Monochloroacetic Acid Market - Forecast(2024 - 2030)

Report Code: CMR 0858 Report Format: PDF + Excel
Monochloroacetic Acid Market Overview

Monochloroacetic Acid Market size is forecast to reach $1.02 billion by 2025, after growing at a CAGR of 3.8% during 2020-2025, owning to increasing demand to produce carboxymethyl cellulose, thioglycolic acid, glycine and others. A large amount of monochloroacetic acid is used for the production of CMC, also called as cellulose gel. The use of monochloroacetic acid increases viscosity and stabilizes emulsion. In addition to these characteristics, the use of MCAA in CMC production provides alteration of flow and texture of the product. These attributes promote the use of CMC in the food and beverages industry for applications such as powdered drinks, alcoholic and non-alcoholic beverages, and ice-cream. CMC is also commonly preferred over synthetic and natural glues, which is expected to drive its demand, which in turn is expected to increase MCAA consumption in CMC production. These factors are expected to drive the global monochloroacetic acid market growth.

Report Coverage

The report: “Monochloroacetic Acid Market– Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Monochloroacetic Acid Industry. 
By Product Form: Crystalline, Liquid, Flakes, others.
By Application: Carboxymethylcellulose (CMC), Agrochemicals, Surfactants, Thioglycolic Acid (TGA) and others.
By End Use Industry: Pharmaceutical, Chemical, Food & Beverages, Personal Care, Oil & Gas, and others.
By Geography: North America, South America, Europe, APAC, and RoW.

Key Takeaways

  • Increasing hygiene and cleanliness concerns have led to increased demand for personal care products, detergents, and soap. This is likely to raise MCA demand due to its necessity in the manufacture of such personal care products.
  • Based on product form the crystalline segment held the largest share in 2019, owning to the low cost and easy production process of a crystalline form. The demand for liquid form is increasing globally, owing to its easy miscibility as an intermediate and efficient operation.
  • However, operations in various industries such as chemical and oil & gas is being significantly affected due to the COVID-19 epidemic, as most of countries have issued “stay at home guidance” i.e., lockdown. And it is expected that the outbreak of COVID-19 will be seen in the whole year of 2020, and a few months in 2021. Therefore, this factor is limiting monochloroacetic acid market growth.

Application - Segment Analysis

CMC held the largest share in the monochloroacetic acid market in 2019, owing to its wide usage in various end-use industries such as oil & gas, construction, textile, paints & coatings, food & beverage, and several others. In addition, the surfactants application is expected to grow at a faster rate during the forecast period, owning to its increasing use in detergents, wetting agents, emulsifiers, foaming agents, and dispersants, which are used in several personal care products. The rising disposable income and a better standard of living of consumers in emerging economies is driving the growth of the personal care industry, which, in turn, drives the demand for surfactants. Monochloroacetic acid is easily soluble in water, ethanol, methanol, acetone, benzene, chloroform, dimethylsulfoxide, and dimethylformamide. Thus, extensively used as a chemical intermediate for the production of numerous industrially and commercially important chemicals.

End Use Industry - Segment Analysis

The personal care industry held the largest share in the monochloroacetic acid market in 2019 and is growing at a CAGR of 4.2%, owning to wide usage of MCAA in manufacturing surfactants particularly the mild betaine amphoteric surfactants, and thioglycolic acid and its derivatives, which are extensively used in the production of hair care products, such as shampoos, conditioners, and hair masks. In addition, increasing disposable income, increased awareness of beauty products, changes in consumption habits, the effect of globalization on lifestyles, and changing retail landscape in developing countries, such as India, Thailand, and Vietnam, are likely to fuel demand for personal care products in the coming years. This, in turn, is expected to increase the demand for MCAA from the personal care sector of the region.

Geography - Segment Analysis

Asia Pacific held the largest share in the monochloroacetic acid market in 2019 up to 29%, owning to the growth in population, increasing demand for MCAA in the formulation of CMC, agrochemicals, and surfactants, which are used in the industries such as building & construction, and agriculture. The market growth in this region is also attributed to higher growth prospects in the personal care applications. According to the World Bank, in 2015 East Asia and Pacific regions witnessed approximately two-fifths of the personal care product consumption, which was more than twice the combined contribution by other developing regions. Thus, owning to these factors the monochloroacetic acid demand is high in this region.

