DUBLIN--(BUSINESS WIRE)--The "Monochloroacetic Acid Market by Product Form (Crystalline, Liquid, And Flakes), Application (CMC, Agrochemicals, Surfactants, TGA), and Region (North America, APAC, Europe, Middle East & Africa, and South America) - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The monochloroacetic acid (MCA) market is estimated at USD 762.6 Million in 2017 and is projected to reach USD 908.9 Million by 2022, at a CAGR of 3.6% between 2017 and 2022.
The growth of the market is driven by the increasing demand of MCA for the production of CMC, agrochemicals, and surfactants, which are used in the building & construction, food & beverage, pharmaceutical, agriculture, and oil & gas industries. In addition, rising GDP, growing disposable income, and rapid urbanization in developing countries have also contributed to the demand for MCA, globally.
Asia Pacific is projected to be the largest market for MCA during the forecast period. The demand for MCA is high in this region due to the region's large industrial base. Additionally, the increasing use of MCA in CMC and agrochemicals industries and related growth in emerging economies, such as India, China, and Indonesia, also drive the MCA market growth in this region. The Asia Pacific MCA market is also projected to witness the highest growth during the forecast period, owing to the rising urbanization and living standards, which, in turn, is expected to boost the demand for surfactants in personal care and cosmetic industries in the region during the forecast period.
The leading companies operating in the global MCA market include AkzoNobel (Netherlands), CABB (Germany), Daicel Corporation (Japan), PCC SE (Germany), Niacet Corporation (US), Shandong Minji Chemical (China), Denak Co. (Japan), Kaifeng Dongda Chemical Company (China), and Meridian Chem-Bond (India). Key players like AkzoNobel, CABB, and Niacet Corporation have adopted joint venture and acquisition as their key growth strategies between 2014 and 2017.
- Increasing Demand for Carboxymethylcellulose (CMC)
- Growing Demand for Agrochemicals
- High Demand From the Construction Industry of Emerging Economies
- Harmful Effects of MCA Exposure
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Macroeconomic Indicators
7 MCA Market, by Product Form
8 MCA Market, by Application
9 MCA Market, by Region
10 Competitive Landscape
11 Company Profiles
- Anugrah In-Org
- Archit Organosys
- Henan HDF Chemical Company
- Kaifeng Dongda Chemical Company
- Meridian Chem-Bond
- Puyang Tiancheng Chemical Co. Ltd.
- S R Drugs and Intermediates
- Shandong Minji Chemical
For more information about this report visit https://www.researchandmarkets.com/research/pxkjfp/global?w=4