Monochloroacetic Acid Price Trend

Monochloroacetic Acid Prices December 2023

In the last quarter of 2023, prices of MCAA in the U.S. market dropped, primarily because of reduced feedstock material costs, e.g. Acetic acid and Acetic anhydride. This lowering of cost associated with production led to the bearish market sentiments for monochloroacetic acid. Subsequently, the monochloroacetic acid FOB Houston was settled at 1274 USD/MT during December 2023.

At the close of Q4 2023, China's monochloroacetic acid market faced increasing supply and declining costs amidst weak demand. Limited cost pressures from feedstock Acetic acid kept prices low, contributing to a downtrend in the domestic market. Demand from the agrochemical and surfactant sectors remained low due to an off-season slowdown, nurturing bearish sentiments among manufacturers. Overseas demand was also weak, and end-of-year destocking led manufacturers to keep prices competitive. As a result, monochloroacetic acid FOB Qingdao prices settled at 557 USD/MT in December 2023.

In Q4 2023, Germany's energy-intensive sectors stagnated, leading to reduced monochloroacetic acid production costs due to lower TTF Natural Gas prices and mild winter effects. Demand from agrochemical and surfactant industries remained low, with the German manufacturing PMI indicating a continued economic slowdown. Consequently, monochloroacetic acid FOB Hamburg prices settled at 1036 USD/MT in December 2023.

Monochloroacetic Acid Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Monochloroacetic Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of monochloroacetic acid pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of monochloroacetic acid at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of monochloroacetic acid price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing monochloroacetic acid price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Monochloroacetic Acid Market Analysis

The global monochloroacetic acid market size reached US$ 921.1 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 1255.4 Million, at a projected CAGR of 3.40% during 2023-2032.

• The expanding pharmaceutical and agrochemical industries, where MCA is used extensively to produce vital intermediates.
• The shifting trend towards more sustainable and environmentally friendly manufacturing processes is influencing market trends.
• Companies are increasingly investing in greener production techniques and exploring bio-based alternatives to traditional petrochemical-derived MCA, aiming to reduce environmental impact and meet regulatory standards.
• Continual technological advancements in production processes are enhancing the efficiency and purity of MCA, thus expanding its applications and market reach.
• The growing awareness among industries about the efficiency gains from high-quality intermediates like MCA is also contributing to the market expansion.
• Economic development in regions like Asia-Pacific, particularly China and India, is driving demand for consumer goods, agriculture, and pharmaceuticals, sectors heavily reliant on MCA.
• The increasing use of specialty chemicals across various sectors, including textiles and adhesives, drives demand for MCA as it is pivotal in synthesizing these chemicals.
• Investment in R&D activities by major chemical companies to develop new applications and improve the efficiency and environmental impact of MCA production processes.
• The rising importance of sustainable water treatment solutions globally increases the demand for MCA, which is used in the production of water treatment chemicals.
• As the textile and dye industries expand, particularly in emerging markets, the need for MCA for dye fixing and textile processing chemicals continues to grow.
• The rising integration of the Internet of Things (IoT) and automation technologies in chemical manufacturing plants can improve the precision and efficiency of MCA production.
• Strategic partnerships and collaborations between MCA producers and end-user industries can facilitate tailored solutions that meet specific industry needs, enhancing product application and market penetration.
• The growing consumer trend towards specialized and customized products in sectors like cosmetics and personal care, where MCA derivatives are used as ingredients.
• In several regions, governments are offering incentives for the chemical manufacturing sector to promote the domestic production capabilities, as these incentives can reduce operational costs for MCA producers, enhancing their growth and expansion potential.

Monochloroacetic Acid News

The report covers the latest developments, updates, and trends impacting the global monochloroacetic acid market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in monochloroacetic acid production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the monochloroacetic acid price trend.

