Global Monochloroacetic Acid Market Analysis, 2024-2030
Description
Monochloroacetic acid is a thickening acid which is a key element in the chemical industry. This is because of the highly reactive chlorine element in the acid. It is widely used in drugs, cosmetics, dyes, and pesticides. Monochloroacetic acid is the industrial name of the element whereas originally it is named as chloroacetic acid.
Monochloroacetic acid is used in many end-user industries such as construction, detergent, paper, agriculture, adhesive, cosmetic, paint oil, plastic, ceramic, textile, pharmaceutical, food and medicine. It is also widely used in the cosmetic industry in the making of toothpaste, laxatives, diet pills and more. Apart from this, it is also used in the upstream business of oil and gas industry as a thickening agent in drilling mud.
The global monochloroacetic acid market report shows the existing market conditions by carrying out 315 hours of secondary and primary research. As per the research report, global metal nanoparticles catalyst is expanding its geographical peripheries swiftly. The monochloroacetic acid market is valued at US $ xxx million dollars in 2018 and it is expected to reach value of US $ xxx million by the end of 2023 growing on an annual growth rate of xx%.
There are various factors contributing to the growth of monochloroacetic acid globally. There is a significant demand for low-fat and gluten-free products in the developed countries, and this is due to people being health conscious, this has directly skyrocketed the demand. Another reason for the increase in demand is the exploration process in the oil and gas industry in North America and the Middle East. Apart from this, there is a huge demand in the taconite and mining activities across the globe. The major roadblock for this industry is fluctuation in the prices of the raw materials which are used to produce monochloroacetic acid.
The Asia-Pacific is said to be the largest market for monochloroacetic acid between the forecasted years that is 2017-2022 it will be regarding both volume and value, the reason behind the growth is the growing industrialization and the change in lifestyle of the population. China is alone responsible for more than half of the consumption of this product.
Some of the key companies in the market are Akzo Nobel, CABB, Daicel Corporation, PCC SE, Niacet Corporation, Shandong Minji Chemical, Denak Co., Kaifeng Dongda Chemical Company, Meridian Chem-Bond.
Our Approach
The research procedure starts with the market division of the global monochloroacetic acid into various segments, followed by the identifying the growth elements influencing every segment and then conducting market forecasts. Every market forecast is done based on the inputs given by all the business leaders in the global monochloroacetic acid industry value chain. Market Krystal therefore conducted more than 45 interviews devoted to this study and all the details pertaining to it are given below:
By company type:
Manufacturers (40%), Suppliers (15%), Consumers (25%), Researchers (20%), Independent industry consultant (10%)
By geography:
North America (35%), Asia (30%), Europe (35%)
By designation:
Top level (40%), Operation level (40%), Mid-level (20%)
Contents of the report:
Monochloroacetic acid is used in many end-user industries such as construction, detergent, paper, agriculture, adhesive, cosmetic, paint oil, plastic, ceramic, textile, pharmaceutical, food and medicine. It is also widely used in the cosmetic industry in the making of toothpaste, laxatives, diet pills and more. Apart from this, it is also used in the upstream business of oil and gas industry as a thickening agent in drilling mud.
The global monochloroacetic acid market report shows the existing market conditions by carrying out 315 hours of secondary and primary research. As per the research report, global metal nanoparticles catalyst is expanding its geographical peripheries swiftly. The monochloroacetic acid market is valued at US $ xxx million dollars in 2018 and it is expected to reach value of US $ xxx million by the end of 2023 growing on an annual growth rate of xx%.
There are various factors contributing to the growth of monochloroacetic acid globally. There is a significant demand for low-fat and gluten-free products in the developed countries, and this is due to people being health conscious, this has directly skyrocketed the demand. Another reason for the increase in demand is the exploration process in the oil and gas industry in North America and the Middle East. Apart from this, there is a huge demand in the taconite and mining activities across the globe. The major roadblock for this industry is fluctuation in the prices of the raw materials which are used to produce monochloroacetic acid.
