Monochloroacetic Acid Market

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 Code: CH 6039 Feb, 2018, by marketsandmarkets.com

[105 Pages Report] The monochloroacetic acid (MCA) market was valued at USD 733.4 million in 2016 and is projected to reach USD 908.9 million by 2022, at a CAGR of 3.6% during the forecast period. In this study, 2016 has been considered as the base year, while the forecast period is from 2017 to 2022.

Market Dynamics

Drivers

  • Increasing demand for CMC
  • Growing demand for agrochemicals

Opportunities

  • High demand from the construction industry of emerging economies

Challenges

  • Harmful effects of MCA exposure

Increasing awareness regarding water & wastewater treatment

CMC is the largest application of MCA. The production of CMC amounts to more than 500 kilotons, globally. Starch is reacted with MCA to produce carboxymethyl starch which is then widely used as a viscosity modifier in industries such as textile, oil & gas, paints, personal care, pharmaceutical, and paper. Increasing oil drilling activities in countries, such as Kuwait, Brazil, UAE, Russia, and Saudi Arabia; growing iron ore mining operations; formulation of drugs in the pharmaceutical industry; detergent formulations; and increased use of recycled paper in the paper industry are the main factors increasing the demand for CMC, which is driving the MCA market.

Objectives of the Study:

  • To define, describe, and forecast the MCA market on the basis of technology, application, and region
  • To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contribution to the total market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies2

Note1: Micromarkets are the subsegments of the MCA market included in the report

Note2: Core competencies of companies are determined in terms of their key developments, SWOT analysis, and key strategies adopted by them to sustain in the market

In this report, market sizes have been derived from various research methodologies. In the secondary research process, different sources have been referred to, to identify and collect information for this study on the MCA market. These secondary sources include annual reports, press releases, investor presentations of companies and associations (such as PubChem, ScienceDirect, Journal of Food Processing & Technology, and others) and white papers, certified publications, and articles from recognized authors. In the primary research process, sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information for this report. The bottom-up approach has been used to estimate the market size, in terms of value. The top-down approach has also been implemented to validate the market size, in terms of value. With the data triangulation procedure and validation of data through primaries, exact values of the sizes of the overall parent market and individual markets have been determined and confirmed in this study.

The figure below illustrates the breakdown of profiles of primary interview participants.

Monochloroacetic Acid Market

To know about the assumptions considered for the study, download the pdf brochure

The MCA market includes raw material suppliers, manufacturers, and end users of MCA. AkzoNobel (Netherlands), CABB (Germany), Daicel Corporation (Japan), PCC SE (Germany), and Shandong Minji Chemical (China) are the leading players operating in the MCA market.

Major Market Developments

  • In April 2016, AkzoNobel entered into a joint venture with Atul Chemical to set up an MCA production plant at Atul’s existing business unit in Gujarat, India. The joint venture project will utilize chlorine and hydrogen manufactured by Atul and AkzoNobel’s cutting-edge eco-friendly hydrogenation technology to produce MCA. Along with meeting Atul’s MCA requirement, the proposed facility will also serve the MCA market in India.
  • In April 2016, CABB entered into a joint venture with Jining Gold Power (China) for the production of MCA in China. This joint venture was worth USD 16.6 million. The plant utilizes the latest German hydrogenation technology.
  • In March 2013, Niacet has acquired Kemira’s food, pharmaceutical, and acetate-based chemical manufacturing facility located in Tiel, Netherlands. In its US facility, Niacet also manufactures similar acetates, propionates, and MCA for the baking and pharmaceutical applications. With this acquisition, Niacet has strengthened its position in the food, pharmaceutical, and acetate-based chemical industries of Europe.

Key Target Audience:

  • MCA Manufacturers
  • MCA Traders, Distributors, and Suppliers
  • Raw Material Suppliers
  • Governments and Research Organizations
  • Associations and Industrial Bodies
  • R&D Institutions
  • Environment Support Agencies

Scope of the Report

The report forecasts revenue growth and provides an analysis of trends in each of the subsegments of the MCA market. This research report categorizes the market based on the following:

MCA Market, By Product form:

  • Crystalline
  • Liquid
  • Flakes

MCA Market, By Application:

  • CMC
  • Agrochemicals
  • Surfactants
  • TGA
  • Others (cyanoacetic acid, arylacetic acid, and aminoacetic acid)

MCA Market, By Region:

  • North America
  • Asia Pacific
  • Europe
  • Middle East & Africa
  • South America

Each region has been further segmented into key countries in that region.

Critical questions which the report answers

  • What are the upcoming trends for MCA in developing nations?
  • Which are the key players in the market and how intense is the competition?

Available Customizations:

The following customization options are available for the report:

Country Information

  • MCA market analysis for additional countries

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.

The CMC segment is projected to be the largest application segment of the MCA market during the forecast period, in terms of both value and volume, owing to the wide application of CMC in numerous end-use industries, including construction, detergent, paper, agriculture, adhesive, cosmetic, paint, oil, plastic, ceramic, textile, pharmaceutical, food, and medicine.

Harmful effects of MCA exposure are identified as the key challenge for the MCA market growth. MCA is an acid and can cause eye and skin irritations upon contact. Diluted MCA causes skin irritation while concentrated MCA may cause skin corrosion and conjunctival burns. The toxicity of MCA causes inhibition of enzymes of the glycolytic pathway and tricarboxylic acid cycle. This causes a metabolic blockage which damages high value organs, such as heart, central nervous systems, kidneys, muscles, etc. Therefore, proper handling and operation techniques are strictly adhered to while working with MCA.

Monochloroacetic Acid Market

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.

MCA is used in various applications such as CMC, agrochemicals, surfactants, TGA, and others.

CMC

MCA is one of the major ingredients used in the manufacturing of CMC. CMC is used in a wide range of products including food, pharmaceuticals, oil field admixtures, cosmetics, and textiles. CMC is produced by reacting MCA with cellulose in an alkali-catalyzed reaction, followed by the addition of sodium hydroxide (NaOH) to produce sodium salts. CMC can be produced in three grades.

The resultant mixture from the initial reaction called technical CMC is used mainly in the production of detergents. A more purified form which is obtained after the removal of salts is used in industries such as food, pharmaceutical, and oral health care. An intermediate form of CMC is used in the paper industry to restore old documents for archives.

Agrochemicals

In agrochemicals, MCA is mainly used as a chemical intermediate for the formulation of herbicides and pesticides. Chloroacetic acid and methyl chloroacetate are also used for producing insecticides, such as dimethoate, 2-methyl-4-chlorophenoxyacetic acid (MCPA), benazoline, and methyl b-naphthyloxyacetate. These are prepared by alkylation with chloroacetic acid and are some of the most widely used herbicides and pesticides, globally.

Surfactants

MCA is also used in the production of mild betaine amphoteric surfactants, for instance, N-alkyl betaine, which are used in cleaners and personal care products. Amphoteric surfactants are chemicals, which can form cation or anion from hermaphroditic ions. They are mainly formed through the alkylation of chloroacetic acid. Amphoteric surfactants have low toxicity, antibacterial properties, excellent resistance to hard water, and good compatibility with various kinds of surfactants. These are used in the personal care products, such as shampoos, shower gels, liquid soaps, and other cosmetics. These are also used in the production of liquid detergents used in applications such as dishwashing liquids, all-purpose cleaners, and car cleaners.

Critical questions the report answers:

  • What are the upcoming hot bets for MCA market?
  • How market dynamics is changing for different forms in different applications?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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.

Table of Contents

1 Introduction (Page No. - 12)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Units Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 15)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 23)

4 Premium Insights (Page No. - 26)
    4.1 Significant Opportunities in the MCA Market
    4.2 MCA Market, By Application
    4.3 MCA Market, By Product Form
    4.4 APAC: MCA Market, By Application and Country
    4.5 MCA Market Share, By Region

5 Market Overview (Page No. - 29)
    5.1 Introduction
           5.1.1 Drivers
                    5.1.1.1 Increasing Demand for Carboxymethylcellulose (CMC)
                    5.1.1.2 Growing Demand for Agrochemicals
           5.1.2 Opportunities
                    5.1.2.1 High Demand From the Construction Industry of Emerging Economies
           5.1.3 Challenges
                    5.1.3.1 Harmful Effects of MCA Exposure
    5.2 Porter’s Five Forces Analysis
           5.2.1 Bargaining Power of Suppliers
           5.2.2 Bargaining Power of Buyers
           5.2.3 Threat of New Entrants
           5.2.4 Threat of Substitutes
           5.2.5 Intensity of Competitive Rivalry

6 Macroeconomic Indicators (Page No. - 34)
    6.1 Introduction
    6.2 Trends and Forecast of the GDP Growth Rate of Major Economies
    6.3 Construction Industry
           6.3.1 Construction Industry in North America
           6.3.2 Construction Industry in Europe
           6.3.3 Trends and Forecast of the Construction Industry in APAC

7 MCA Market, By Product Form (Page No. - 36)
    7.1 Introduction
    7.2 Crystalline
    7.3 Liquid
    7.4 Flakes

8 MCA Market, By Application (Page No. - 39)
    8.1 Introduction
    8.2 Carboxymethylcellulose (CMC)
    8.3 Agrochemicals
    8.4 Surfactants
    8.5 Thioglycolic Acid (TGA)
    8.6 Others

9 MCA Market, By Region (Page No. - 43)
    9.1 Introduction
    9.2 APAC
           9.2.1 China
           9.2.2 India
           9.2.3 Japan
           9.2.4 South Korea
           9.2.5 Indonesia
           9.2.6 Rest of APAC
    9.3 North America
           9.3.1 US
           9.3.2 Canada
           9.3.3 Mexico
    9.4 Europe
           9.4.1 Germany
           9.4.2 France
           9.4.3 UK
           9.4.4 Italy
           9.4.5 Spain
           9.4.6 Rest of Europe
    9.5 Middle East & Africa
           9.5.1 Saudi Arabia
           9.5.2 Turkey
           9.5.3 UAE
           9.5.4 South Africa
           9.5.5 Rest of Mea
    9.6 South America
           9.6.1 Brazil
           9.6.2 Argentina
           9.6.3 Rest of South America

10 Competitive Landscape (Page No. - 80)
     10.1 Introduction
     10.2 Competitive Scenario
             10.2.1 Joint Venture
             10.2.2 Acquisition
     10.3 Market Ranking Analysis

11 Company Profiles (Page No. - 83)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 Akzonobel
     11.2 CABB
     11.3 Daicel
     11.4 Shandong Minji Chemical
     11.5 PCC
     11.6 Archit Organosys
     11.7 Denak
     11.8 Kaifeng Dongda Chemical Company
     11.9 Meridian Chem-Bond
     11.10 Niacet
     11.11 Other Players
             11.11.1 S R Drugs and Intermediates
             11.11.2 Henan HDF Chemical Company
             11.11.3 Anugrah In-Org
             11.11.4 Puyang Tiancheng Chemical Co., Ltd.

