Monochloroacetic Acid Market Size, Share, Industry, Forecast and outlook (2024-2031)

Monochloroacetic Acid Market is Segmented By Application(Glycine, Cellulose, Surfactants, 4,2,4- Dichloro Phenoxy Acetic Acid, Thioglycolic Acid, Others), By End-User(Personal Care and Pharmaceuticals, Agrochemicals, Geological Drillings, Dyes and Detergents, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

Monochloroacetic Acid Market Size, Demand Insights

Monochloroacetic acid market size was worth US$ YY million in 2021 and is estimated to reach US$ YY million by 2029, growing at a high CAGR during the forecast period (2022-2029). 

Monochloroacetic Acid Market Scope and Summary

To Get a Free Sample Click here

Monochloroacetic acid is a white, crystalline substance with a strong odor that is readily soluble in organic solvents and water. The chemical represents the carboxyl acid group. It's made in two ways: chlorinating acetic acid and hydrolyzing trichloroethylene. It's a chemical building block used to make insecticides, medications, colors, thickening agents like carboxymethyl cellulose and carboxymethyl starch, and various other derivatives, including drilling fluids, plastic stabilizers, herbicides, surfactants, and pharmaceuticals.

The most crucial intermediate in the chemical industry is monochloroacetic acid (MCAA). Due to its strong reactivity, chloroacetic acid is utilized in various organic synthesis procedures. Manufacturing plant protection products, fertilizers, polymers, detergents, paints and lacquers, cosmetics, and personal hygiene products are a few examples. Additionally, chloroacetic acid is used in several operations in the mining, pulp & paper, pharmaceutical, food, and industry sectors. MCAA is primarily used to create carboxymethylcellulose (CMC). In that procedure, monochloroacetic acid accounts for up to 30% of global production.

Aside from that, it's employed in research & development labs, medical & surgical facilities, chemical & pharmaceutical preparations, fabric mills, and communication devices like television, radio, telegraph, and automotive stamping. Monochloroacetic acid is largely utilized in carboxymethyl cellulose production.

Monochloroacetic Acid Market Dynamics and Trends

Over the next seven years, the global monochloroacetic acid market is predicted to rise significantly. The total market demand is likely driven by a surge in demand from major end-use industries. However, the hazardous impact of monochloroacetic acid is expected to hamper the market growth in the forecasted period.

The rising demand for the production of carboxymethylcellulose, thioglycolic acid, and glycine 

The market for monochloroacetic acid is primarily driven by rising demand for carboxymethylcellulose, thioglycolic acid, and glycine synthesis. For CMC manufacturing, also known as cellulose gel, a significant amount of monochloroacetic acid is used. Monochloroacetic acid has viscosity-increasing and emulsion-stabilizing characteristics. Aside from these benefits, using MCAA in CMC production allows for changes in the product's flow and texture.

Because of these properties, CMC is used in the food and beverage sector for powdered drinks, alcoholic and non-alcoholic beverages, and ice cream. CMC is also preferred over synthetic and natural glues, which is predicted to enhance demand for CMC and, as a result, MCAA consumption for CMC manufacture. The variables are likely to impact the monochloroacetic acid market.

Growing demand from pharmaceutical industries

Monochloroacetic acid is widely used in the pharmaceutical business. Maleanates, ibuprofen, n-glycine, dichlophenac sodium and vitamins are all made from it. Monochloroacetic acids are topical keratolytic and caustic substances used in various treatments to treat skin lesions, verrucae, and atherosclerosis. In addition, a precursor of adrenaline, also known as the stress hormone, is the MCAA derivative chloroacetyl chloride. For cardiac arrest, adrenaline is utilized as a stimulant. In cases of anaphylactic shock, it is also an anti-allergy medication. Formulations for the eradication of warts may contain MCAA alone.

The growing population aging in countries like U.S. and Japan is predicted to boost the medical industry, which will benefit the overall monochloroacetic acid market. Because of the Country's growing middle class and aging society, rising affluence and increasing urbanization, China's pharmaceutical sector is also fast developing. By 2022, the Country's pharmaceutical revenues are estimated to surpass US$175 billion. It is projected to impact the monochloroacetic acid market in the pharmaceutical industry positively.

The hazardous impact of monochloroacetic acid

When you come into touch with a diluted MCAA solution, it can irritate your eyes and cause skin corrosion and conjunctival burns. When you contact with a highly concentrated MCAA solution, it can cause skin corrosion and conjunctival burns. Coping enzymes in the glycolytic and tricarboxylic acid cycles causes MCAA's systemic toxicity. Metabolic obstruction harms high-energy-demanding systems like the heart, central nervous system (CNS), and muscles. It leads to metabolic acidosis as lactic acid and citric acid build up in the body.

The MCAA route to the production system produces a lot of hazardous waste. Furthermore, due to the corrosive nature of MCAA, production facilities using the MCAA routes face issues such as high operation and maintenance expenses.

COVID-19 Impact on Monochloroacetic Acid Market Growth

COVID-19 harmed the agrochemicals market, causing the market to decline. The agriculture market's supply chain was impacted by labor shortages, transportation challenges, and financial shortages due to the COVID-19 pandemic's lockdown. On the other hand, government programs for agriculture post-COVID are projected to bolster the industry.

The Indian government announced numerous initiatives to boost the agriculture sector, including agri-marketing reforms, a revamped vital commodities act, and an INR 1 lakh crore investment in farm gate infrastructure and logistics. COVID-19 also negatively influenced the personal care business, as the supply chain was disrupted and there were labor shortages. However, since the number of drugs utilized in hospitals has increased due to COVID-19, the pharmaceutical sector has increased.

