Chloroacetic Acid Market

Chloroacetic acid is used for the production of carboxymethyl-cellulose, herbicides, thioglycolic acids, and cellulose ethers. Monochloroacetic acid (MCA) and sodium monochloroacetate (SMCA) are used in the synthesis of various agrochemicals such as herbicides and pesticides. MCA is used as an intermediate in the manufacturing of various agrochemicals including 2, 4-D, glyphosate.

Market Dynamics

The global chloroacetic acid market is mainly driven by increasing demand for the production of carboxymethylcellulose, thioglycolic acid, and glycine. A significant amount of chloroacetic acid is consumed for the production of carboxymethyl cellulose, also called cellulose gel. The use of chloroacetic acid imparts viscosity boosting and emulsion stabilization properties. Rising demand for monochloroacetic acid due to its application in the agriculture industry is driving the growth of the global chloroacetic acid market. Monochloroacetic acid is a carboxylic acid, which is formed by the chlorination of acetic acid. It is a colorless, crystalline solid and is highly soluble in water. Carboxylic acid is a useful building block in organic synthesis. Monochloroacetic acid is used for the production of thickening agent. In the agriculture industry, carboxymethyl cellulose acts as a suspending agent and is used in pesticides and sprays.

Apart from these properties, the use of monochloroacetic acid in carboxymethyl cellulose production offers an alteration of the flow and texture of the product. Such attributes impel the use of CMC in the food & beverage industry for applications such as powdered drinks, alcoholic and non-alcoholic beverages, and ice cream.

Carboxymethyl cellulose is also widely preferred over synthetic and natural glues, which is expected to drive its demand, and, in turn, increase the consumption of monochloroacetic acid for carboxymethyl cellulose production. These factors are likely to boost the revenue growth of the global chloroacetic acid market over the forecast period.

Key features of the study:

• This report provides in-depth analysis of global chloroacetic acid market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global chloroacetic acid market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include CABB GmbH, Arkema Group, Daicel Corporation, Niacet Corporation, Akzo Nobel N.V
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
• The global chloroacetic acid market report caters to various stakeholders in this industry including investors, suppliers, chloroacetic acid manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global chloroacetic acid market

Detailed Segmentation:

• Global Chloroacetic Acid Market, By Product Type:
  • Monochloroacetic Acid
    • Thioglycolic Acid
    • Carboxymethylcellulose
    • 2-4 dichlorophenoxyacetic Acid & Salts
    • Others
  • Trichloroacetic Acid
    • Cosmetics
    • Pharmaceuticals
    • Agriculture
    • Others
•  Global Chloroacetic Acid Market, By Region:
  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa
    • Middle East
    • Africa      
• Company Profile
  • CABB GmbH*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Arkema Group
  • Daicel Corporation
  • Niacet Corporation
  • Akzo Nobel N.V.

 “*” marked represents similar segmentation in other categories in the respective section