Monochloroacetic acid or MCA is an important organic compound that is used as an intermediate in the production of numerous industrially significant compounds. It finds wide application in the manufacturing of agrochemicals such as 2,4-D and other herbicides as well as other chemicals and derivatives. MCA is a key raw material in the production of carboxymethyl cellulose (CMC), which is used in various personal care and household products due to its thickening, stabilizing and emulsifying properties. Rising demand for CMC from industries such as food & beverages, paints & coatings, detergents and others is projected to augment the demand for monochloroacetic acid over the forecast period.
The global Monochloroacetic Acid Market is estimated to be valued at US$ 941.62 Mn in 2024 and is expected to exhibit a CAGR of 25% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity: The growing use of CMC in various industries has emerged as a major market opportunity for monochloroacetic acid manufacturers. Carboxymethyl cellulose finds widespread use in food & beverages industry for its thickening and stabilizing properties. It is used in sauces, soups and as stabilizers in dairy products such as ice creams and yogurts. With rising global consumption of processed food, the demand for CMC is expected to rise substantially. This presents lucrative growth opportunity for monochloroacetic acid market players. The global CMC market was valued at over US$ 1.1 billion in 2021 and is estimated to grow at over 6% CAGR from 2022 to 2030. Thus, increasing demand for CMC from food and beverage industry will drive the monochloroacetic acid market growth over the forecast period.
Porter's Analysis
Threat of new entrants: The Monochloroacetic Acid market requires large capital investments for setting up production facilities and distribution networks. Existing players enjoy economies of scale which poses entry barriers for new players.
Bargaining power of buyers: The bargaining power of buyers is moderate as Monochloroacetic Acid has applications across varied end-use industries like herbicides, food preservatives, etc. Buyers can negotiate on price and demand value-added services.
Bargaining power of suppliers: Major raw materials used are chlorine and acetic acid. The bargaining power of suppliers is high due to limited number of suppliers for these raw materials in the global market.
Threat of new substitutes: There exist few substitutes for Monochloroacetic acid in end-use industries. However, continuous R&D opens up opportunities for new substitute products.
Competitive rivalry: The market exhibits high competitive rivalry with major brands competing on pricing, production capacity, and new product developments.
SWOT Analysis
Strengths: Wide applications in agrochemicals and pharmaceutical industries. Growing demand from emerging economies.
Weaknesses: High manufacturing and transportation costs. Stringent environmental regulations during production.
Opportunities: Increasing adoption in personal care and surfactants industries. Growing research in novel applications.
Threats: Price volatility of raw materials. Trade barriers imposed by governments.
Key Takeaways
The global Monochloroacetic Acid market is expected to witness high growth over the forecast period of 2023-2030 backed by rising demand from agrochemicals sector. The global Monochloroacetic Acid Market is estimated to be valued at US$ 941.62 Mn in 2024 and is expected to exhibit a CAGR of 25% over the forecast period 2023 to 2030.
Regional analysis: Asia Pacific dominates the global MCA market and accounted for over 40% share in 2024 led by countries like China and India. Growth in the region is driven by robust agrochemical industry and rising population. North America and Europe also have prominent shares in the global market due to well-established end-use industries.
Key players: Key players operating in the Monochloroacetic Acid market are AkzoNobel N.V., CABB Group GmbH, Niacet Corporation, and Denak Co. Ltd. AkzoNobel N.V. leads the global market with its wide product portfolio and global distribution network. The market is characterized by both global and regional vendors vying for larger market shares through capacity expansions and new product developments.
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The Global Monochloroacetic Acid (MCA) Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on application.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Leading Segment in this market:By Application – CellulosicsBy Geography – Asia Pacific (APAC)Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Monochloroacetic Acid (MCA) Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/9670-monochloroacetic-acid-mca-market-reportThe report also covers the complete competitive landscape of the global Monochloroacetic Acid (MCA) market with company profiles of key players such as:AkzoNobel N.V.CABB GmbHDaicel CorporationDenak Co., LtdThe Dow Chemical CompanyMCAA SENiacet CorporationXuchang Dongfang Chemical Co. Ltd.A detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Applications:CellulosicsAgrochemicalsSurfactantsThioglycolic AcidOthers (Cyanoacetic Acid, Phenoxyacetic Acid, Etc.
)By Geography:North America (NA)Europe (EU)Asia Pacific (APAC)Rest of the World (RoW)Download Free Sample Report of Global Monochloroacetic Acid (MCA) Market @ https://www.decisiondatabases.com/contact/download-sample-9670The Global Monochloroacetic Acid (MCA) Market has been exhibited in detail in the following chapters –Chapter 1 Monochloroacetic Acid (MCA) Market PrefaceChapter 2 Executive SummaryChapter 3 Monochloroacetic Acid (MCA) Industry AnalysisChapter 4 Monochloroacetic Acid (MCA) Market Value Chain AnalysisChapter 5 Monochloroacetic Acid (MCA) Market Analysis By ApplicationsChapter 6 Monochloroacetic Acid (MCA) Market Analysis By GeographyChapter 7 Competitive Landscape Of Monochloroacetic Acid (MCA) CompaniesChapter 8 Company Profiles Of Monochloroacetic Acid (MCA) IndustryPurchase the complete Global Monochloroacetic Acid (MCA) Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-9670Other Reports by DecisionDatabases.com:Global Stearic Acid Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Acrylic Acid Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Sulfuric Acid Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
