☰
✕

Chloroacetic acid market

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, 2022 - 2030

Request Free Sample
  • Dec 2022
  • CMI2347
  • 115 Pages
  • Excel & Pdf
  • Specialty and Fine Chemicals

Chloroacetic acid is a specialty organochlorine compound and a building block in organic synthesis. Hence, it is 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.

Global chloroacetic acid market was valued at US$ 1575.6 Million in 2021 in terms of revenue, exhibiting a CAGR of 6.47% during the forecast period (2022 to 2030).

Drivers

Chloroacetic acid is a synthetic organic intermediate used as an acidic derivative such as salt, acyl chloride, ester, hydrazide, anhydride, and amide due to the high reactivity of the carboxylic acid group and substitution of the direct interaction of a Chlorine 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 a buffering agent in antacids, analgesics, antiperspirants, and toiletries.

Growing application of this chemical in end-use industries such as healthcare, petrochemical, textiles, and personal care is expected to be a promising factor for the market.

Increasing use of the chloroacetic acid and its derivatives in tin stabilizers for processing polyvinyl chloride, in oil field applications and surfactants, is expected to be a favorable factor. In addition, it constitutes industrial applications for manufacturing cellulose ethers, herbicides, and thioglycolic acid.

The recent outbreak of coronavirus had a negative impact on the chloroacetic acid market. The severe disruptions in various manufacturing and supply-chain operations due to the various precautionary lockdowns imposed by governments to curb the spread of disease led to huge financial setbacks for the global chloroacetic acid market.

Figure 1. Global Chloroacetic Acid Market Value Share (%), By Region, 2021

Market Restraints

However, government regulations on chloroacetic acid is a major factor restraining the growth of the global chloroacetic acid market. For instance, according to the harmonized classification and labeling (ATP01) approved by the European Union in 2020, chloroacetic acid is toxic if swallowed or exposed to the skin. Also, it causes severe skin burns and eye damage if inhaled. Furthermore, the classification provided by companies to the 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.

Chloroacetic Acid Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 1575.6 Mn 
Historical Data for: 2017-2020 Estimated Year: 2022
Forecast Period 2022 to 2030 CAGR: 6.47% Forecast Period: 2022-2030
Geographies covered:
  • By Region: North America, Latin America, Europe, Asia Pacific, Middle East & Africa
Segments covered:
  • By Product Type: Monochloroacetic Acid (Thioglycolic Acid, Carboxymethylcellulose, 2-4 dichlorophenoxyacetic Acid & Salts, Others), Trichloroacetic Acid (Cosmetics, Pharmaceuticals, Agriculture, Others)
Companies covered:

CABB GmbH, Arkema Group, Daicel Corporation, Niacet Corporation, and Akzo Nobel N.V.
Growth Drivers:
  • Increasing demand for chloroacetic acid for the production of glycine
Restraints & Challenges:
  • Government regulations on chloroacetic acid

Market Trends

The Chloroacetic Acid Market growth is attributed to factors such as increasing demand for the production of carboxymethylcellulose, thioglycolic acid, herbicides, insecticides, and glycine driving the market growth. Furthermore chloroacetic acid is an important compound in the chemical industry, a major portion is used for the production of carboxymethylcellulose (CMC) which is widely used as a thickening agent in the food industry and will boost the market growth.

Herbicide and laundry agents are two other significant application segments that further drive market growth. In addition, the rising iron ore mining activities and taconite pose new opportunities for the Global Chloroacetic Acid Market. Also, chloroacetic acid is gaining recognition as an effective alternative to cryotherapy for common and plantar warts in primary care to avoid pain during the treatment which is propelling the growth of the market.

Figure 2. Global Chloroacetic Acid Market Value Share (%), By Product Type, 2021      

         

Recent Developments

  • In December 2021, PCC MCAA Sp. z o.o., a leading manufacturer of monochloroacetic acid in Europe expanded the value stream of the Chlorine sector. It also allows for backward vertical integration, as monochloroacetic acid (MCAA) is a raw material used in the manufacturing of betaine in its Surfactants division. Ultra-pure MCAA is largely utilized as an intermediary in the production of personal care products, but it is also employed in the agriculture, food, and pharmaceutical sectors.
  • In October 2021, Akzo Nobel, a U.K. multinational company that produces paints and performance coatings, obtained a patent for the technique of producing monochloroacetic acid. This invention relates to a reactive distillation method for producing monochloroacetic acid utilizing chlorine and acetic acid in the presence of an acid catalyst. The method, as well as the requisite reactive distillation apparatus, is less complicated than conventional reactors, and it produces a monochloroacetic acid product with a low proportion of over-chlorinated compounds.

