countries, such as India, China, Indonesia, and Brazil, is expected to drive the demand for MCA in this application. Increasing disposable income and changing lifestyles of consumers are key growth drivers for the surfactants market in emerging countries.
Browse 78 tables and 29 figures spread through 105 pages and in-depth TOC on "Monochloroacetic Acid Market by Product Form (Crystalline, Liquid, And Flakes), Application (CMC, Agrochemicals, Surfactants, TGA), and Region (North America, APAC, Europe, Middle East & Africa, and South America) - Global Forecast to 2022"
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