Chloroacetic Acid Market Size, Share, Outlook, and Opportunity Analysis, 2018-2026 - PowerPoint PPT Presentation

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Chloroacetic Acid Market Size, Share, Outlook, and Opportunity Analysis, 2018-2026

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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 – PowerPoint PPT presentation

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Title: Chloroacetic Acid Market Size, Share, Outlook, and Opportunity Analysis, 2018-2026


1
Chloroacetic Acid Market - Global Industry
Insight, Trends, Outlook, and Opportunity
Analysis 2018-2026

2
REPORT DESCRIPTION
Chloroacetic Acid Market Overview
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. 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.
3
REPORT DESCRIPTION
  • Chloroacetic Acid Market Taxonomy
  • Global Chloroacetic Acid Market, By Product Type
  • Monochloroacetic Acid
  • Thioglycolic Acid
  • Carboxymethylcellulose
  • 2-4 dichlorophenoxyacetic Acid Salts
  • Others
  • Trichloroacetic Acid
  • Cosmetics
  • Pharmaceuticals
  • Agriculture
  • Others
  • Request sample Copy of this Reporthttps//www.coh
    erentmarketinsights.com/insight/request-sample/234
    7


4
REPORT DESCRIPTION
Chloroacetic Acid Market Regional
Insights 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. To Get PDF of this
Report https//www.coherentmarketinsights.com/ins
ight/request-pdf/2347
5
ABOUT COHERENT MARKET INSIGHTS
ABOUT US
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