Monochloroacetic Acid Market Size to cross $1200 million by 2024
May 20, 2019
North America Monochloroacetic Acid Market will witness an increase by a CAGR of 2.5% owing to development of pharmaceutical industry in the region.
Selbyville, Delaware, USA - May 20, 2019 /MarketersMedia/ —
The size of monochloroacetic acid market is predicted to register more than 4% growth rate to exceed a valuation of USD 1200 million by 2024; according to this new research report. Rapidly growing application in end-user industries such as pharmaceutical, paper, textiles, personal care, food & beverages and oil & gas is fueling the market growth. Growth in textile and food industry owing to shift in consumer fashion trend and consumption pattern towards packaged food products respectively is boosting the monochloroacetic acid market in the forecast timespan.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1920
Ethanol and ascetic acid are major component for producing monochloroacetic acid, these components are derived from crude oil. Fluctuation in crude oil prices owing to lower demand and greater supply of oil will adversely affect the manufacturing prices of the Monochloroacetic acid. This factor may pose as a challenge for the growing monochloroacetic acid market in forecast period.
Among the two processes, chlorination process holds significant share of the monochloroacetic acid market. This includes adding up of chlorine in the process for killing particular bacteria and other microbes. Prominent companies use the chlorination process for manufacturing their product.
The monochloroacetic acid market products are in a form of dry powder, liquid and pellets. The products have various application in the end-user industry such as personal care, oil & drilling, textiles, pharmaceutical and textiles.
The major application for this market is surfactants, cellulosics, agrochemical and thioglycolic acid (TGA). There is a substantial demand for cellulosics in the market which will promote growth at the rate of 4.5% over the forecast period. The market will be dominated by surfactants segment owing to increasing application in personal care and household products. Moreover, surfactants segment is projected to cross USD 175 million by 2024.
Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1920
Asia Pacific region is likely to hold 60% share of the global monochloroacetic acid market by 2024. This region is dominated by China, Indonesia, India and Vietnam which support’s various application of the product in the end-user industry such as pharmaceutical, textile and personal care industries. Further, North America market will witness an increase by CAGR of 2.5% owing to development of pharmaceutical industry.
The leading companies in monochloroacetic acid market are S.R. Drugs, Denak, CABB GmbH, Swati Chemical, AkzoNobel, Niacet, PCC SE, Xuchang Dongfang, Shiv Chem, Shandong Minji, JUBILANT, Daicel, Abhishek Impex, Merck KGaA, Alfa Aesar, , Anugrah and Dow Chemical.
Browse key industry insights spread across 140 pages with 195 market data tables & 11 figures & charts from the report, “Monochloroacetic Acid Market Size By Process (Chlorination, Hydrolysis), By Product (Dry Powder, Liquid, Pellets), By Application (Cellulosics, Agrochemicals, Surfactants, Thioglycolic Acid), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/monochloroacetic-acid-MCAA-market
Table of Contents (ToC) of the report:
Chapter 6. Monochloroacetic Acid Market, By Application
6.1. Global market share by application, 2016 & 2024
6.2. Cellulosics
6.2.1. Market estimates and forecasts, 2013 - 2024
6.2.2. Market estimates and forecasts by region, 2013 – 2024
6.3. Agrochemicals
6.3.1. Market estimates and forecasts, 2013 - 2024
6.3.2. Market estimates and forecasts by region, 2013 – 2024
6.4. Surfactants
6.4.1. Market estimates and forecasts, 2013 - 2024
6.4.2. Market estimates and forecasts by region, 2013 – 2024
6.5. Thioglycolic Acid
6.5.1. Market estimates and forecasts, 2013 - 2024
6.5.2. Market estimates and forecasts by region, 2013 – 2024
6.6. Others (cyanoacetic acid, phenoxyacetic acid, etc.)
6.6.1. Market estimates and forecasts, 2013 - 2024
6.6.2. Market estimates and forecasts by region, 2013 – 2024
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/monochloroacetic-acid-MCAA-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Info:
Name: Arun Hegde
Organization: Global Market Insights, Inc.
Address: 4 North Main Street Selbyville, Delaware 19975 USA
Phone: 1-888-689-0688
Website: https://www.gminsights.com/pressrelease/monochloroacetic-acid-MCAA-market
Source URL: https://marketersmedia.com/monochloroacetic-acid-market-size-to-cross-1200-million-by-2024/514182
Source: MarketersMedia
Release ID: 514182
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.
