About Monochloroacetic Acid
Monochloroacetic acid (MCAA) is an organochlorine compound that is utilized by many end-user industry applications. It is soluble in methanol, acetone, benzene, chloroform, diethyl ether, and ethanol. The product is manufactured worldwide using two methods: Chlorination of acetic acid and hydrolysis of trichloroethylene. In terms of application, the market is segmented as cellulosic; agrochemicals; thioglycolic acid (TGA); surfactants; and others.
Technavio’s analysts forecast the global monochloroacetic acid market to grow at a CAGR of 3.67% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global monochloroacetic acid market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Monochloroacetic Acid Market 2017-2021
Technavio recognizes the following companies as the key players in the global monochloroacetic acid market: AkzoNobel, CABB, Daicel Corporation, Denak, The Dow Chemical Company, Jubilant Life Sciences, MCAA SE, and Niacet.
Other Prominent Vendors in the market are: Abhishek Impex, Alfa Aesar, anugrah, Archit Organosys, Merck, Nufarm, S.R. Drugs and Intermediates, Sandong MinJi Chemical, Shiv Chem Industries, and Swati Chemical Industries.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is capacity expansion in APAC. APAC holds more than half of the global market, regarding value, and is expected to remain the same even during the forecast period, due to rapid urbanization in China; India; Indonesia; and other developing countries. The Global MCAA capacity has doubled, in terms of production, in the past five years, with China and India as leading manufacturing countries.”
According to the report, one driver in the market is increasing use of MCAA derivatives in textile industries. The main application of MCAA is in the production of carboxymethyl cellulose (CMC), which is used as finishing agents for the textile; adhesives; detergents; and leather and paper industries. MCAA is extensively used by the chemical industry as intermediates, especially in the synthesis of indigo dyes and textile auxiliaries. CMC is used to manufacture foam-resistant films that are non-staining, have good adhesiveness, and are stretchable. It secures the texture of the yarn. The use of CMC in the textile industry is expected to increase during the forecast period.
Further, the report states that one challenge in the market is volatile prices of raw materials. The important raw materials used in the production of monochloroacetic acid is chlorine and glacial acetic acid. Acetic acid is usually synthesized from acetaldehyde by catalytic oxidation. Acetaldehyde is, in turn, obtained by the catalytic hydration of acetylene or through catalytic dehydrogenation of ethanol. The price of ethanol is directly related to the price of acetic acid, which is indirectly dependent on that of crude oils. In 2013, the price of ethanol was high and reached its peak in 2014. From 2015 onward, the prices of ethanol saw a drastic decline, which is dependent on the prices of crude oil. The fluctuating price of ethanol is a big challenge for the manufacturers of MCAA who find it difficult to source the raw materials at the right price to keep the prices of the final products steady.
AkzoNobel, CABB, Daicel Corporation, Denak, The Dow Chemical Company, Jubilant Life Sciences, MCAA SE, and Niacet, Abhishek Impex, Alfa Aesar, anugrah, Archit Organosys, Merck, Nufarm, S.R. Drugs and Intermediates, Sandong MinJi Chemical, Shiv Chem Industries, and Swati Chemical Industries.
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