*Details Might Not Be Captured in Case of Unlisted Companies

12 Appendix (Page No. - 97)
     12.1 Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (78 Tables)

Table 1 Trends and Forecast of GDP Growth Rate, By Key Country, 2016–2021
Table 2 Contribution of the Construction Industry to GDP in North America, 2014– 2016 (USD Billion)
Table 3 Contribution of the Construction Industry to GDP in Europe (USD Billion)
Table 4 Contribution of the Construction Industry to GDP in APAC (USD Billion)
Table 5 MCA Market Size, By Product Form, 2015–2022 (Kiloton)
Table 6 MCA Market Size, By Product Form, 2015–2022 (USD Million)
Table 7 MCA Market Size, By Application, 2015–2022 (Kiloton)
Table 8 MCA Market Size, By Application, 2015–2022 (USD Million)
Table 9 MCA Market Size, By Region, 2015—2022 (Kiloton)
Table 10 MCA Market Size, By Region, 2015—2022 (USD Million)
Table 11 APAC: MCA Market Size, By Country, 2015—2022 (Kiloton)
Table 12 APAC: MCA Market Size, By Country, 2015—2022 (USD Million)
Table 13 APAC: MCA Market Size, By Application, 2015—2022 (Kiloton)
Table 14 APAC: MCA Market Size, By Application, 2015—2022 (USD Million)
Table 15 China: MCA Market Size, By Application, 2015—2022 (Kiloton)
Table 16 China: MCA Market Size, By Application, 2015—2022 (USD Million)
Table 17 India: MCA Market Size, By Application, 2015—2022 (Kiloton)
Table 18 India: MCA Market Size, By Application, 2015—2022 (USD Million)
Table 19 Japan: MCA Market Size, By Application, 2015—2022 (Kiloton)
Table 20 Japan: MCA Market Size, By Application, 2015—2022 (USD Million)
Table 21 South Korea: MCA Market Size, By Application, 2015—2022 (Kiloton)
Table 22 South Korea: MCA Market Size, By Application, 2015—2022 (USD Million)
Table 23 Indonesia: MCA Market Size, By Application, 2015—2022 (Kiloton)
Table 24 Indonesia: MCA Market Size, By Application, 2015—2022 (USD Million)
Table 25 Rest of APAC: MCA Market Size, By Application, 2015—2022 (Kiloton)
Table 26 Rest of APAC: MCA Market Size, By Application, 2015—2022 (USD Million)
Table 27 North America: MCA Market Size, By Country, 2015–2022 (Kiloton)
Table 28 North America: MCA Market Size, By Country, 2015–2022 (USD Million)
Table 29 North America: MCA Market Size, By Application, 2015–2022 (Kiloton)
Table 30 North America: MCA Market Size, By Application, 2015–2022 (USD Million)
Table 31 US: MCA Market Size, By Application, 2015–2022 (Kiloton)
Table 32 US: MCA Market Size, By Application, 2015–2022 (USD Million)
Table 33 Canada: MCA Market Size, By Application, 2015–2022 (Kiloton)
Table 34 Canada: MCA Market Size, By Application, 2015–2022 (USD Million)
Table 35 Mexico: MCA Market Size, By Application, 2015–2022 (Kiloton)
Table 36 Mexico: MCA Market Size, By Application, 2015–2022 (USD Million)
Table 37 Europe: MCA Market Size, By Country, 2015—2022 (Kiloton)
Table 38 Europe: MCA Market Size, By Country, 2015—2022 (USD Million)
Table 39 Europe: MCA Market Size, By Application, 2015—2022 (Kiloton)
Table 40 Europe: MCA Market Size, By Application, 2015—2022 (USD Million)
Table 41 Germany: MCA Market Size, By Application, 2015—2022 (Kiloton)
Table 42 Germany: MCA Market Size, By Application, 2015—2022 (USD Million)
Table 43 France: MCA Market Size, By Application, 2015—2022 (Kiloton)
Table 44 France: MCA Market Size, By Application, 2015—2022 (USD Million)
Table 45 UK: MCA Market Size, By Application, 2015—2022 (Kiloton)
Table 46 UK: MCA Market Size, By Application, 2015—2022 (USD Million)
Table 47 Italy: MCA Market Size, By Application, 2015—2022 (Kiloton)
Table 48 Italy: MCA Market Size, By Application, 2015—2022 (USD Million)
Table 49 Spain: MCA Market Size, By Application, 2015—2022 (Kiloton)
Table 50 Spain: MCA Market Size, By Application, 2015—2022 (USD Million)
Table 51 Rest of Europe: MCA Market Size, By Application, 2015—2022 (Kiloton)
Table 52 Rest of Europe: MCA Market Size, By Application, 2015—2022 (USD Million)
Table 53 MEA: MCA Market Size, By Country, 2015–2022 (Kiloton)
Table 54 MEA: MCA Market Size, By Country, 2015–2022 (USD Million)
Table 55 MEA: MCA Market Size, By Application, 2015–2022 (Kiloton)
Table 56 MEA: MCA Market Size, By Application, 2015–2022 (USD Million)
Table 57 Saudi Arabia: MCA Market Size, By Application, 2015–2022 (Kiloton)
Table 58 Saudi Arabia: MCA Market Size, By Application, 2015–2022 (USD Million)
Table 59 Turkey: MCA Market Size, By Application, 2015–2022 (Kiloton)
Table 60 Turkey: MCA Market Size, By Application, 2015–2022 (USD Million)
Table 61 UAE: MCA Market Size, By Application, 2015–2022 (Kiloton)
Table 62 UAE: MCA Market Size, By Application, 2015–2022 (USD Million)
Table 63 South Africa: MCA Market Size, By Application, 2015–2022 (Kiloton)
Table 64 South Africa: MCA Market Size, By Application, 2015–2022 (USD Million)
Table 65 Rest of MEA: MCA Market Size, By Application, 2015–2022 (Kiloton)
Table 66 Rest of MEA: MCA Market Size, By Application, 2015–2022 (USD Million)
Table 67 South America: MCA Market Size, By Country, 2015–2022 (Kiloton)
Table 68 South America: MCA Market Size, By Country, 2015–2022 (USD Million)
Table 69 South America: MCA Market Size, By Application, 2015–2022 (Kiloton)
Table 70 South America: MCA Market Size, By Application, 2015–2022 (USD Million)
Table 71 Brazil: MCA Market Size, By Application, 2015–2022 (Kiloton)
Table 72 Brazil: MCA Market Size, By Application, 2015–2022 (USD Million)
Table 73 Argentina: MCA Market Size, By Application, 2015–2022 (Kiloton)
Table 74 Argentina: MCA Market Size, By Application, 2015–2022 (USD Million)
Table 75 Rest of South America: MCA Market Size, By Application, 2015–2022 (Kiloton)
Table 76 Rest of South America: MCA Market Size, By Application, 2015–2022 (USD Million)
Table 77 Joint Venture, 2013–2017
Table 78 Acquisition, 2013–2017