Latest developments in the monochloroacetic acid industry:

• On March 15, 2024, AkzoNobel is investing over $30 million to upgrade technology and expand capacity at its powder coatings sites in North America. This includes new extruders and bonding processes at facilities in Reading, Pennsylvania; Warsaw, Indiana; Nashville, Tennessee; and Monterrey, Mexico, enhancing production efficiency and application capabilities. These improvements are part of AkzoNobel's global strategy, following similar investments in Italy and Vietnam, aimed at providing a boost to its powder coatings growth and sustainability performance worldwide.
• On April 17, 2024, Extreme Coatings is expanding its wear-resistant coating solutions for the plastics and rubber industry, emphasizing increased efficiency and uptime for processors. Highlighting recent advancements at NPE 2024, the company offers CarbideX PROLINE™ with advanced thermal spray technology for hard, dense coatings that enhance machinery life and performance, significantly reducing downtime.
• On February 14, 2024, Mitsubishi Chemical Group announced that its bioengineered plastic, DURABIO™, is being used in the handle of Sunstar Group’s Ora2 Premium Smooth Fit Toothbrush, the first toothbrush with biomass plastic mark certification in Japan, launching nationwide on February 14, 2024. This marks the first application of DURABIO™ in a toothbrush.

Product Description

Monochloroacetic acid (MCA) is a white crystalline compound with a very distinctive smell that is widely applied as a key intermediate organic synthesis reagent. It is mainly produced by the chlorination of acetic acid in the red phosphorus presence. This gives the chlorine atom the substitution for the hydrogen atom in acetic acid.

The MCA is valued for its versatility and efficiency in catalyzing reactions in organic synthesis that are widely applied in various industries. The advantages of using MCA include its efficiency for synthesizing more complex chemicals and its ability to improve the characteristics of products (e.g., improving the thickening and flow properties of cosmetics and detergents).

Its uses are manifold, starting from the production of thickening substances, stabilizers, and herbicides to being a vital ingredient in the drug industry for the manufacture of vitamins and other active compounds.

Regional Coverage

The report provides a detailed analysis of the monochloroacetic acid market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the monochloroacetic acid price trend.

Global Monochloroacetic Acid Price

The report offers a holistic view of the global monochloroacetic acid pricing trends in the form of monochloroacetic acid price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of monochloroacetic acid but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed monochloroacetic acid demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Monochloroacetic Acid Price

In Q4 2023, due to a decrease in the cost of raw materials and low demand, monochloroacetic acid prices in the European market moved in the downward direction. The drop in the prices of feedstock like acetic acid and acetic anhydride resulted in the reduction in the output cost of monochloroacetic acid nationally thus creating a downward force in the market prices of the product.

This analysis can be extended to include detailed monochloroacetic acid price information for a comprehensive list of countries.

North America Monochloroacetic Acid Price

In Q4 2023, Monochloroacetic acid (MCA) prices in the North American market continued to decline due to several contributing factors. Among other things, the prices for the main feedstocks of acetic acid and acetic anhydride considerably decreased due to the reduction of production costs of MCA on the local market. The price decrease in input costs has led to the popularity of bearish views against the MCA price index. On the other hand, the demand from the agrochemicals and Industrial surfactant industry has been poor. The period and season effect resulted in this decline, with fewer sales in the winter and less income earned at year-end. The downstream manufacturers also held back on replenishing their stocks as a result of the market contraction in this period which declined the demand for MCA. This mixture of factors is a major reason for the fall in prices of MCA as we move to the last quarter of the year.

Specific monochloroacetic acid historical data within the United States and Canada can also be provided.

Middle East and Africa Monochloroacetic Acid Price

The report explores the monochloroacetic acid pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on monochloroacetic acid prices for countries can also be provided.

Asia Pacific Monochloroacetic Acid Price

In Q4 2023, Monochloroacetic acid (MCA) prices in the Asian market showed mixed trends. Initially, prices in China slightly increased due to a limited supply of feedstock Acetic acid and a plant shutdown, which restricted MCA production and material availability, prompting manufacturers to raise prices. However, inactive demand from the downstream dyes and surfactant industries around the Golden Week Holidays prevented any further upward price movement.

This monochloroacetic acid price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Monochloroacetic Acid Price

The analysis of monochloroacetic acid prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of monochloroacetic acid pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting monochloroacetic acid price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The monochloroacetic acid price charts ensure our clients remain at the forefront of the industry.