Rise in Demand for Carboxymethyl Cellulose in Oil Drilling Activities Estimated to Drive Global and United States Monochloroacetic Acid (MCAA) Market: Ken Research

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Monochloroacetic acid or MCAA is an intermediate for diverse chemical products. MCAA is a colorless crystalline material produced by chlorinating acetic acid in the presence of catalyst. It is available in three crystal modifications: alpha, beta, and gamma. It is largely used in the manufacture of carboxymethyl cellulose, which is water-soluble cellulose ether and used as a thickening agent in aqueous systems. MCAA is employed as a raw material in the production of thioglycolic acid, which is utilized as stabilizer for polyvinyl chloride. It is also used in the manufacture of crop-protection chemicals for instance phenoxyacetic acid herbicide.  MCAA is widely used in the manufacture of amphoteric surfactants such as imidazolines and betaines. Additionally, it is used to produce chemicals, such as mercaptoacetic acid, chloroacetamide, aminoacetic acid, coumarin, cyanoacetic acid, and malonic acid. Furthermore, it is comprehensively employed in the production of glycines, which are further used in the production of flavoring agents, pet food, and medicines such as aspirin.

Referring to study, Global and United States Monochloroacetic Acid (MCAA) Market: By form (Crystalline, Liquid and Flakes); By application (Carboxymethylcellulose (CMC), Agrochemicals, Surfactants, Thioglycolic Acid (TGA) and others) and Region –Analysis of Market Size, Share and Trends for 2014 – 2019 and Forecasts to 2030 the key players operating in the global and United States Monochloroacetic Acid (MCAA) market are Niacet Corporation, Shandong Minji Chemical Co., Ltd., AkzoNobel N.V., CABB GmbH, PCC SE, Denak Co. Ltd., and Jubilant Life Sciences Limited. These key players engage in collaborations, geographical expansion, mergers & acquisitions (M&A), and launch of new products.

Based on application, Monochloroacetic Acid (MCAA) market is segmented as drugs (USP Grade Glycine and others (Ibuprofen)), production of chemicals compounds (Technical Grade Glycine, Thioglycolic Acid, Carboxymethylcellulose, and others (Cyanoacetic Acid, Betaine, Glycolic Acid)), Herbicides & Insecticides (Technical Grade Glycine, 2, 4 dichlorophenoxyacetic acid (2,4-D), 2,4,5-T and others (Dimethoate and MCPA)) and others (Amphoteric Surfactants, Indigo Dyes). In addition, based on end-use, market is segmented as chemical industry (specialty chemicals, agrochemicals and others (dyes, polymers, detergents, pulp & paper), pharmaceutical industry, personal care industry, food & beverage industry, and others (oil & gas industry).

The Monochloroacetic Acid (MCAA) market is driven by rise in demand for carboxymethyl cellulose (CMC) in oil drilling activities, followed by growth in agrochemicals demand, surge in monochloroacetic acid demand, rise in iron ore & taconite mining activities, increase in disposable income, rise in demand from the agrochemicals & personal care industry and increase in activities such as oil and gas exploration as well as expansion. However, volatility of raw material prices may impact the market. Moreover, increase in usage of cyanoacetic acid and rise in demand from the construction industry of emerging economies are key opportunities for market.

Based on geography, the Asian-Pacific is a leading region in global Monochloroacetic Acid (MCAA) market owing to increase in industrialization in the region. Additionally, the United States also holds major share in global market due to growth in population and rise in demand for MCA in the formulation of CMC, agrochemicals, and surfactants used in industries for instance construction and agriculture. It is predicted that future of the global and Japan MCAA market will be bright as a result of higher prospects for growth in personal care applications and high demand for agrochemicals & carboxymethyl cellulose during the forecast period.

For More Information, refer to below link:-

Global and United States Monochloroacetic Acid (MCAA) Market

Related Report:-

Global Monochloroacetic Acid (MCAA) Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)

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Ken Research
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