Market Size of Monochloroacetic Acid Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 4.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Monochloroacetic Acid Market Analysis
The Monochloroacetic Acid Market size is estimated at 580.28 kilotons in 2024, and is expected to reach 713.84 kilotons by 2029, growing at a CAGR of greater than 4.20% during the forecast period (2024-2029).
- Over the short term, the increasing demand from the personal care and pharmaceutical industries and the growing demand from the agrochemicals industry are the major factors driving the growth of the market studied.
- However, the stringent regulations related to monochloroacetic acid are a key factor anticipated to restrain the growth of the target industry over the forecast period.
- Nevertheless, the rising usage of cyanoacetic acid is likely to create lucrative growth opportunities for the global market soon.
- Asia-Pacific dominated the market across the world, with the largest consumption coming from China and India.
Monochloroacetic Acid Industry Segmentation
Monochloroacetic acid (MCA) is a crystalline acid produced through the direct chlorination of acetic acid, primarily employed in organic synthesis. It exhibits a moderate vapor pressure at room temperature, ranging from 0.2 hectopascals (hPa) in its crystalline form to 10 hPa when dissolved in water.
The monochloroacetic acid market is segmented by chemical application, end-user industry, and geography. By chemical application, the market is segmented into glycine, carboxymethylcellulose (CMC), surfactants, 2,4-dichloro phenoxy acetic acid, thioglycolic acid, and other applications. By end-user industry, the market is segmented into personal care and pharmaceuticals, agrochemicals, geological drillings, dyes and detergents, and other end-user industries. The report also covers the market size and forecasts for the monochloroacetic acid market in 27 countries across major regions. For each segment, the market sizing and forecasts were made on the basis of volume (kilotons).
| By Chemical Application | |
| Glycine | |
| Carboxymethylcellulose (CMC) | |
| Surfactants | |
| 2,4-Dichloro Phenoxy Acetic Acid | |
| Thioglycol Acid | |
| Other Applications |
| By End-user Industry | |
| Personal Care and Pharmaceuticals | |
| Agrochemicals | |
| Geological Drillings | |
| Dyes and Detergents | |
| Other End-user Industries |
| By Geography | |||||||||||
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Monochloroacetic Acid Market Size Summary
The monochloroacetic acid market is poised for significant growth, driven by its essential applications in the pharmaceutical and personal care industries. The demand for monochloroacetic acid is bolstered by its use in the production of various pharmaceutical products, including ibuprofen and vitamins, as well as its role in manufacturing betaines for hair care products. The personal care sector, particularly in regions like Asia-Pacific, is experiencing a surge in demand due to rising disposable incomes and changing consumer preferences, which in turn fuels the need for monochloroacetic acid. Despite challenges such as the decline in detergent consumption, the market is expected to benefit from the increasing use of cyanoacetic acid, presenting new growth opportunities.
Asia-Pacific dominates the global monochloroacetic acid market, with China and India leading in consumption due to their expanding pharmaceutical and personal care industries. The region's growth is supported by the increasing demand for personal care products and the robust pharmaceutical sector, which is expected to continue its expansion. The market is characterized by a partially fragmented nature, with key players like Nouryon and Merck KGaA actively contributing to capacity expansions to meet the rising demand. The recovery of the beauty and personal care industry, along with strategic investments in production capacity, underscores the market's potential for sustained growth in the coming years.
Monochloroacetic Acid Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand from the Personal Care and Pharmaceutical Industry
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1.1.2 Growing Demand from the Agrochemicals Industry
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1.1.3 Other Drivers
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1.2 Restraints
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1.2.1 Stringent Regulations To Hinder Market Growth
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1.2.2 Other Restraints
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1.3 Industry Value-Chain Analysis
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1.4 Porter Five Forces
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Volume)
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2.1 By Chemical Application
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2.1.1 Glycine
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2.1.2 Carboxymethylcellulose (CMC)
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2.1.3 Surfactants
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2.1.4 2,4-Dichloro Phenoxy Acetic Acid
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2.1.5 Thioglycol Acid
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2.1.6 Other Applications
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2.2 By End-user Industry
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2.2.1 Personal Care and Pharmaceuticals
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2.2.2 Agrochemicals
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2.2.3 Geological Drillings
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2.2.4 Dyes and Detergents
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2.2.5 Other End-user Industries
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2.3 By Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Malaysia
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2.3.1.6 Thailand
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2.3.1.7 Indonesia
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2.3.1.8 Vietnam
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2.3.1.9 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Spain
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2.3.3.6 Nordic Countries
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2.3.3.7 Turkey
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2.3.3.8 Russia
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2.3.3.9 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Colombia
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2.3.4.4 Rest of South America
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2.3.5 Middle East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 Qatar
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2.3.5.3 United Arab Emirates
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2.3.5.4 Nigeria
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2.3.5.5 Egypt
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2.3.5.6 South Africa
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2.3.5.7 Rest of Middle East and Africa
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Monochloroacetic Acid Market Size FAQs
How big is the Monochloroacetic Acid Market?
The Monochloroacetic Acid Market size is expected to reach 580.28 kilotons in 2024 and grow at a CAGR of greater than 4.20% to reach 713.84 kilotons by 2029.
What is the current Monochloroacetic Acid Market size?
In 2024, the Monochloroacetic Acid Market size is expected to reach 580.28 kilotons.