List of Figures (29 Figures)

Figure 1 MCA Market Segmentation
Figure 2 MCA Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 MCA Market: Data Triangulation
Figure 6 CMC Application to Lead the MCA Market Between 2017 and 2022
Figure 7 Crystalline Form to Lead the Market Between 2017 and 2022
Figure 8 APAC to Be the Largest and Fastest-Growing Market During the Forecast Period
Figure 9 Attractive Opportunities in the MCA Market Between 2017 and 2022
Figure 10 CMC Application to Account for the Largest Market Share, 2017–2022 (Kiloton)
Figure 11 Crystalline Form to Lead the Market Between 2017 and 2022 (Kiloton)
Figure 12 CMC Was the Largest Application Segment of the APAC MCA Market in 2016
Figure 13 APAC Accounted for the Largest Market Share in 2016
Figure 14 Overview of Factors Governing the MCA Market
Figure 15 MCA Market: Porter’s Five Forces Analysis
Figure 16 Crystalline to Be the Largest Product Form Between 2017 and 2022
Figure 17 CMC to Be the Largest Application Between 2017 and 2022
Figure 18 India to Be the Fastest-Growing MCA Market
Figure 19 APAC: MCA Market Snapshot
Figure 20 North America: MCA Market Snapshot
Figure 21 Germany to Be the Leading European MCA Market
Figure 22 Akzonobel Led the MCA Market in 2016
Figure 23 Akzonobel: Company Snapshot
Figure 24 Akzonobel: SWOT Analysis
Figure 25 Daicel: Company Snapshot
Figure 26 Daicel: SWOT Analysis
Figure 27 PCC: Company Snapshot
Figure 28 PCC: SWOT Analysis
Figure 29 Archit Organosys: Company Snapshot


Request for detailed methodology, assumptions & how numbers were triangulated.

Our USP is "Customised multi client reports"-so feel free to provide us specific interest in much greater detail..!!
  • Select all
  • News-Letters with latest Market insights
  • Information & discussion on the relevant new products and services
  • Information & discussion on Market insights and Market information
  • Information & discussion on our events and conferences
    • Select all
    • Email Phone Professional and social network (Linkedin, etc)
Report Code
CH 6039
Published ON
Feb, 2018
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Monochloroacetic Acid Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved