Global Market Study on Monochloroacetic Acid (MCAA): Production of Chemical Compounds Segment Expected to be the Most Attractive Segment Throughout the Forecast Period


  • Published On : Oct-2016 |
  • Pages : 173 Pages |
  • Format :

Persistence Market Research analyzes the global monochloroacetic acid market over an eight-year period in a newly published report. The main objective of the report is to identify key dynamics influencing the global monochloroacetic acid market during the forecast period (2016–2024) and provide recent updates and insights impacting the various segments of the global monochloroacetic acid market.

To understand and assess dynamics in the global monochloroacetic acid market, the report is categorically divided into three sections based on market segmentation – by application, by end use industry, and by region. The report starts with an overview of the global monochloroacetic acid market and provides an in-depth analysis of the drivers, restraints, trends, and opportunities in the global monochloroacetic acid market. The overview section also includes the global monochloroacetic acid market snapshot, regional production and consumption outlook, and global production capacity distribution of monochloroacetic acid. The subsequent sections analyze the global monochloroacetic acid market on the basis of application, end use industry, and region and evaluate the market on the basis of factors affecting the global monochloroacetic acid market covering both the present scenario and future prospects. For market data analysis, the report considers 2015 as the base year, with market numbers estimated for 2016 and a comprehensive forecast made for the period 2017–2024.

The final section of the report on the global monochloroacetic acid market presents a competitive market landscape to provide report audiences with a dashboard view of leading market players operating in the global monochloroacetic acid market, along with their market performance, SWOT analysis, and key business strategies. Some of the leading companies operating in the global monochloroacetic acid market featured in the report include Akzo Nobel N.V., CABB GmbH, Nufarm Limited, Niacet Corporation, Jubilant Life Sciences Limited, Shandong Minji Chemical Co. Ltd., Archit Organosys Ltd., IOL Chemicals and Pharmaceuticals Limited, Meridian Chem Bond Pvt. Ltd., and S.R. Drugs and Intermediates Pvt. Ltd.

Research methodology

To deduce market volume size, the report considers the global production and consumption of acetic acid as well as the amount of acetic acid consumed for the production of monochloroacetic acid. This data is validated by interacting with key industry experts in the field of acetic acid and monochloroacetic acid production, as acetic acid is the prominently used route for monochloroacetic acid production. In order to estimate market value, average prices of monochloroacetic acid across each application have been considered. The report incorporates various viewpoints based on secondary research. Furthermore, data points such as regional split and market split by application, by end use industry, and by region; and qualitative inputs from industry experts have been taken into consideration to arrive at suitable market estimates. The forecast presented in the report evaluates the actual consumption of monochloroacetic acid and expected consumption in the global monochloroacetic acid market over the forecast period. The report begins by sizing up the current market, which forms the basis for forecasting how the market is anticipated to take shape during the forecast period. Given the ever-fluctuating nature of the global economy, the report presents forecasts not only in terms of CAGR, but also analyzes the global monochloroacetic acid market on the basis of key parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities in the global monochloroacetic acid market.

The report also analyzes the global monochloroacetic acid market segments in terms of Basis Point Share (BPS) to understand individual segments’ relative contribution to market growth. This detailed level of information is important to identify the many trends governing the global monochloroacetic acid market. Another key feature of this report is a comprehensive analysis of the global monochloroacetic acid market revenue forecast in terms of absolute dollar opportunity, critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global monochloroacetic acid market. In order to understand key growth segments in terms of growth and performance of the global monochloroacetic acid market, Persistence Market Research has also developed a market attractiveness index to help providers identify real market opportunities in the global monochloroacetic acid market.

Monochloroacetic acid (MCAA) is a specialty organochlorine compound, also known as chloroacetic acid. It is the building block in organic synthesis, and is hence used in the production of various chemical compounds, drugs, and agrochemicals. Significant amount of MCAA is consumed for the production of carboxymethylcellulose (CMC), thioglycolic acid, USP grade glycine, and technical grade glycine, which is a major precursor to the production of glyphosate. Global sales of monochloroacetic acid was valued at US$ 485.4 Mn in 2015 and is projected to increase 1.5X over the forecast period (2016 – 2024) to be valued at US$ 756.6 Mn by the end of 2024.

