Monochloroacetic Acid Market report provides historic data of 2014 along with a forecast
Global monochloroacetic acid market was valued at USD 850.0 million in 2014 and is expected to reach USD 1,050.0 million in 2020,growing at a CAGR of 3.0% between 2015 and 2020
Monochloroacetic Acid Market for Cellulosics, Agrochemicals, Thioglycolic Acid, Surfactants and Others Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020
Zion Research has published a new report titled “Monochloroacetic Acid Market for Cellulosics, Agrochemicals, Thioglycolic Acid, Surfactants and Others Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 - 2020.” According to the report, global demand for monochloroacetic acid was valued at USD 850.0 million in 2014 and is expected to reach USD 1,050.0 million in 2020, growing at a CAGR of slightly above 3.0% between 2015 and 2020. In terms of volume, the global monochloroacetic acid market stood at around 700.0 kilo tons in 2014.
Monochloroacetic acid (MCA) is an organochlorine compound used as a building block in organic synthesis. Monochloroacetic acid is a colorless or white deliquescent crystalline compound. Acetic acid and chlorine are key raw materials used in the production of monochloroacetic acid. Monochloroacetic acid is a halogenated derivative of acetic acid that is used as a building block in organic synthesis. Monochloroacetic acid is completely soluble in water, soluble in alcohol, acetone, chloroform and ether and a partly soluble in chlorinated hydrocarbons. Thioglycolic acid, agrochemicals, phenoxyacetic acid, surfactants, glycine and others are the major end application industries of monochloroacetic acid.
Browse the full "Monochloroacetic Acid Market for Cellulosics, Agrochemicals, Thioglycolic Acid, Surfactants and Others Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020" report at http://www.marketresearchstore.com/report/monochloroacetic-acid-market-z48007
Monochloroacetic acid (MCA) is broadly used in chemical industries in the manufacture of carboxymethyl cellulose (CMC). Hence, the demand for CMC is expected to rise exponentially due to an increase in industrial applications. Moreover, rising population and increasing demand for agricultural products is expected to trigger growth of monochloroacetic acid. Increasing demand from glyphosate is also likely to boost the demand for monochloroacetic acid during the years to come.
Cellulosics, agrochemicals, thioglycolic acid, surfactants and others are the key application segments of monochloroacetic acid market. Cellulosics was the largest application market for monochloroacetic acid market. Cellulosics segment accounted for over 30.0% share of total market, in 2014. Agrochemicals application segment is expected to be the second largest segment in this market. Thioglycolic acid, surfactants and others application are also expected to dominate the global monochloroacetic acid market.
Geographically, Asia Pacific dominated the global monochloroacetic acid market, in 2014. Increasing demand from personal care and agrochemicals industry is major driving factor for monochloroacetic acid in Asia Pacific. Asia Pacific followed by North America, Europe, Middle East & Africa and Latin America.
Some of the major industry participants in monochloroacetic acid market include Denak Co. Ltd., CABB GmbH, Niacet Corporation, Daicel Corporation, AkzoNobel N.V., Dow CHEMICAL Company and Denak Co. Ltd.
This report segments the global monochloroacetic acid market as follows:
Global Monochloroacetic Acid Market: Application Segment Analysis
Global Monochloroacetic Acid Market: Regional Segment Analysis
Zion Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Zion Research experienced team of Analysts, Researchers, and Consultants uses proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each Zion Research syndicated research report covers a different sector — such as pharmaceuticals, chemical, energy, food and beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports strive to serve the overall research requirement of clients.
Source: Free Articles from ArticlesFactory.com
ABOUT THE AUTHOR
Market Research Store is a single destination for all the industry, company and country reports. We feature large repository of latest industry reports, leading and niche company profiles, and market statistics released by reputed private publishers and public organizations. Market Research Store is the comprehensive collection of market intelligence products and services available on air. We have market research reports from number of leading publishers and update our collection daily to provide our clients with the instant online access to our database. With access to this database, our clients will be able to benefit from expert insights on global industries, products, and market trends.