Prismane

Global Monochloroacetic Acid (MCAA) Market Demand & Forecast Analysis, 2016-2032

Introduction to Monochloroacetic Acid Market 

The global market size of Monochloroacetic Acid was valued at USD 2.15 billion in 2022, and it is projected to cross market size of USD 3.3 billion by 2032, growing at a CAGR of 3.5% during 2023-2032. Monochloroacetic Acid (MCAA) is primarily used to produce carboxymethylcellulose (CMC), which accounts for over 30% of the global Monochloroacetic Acid Market. CMC and its sodium derivative are used in the production of detergents, soaps, wallpaper adhesives and as thickener in paints and ceramics. In food industry, CMC is used as viscosity modifier, emulsifier, and thickener. The pharmaceutical industry utilises sodium CMC for treatment of tear-deficient dry eye symptoms. Monochloroacetic Acid is also used to produce Thioglycolic Acid (TGA). Cosmetics is the largest application of TGA as it is majorly used in hair removal creams and shampoos. Furthermore, Monochloroacetic Acid is used in surfactants, agrochemicals, glycerine and pharmaceuticals sector.
Global Monochloroacetic Acid Demand-Supply Analysis, 2016-2032
Global Monochloroacetic Acid Demand-Supply Analysis, 2016-2032
Source: Secondary & Primary Research and Prismane Consulting estimates

Monochloroacetic Acid Demand By Region

Asia-Pacific dominates the global Monochloroacetic Acid market accounting for over 70% of the global demand, on the back of strong agrochemicals, pharmaceuticals, and surfactants & personal care industry in the region. China is the largest consumer, accounting for more than 80% of the regional Monochloroacetic Acid demand. China is the second largest market for cosmetics in terms of consumption and market value following USA. China s hair care products industry is experiencing remarkable growth, driven by several factors. These include an increasing concern for scalp health, rising disposable income among consumers, rapid urbanization, the expansion of e-commerce, and the influential role of social media in shaping consumer preferences and choices.

The Asia Pacific region is experiencing a robust growth for Monochloroacetic demand, driven by the thriving agrochemical industry in the region. Key markets for agrochemicals in the region, including India, China, and Japan, are contributing to this growth. Several factors are fueling the expansion of the Asia Pacific agrochemical market, including the increasing need for fertilizers to enhance crop yields, rising food demand due to population growth, and favorable government incentives.
Global Monochloroacetic Acid Demand, By Application, 2016-2032
Global Monochloroacetic Acid Demand, By Application, 2016-2032

Source: Secondary & Primary Research and Prismane Consulting estimates
Furthermore, investments in the regional agrochemical industry are expected to further stimulate market growth. The agrochemical industry is poised for strong growth during the forecast period, driven by factors such as escalating food demand, soil degradation, decreasing arable land, and heightened consumer awareness of the benefits of agrochemicals. As a result, the Monochloroacetic Acid market is set to witness substantial augmentation.
Global Monochloroacetic Acid Production Capacity, By Region - 2022 (Kilo Tons)
Global Monochloroacetic Acid Capacity, By Region - 2022 (Kilo Tons)
Source: Secondary & Primary Research and Prismane Consulting estimates

Monochloroacetic Acid Manufacturers 

Key players in the monochloroacetic acid market are Nouryon, PCC Group, Shandong Minji Chemical, Niacet Corporation, CABB Chemicals, Dow Chemical, Chimcomplex, Atul Ltd, Meridian, IOL Limited, Renaissance Industries Ltd., Anugrah IN-ORG(P)  LIMITED, Teratech Chemicals, and Archit Organosis. Nouryon has Monochloroacetic Acid production facilities in Netherlands, China, India and Japan.

Monochloroacetic Acid Capacity

Asia Pacific is the largest Monochloroacetic Acid producer with installed capacity of over 1400 kilo tons in 2022, accounting for over 79% of the global Monochloroacetic Acid production capacity. Europe and North America together accounts for nearly 20% of global Monochloroacetic Acid capacity. In Asia Pacific, China is the largest Monochloroacetic Acid producer in the region accounting for around 88% of the total installed capacity in 2022. Nouryon (AkzoNobel), CABB (Shandong Lutai), Hebei Donghua, Shijiazhuang Banglong, Pingmei Group Kaifeng and Shandong Minji New Material Technology (ZIbo Dongfeng) are the leading Monochloroacetic Acid producer in China together accounting for over 40% of the total Monochloroacetic Acid capacity in the country.

Recent Developments in Monochloroacetic Acid Market

The joint venture between Nouryon and Atul (a chemical player in Ahmadabad) has started production of Monochloroacetic Acid in Anaven, Gujarat, India in April 2021 to cater the growing demand from India’s agricultural, personal care and pharmaceutical sectors. The production capacity of Anaven is around 32 Kilo Tons annually of MCAA and expansion of up to 60 Kilo Tons annually is expected in future.


Scope of Report 

The Monochloroacetic Acid report describes the global Monochloroacetic Acid market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand-Supply Analysis
•  Demand Composition, by Applications
•  Capacity & Production
•  Net Trade
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Supply Demand Balance 
•  Monochloroacetic Acid Market data in terms of volume and value for each end-use 
   at regional and country level
•  Monochloroacetic Acid Market analysis for Production, Capacity and Demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment

1.  Introduction
      •  Scope
      •  Market Coverage
          -  Applications
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2016 – 2021
          -  Base - 2022
          -  Forecast Period - 2023 – 2032
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Prismane Consulting Market Models
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources
2.  Market Synopsis 
      •  Market Evolution
      •  Demand-Supply Overview
      •  Industry Structure
      •  Strategic Issues
      •  End-use Trends
      •  Growth Forecast
3.  Economic & Energy Outlook
      •  GDP and Demographics
      •  Monetary & Fiscal Policies
      •  Crude Oil Production and prices
      •  Natural Gas
      •  Electricity Prices
4.  End-use Sector Performance
      •  Agrochemical
      •  Oil & Gas
      •  Food & Beverages
      •  Chemical & Pharmaceuticals
      •  Cosmetics
      •  Surfactants
      •  Others
5.  Plants & Projects Analysis
      •  Monochloroacetic Acid Production Capacity, by Company
      •  Monochloroacetic Acid Production Capacity, by Country and by region
      •  Capacity Overview, By Technology
6.  Introduction to Monochloroacetic Acid and Market Overview 
      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
      •  Environmental Issues
      •  Value Chain
      •  Applications
7.  Market Dynamics and Industry Trends 
      •  Market Dynamics 
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges
8.  Global Monochloroacetic Acid Demand-Supply Analysis, By Applications (Volume, Value) (2016–2032)
      •  Strategic Issues
      •  Demand-Supply Analysis and Forecast (2016 – 2032)
          -  Capacity
          -  Capacity Utilization (%)
          -  Production
          -  Imports
          -  Exports
          -  Net Trade
          -  Demand
          -  Demand Growth Rate (%)
          -  Driving Force Analysis
      •  Global Monochloroacetic Acid Market, By Applications
          -  Carboxymethylcellulose (CMC)
          -  Thioglycolic Acid (TGA)
          -  Glycerin
          -  Surfactants
          -  Agrochemicals
          -  Others
9.  Demand-Supply Analysis and Market Review, By Region, By Country (Volume, Value), (2016– 2032)
      •  Strategic Issues
      •  Capacity
      •  Capacity Utilization (%)
      •  Production
      •  Imports
      •  Exports
      •  Net Exports
      •  Demand
      •  Demand Growth Rate (%)
      •  Monochloroacetic Acid Market, By Applications
Note: Demand-Supply Analysis has been provided for all major Regions / Countries as mentioned below. The demand-supply (consumption) split by applications, has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
      •  North America
         -  USA
         -  Canada
         -  Mexico
      •  Western Europe
         -  Germany
         -  France
         -  Italy
         -  United Kingdom
         -  Spain
         -  Rest of Western Europe
      •  Central & Eastern Europe
         -  Russia
         -  Poland
         -  Rest of Central & Eastern Europe
      •  Asia-Pacific
         -  China
         -  Japan
         -  India
         -  South Korea
         -  Rest of Asia-Pacific
      •  Central & South America
      •  Middle East & Africa
Note: CAGR will be calculated for all the applications to arrive at the regional/global demand growth for the forecast period (2023 – 2032)
10.  Pricing Analysis
      •  Average Monochloroacetic Acid Prices, USD/Kg
      •  Average Monochloroacetic Acid prices, by Country 
      •  Average Monochloroacetic Acid prices, by Region
      •  Price Forecast
11.  Key Strategic Issues
12.  Business Opportunity Assessment 
      •  Market Attractiveness Assessment
      •  Prospective & Target Market Study
13.  Strategic Recommendation & Suggestions
14.  Company Analysis and Market Share Analysis
      •  Monochloroacetic Acid Manufacturers Profiles/ Company Analysis
         -  Basic Details
         - Headquarters, Key Markets
         -  Ownership
         -  Company Financial
         -  Manufacturing Bases
         -  Global Turnover
         -  Total Employee
         -  Product Portfolio / Services / Solutions
         -  Recent Developments
         -  Companies Covered
             -  Nouryon
             -  PCC Group
             -  Shandong Minji Chemical
             -  Niacet Corporation
             -  CABB Chemicals
             -  Denak Co. Ltd.
             -  Meridian Chem-Bond
             -  Terratech Chemicals (I) Pvt. Ltd.
             -  Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
15.  Appendices
      •  Demand-Supply - Regions
      •  Demand-Supply– Countries
      •  Capacities, 2016-2032


Scope of Report 

The Monochloroacetic Acid report describes the global Monochloroacetic Acid market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand-Supply Analysis
•  Demand Composition, by Applications
•  Capacity & Production
•  Net Trade
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Supply Demand Balance 
•  Monochloroacetic Acid Market data in terms of volume and value for each end-use 
   at regional and country level
•  Monochloroacetic Acid Market analysis for Production, Capacity and Demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment


Frequently Asked Questions

What is the current market size of the global Monochloroacetic Acid market?
The global market size of Monochloroacetic Acid was valued at USD 2.15 billion in 2022, and it is projected to cross market size of USD 3.3 billion by 2032, growing at a CAGR of 3.5% during 2023-2032.
Which regions dominates the global Monochloroacetic Acid market currently?
Asia-Pacific dominates the global Monochloroacetic Acid market accounting for over 70% of the global demand, on the back of strong agrochemicals, pharmaceuticals, and surfactants & personal care industry in the region. China is the largest consumer, accounting for more than 80% of the regional Monochloroacetic Acid demand.
Who are some of the key players in the global Monochloroacetic Acid market?
Key players in the monochloroacetic acid market are Nouryon, PCC Group, Shandong Minji Chemical, Niacet Corporation and CABB Chemicals. Nouryon has Monochloroacetic Acid production facilities in Netherlands, China and Japan.
What is the current production capacity for Monochloroacetic Acid in Asia Pacific?
Asia Pacific is the largest Monochloroacetic Acid producer with installed capacity of over 1400 kilo tons in 2022, accounting for over 79% of the global Monochloroacetic Acid production capacity.