Chloroacetic Acid Market, by Product Type (Monochloroacetic Acid and Trichloroacetic Acid) and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

  • Published On : Dec 2018 |
  • Pages : 115 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

 ­­­Global Chloroacetic Acid Market - Insights

Chloroacetic acid is a specialty organochlorine compound and building block in organic synthesis. Hence, it used in the production of various chemical compounds, agrochemicals, dyes, and drugs. Chloroacetic acid is used to prepare or produce industrial chemicals and is used as a thickening agent or chemical intermediate in carboxymethylcellulose (CMC) and carboxymethyl starch. It also produces thioglycolic acid and glycine, which is a major precursor to the production of glyphosate. Chloroacetic acid is a synthetic organic intermediate used as an acidic derivative such as salt, acyl chloride, ester, hydrazide, anhydride, and amide due to high reactivity of the carboxylic acid group and substitution of the direct interaction of a Cl atom.

The global chloroacetic acid market is expected to exhibit significant growth over the forecast period, owing to increasing demand for chloroacetic acid for the production of glycine. The amination of chloroacetic acid with ammonia produces glycine and glycine is used as buffering agent in antacids, analgesis, antiperspirants, and toiletries.

However, government regulations on chloroacetic acid is a major factor restraining growth of the chloroacetic acid market. For instance, according to the harmonised classification and labelling (ATP01) approved by the European Union, chloroacetic acid is toxic if swallowed or exposed to skin. Also, it causes severe skin burns and eye damage if inhaled. Furthermore, the classification provided by companies to European Chemicals Agency (ECHA) in Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) registrations helped to identify that chloroacetic acid is toxic to aquatic life with long lasting effects and may be corrosive to metals.

The global chloroacetic acid market was valued at US$ 1,403.2 Million in 2017 and is expected to register a CAGR of 6.87% in terms of revenue, over the forecast period (2018 – 2026), to reach US$ 2,654.1 Million by 2026.

Figure 1. Global Chloroacetic Acid Market Share, By Product Type, 2017

Source: Coherent Market Insights, 2017-18

Amongst product type, monochloroacetic acid segment accounted for the largest market share of 75.03% in 2017 and it is expected to increase during the forecast period. Monochloroacetic 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. The demand for agrochemicals in agriculture industry is increasing due to rising global population and this has led to increasing demand for food grains, which in turn will increase demand for chloroacetic acid. For instance, according to the India Brand Equity Foundation (IBEF), Indian agrochemical sector was valued at 2.2 billion in 2017 and it is expected to reach US$ 7.5 billion in 2019, witnessing a CAGR of 13.18% during the forecast period (2013-2019).

North America accounted for the third largest market share in the global chloroacetic acid market in 2017, owing to increasing demand for chloroacetic acid from end-use industries such as pharmaceutical, chemical, cosmetics, and agriculture. These factors are driving growth of the market in this region. Chloroacetic acid is used for the production of vitamins, malonates, synthetic caffeine, and amino acidic acid. Furthermore, growing pharmaceutical industry in the U.S. is another factor driving growth of the chloroacetic acid market. According to the International Trade Association (ITA), the total pharmaceutical sales in 2016 was valued at US$ 333 billion in the U.S.

Furthermore, chloroacetic acid is used to prepare or produce industrial chemicals and is used as a thickening agent or chemical intermediate in carboxymethyl cellulose (CMC) and carboxymethyl starch. In agrochemicals, herbicides such as glyphosate is another factor driving the market growth. It is applied to the leaves of plants to kill both broadleaf plants and grasses. The sodium salt form of glyphosate is used to regulate plant growth and ripen fruit.

Figure 2. Global Chloroacetic Acid Market Share (%), By Region, 2017

Source: Coherent Market Insights, 2017-18

Major players operating in the global chloroacetic acid market include CABB GmbH, Arkema Group, Daicel Corporation, Niacet Corporation, and Akzo Nobel N.V.

Monochloroacetic 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

Rising demand for monochloroacetic acid due to its application in agriculture industry is driving growth of the global chloroacetic acid market. Monochloroacetic acid is a carboxylic acid, which is formed by 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 agriculture industry, carboxymethyl cellulose acts as a suspending agent and is used in pesticides and sprays.

