DUBLIN--(BUSINESS WIRE)--The "Global Monochloroacetic Acid Market - Segmented by Type, Application, and Geography - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global monochloroacetic acid market is expected grow at a significant rate during the forecast period.
China alone holds more than half of the consumption of monochloroacetic acid. The largest demand is in the form of carboxy methyl cellulose (CMC), which is majorly produced by China. Moreover, China is the major producer of glyphosate herbicide, which uses glycine. The demand is expected to increase from the Asia-Pacific region, especially from China, India, Bangladesh, and the South-East Asian countries, in the coming years. The growth in population and increasing demand in the agro-based products are the major driving factors for the Asia-Pacific market.
The Major application for monochloroacetic acid is production of Carboxymethylcellulose (CMC). It is used in numerous applications including, detergents, cosmetics & pharmaceuticals, as thickening agent in aqueous systems.
Asia-Pacific emerged as a major monochloroacetic acid consumer, responsible for more than half of the global consumption. The growing demand from agrochemicals, surfactants, and pharmceuticals industry and rapid industrialization in China are expected to boost consumption rate, which will make the country a leading consumer of monochloroacetic acid.
India, is Asia's third largest producer of chemicals with a market size of USD 139 billion exports - 34% from chemical industry, which majorly includes polymers & plastics, agrochemicals, dyes, and organic & inorganic chemicals. The country also stands as an important global player in organic, inorganic, and agrochemicals.
- Ajinomoto Amino Acids
- AkzoNobel N.V
- Alfa Aesar
- Clariant Acetyl Building Blocks GmBH
- Daicel Corporation
- Denak Company Limited
- DowDuPont Inc.
- Henan HDF Chemical Company Limited
- Klorox Chemicals Co. Ltd
- Merck Millipore
- Meridian Chem Bond Pvt. Ltd.
- Niacet Corporation
- PCC Group S.Andong Minji Chemical Co. Ltd.
- The Jiangxi Biochem Co. Ltd.
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
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