Monochloroacetic Acid Market | Growth, Trends, and Forecast (2020

Monochloroacetic Acid Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Chemical Application (Glycine, Cellulose, Surfactants, 4,2,4- Dichloro Phenoxy Acetic Acid, Thioglycol Acid, Other Chemical Applications) , End-use 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 & Africa).

ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
TABLE OF CONTENTS

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

5 %

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Market Overview

The market for monochloroacetic acid is expected to witness a CAGR of more than 5% during the forecast period. One of the major factors driving the market is the growing demand from the agrochemicals and personal care industry. On the flipside, hazardous effects of monochloroacetic acid are expected to hinder the growth of the market studied.

Personal care and pharmaceuticals industry dominated the market and is expected to grow during the forecast period.
Usage of cyanoacetic acid is likely to act as an opportunity in the future.
Asia-Pacific dominated the market across the world, with the largest consumption coming from China and India.

Scope of the Report

The monochloroacetic acid market report includes:

Application
		Glycine
		Cellulose
		Surfactants
		4,2,4- Dichloro Phenoxy Acetic Acid
		Thioglycol Acid
		Other Applications

End-use Industry
		Personal Care and Pharmaceuticals
		Agrochemicals
		Geological Drillings
		Dyes and Detergents
		Other End-use 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 & Africa
	Saudi Arabia
	South Africa
	Rest of Middle East & Africa

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Key Market Trends

Increasing Demand from Personal Care and Pharmaceuticals Industries

Monochloroacetic acid (MCA) is used to make surfactants, particularly mild betaine amphoteric surfactants. Heating MCA with sodium or potassium hydrogen sulphide produces thioglycolic acid. Thioglycolic acid and its derivatives are used in the production of hair care products, such as shampoos, conditioners, and hair masks.
Additionally, rising disposable income, raising awareness of beauty products, changes in consumption patterns, the impact of globalization on lifestyles, and changing retail landscape in the developing countries, such as India, Thailand, 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 of the region.
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.
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.

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Asia-Pacific Region to Dominate the Market

Asia-Pacific region dominated the global market share.
The demand for Monochloroacetic Acid (MCA) has witnessed an increase in the past few years in China, majorly because of the increasing demand from personal care and pharmaceutical sectors.
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.
Moreover, AkzoNobel is likely to expand the capacity of its 100,000 ton/year MCA plant in Shanghai, after the Indian plant starts commercial operations in 2019.
Therefore, considering the aforementioned factors, the demand for monochloroacetic acid is expected to witness a rapid increase in Asia-Pacific, during the forecast period.

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Competitive Landscape

The monochloroacetic acid market is partially fragmented with no single player accounting for a significant share of the market. Some of these major players include Nouryon, Merck KGaA, Alfa Aesar, Thermo Fisher Scientific, PCC Group, and TerraTech, amongst others.

Major Players

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1. INTRODUCTION
1. 1.1 Study Deliverables
2. 1.2 Study Assumptions
3. 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Drivers
  1. 4.1.1 Increasing Demand From the Agrochemicals and Personal Care Industry
  2. 4.1.2 Other Drivers
2. 4.2 Restraints
  1. 4.2.1 Hazardous Effects of Monochloroacetic Acid
3. 4.3 Industry Value-Chain Analysis
4. 4.4 Porter's Five Forces Analysis
  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. 4.5 Patent Analysis
6. 4.6 Regulatory Policy Analysis
5. MARKET SEGMENTATION
1. 5.1 Application
  1. 5.1.1 Glycine
  2. 5.1.2 Cellulose
  3. 5.1.3 Surfactants
  4. 5.1.4 4,2,4- Dichloro Phenoxy Acetic Acid
  5. 5.1.5 Thioglycol Acid
  6. 5.1.6 Other Applications
2. 5.2 End-use 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-use 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 & Africa
    1. 5.3.5.1 Saudi Arabia
    2. 5.3.5.2 South Africa
    3. 5.3.5.3 Rest of Middle East & Africa
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 Nouryon
  2. 6.4.2 Alfa Aesar, Thermo Fisher Scientific
  3. 6.4.3 Archit Organosys
  4. 6.4.4 Denak Co. Ltd
  5. 6.4.5 Henan HDF Chemical Company, Ltd.
  6. 6.4.6 ITALMAR (THAILAND) CO. LTD
  7. 6.4.7 Klorox Chemicals Co. Limited
  8. 6.4.8 Mahalaxmi Industries
  9. 6.4.9 Merck KGaA
  10. 6.4.10 Meridian Chem Bond Pvt Ltd
  11. 6.4.11 PCC Group
  12. 6.4.12 S.R.Drugs and Intermediates Pvt Ltd
  13. 6.4.13 Shandong Minji Chemical Co. Ltd
  14. 6.4.14 TerraTech
  15. 6.4.15 The Jiangxi Biochem Co. Ltd

*List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS
1. 7.1 Rising Usage of Cyanoacetic Acid

** Subject to Availability