 Competitive Section

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

 

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • PEST Analysis
      • PORTER’s Five Forces Analysis
      • Market Opportunities
      • Regulatory Scenario
      • Key Developments
      • Industry Trend
  4. Global Chloroacetic Acid Market - Impact of Coronavirus (COVID-19) Pandemic
    • Overview
    • Factors Affecting Global Chloroacetic Acid Market – COVID-19
    • Impact Analysis
  5. Global Chloroacetic Acid Market, By Product Type, 2017-2030 (US$ Million)
    • Introduction
      • Market Share Analysis, 2022, 2025, and 2030 (%)
      • Y-o-Y Growth Analysis, 2017 - 2030
      • Segment Trends
    • Monochloroacetic Acid
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
      • Sub segments
        • Thioglycolic Acid
        • Carboxymethylcellulose
        • 2-4 dichlorophenoxyacetic Acid & Salts
        • Others
    • Trichloroacetic Acid
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
      • Sub segments
        • Cosmetics
        • Pharmaceuticals
        • Agriculture
        • Others
  6. Global Chloroacetic Acid Market, By Region, 2017-2030 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2022, 2025, and 2030 (%)
      • Y-o-Y Growth Analysis, For Region, 2017 - 2030
    • North America
      • Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
      • Y-o-Y Growth Analysis, By Country, 2017 – 2030
      • Market Size and Forecast, By Product Type, 2017- 2030 (US$ Million)
      • Countries
        • U.S.
        • Canada
    • Latin America
      • Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
      • Y-o-Y Growth Analysis, By Country, 2017 – 2030
      • Market Size and Forecast, By Product Type, 2017- 2030 (US$ Million)
      • Countries
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Europe
      • Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
      • Y-o-Y Growth Analysis, By Country, 2017 – 2030
      • Market Size and Forecast, By Product Type, 2017- 2030 (US$ Million)
      • Countries
        • France
        • Germany
        • Italy
        • Spain
        • U.K.
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
      • Y-o-Y Growth Analysis, By Country, 2017 – 2030
      • Market Size and Forecast, By Product Type, 2017- 2030 (US$ Million)
      • Countries
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Middle East & Africa
      • Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
      • Y-o-Y Growth Analysis, By Country, 2017 – 2030
      • Market Size and Forecast, By Product Type, 2017- 2030 (US$ Million)
      • Countries
        • Middle East
        • Africa
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • CABB GmbH
        • Company Overview
        • Product Portfolio
        • Recent Developments/Updates
      • Arkema Group
        • Company Overview
        • Product Portfolio
        • Recent Developments/Updates
      • Daicel Corporation
        • Company Overview
        • Product Portfolio
        • Recent Developments/Updates
      • Niacet Corporation
        • Company Overview
        • Product Portfolio
        • Recent Developments/Updates
      • Akzo Nobel N.V.
        • Company Overview
        • Product Portfolio
        • Recent Developments/Updates
  8. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

* Browse 50 market data tables* and 40 figures* on “Global Chloroacetic Acid Market” - forecast to 2030.

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
      • Spain
        • 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
    • Latin America
      • Brazil
        • By Product Type:
          • Monochloroacetic Acid
            • Thioglycolic Acid
            • Carboxymethylcellulose
            • 2-4 dichlorophenoxyacetic Acid & Salts
            • Others
          • Trichloroacetic Acid
            • Cosmetics
            • Pharmaceuticals
            • Agriculture
            • Others
      • Argentina
        • 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
    • 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
      • South Korea
        • 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
      • Rest of Asia Pacific
        • By Product Type:
          • Monochloroacetic Acid
            • Thioglycolic Acid
            • Carboxymethylcellulose
            • 2-4 dichlorophenoxyacetic Acid & Salts
            • Others
          • Trichloroacetic Acid
            • Cosmetics
            • Pharmaceuticals
            • Agriculture
            • Others
    • Middle East & Africa
      • Middle East
        • By Product Type:
          • Monochloroacetic Acid
            • Thioglycolic Acid
            • Carboxymethylcellulose
            • 2-4 dichlorophenoxyacetic Acid & Salts
            • Others
          • Trichloroacetic Acid
            • Cosmetics
            • Pharmaceuticals
            • Agriculture
            • Others
      • Africa
        • By Product Type:
          • Monochloroacetic Acid
            • Thioglycolic Acid
            • Carboxymethylcellulose
            • 2-4 dichlorophenoxyacetic Acid & Salts
            • Others
          • Trichloroacetic Acid
            • Cosmetics
            • Pharmaceuticals
            • Agriculture
            • Others
- Frequently Asked Questions -

What was the global chloroacetic acid market size in 2021?

Global chloroacetic acid market was valued at around US$ 1575.6 Million in 2021

What are the major factors that are expected to drive growth of the market during the forecast period?

Increasing demand for chloroacetic acid for the production of glycine is one of the major factors that is expected to propel the growth of the market over the forecast period

What are the trends in the market?

Increasing use of chloroacetic acid in herbicides and laundry agents are two other significant application segments that are some of the main trends in the market. 

What are the key factors hampering the growth of market?

Government regulations on chloroacetic acid is a major factor restraining the growth of the market.

Which are the key players in the market?

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

What is the estimated CAGR for the market?

The market is estimated to grow at around 6.47% CAGR during the forecast period (2022-2030).
© 2024 Coherent Market Insights Pvt Ltd. All Rights Reserved.
Buy Now with Special Discount
Customize Now