However, government regulations for chloroacetic acid is restraining growth of global chloroacetic acid market. For instance, according to the European Chemicals Agency, producers of monochloroacetic acid (MCAA), an organic chemical used as an intermediate in the manufacture of various products, have been fined as it is polluting the environment and is toxic. This decision further led to an investigation regarding alleged arrangements affecting competition in certain markets for MCAA. 

On the basis of region, Europe accounted for the second largest market share in the global chloroacetic acid market in 2017 due to significant demand of trichloroacetic acid. Rising demand for trichloroacetic acid is driving growth of the chloroacetic acid market, owing to its benefits and applications in the cosmetic industry including chemical peels and tattoo removal and topical medications for chemoablation of warts such as genital warts. For instance, according to the U.S. Department of Commerce’s International Trade Administration, France cosmetics industry was valued at US$ 18.2 billion in 2016, which increased to US$ 19.5 billion in 2017.

Key features of the study:

  • This report provides in-depth analysis of chloroacetic acid market and provides market size (US$ Millions & Kilo Tons) and compound annual growth rate (CAGR %) for the forecast period (2018 – 2026), considering 2017 as the base year
  • It elucidates potential revenue opportunity 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 approval, regional outlook, and competitive strategies adopted by key players
  • It profiles leading 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 the management authorities of the companies to make informed decision regarding their future product launch, 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 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.
        • By Product Type:
          • Monochloroacetic Acid
            • Thioglycolic Acid
            • Carboxymethylcellulose
            • 2-4 dichlorophenoxyacetic Acid & Salts
            • Others
          • Trichloroacetic Acid
            • Cosmetics
            • Pharmaceuticals
            • Agriculture
            • Others
      • Canada
        • By Product Type:
          • Monochloroacetic Acid
            • Thioglycolic Acid
            • Carboxymethylcellulose
            • 2-4 dichlorophenoxyacetic Acid & Salts
            • Others
          • Trichloroacetic Acid
            • Cosmetics
            • Pharmaceuticals
            • Agriculture
            • Others
    • Europe
      • U.K.
        • By Product Type:
          • Monochloroacetic Acid
            • Thioglycolic Acid
            • Carboxymethylcellulose
            • 2-4 dichlorophenoxyacetic Acid & Salts
            • Others
          • Trichloroacetic Acid
            • Cosmetics
            • Pharmaceuticals
            • Agriculture
            • Others
      • Germany
        • By Product Type:
          • Monochloroacetic Acid
            • Thioglycolic Acid
            • Carboxymethylcellulose
            • 2-4 dichlorophenoxyacetic Acid & Salts
            • Others
          • Trichloroacetic Acid
            • Cosmetics
            • Pharmaceuticals
            • Agriculture
            • Others
      • Italy
        • By Product Type:
          • Monochloroacetic Acid
            • Thioglycolic Acid
            • Carboxymethylcellulose
            • 2-4 dichlorophenoxyacetic Acid & Salts
            • Others
          • Trichloroacetic Acid
            • Cosmetics
            • Pharmaceuticals
            • Agriculture
            • Others
      • France
        • By Product Type:
          • Monochloroacetic Acid
            • Thioglycolic Acid
            • Carboxymethylcellulose
            • 2-4 dichlorophenoxyacetic Acid & Salts
            • Others
          • Trichloroacetic Acid
            • Cosmetics
            • Pharmaceuticals
            • Agriculture
            • Others
      • Russia
        • By Product Type:
          • Monochloroacetic Acid
            • Thioglycolic Acid
            • Carboxymethylcellulose
            • 2-4 dichlorophenoxyacetic Acid & Salts
            • Others
          • Trichloroacetic Acid
            • Cosmetics
            • Pharmaceuticals
            • Agriculture
            • Others
      • Rest of Europe
        • By Product Type:
          • Monochloroacetic Acid
            • Thioglycolic Acid
            • Carboxymethylcellulose
            • 2-4 dichlorophenoxyacetic Acid & Salts
            • Others
          • Trichloroacetic Acid
            • Cosmetics
            • Pharmaceuticals
            • Agriculture
            • Others
    • Asia Pacific
      • China
        • By Product Type:
          • Monochloroacetic Acid
            • Thioglycolic Acid
            • Carboxymethylcellulose
            • 2-4 dichlorophenoxyacetic Acid & Salts
            • Others
          • Trichloroacetic Acid
            • Cosmetics
            • Pharmaceuticals
            • Agriculture
            • Others
      • India
        • By Product Type:
          • Monochloroacetic Acid
            • Thioglycolic Acid
            • Carboxymethylcellulose
            • 2-4 dichlorophenoxyacetic Acid & Salts
