Monochloroacetic Acid Market Analysis

Monochloroacetic Acid Market Analysis

The two industrial processes in which the market has been segregated are chlorination and hydrolysis. The chlorination process is predominant among the two and uses acetic anhydride as a catalyst. It involves adding chlorine to the activity to kill particular bacteria and other microbes. Leading companies in the market use the chlorination process for product manufacturing.
 

The trichloroethylene hydrolysis method produces a highly pure monochloroacetic acid using sulfuric acid as a catalyst. Hydrolysis involves addition of water to the activity to break the condensation that builds up by water removal. Hydrolysis is also used by several companies depending on the purity requirements of the customers.
 

Based on products, monochloroacetic acid market is segmented into dry powder, liquid and pellets form. The dry powder is a colorless to white color and is soluble in water, methanol, ethanol, chloroform, benzene, diethyl ether, and acetone. The liquid is available in colorless form whereas the crystals are light brownish, white or colorless in appearance.
 

Based on the usage, different forms of MCA are used in the oil & drilling, textiles, personal care, pharmaceutical and other such industries. Companies trade in all the three forms of the product as per customers’ requirements.
 

Considering application, the monochloroacetic acid market is bifurcated into cellulosics, agrochemicals, surfactants, thioglycolic acid (TGA) and others which include cyanoacetic acid, phenoxyacetic acid, and others. The surfactants industry in 2016 accounted for over 12% of the entire market share and will foresee huge growth due to its extensive usage as dispersants, foaming agents, emulsifiers, wetting agents, and detergents. Increasing home care, sanitary and industrial activities will further augment the surfactants industry which in turn will push the market to new heights.
 

Agrochemicals segment will witness growth with over 2% CAGR in the forecast period, the segment finds maximum usage in agriculture-based economies such as India, China, and Brazil. The market in these regions will grow at an exponential rate owing to high usage of agrochemicals
 

for crop safety and soil fertility. Moreover, they also help to enhance the crop properties and give maximum yield to the farmers. These factors will drive the regional market largely.
 

Asia Pacific monochloroacetic acid market holds over 50% industry share followed by Europe. Developing nations in the Asia Pacific region such as China, India, Vietnam, Indonesia, and others have several emerging industries which will drive the market demand. Agriculture based economies like India and China have huge markets for the agrochemicals sector which fuels the market size in these countries. Moreover, rising industries such as textiles, personal care and pharmaceutical further surge the market growth in this region. Rising GDP and industrial activities in these regions will further open new growth avenues for the market owing extensive use of the product in numerous industries including oil & drilling.
 

The North America monochloroacetic acid market is driven by the rising pharmaceutical market demand. Increasing number of diseases and epidemics have created demand for newer and improved medicines and treatments. The regional market will grow at a CAGR of around 2.5% in the forecast period. Development in the medical sector coupled with the use of advanced medicines will further propel the pharmaceutical market in this region.