Monochloroacetic Acid Market Segment and Shares Analysis

By end-user, the monochloroacetic acid market is segmented into personal care & pharmaceuticals, agrochemicals, geological drillings, dyes & detergents, and others.

Multifunctionality and unique properties of glycine drive the segment growth

Monochloroacetic acid creates surfactants, particularly mild betaine amphoteric surfactants (MCA). Thioglycolic acid containing sodium or potassium hydrogen sulfide is produced when MCA is heated. Thioglycolic acid and its derivatives are used to make shampoo, conditioner, and hair masks.

The demand for personal care products is also anticipated to increase in the upcoming years due to rising disposable income, increased awareness of beauty products, modifications in consumption patterns, the effects of globalization on lifestyles, and shifting retail environments in developing nations like India, Thailand, and Vietnam. As a result, the region's care sector will probably need more MCA.

Ibuprofen/brufen, diclofenac sodium, caffeine, vitamins (e.g., vitamin B), glycine, N-(P-hydroxyphenyl)-glycine (METOL), and maleates all require MCA in the pharmaceutical industry. Because of its enormous raw material base and trained workforce, India is the third-largest pharmaceutical market in volume and the thirteenth-largest in value. According to the India Brand Equity Foundation, the Indian pharmaceutical business is predicted to reach US$ 100 billion by 2025. In FY20, India's pharmaceutical exports totaled US$ 16.3 billion. Furthermore, the German government has been working on legislation expected to accelerate medical technology advancement.

Monochloroacetic Acid Market Geographical Analysis

High agricultural spending in Asia-Pacific

Due to increased demand from various end-user industries, including personal care, pharmaceuticals, agrochemicals, and others. Due mostly to rising demand from the personal care and pharmaceutical industries, monochloroacetic acid (MCA) consumption has increased in China and India. As people's concerns about cleanliness and hygiene have grown, so has the demand for personal care items, detergents, and washing soaps. Demand is anticipated to increase because MCA is necessary to create various unique care products.

China is the world's second-largest cosmetics market, quickly becoming the world's largest market for cosmetics and skincare products. The Chinese market for cosmetics and personal care, which includes numerous industries like makeup, skincare, hair care, and personal hygiene, expanded in 2019–2020. Another element boosting demand for cosmetics is the nation's ongoing population growth. The market under examination is expanding more quickly as a result.

Furthermore, agriculture is the primary source of income for nearly 58% of India's population. Agriculture's gross value added is expected to be around US$ 276.37 billion in the fiscal year 2020, as per the India Brand Equity Foundation (IBEF). It is fueling demand for the monochloroacetic acid market.

Monochloroacetic Acid Companies and Competitive Landscape 

The global market for monochloroacetic acid is highly competitive. Various small to medium-sized business partners in the sector accounts for a significant portion of the overall market revenue share. The market is fragmented. As a result of the huge number of suppliers, companies have cheap switching costs. The phenomenon gives industry participants an advantage and increases their revenue share. R&D investments to start with novel technology and methods to prevent variable raw material prices are predicted to provide industry participants with many chances.

Major global monochloroacetic acid market companies include Archit Organosys, Denak Co., Ltd, Henan HDF Chemical Company, Ltd., Jiangxi Biochem Co., Ltd, Mahalaxmi Industries, Merck KGaA, Meridian Chem Bond Pvt. Ltd., Nouryon, PCC Group, and Shandong Minji New Material Technology Co., Ltd.

Archit Organosys

Overview: Shri Chlochem Ltd, a subsidiary of Archit Organosys Ltd, began operations in 1989 with a small number of chemical compounds. Archit Organosys Ltd is now a leader in the Indian chemical industry, producing a wide range of organic chemicals, specialty derivatives, adhesives, and sealants. Monochloroacetic acid & sodium monochloroacetate is utilized to synthesize agricultural chemicals, cosmetic surfactants, oil drilling chemicals, plastic additives, and other products that the company has manufactured for 24 years. Archit Organosys Ltd has grown steadily over the years, securing a significant market share and effectively expanding its horizons in U.S., Europe, the Middle East, and over 50 countries worldwide.

Product Portfolio: The Company provides monochloroacetic acid in white crystalline flakes with different grades, i.e., ultra-pure grade, superior grade, and ultra-pure grade with 80% water. 

Key Development: The company's board of directors authorized the request to enhance production capacity at Archit Organosys' current Bhavnagar plant in Gujarat by 6,000 Tons per Annum. The current capacity is 12,000 tpa, with 60% capacity utilization. The initiative will require a five-crore investment funded by internal accruals. Demand for one of the company's products, Monochloroacetic Acid (MCA), is increasing domestically and internationally. Furthermore, the government of India's Make in India initiative has raised demand and it has been reported that many peer industries producing MCA have increased their production capacity. As a result, the industry expects the product to increase.

Frequently Asked Questions

What is the Projected CAGR value of the Monochloroacetic Acid Market?

Monochloroacetic Acid Market is expected to grow at a high CAGR during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Monochloroacetic Acid Market during 2022-2029.

Which is the fastest-growing region in the Monochloroacetic Acid Market?

Among all regions, Asia Pacific is the fastest-growing market share during the forecast period.

Trending Topics

Pet Food Market

Organic Pet Food Market

Freeze-Dried Pet Food Market