The global monochloroacetic acid market size reached US$ 921.1 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,255.4 Million by 2032, exhibiting a growth rate (CAGR) of 3.4% during 2024-2032.
Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 921.1 Million |
Market Forecast in 2032
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US$ 1,255.4 Million |
Market Growth Rate 2024-2032 | 3.4% |
Also known as chloroacetic acid, monochloroacetic acid (C2H3ClO2) is a colorless crystalline compound that is produced by the chlorination of acetic acid. It is generally stored in the form of flakes and aqueous solutions for easy transportation. As it is soluble in water and organic solvents, it is widely used as an herbicide, preservative and bacteriostat. It is also utilized as an intermediate in the production of other chemicals, such as carboxymethylcellulose (CMC), phenoxyacetic acid and thioglycolic acid (TGA).
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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The market is being driven by the extensive utilization of monochloroacetic acid (MCA) in various end-use industries. Due to rapid industrialization, growing population and a decrease in the availability of arable land, there is a rise in the sales of agrochemicals to boost farm production. As MCA is utilized in the production of herbicides, fertilizers and pesticides, including CMC and TGA, this trend has spurred its demand in the agrochemical industry. It also finds applications in the pharmaceutical and cosmetics industries around the world. Moreover, as MCA is a potent keratolytic and caustic topical agent, it is utilized in the production of numerous drugs and the treatment of skin lesions and atherosclerosis. MCAA is also gaining preference as an alternative to cryotherapy for common and plantar warts in primary care as it effectively reduces pain during the treatment. Furthermore, it is employed as an intermediate in the textile industry; in the production of several hair products in the personal care industry; and in the manufacturing of polyvinyl chloride (PVC) resins in the plastics industry. These applications, along with the increasing research and development (R&D) activities to produce novel products, are expected to bolster the market growth in the coming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global monochloroacetic acid market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on process type, product form, application and end-use industry.
Breakup by Process Type:
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Breakup by Product Form:
Breakup by Application:
Breakup by End-Use Industry:
Breakup by Region:
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The report has also analysed the competitive landscape of the market with some of the key players being Archit Organosys, CABB Group GmbH, Denak Co. Ltd., Meridian Chem Bond Pvt. Ltd., Niacet Corporation (Kerry Group plc), PCC Rokita SA and Shandong Minji New Material Technology Co. Ltd.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Million |
Segment Coverage | Process Type, Product Form, Application, End-Use Industry, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | Archit Organosys, CABB Group GmbH, Denak Co. Ltd., Meridian Chem Bond Pvt. Ltd., Niacet Corporation (Kerry Group plc), PCC Rokita SA, Shandong Minji New Material Technology Co. Ltd. |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |