Monochloroacetic Acid Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Monochloroacetic Acid Market is segmented by Chemical Application (Glycine, Carboxymethylcellulose (CMC), Surfactants, 4,2,4- Dichloro Phenoxy Acetic Acid, Thioglycolic Acid, and Other Chemical Applications), End-user Industry (Personal Care and Pharmaceuticals, Agrochemicals, Geological Drillings, Dyes and Detergents, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for monochloroacetic acid in revenue (USD million) for all the above segments.

Monochloroacetic Acid (MCAA) Market Size

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Monochloroacetic Acid Market Summary
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Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 5.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Monochloroacetic Acid Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Monochloroacetic Acid (MCAA) Market Analysis

The global monochloroacetic acid market is projected to register a CAGR of over 5% during the forecast period.

COVID-19 negatively impacted the agrochemicals market thus declining the market studied. Labor shortages, transportation issues, and liquidity shortages as a result of the lockdown caused by the COVID-19 pandemic affected the supply chain of the agriculture market. However, government packages for the agriculture post-COVID and pharmaceutical industry are boosting the agriculture industry.

  • Over the short term, the growing consumption from the Pharmaceutical Industry, and the growing production of agrochemicals in the country are the major factor driving the growth of the market studied.
  • However, the decline in detergent consumption is a key factor anticipated to restrain the growth of the target industry over the forecast period.
  • Nevertheless, the rising usage of cyanoacetic acid is likely to create lucrative growth opportunities for the global market soon.
  • Asia-Pacific dominated the market across the world, with the largest consumption coming from China and India.

Monochloroacetic Acid (MCAA) Market Trends

This section covers the major market trends shaping the Monochloroacetic Acid Market according to our research experts:

Increasing Demand from Personal Care and Pharmaceuticals Industries

  • Monochloroacetic acid (MCA) plays an important part in the personal care and cosmetic industry, as it is used in the manufacturing of betaines, i.e., amphoteric surfactants. Owing to the foaming properties of betaines, it is used in hair shampoos.
  • Thioglycolic acid (TGA or mercaptoacetic acid) is used in permanent hair styling formulations and is also manufactured using MCA. Thioglycolic acid and its derivatives are used in the production of hair care products, such as shampoos, conditioners, and hair masks.
  • According to INEGI, the total number of shampoos, conditioners, and hair rinses produced in Mexico reached 571.62 million units in 2021 and registered a growth rate of 5.4 % when compared to 542.22 million units in 2020.
  • As per INEGI's survey, the monthly sales volume of shampoo and conditioner produced in Mexico was valued at 45.9 million units in December 2021 and registered growth when compared to 45.46 million units in November 2021.
  • Additionally, rising disposable income, raising awareness of beauty products, changes in consumption patterns, the impact of globalization on lifestyles, and changing retail landscape in developing countries, such as India, Thailand, and Vietnam, are likely to boost the demand for personal care products in the coming years. This, in turn, is expected to increase the demand for MCA from the personal care sector.
  • According to The Internatinal Trade Administartion, and U.S. Department of Commerce, in 2021, the cosmetics market in Canada generated approximately USD 1.24 billion of revenue. Industry revenue is expected to grow by 1.45% annually to reach USD 1.8 billion by 2024.The recovery of the beauty and personal care industry in Canada represents a great opportunity for U.S. exporters of cosmetic products.
  • MCA is also required in the pharmaceuticals sector for the production of ibuprofen/brufen, diclofenac sodium, caffeine, vitamins (e.g. vitamin B), glycine, N-(P-hydroxyphenyl)-glycine (METOL), and maleates.
  • India is the third-largest pharmaceutical market, in terms of volume, and thirteenth most significant, in terms of value, as it has a large raw material base and availability of a skilled workforce.
  • According to the India Brand Equity Foundation, Indian pharmaceutical sector is expected to grow to USD 100 billion by 2025. 
  • Hence, considering the aforementioned factors, with the increasing demand for personal care products, the demand for monochloroacetic acid is likely to rise, during the forecast period.
Monochloroacetic Acid Market - Number of Shampoos, Conditioners, and Hair Rinses Produced, In million units, Mexico, 2018-2021

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region dominated the global market share, owing to increasing demand from various end-user industries such as personal care and pharmaceuticals, agrochemicals, and others.
  • The demand for Monochloroacetic Acid (MCA) has witnessed an increase in the past few years in China and India, majorly because of the increasing demand from the personal care and pharmaceutical sectors.
  • According to the National Bureau of Statistics of China, the retail trade revenue of cosmetics was valued at CNY 30.89 billion (USD 4.42 billion) in December 2021.
  • The increasing concerns for hygiene and cleanliness have led to the growth in demand for personal care products, detergents, and washing soaps. This is likely to boost the demand for MCA, owing to its requirement in the production of these personal care products.
  • According to the Ministry of Economy Trade, and Industry (METI), the sales value of hair shampoo in Japan was valued at CNY 73.82 billion (USD 10.56 billion) in 2021.
  • The personal care and pharmaceutical industries are raising in Asia-Pacific as the demand and consumption increase with the increasing population from China and India.
  • As per IBEF, India's domestic pharmaceutical business was worth USD 42 billion in 2021 and is expected to grow to USD 65 billion by 2024 and USD 120-130 billion by 2030. The Indian pharmaceutical market expanded by 13.9% in terms of overall sales in January 2022.
  • Therefore, considering the aforementioned factors, the demand for monochloroacetic acid is expected to witness a rapid increase in Asia-Pacific, during the forecast period.
Monochloroacetic Acid Market - Growth Rate by Region, 2022-2027

Monochloroacetic Acid (MCAA) Industry Overview

The monochloroacetic acid market is partially fragmented in nature. The major players include Nouryon, Merck KGaA, Alfa Aesar, PCC Group, and TerraTech Chemicals (I) Pvt. Ltd., amongst others (not in a particular order).