            • Others
          • Trichloroacetic Acid
            • Cosmetics
            • Pharmaceuticals
            • Agriculture
            • Others
      • Japan
        • By Product Type:
          • Monochloroacetic Acid
            • Thioglycolic Acid
            • Carboxymethylcellulose
            • 2-4 dichlorophenoxyacetic Acid & Salts
            • Others
          • Trichloroacetic Acid
            • Cosmetics
            • Pharmaceuticals
            • Agriculture
            • Others
      • ASEAN
        • By Product Type:
          • Monochloroacetic Acid
            • Thioglycolic Acid
            • Carboxymethylcellulose
            • 2-4 dichlorophenoxyacetic Acid & Salts
            • Others
          • Trichloroacetic Acid
            • Cosmetics
            • Pharmaceuticals
            • Agriculture
            • Others
      • Australia
        • By Product Type:
          • Monochloroacetic Acid
            • Thioglycolic Acid
            • Carboxymethylcellulose
            • 2-4 dichlorophenoxyacetic Acid & Salts
            • Others
          • Trichloroacetic Acid
            • Cosmetics
            • Pharmaceuticals
            • Agriculture
            • Others
      • South Korea
        • By Product Type:
          • Monochloroacetic Acid
            • Thioglycolic Acid
            • Carboxymethylcellulose
            • 2-4 dichlorophenoxyacetic Acid & Salts
            • Others
          • Trichloroacetic Acid
            • Cosmetics
            • Pharmaceuticals
            • Agriculture
            • Others
      • Rest of Asia Pacific
        • By Product Type:
          • Monochloroacetic Acid
            • Thioglycolic Acid
            • Carboxymethylcellulose
            • 2-4 dichlorophenoxyacetic Acid & Salts
            • Others
          • Trichloroacetic Acid
            • Cosmetics
            • Pharmaceuticals
            • Agriculture
            • Others
    • Latin America
      • Brazil
        • By Product Type:
          • Monochloroacetic Acid
            • Thioglycolic Acid
            • Carboxymethylcellulose
            • 2-4 dichlorophenoxyacetic Acid & Salts
            • Others
          • Trichloroacetic Acid
            • Cosmetics
            • Pharmaceuticals
            • Agriculture
            • Others
      • Mexico
        • By Product Type:
          • Monochloroacetic Acid
            • Thioglycolic Acid
            • Carboxymethylcellulose
            • 2-4 dichlorophenoxyacetic Acid & Salts
            • Others
          • Trichloroacetic Acid
            • Cosmetics
            • Pharmaceuticals
            • Agriculture
            • Others
      • Rest of Latin America
        • By Product Type:
          • Monochloroacetic Acid
            • Thioglycolic Acid
            • Carboxymethylcellulose
            • 2-4 dichlorophenoxyacetic Acid & Salts
            • Others
          • Trichloroacetic Acid
            • Cosmetics
            • Pharmaceuticals
            • Agriculture
            • Others
    • Middle East
      • GCC
        • By Product Type:
          • Monochloroacetic Acid
            • Thioglycolic Acid
            • Carboxymethylcellulose
            • 2-4 dichlorophenoxyacetic Acid & Salts
            • Others
          • Trichloroacetic Acid
            • Cosmetics
            • Pharmaceuticals
            • Agriculture
            • Others
      • Israel
        • By Product Type:
          • Monochloroacetic Acid
            • Thioglycolic Acid
            • Carboxymethylcellulose
            • 2-4 dichlorophenoxyacetic Acid & Salts
            • Others
          • Trichloroacetic Acid
            • Cosmetics
            • Pharmaceuticals
            • Agriculture
            • Others
      • Rest of Middle East
        • By Product Type:
          • Monochloroacetic Acid
            • Thioglycolic Acid
            • Carboxymethylcellulose
            • 2-4 dichlorophenoxyacetic Acid & Salts
            • Others
          • Trichloroacetic Acid
            • Cosmetics
            • Pharmaceuticals
            • Agriculture
            • Others
    • Africa
      • Northern Africa
        • By Product Type:
          • Monochloroacetic Acid
            • Thioglycolic Acid
            • Carboxymethylcellulose
            • 2-4 dichlorophenoxyacetic Acid & Salts
            • Others
          • Trichloroacetic Acid
            • Cosmetics
            • Pharmaceuticals
            • Agriculture
            • Others
      • Central Africa
        • By Product Type:
          • Monochloroacetic Acid
            • Thioglycolic Acid
            • Carboxymethylcellulose
            • 2-4 dichlorophenoxyacetic Acid & Salts
            • Others
          • Trichloroacetic Acid
            • Cosmetics
            • Pharmaceuticals
            • Agriculture
            • Others
      • South Africa
        • By Product Type:
          • Monochloroacetic Acid
            • Thioglycolic Acid
            • Carboxymethylcellulose
            • 2-4 dichlorophenoxyacetic Acid & Salts
            • Others
          • Trichloroacetic Acid
            • Cosmetics
            • Pharmaceuticals
            • Agriculture
            • Others
  • Company Profiles
    • 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.

