Global Monochloroacetic Acid Market
The global monochloroacetic acid market is forecast to reach USD 1.10 Billion by 2026, according to a new report by Reports and Data. Monochloroacetic acid (MCAA) is a colorless material, which is highly soluble in water and in organic solvents. The vapor pressure at room temperature is moderate. It has a pungent odor. MCAA being acidic, therefore, can cause skin irritation upon contact with a MCAA solution and can cause skin corrosion and conjunctival burns upon contact with more concentrated solutions. The systemic toxicity of MCAA is caused by inhibition of certain enzymes of the glycolytic cycle. The major industrial use of Monochloroacetic acid is in the manufacture of carboxymethyl cellulose (CMC). CMC is used in a broad range of applications, including textiles, food, detergents, pharmaceuticals, drilling muds, coatings, and cosmetics.
The report offers the latest impact of the COVID-19 crisis on the industry verticals. COVID-19 began in 2019 and has since then affected every country of the world, with the WHO declaring it as a public health emergency. The pandemic has brought dynamic changes in the industry as it has affected the supply chain, demands, trends, and overall market scenario. The report offers an initial and future impact assessment of the pandemic on key segments of the industry and offers revenue information in the post-pandemic scenario.
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The report is an engaging document that provides vital statistical information about the market in terms of dales, revenue, market share, and market size with regards to product types, application spectrum, regional bifurcation, leading players, and technological advancements.
A comprehensive analysis of the competitive landscape is offered in the report along with a study of the company profiles, product portfolio, manufacturing and production capacity, technological developments, R&D advancements, and strategic initiatives of the prominent players of the industry. Prominent players operating in the industry and profiled in the report include AkzoNobel N.V., CABB GmbH, Daicel Corporation, Denak Co. Ltd., The Dow Chemical Company, PCC SE, Niacet Corporation, Xuchang Dongfang Chemical Co. Ltd., Shandong Minji Chemical Co. Ltd., and Shiv Chem Industries, among others.
The Global Monochloroacetic Acid Market is segmented as follows:
Process Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
Chlorination, Hydrolysis
Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
Dry Powder, Liquid, Pellets, Others
Applications Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
Cellulosics, Agrochemicals, Surfactants, Thioglycolic Acid, Others
The report provides an explicit analysis of the market with regards to growth driving factors, restraining factors, regulatory framework, threats and opportunities, financial hurdles to offer a thorough outlook of the market. The report also covers value chain analysis, market share, market size, CAGR, sales and revenue, import/export, the scope of the market, growth prospects, and other key factors. The report offers a regional analysis that covers key geographies such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report applies advanced analytical tools such as SWOT analysis, Porter’s Five Forces analysis, along with feasibility analysis and investment return analysis. It also offers strategic recommendations to new entrants as well as established companies about market barriers. It also offers insights into futuristic business opportunities, market scope, threats, and obstacles, to enable fruitful business decision-making process.
Furthermore, the report renders a complete analysis of the Monochloroacetic Acid market that allows readers to formulate profitable and lucrative business strategies by offering insights into the competitive landscape, crucial market details, growth prospects, regional rules and regulations, and other key factors.
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