Monochloroacetic Acid (MCAA) Market Leaders

  1. Nouryon

  2. Merck KGaA

  3. Alfa Aesar, Thermo Fisher Scientific

  4. PCC Group

  5. TerraTech Chemicals (I) Pvt. Ltd.

*Disclaimer: Major Players sorted in no particular order

Monochloroacetic Acid Market Concentration
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Monochloroacetic Acid (MCAA) Market News

  • September 2021: The Board of Directors of Archit Organosys approved the proposal to increase the production capacity by 12,000 tpa at the existing Bhavnagar plant in Gujarat. The project will entail an investment of Rs five crore which will be financed through internal accruals. There is an increase in demand for Monochloro Acetic Acid (MCA) both at the domestic and export level, as witnessed by the company.
  • April 2021: Atul Limited and specialty chemicals company Nouryon successfully started production at Heaven, a new joint venture in Gujarat, India, meeting the rapidly growing demand in Indian agricultural, personal care, and pharmaceutical markets. The company produces monochloroacetic acid (MCA) through its production site, with a current capacity of 32,000 tons of MCA per year.

Monochloroacetic Acid (MCAA) Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing consumption from the pharmaceutical Industry

      2. 4.1.2 Growing production of agrochemical in the country

    2. 4.2 Restraints

      1. 4.2.1 Decline in detergent consumption

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter Five Forces

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION (Market Size in Value)

    1. 5.1 Chemical Application

      1. 5.1.1 Glycine

      2. 5.1.2 Carboxymethylcellulose (CMC)

      3. 5.1.3 Surfactants

      4. 5.1.4 2,4-Dichloro Phenoxy Acetic Acid

      5. 5.1.5 Thioglycol Acid

      6. 5.1.6 Other Applications

    2. 5.2 End-user Industry

      1. 5.2.1 Personal Care and Pharmaceuticals

      2. 5.2.2 Agrochemicals

      3. 5.2.3 Geological Drillings

      4. 5.2.4 Dyes and Detergents

      5. 5.2.5 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Alfa Aesar, Thermo Fisher Scientific

      2. 6.4.2 Archit Organosys

      3. 6.4.3 Denak Co., Ltd

      4. 6.4.4 Henan HDF Chemical Company,Ltd.

      5. 6.4.5 ITALMAR (THAILAND) CO., LTD

      6. 6.4.6 Jiangxi Biochem Co., Ltd

      7. 6.4.7 Mahalaxmi Industries

      8. 6.4.8 Merck KGaA

      9. 6.4.9 Meridian Chem Bond Pvt. Ltd.

      10. 6.4.10 Nouryon

      11. 6.4.11 PCC Group

      12. 6.4.12 Shandong Minji New Material Technology Co., Ltd.

      13. 6.4.13 TerraTech

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Rising Usage of Cyanoacetic Acid

    2. 7.2 Other Opportunities

**Subject to Availability
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Monochloroacetic Acid (MCAA) Industry Segmentation

Monochloroacetic acid (MCA) is a crystalline acid obtained by direct chlorination of acetic acid and is used in organic synthesis. The monochloroacetic acid market is segmented by chemical application, end-user industry, and geography. By chemical application, the market is segmented into glycine, Carboxymethylcellulose (CMC), surfactants, 2,4-dichloro phenoxy acetic acid, thioglycol acid, and other applications. By end-user industry, the market is segmented into personal care and pharmaceuticals, agrochemicals, geological drillings, dyes and detergents, and other end-user industries. The report also covers the market size and forecasts for the monochloroacetic acid market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD Million).

Chemical Application
Glycine
Carboxymethylcellulose (CMC)
Surfactants
2,4-Dichloro Phenoxy Acetic Acid
Thioglycol Acid
Other Applications
End-user Industry
Personal Care and Pharmaceuticals
Agrochemicals
Geological Drillings
Dyes and Detergents
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Monochloroacetic Acid (MCAA) Market Research FAQs

The Monochloroacetic Acid Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

Nouryon, Merck KGaA, Alfa Aesar, Thermo Fisher Scientific, PCC Group and TerraTech Chemicals (I) Pvt. Ltd. are the major companies operating in the Monochloroacetic Acid Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Monochloroacetic Acid Market.

The report covers the Monochloroacetic Acid Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Monochloroacetic Acid Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Monochloroacetic Acid Industry Report

Statistics for the 2024 Monochloroacetic Acid market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Monochloroacetic Acid analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Monochloroacetic Acid Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)