New York, NY -- (SBWIRE) -- 02/19/2021 -- The global monochloroacetic acid market is forecast to reach USD 1.10 Billion by 2026, according to a new report by Reports and Data. Monochloroacetic acid (MCAA) is a colorless material, which is highly soluble in water and in organic solvents. The vapor pressure at room temperature is moderate. It has a pungent odor. MCAA being acidic, therefore, can cause skin irritation upon contact with a MCAA solution and can cause skin corrosion and conjunctival burns upon contact with more concentrated solutions. The systemic toxicity of MCAA is caused by inhibition of certain enzymes of the glycolytic cycle. The major industrial use of Monochloroacetic acid is in the manufacture of carboxymethyl cellulose (CMC). CMC is used in a broad range of applications, including textiles, food, detergents, pharmaceuticals, drilling muds, coatings, and cosmetics.

Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market. The pandemic has affected every segment of the market, along with bringing disruption in the supply chain, demands & trends, and financial difficulties. The report covers the initial and future assessment of the COVID-19 impact on the market.

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Further key findings from the report suggest

Hydrolysis procedure is utilized in the production of Monochloroacetic acid, which is seen to observe a CAGR of 3.4% in the forecast period. The hydrolysis of trichloroethylene produces high-purity Monochloroacetic acid but has the drawback of utilizing a relatively more expensive starting material.

MCA is used to make surfactants, particularly mild betaine amphoteric surfactants. In the textile industry, a surfactant is used for processes such as scouring, dyeing, and finishing. Surfactants are estimated to have a CAGR of 4.3% during the forecast period.

Cellulosics have held a market share of 31.2% in the year 2018. Cellulosic is a polysaccharide that comprises of glucose monomers and is the main constituent of the cell walls of plants. It is usable in the manufacture of numerous products, including paper, textiles, pharmaceuticals, and insulation.

Asia Pacific is forecasted to witness the highest CAGR of 4.2% during the forecast period. Countries like India, China, and Japan are rapidly catching up with the growth in the Monochloroacetic acid market. Agrochemical production and chemical consumption have increased in this region.

Based on the regions, the report covers the following regions:

North America (U.S.A., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Competitive Terrain:

The global Monochloroacetic Acid market has a consolidated presence of a large number of companies that have been performing consistently to achieve optimum market growth. The report comprehensively discusses these companies' current market standing, past performances, demand & supply graphs, sales network, production & consumption patterns, and distribution channels. The report thus points out the effective business approaches undertaken by these market players to build on their market footprint.

The leading companies operating across the global Monochloroacetic Acid market are listed below:

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., and Shiv Chem Industries, among others.

Process Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

Chlorination

Hydrolysis

Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

Dry Powder

Liquid

Pellets

Others

Applications Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

Cellulosics

Agrochemicals

Surfactants

Thioglycolic Acid

Others

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Radical Features of the Monochloroacetic Acid Market Report:

Valuable insights into the Monochloroacetic Acid market to impart an in-depth understanding of the business verticle

An 8-year forecast estimation along with an analysis of key elements of the market

Technological advancements, regulatory framework, and recent developments covered in the report

Growth analysis and projections until 2027

Statistical analysis of the key players operating in the Monochloroacetic Acid industry

Table Of Contents:

Chapter 1. Market Synopsis

Chapter 2. Executive Summary

Chapter 3. Indicative Metrics

Chapter 4. Monochloroacetic Acid Market Segmentation & Impact Analysis

Chapter 5. Monochloroacetic Acid Market, By Type Insights & Trends

Chapter 6. Monochloroacetic Acid Market, By Application Insights & Trends

Chapter 7. Monochloroacetic Acid Market, By End Use Insights & Trends

Chapter 8. Monochloroacetic Acid Market Regional Outlook

Chapter 9. Competitive Landscape

Chapter 10. Company Profiles

    10.1. AkzoNobel N.V.

           10.1.1. Company Overview

           10.1.2. Financial Performance

10.2. CABB GmbH

           10.2.1. Company Overview

           10.2.2. Financial Performance

10.3. Daicel Corporation

           10.3.1. Company Overview

           10.3.2. Financial Performance

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