Monochloroacetic Acid Market 2020 – 2027: AkzoNobel N.V., CABB GmbH, Daicel Corporation, Denak Co. Ltd. and more.

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Monochloroacetic Acid Market To Reach USD 1.10
Billion By 2026
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Market Summary
The development of construction industries owing
to the growth in population is propelling the
market growth. Market Size USD 0.82 Billion
in 2018, Market Growth - CAGR of 3.8, Market
Trends  The advent of agrochemicals as
pesticides. 
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Our Approach
Market Summary

• The global monochloroacetic acid market is
  forecast to reach USD 1.10 Billion by 2026,
  according to a new report by Reports and Data.
  Monochloroacetic acid (MCAA) is a colorless
  material, which is highly soluble in water and in
  organic solvents. The vapor pressure at room
  temperature is moderate. It has a pungent odor.
  MCAA being acidic, therefore, can cause skin
  irritation upon contact with a MCAA solution and
  can cause skin corrosion and conjunctival burns
  upon contact with more concentrated solutions.
  The systemic toxicity of MCAA is caused by
  inhibition of certain enzymes of the glycolytic
  cycle.
• The major industrial use of Monochloroacetic acid
  is in the manufacture of carboxymethyl cellulose
  (CMC). CMC is used in a broad range of
  applications, including textiles, food,
  detergents, pharmaceuticals, drilling muds,
  coatings, and cosmetics. The market for
  Monochloroacetic acids is influenced by the
  rising demand for home cleaning products, the
  evolution of environment friendly chemicals
  required by textile industries, and the
  development of pharmaceutical industries, which
  require large Monochloroacetic acids.
• The above-mentioned factors together create
  opportunities for market growth, while factors
  such as environment-detrimental effects of
  Monochloroacetic acids pose limitations in the
  market. These restraining factors include
  hazardous effects to humans and can cause skin as
  well as eye diseases. Consistent developments in
  the Monochloroacetic Acid Market owing to
  innovative efforts have enhanced the productivity
  as well as safety features of Monochloroacetic
  acids.
• The populace of Asia Pacific has been shifting
  towards the youth, and the purchasing potential
  of this population is also increasing. The
  developing countries are looking at China and
  India as global market leaders. These countries
  consist of over 40 population across the globe,
  and rising industries such as textiles, personal
  care, and pharmaceuticals shall further surge the
  market growth in this region.

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Our Approach
Market Summary

• Key participants include AkzoNobel N.V., CABB
  GmbH, Daicel Corporation, Denak Co. Ltd., The Dow
  Chemical Company, PCC SE, Niacet Corporation,
  Xuchang Dongfang Chemical Co. Ltd., Shandong
  Minji Chemical Co. Ltd., and Shiv Chem
  Industries, among others.
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  /2003
• Segments covered in the report
• Process Type Outlook (Volume, Kilo Tons
  Revenue, USD Billion 2016-2026)
• Chlorination
• Hydrolysis
• Product Type Outlook (Volume, Kilo Tons
  Revenue, USD Billion 2016-2026)
• Dry Powder
• Liquid
• Pellets
• Others

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Our Approach
Market Summary

• Applications Outlook (Volume, Kilo Tons Revenue,
  USD Billion 2016-2026)
• Cellulosics
• Agrochemicals
• Surfactants
• Thioglycolic Acid
• Others
• Major Geographies Covered in the Monochloroacetic
  Acid Market Report
• North America (U.S., Canada)
• Latin America (Chile, Brazil, Argentina, Rest of
  Latin America)
• Europe (U.K., Italy, Germany, France, Rest of
  EU)
• Asia Pacific (India, Japan, China, South Korea,
  Australia, Rest of APAC)
• Middle East Africa (Saudi Arabia, U.A.E.,
  South Africa, Rest of MEA)
• To get a Discount on the Monochloroacetic Acid
  Market Report, Click _at_ https//www.reportsanddata.
  com/discount-enquiry-form/2003

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Our Approach
Market Summary

• Further key findings from the report suggest
• Hydrolysis procedure is utilized in the
  production of Monochloroacetic acid, which is
  seen to observe a CAGR of 3.4 in the forecast
  period. The hydrolysis of trichloroethylene
  produces high-purity Monochloroacetic acid but
  has the drawback of utilizing a relatively more
  expensive starting material.
• MCA is used to make surfactants, particularly
  mild betaine amphoteric surfactants. In the
  textile industry, a surfactant is used for
  processes such as scouring, dyeing, and
  finishing. Surfactants are estimated to have a
  CAGR of 4.3 during the forecast period.
• Cellulosics have held a market share of 31.2 in
  the year 2018. Cellulosic is a polysaccharide
  that comprises of glucose monomers and is the
  main constituent of the cell walls of plants. It
  is usable in the manufacture of numerous
  products, including paper, textiles,
  pharmaceuticals, and insulation.
• Asia Pacific is forecasted to witness the highest
  CAGR of 4.2 during the forecast period.
  Countries like India, China, and Japan are
  rapidly catching up with the growth in the
  Monochloroacetic acid market. Agrochemical
  production and chemical consumption have
  increased in this region.
• Read More _at_ https//www.reportsanddata.com/report-
  detail/monochloroacetic-acid-market

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Our Approach
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