Table of Contents

  1. Research Objective and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
      • New Product Approvals/Launches
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Chloroacetic Acid Market, By Product Type, 2016-2026 (US$ Million & Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, 2018-2026
      • Segment Trends
    • Monochloroacetic Acid
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Million & Kilo Tons)
      • Sub-segment Trends
        • Thioglycolic Acid
        • Carboxymethylcellulose
        • 2-4 dichlorophenoxyacetic Acid & Salts
        • Others
    • Trichloroacetic Acid
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Million & Kilo Tons)
      • Sub-segment Trends
        • Cosmetics
        • Pharmaceuticals
        • Agriculture
        • Others
  5. Global Chloroacetic Acid Market, By Region, 2016-2026 (US$ Million & Kilo Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, For Regions, 2018 - 2026
    • North America
      • Market Share Analysis, By Country, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, By Country, 2018 - 2026
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016- 2026 (US$ Million & Kilo Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016- 2026  (US$ Million & Kilo Tons)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, By Country, 2018 - 2026
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016- 2026  (US$ Million & Kilo Tons)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016- 2026  (US$ Million & Kilo Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016- 2026  (US$ Million & Kilo Tons)
        • France
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016- 2026  (US$ Million & Kilo Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016- 2026  (US$ Million & Kilo Tons)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016- 2026  (US$ Million & Kilo Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, By Country, 2018 - 2026
        • China
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016- 2026  (US$ Million & Kilo Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016- 2026  (US$ Million & Kilo Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016- 2026  (US$ Million & Kilo Tons)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016- 2026  (US$ Million & Kilo Tons)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016- 2026  (US$ Million & Kilo Tons)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016- 2026  (US$ Million & Kilo Tons)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016- 2026  (US$ Million & Kilo Tons)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, By Country, 2018 - 2026
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016- 2026  (US$ Million & Kilo Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016- 2026  (US$ Million & Kilo Tons)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016- 2026  (US$ Million & Kilo Tons)
    • Middle East
      • Market Share Analysis, By Country, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, By Country, 2018 - 2026
        • GCC
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016- 2026  (US$ Million & Kilo Tons)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016- 2026  (US$ Million & Kilo Tons)
        • Rest of Middle East
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016- 2026  (US$ Million & Kilo Tons)
    • Africa
      • Market Share Analysis, By Country, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, By Country, 2018 - 2026
        • Northern Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016- 2026  (US$ Million & Kilo Tons)
        • Central Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016- 2026  (US$ Million & Kilo Tons)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2016- 2026  (US$ Million & Kilo Tons)
  6. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • CABB GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Arkema Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Daicel Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Niacet Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Akzo Nobel N.V.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • Analyst Views
  7. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 21 market data tables* and 44 figures* on "Chloroacetic Acid Market” - Global forecast to 2026.

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