Market Research Global Monochloroacetic Acid Market Analysis 2018

The global monochloroacetic acid market is expected grow at a significant rate during the
forecast period. The demand is driven by its usage involved in the production of glycine that is
used in the manufacture of herbicides.
Monochloroacetic acid, the general industrial name for chloroacetic acid, is a colorless and
crystalline structured mass, highly soluble in water. The chemical is reacted with ethanol,
methanol, disulphide, chloroform, ether and a number of hydrocarbons and chlorinated-
hydrocarbons, to make different solutions that find use in many applications. These are used in
solid-crystallized, solid-flaked, powdered, and liquid forms.
Rise in Demand from Asia-Pacific Region
China alone holds more than half of the consumption of monochloroacetic acid. The largest
demand is in the form of carboxy methyl cellulose (CMC), which is majorly produced by China.
Moreover, China is the major producer of glyphosate herbicide, which uses glycine. The demand
is expected to increase from the Asia-Pacific region, especially from China, India, Bangladesh,
and the South-East Asian countries, in the coming years. The growth in population and
increasing demand in the agro-based products are the major driving factors for the Asia-Pacific
market.
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Cellulose Application to Dominate the Market
The major application for monochloroacetic acid is production of Carboxymethylcellulose
(CMC). It is used in numerous applications including, detergents, cosmetics & pharmaceuticals,
etc. as thickening agent in aqueous systems. China in Asia-Pacific region is the largest producer
of CMC followed by Western Europe. Furthermore, the usage of detergents is also increasing
due to the increase in industrial activities, which is expected to boost the market for
monochloroacetic acid.
Asia-Pacific to Dominate the Monochloroacetic Acid Market
Asia-Pacific, led mainly by China, emerged as a major monochloroacetic acid consumer,
responsible for more than half of the global consumption. The growing demand from
agrochemicals, surfactants, and pharmceuticals industry and rapid industrialization in China are
expected to boost consumption rate, which will make the country a leading consumer of
monochloroacetic acid.
India, is Asias third largest producer of chemicals with a market size of USD 139 billion exports
~34% from chemical industry, which majorly includes polymers & plastics, agrochemicals, dyes,
and organic & inorganic chemicals. The country also stands as an important global player in
organic, inorganic, and agrochemicals. The increase in industrial chemical and agrochemicals
production in India will also contribute to the demand for MCA in the country.
Key Developments in the Market
May 2017: AkzoNobel and chemicals manufacturing company Atul, formally agreed to the joint
venture partnership announced last year for the production of monochloroacetic acid (MCA) in