Monochloroacetic Acid Market Drivers

Growing Demand for Agrochemicals

Rising technological advancement in the agricultural industry, limited availability of arable land, rising environmental concerns, and advances in plant breeding and management expertise all over the globe, leading to increased use of agrochemicals. According to a finding of Proceedings of the National Academy of Sciences (PNAS) of the United States of America, pests and pathogens cost nearly $40 billion to the plants and forest crop production in the U.S. every year. This statistic is reflective of the need for agricultural chemicals such as insecticides, herbicides, fungicides, and pesticides on a large scale. As monochloroacetic acid is used in production of various agrochemicals such as insecticides, pesticides, herbicides, and fungicides, the growth in demand of for these is thus driving monochloroacetic acid.

Monochloroacetic Acid Market  Challenges

The symtet production by the MCAA

Monochloroacetic acid is a basic raw material used for the production of a variety of herbicides and insecticides. Chlorpyrifos and triclopyr are widely used insecticides which are also derived from MCAA. However, the MCAA route to produce symtet generates significant amount of hazardous waste. In addition, manufacturing facilities that are operated by the MCAA route face challenges such as high operation and maintenance costs that arise due to the corrosive nature of MCAA. Therefore, the symtet production by the MCAA route is a major challenge for producers operating in the global market for monochloroacetic acid.

Market Landscape

  • Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Monochloroacetic Acid Market. In 2019, the market of Monochloroacetic Acid Market has been consolidated by the top five players accounting for xx% of the share. Major players in the Monochloroacetic Acid market are AkzoNobel N.V., CABB GmbH, Daicel Corporation, Denak Co., Ltd, The Dow Chemical Company, PCC SE, Niacet Corporation, Xuchang Dongfang Chemical Co. Ltd., Shandong Minji Chemical Co., Ltd., Shiv Chem Industries, Abhishek Impex, Merck KGaA, Jubilant Life Sciences Ltd., Alfa Aesar, Anugrah In-Org(P) Limited., among others. 
1. Monochloroacetic Acid Market- Market Overview
    1.1 Definitions and Scope
2. Monochloroacetic Acid Market- Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Product Form
    2.3 Key Trends by Application
    2.4 Key Trends by End Use Industry
    2.5 Key Trends by Geography
3. Monochloroacetic Acid Market- Landscape
    3.1 Comparative analysis 
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Monochloroacetic Acid Market - Startup companies Scenario Premium Premium  
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Monochloroacetic Acid Market– Industry Market Entry Scenario Premium Premium  
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6. Monochloroacetic Acid Market- Market Forces
        6.1 Market Drivers
        6.2 Market Constraints
        6.3 Market Opportunities
        6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Monochloroacetic Acid Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors 
8. Monochloroacetic Acid Market– By Product Form (Market Size -$Million / $Billion)
    8.1 Crystalline
    8.2 Liquid
    8.3 Flakes
    8.4 Others
9. Monochloroacetic Acid Market– By Application (Market Size -$Million / $Billion)
    9.1 Carboxymethylcellulose (CMC)
    9.2 Agrochemicals
    9.3 Surfactants
    9.4 Thioglycolic Acid (TGA) 
    9.5 Others
10. Monochloroacetic Acid Market– By End Use Industry (Market Size -$Million / $Billion)
    10.1 Pharmaceutical 
    10.2 Chemical 
    10.3 Food & Beverages 
    10.4 Personal Care 
    10.5 Oil & Gas 
    10.6 Others
11. Monochloroacetic Acid Market - By Geography (Market Size -$Million / $Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Argentina
        11.2.3 Colombia
        11.2.4 Rest of South America
    11.3 Europe
        11.3.1 U.K
        11.3.2 Germany
        11.3.3 Italy
        11.3.4 France
        11.3.5 Spain
        11.3.6 Russia
        11.3.7 Rest of Europe
    11.4 Asia Pacific
        11.4.1 China
        11.4.2 India
        11.4.3 Japan
        11.4.4 Taiwan
        11.4.5 South Korea
        11.4.6 Rest of Asia Pacific
    11.5 ROW
        11.5.1 Middle East
        11.5.2 Africa
12. Monochloroacetic Acid Market- Entropy
    12.1 New Product Launches
    12.2 M&A’s, Collaborations, JVs and Partnerships
13. Market Share Analysis Premium
    13.1 Market Share by Country- Top companies
    13.2 Market Share by Region- Top companies
    13.3 Market Share by type of Product / Product category- Top companies
    13.4 Market Share at global level- Top companies
    13.5 Best Practices for companies
14. Monochloroacetic Acid Market- List of Key Companies by Country Premium  
15. Monochloroacetic Acid Market Company Analysis
    15.1 Market Share, Company Revenue, Products, M&A, Developments
    15.2 Company 1
    15.3 Company 2
    15.4 Company 3
    15.5 Company 4
    15.6 Company 5
    15.7 Company 6
    15.8 Company 7
    15.9 Company 8
    15.10  Company 9
    15.11  Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"