Monochloroacetic Acid Market, Covid-19 Outbreak, Segmentation, Regional Analysis, Intended Audience, High Demand, Key Players and Forecast to 2023

The global monochloroacetic acid market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific was the largest region in the global monochloroacetic acid market in 2016 owing to high demand from major end-use industries such as personal care, agrochemicals, and others. Increasing agricultural sector in India, China, South Korea, Indonesia, and others are expected to propel the market growth in Asia Pacific region. Additionally, the product is used to provide texture to the personal care products, which is expected to drive the market growth in the personal care sector over the assessment period, 2018-2023. Furthermore, the product is also used in the fusion of indigo dyestuff, which is expected to drive its demand in the textile industry, especially, in the Southeast Asian market.

Segmentation

The global monochloroacetic acid market is segmented on the basis of form, application, end-use industry, and region.

The global monochloroacetic acid market is segmented on the basis of the form into crystalline, liquid, powdered, and flakes.

Based on the application, the global monochloroacetic acid market is segmented into carboxyl methyl cellulose, thioglycolic acid, thickening agent, surfactants, intermediates, and others.

On the basis of the end-use industry, the global monochloroacetic acid market is segmented into agrochemicals, pharmaceuticals, cosmetic & personal care, oil & gas, textiles, plastics, and others.

Regional Analysis

Global Monochloroacetic Acid Market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia Pacific accounted for a major share of the global monochloroacetic acid in 2016 owing to high demand from the various end-use industries such as agrochemicals, pharmaceuticals, and textiles. The sanguine demand for agrochemicals on the backdrop of increasing agricultural activities in Association of Southeast Asian Nations (ASEAN), China, and India is expected to boost the MCAA demand in Asia Pacific market.

North America was the second largest region in the global monochloroacetic acid market on account of high demand from the pharmaceuticals and cosmetic & personal care industry. The rapid rise in the agriculture sector in the U.S. is an underlying driver of the market.

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KeyPlayers

Some of the manufacturers operating in the global monochloroacetic acid market are Akzo Nobel N.V. (Netherlands), CABB GmbH (Germany), Daicel Corporation (Japan), Denak Co., Ltd (Japan), The Dow Chemical Company (U.S.), PCC SE (Germany), Niacet (U.S.), Xuchang Dongfang Chemical Co. Ltd. (China), Shandong Minji Chemical Co., Ltd. (China), Shiv Chem Industries (India), Abhishek Impex (India), Merck KGaA (Germany), Jubilant Life Sciences Ltd. (India), Alfa Aesar, Thermo Fisher Scientific (U.S.), and anugrah IN-ORG(P) LIMITED (India).

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.