Market dynamics

The global monochloroacetic acid market is mainly driven by increasing demand for the production of carboxymethylcellulose, thioglycolic acid, and glycine. Significant amount of monochloroacetic acid is consumed for the production of CMC, also called as cellulose gel. Use of monochloroacetic acid imparts viscosity boosting and emulsion stabilization properties. Apart from these properties, use of MCAA in CMC production offers alteration of flow and texture of the product. Such attributes impel the use of CMC in the food & beverages industry for applications such as powdered drinks, alcoholic and non-alcoholic beverages, and ice-cream. CMC is also widely preferred over synthetic and natural glues, which is expected to drive its demand, and in turn is expected to increase the consumption of MCAA for CMC production. These factors are likely to boost the revenue growth of the global monochloroacetic acid market over the forecast period.

Monochloroacetic acid is a basic raw material for the production of various herbicides and insecticides. Chlorpyrifos and triclopyr are widely used insecticides that are also derived from MCAA. However, the MCAA route to produce symtet generates significant amount of hazardous waste. Also, production facilities that are operated by the MCAA route face challenges such as high operation and maintenance costs that arise due to the corrosive nature of MCAA. Hence, symtet production by the MCAA route is a major challenge for producers operating in the global monochloroacetic acid market. 

Segment analysis      

The global monochloroacetic acid market is segmented on the basis of Application (Production of Chemical Compounds, Drugs, Herbicides & Insecticides, Others (Indigo Dyes, Amphoteric Surfactants)) and End Use Industry (Pharmaceutical Industry, Chemical Industry, Food & Beverages Industry, Personal Care Industry, Others (Oil & Gas Industry)). The Production of Chemical Compounds application segment is expected to be the most attractive segment in the global monochloroacetic acid market over the forecast period and is estimated to register a value CAGR of 5.6% between 2016 and 2024. The Herbicides & Insecticides application segment is expected to witness a high growth from 2016 till 2022, after which it is expected to exhibit steady growth till the end of 2024. This segment is expected to increase 1.5X over the forecast period to be valued at US$ 32.3 Mn by the end of 2024. The Chemical Industry end use industry segment is estimated to dominate the global monochloroacetic acid market and account for more than two-thirds share by 2016 end. The Pharmaceutical Industry segment is projected to create incremental opportunity of US$ 53.1 Mn between 2016 and 2024.

monochloroacetic acid market

Regional analysis

The global monochloroacetic acid market is segmented into the five key regions of North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA). The Asia Pacific market dominates the global monochloroacetic acid market in terms of production and consumption; this region accounted for more than two-thirds share in terms of value in 2015. The Latin America monochloroacetic acid market is anticipated to register a value CAGR of 4.8% during the forecast period.

Key market players

Akzo Nobel N.V., CABB GmbH, Nufarm Limited, Niacet Corporation, Jubilant Life Sciences Limited, Shandong Minji Chemical Co. Ltd., Archit Organosys Ltd., IOL Chemicals and Pharmaceuticals Limited, Meridian Chem Bond Pvt. Ltd., and S.R. Drugs and Intermediates Pvt. Ltd. are some of the leading companies operating in the global monochloroacetic acid market. Leading market players are focusing on an organic growth strategy through strategic joint ventures and setting up of new production facilities to remain competitive in the global monochloroacetic acid market.

Company Profiles

  • AkzoNobel N.V.
  • CABB Group
  • Nufarm Limited
  • Niacet Corporation
  • Jubilant Life Sciences Limited
  • Shandong Minji Chemical Co.,Ltd.
  • Archit Organosys Limited
  • IOL Chemicals & Pharmaceuticals Limited
  • Meridian Chem Bond Pvt. Ltd.
  • S.R.Drugs and Intermediates Pvt. Ltd.
  • Other
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