The Asia-Pacific is said to be the largest market for monochloroacetic acid between the forecasted years that is 2017-2022 it will be regarding both volume and value, the reason behind the growth is the growing industrialization and the change in lifestyle of the population. China is alone responsible for more than half of the consumption of this product.
Some of the key companies in the market are Akzo Nobel, CABB, Daicel Corporation, PCC SE, Niacet Corporation, Shandong Minji Chemical, Denak Co., Kaifeng Dongda Chemical Company, Meridian Chem-Bond.
Our Approach
The research procedure starts with the market division of the global monochloroacetic acid into various segments, followed by the identifying the growth elements influencing every segment and then conducting market forecasts. Every market forecast is done based on the inputs given by all the business leaders in the global monochloroacetic acid industry value chain. Market Krystal therefore conducted more than 45 interviews devoted to this study and all the details pertaining to it are given below:
By company type:
Manufacturers (40%), Suppliers (15%), Consumers (25%), Researchers (20%), Independent industry consultant (10%)
By geography:
North America (35%), Asia (30%), Europe (35%)
By designation:
Top level (40%), Operation level (40%), Mid-level (20%)
Contents of the report:
- Insights on the global monochloroacetic acid industry dynamics
- Estimation of the present global monochloroacetic acid market size in terms of value and volume.
- Global monochloroacetic acid market breakup based on application (cellulose, glycine, surfactants, thioglycol acid, others), end-user (pharmaceutical, personal care, agrochemical, geological drilling, dyes & detergents, others) and geography (North America, Europe, Asia-Pacific, Middle East, Africa & Latin America)
- Substantiated global monochloroacetic acid market forecast for the next five years
- In depth analysis of the leading companies working across different nodes of global monochloroacetic acid industry value chain
Table of Contents
- 1. Introduction
- Purpose of the report
- Research methodology
- Executive summary
- 2. Product Overview
- Product analysis
- Portfolio analysis of top companies
- Value chain analysis
- Market dynamics
- 3. Global Market Analysis
- Global monochloroacetic acids market size (2024–2030)
- By value
- By volume
- Global monochloroacetic acids market share (2024–2030)
- By application
- By end-user
- By company
- By geography
- 4. North America Market Analysis
- North America monochloroacetic acids market size (2024–2030)
- By value
- By volume
- North America monochloroacetic acids market share (2024–2030)
- By application
- By end-user
- By company
- By geography
- 5. Europe Market Analysis
- Europe monochloroacetic acids market size (2024–2030)
- By value
- By volume
- Europe monochloroacetic acids market share (2024–2030)
- By application
- By end-user
- By company
- By geography
- 6. Asia-Pacific Market Analysis
- Asia-Pacific monochloroacetic acids market size (2024–2030)
- By value
- By volume
- Asia-Pacific monochloroacetic acids market share (2024–2030)
- By application
- By end-user
- By company
- By geography
- 7. Middle East Market Analysis
- Middle East monochloroacetic acids market size (2024–2030)
- By value
- By volume
- Middle East monochloroacetic acids market share (2024–2030)
- By application
- By end-user
- By company
- By geography
- 8. Africa Market Analysis
- Africa monochloroacetic acids market size (2024–2030)
- By value
- By volume
- Africa monochloroacetic acids market share (2024–2030)
- By application
- By end-user
- By company
- By geography
- 9. Latin America Market Analysis
- Latin America monochloroacetic acids market size (2024–2030)
- By value
- By volume
- Latin America monochloroacetic acids market share (2024–2030)
- By application
- By end-user
- By company
- By geography
- 10. Competitive Intelligence
- Meridian Chem-Bond
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 2
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 3
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 4
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 5
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 6
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 7
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 8
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 9
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- 11. Appendix
- Primary research breakup
- List of interview participants
- Discussion guide
- Interview transcript
- About Market Krystal team
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