Global Monochloroacetic Acid (MCA) Market to Push Past US$1,046.7 Million by 2020 Owing to China’s Cement, Chemical Fertilizers and Steel Industries: Transparency Market Research

ALBANY, N.Y.--()--The growth prospects of the global monochloroacetic acid (MCA) market seem moderately healthy with Transparency Market Research’s latest study predicting that this market will exhibit a 3.6% CAGR from 2014 through 2020 in revenue terms. The TMR report, titled “Monochloroacetic Acid (MCA) Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014-2020” studies all key applications of MCA, namely, agrochemicals, thioglycolic acid, cellulosics, surfactants, and others (cyanoacetic acid, phenoxyacetic acid, etc).

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The findings of the report state that the global monochloroacetic acid (MCA) market was valued at US$817.1 million as of 2013, and will grow to US$1,046.7 million by 2020. By volume, the global monochloroacetic acid (MCA) market was estimated at 677.0 kilo tons as of 2013.

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MCA and its derivatives are in high demand in herbicides, drilling fluids, plastic stabilizers, textiles, surfactants, food processing, pharmaceuticals, and construction. China, the global leader in the manufacture of chemical fertilizers, steel and cement, creates massive demand for MCA annually, and is credited for steering this market to a great extent globally.

Press Release: http://www.transparencymarketresearch.com/pressrelease/monochloroacetic-acid-market.htm

TMR’s analysis also notes that the growing need for carboxymethyl cellulose (CMC) for drilling activities in oilfields and for agrochemicals (glyphosate and 2, 4-D) will act as catalysts for the growth of the monochloroacetic acid (MCA) market in the coming years. This will be further supported by the expansion in mining activities for taconite and iron ore, leading to new avenues being created for the monochloroacetic acid market, considering that CMC is in great demand in mining activities. MCA raw material prices are prone to volatility; this could restrain the monochloroacetic acid (MCA) market to some extent. The report also profiles leading market players and analyzes their financial standing.

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Contacts

Transparency Market Research
Mr. Nachiket Ghumare, +1 518-618-1030
USA-Canada Toll Free: 866-552-3453
sales@transparencymarketresearch.com
http://www.transparencymarketresearch.com/

Release Summary

Monochloroacetic Acid (MCA) Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

Contacts

Transparency Market Research
Mr. Nachiket Ghumare, +1 518-618-1030
USA-Canada Toll Free: 866-552-3453
sales@transparencymarketresearch.com
http://www.transparencymarketresearch.com/