As per Intent Market Research, the Monochloroacetic Acid Market was valued at USD 1.1 Billion in 2024-e and will surpass USD 1.9 Billion by 2030; growing at a CAGR of 7.6% during 2025-2030.
The Monochloroacetic Acid (MCAA) market plays a vital role across multiple industries, driven by its versatility in various applications such as agrochemicals, pharmaceuticals, and industrial chemicals. As industries continue to prioritize efficiency and sustainability, the demand for high-purity and specialized grades of MCAA is on the rise, further fueling market growth.
Technical Grade Segment is Largest Owing to Versatility in Industrial Applications
The technical grade segment of Monochloroacetic Acid dominates the market due to its extensive use in industrial applications. This grade is widely employed in chemical synthesis, manufacturing of agrochemicals, and as an intermediate for various industrial processes. Technical-grade MCAA is favored for its cost-effectiveness and reliability, making it the most prevalent grade in the chemical and manufacturing sectors.
Fastest Growing Segment: Food Grade MCAA in Specialty Applications
The fastest-growing segment within the Monochloroacetic Acid market is the food-grade segment, primarily due to its increasing use in food processing and pharmaceutical applications. Food-grade MCAA is used in food additives, preservation, and as a stabilizer in the formulation of pharmaceuticals. The demand is driven by stringent food safety regulations and the rising emphasis on high-purity chemicals for health and safety.
Largest Region: Asia-Pacific Dominates Market Growth
Asia-Pacific is the largest region in the Monochloroacetic Acid market, led by high demand from countries like China, India, and Japan. The region benefits from rapid industrialization, a robust chemical industry, and expanding agricultural and personal care sectors. Moreover, the presence of key manufacturers and increasing investments in agrochemical production contribute to Asia-Pacific's dominance.
Fastest Growing Region: North America Leads Innovation in Food and Pharmaceutical Applications
North America is the fastest-growing region in the Monochloroacetic Acid market, driven by the rising demand for food-grade and pharmaceutical-grade MCAA. Increased focus on research and development, coupled with the stringent regulatory environment for pharmaceuticals and food safety, fuels market expansion in this region.
Leading Companies and Competitive Landscape
The Monochloroacetic Acid market is highly competitive, with key players focusing on expanding production capacities and enhancing product quality. Companies such as AkzoNobel, Dow Chemical, and Gujarat Alkalies & Chemicals lead the market through strategic acquisitions and collaborations. The competitive landscape is characterized by continuous innovations and a strong emphasis on sustainability and eco-friendly production methods.
Recent Developments:
- AkzoNobel launched a new high-purity Monochloroacetic Acid product for the pharmaceutical sector.
- Dow Chemical announced an acquisition of a key supplier, enhancing their production capacity for Monochloroacetic Acid.
- Gujarat Alkalies & Chemicals expanded its Monochloroacetic Acid production facility to meet rising global demand.
- Indian Chemical Corporation received regulatory approval for its new eco-friendly production method for Monochloroacetic Acid.
- Shandong Huahai partnered with a leading agrochemical firm to supply Monochloroacetic Acid for herbicide production
List of Leading Companies:
- AkzoNobel
- Dow Chemical
- Mitsubishi Chemical
- Daicel Corporation
- Eastman Chemical
- Gujarat Alkalies & Chemicals Ltd.
- Finetech Industry
- Akshar Chem
- Kemira
- Nouryon
- Shandong Huahai
- Indian Chemical Corporation
- Taekwang Industrial
- Shandong Binyi Chemical
- Changzhou Yabang
Report Scope:
|
Report Features |
Description |
|
Market Size (2024-e) |
USD 1.1 Billion |
|
Forecasted Value (2030) |
USD 1.9 Billion |
|
CAGR (2025 – 2030) |
7.6% |
|
Base Year for Estimation |
2024-e |
|
Historic Year |
2023 |
|
Forecast Period |
2025 – 2030 |
|
Report Coverage |
Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments |
|
Segments Covered |
Monochloroacetic Acid Market By Grade (Technical Grade, Food Grade, Pharmaceutical Grade), By Application (Agrochemicals, Pharmaceuticals, Detergents, Water Treatment, Textile), and By End-Use Industry (Chemical Industry, Agriculture, Personal Care, Construction); Global Insights & Forecast (2023 – 2030) |
|
Regional Analysis |
North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa) |
|
Major Companies |
AkzoNobel, Dow Chemical, Mitsubishi Chemical, Daicel Corporation, Eastman Chemical, Gujarat Alkalies & Chemicals Ltd., Finetech Industry, Akshar Chem, Kemira, Nouryon, Shandong Huahai, Indian Chemical Corporation, Taekwang Industrial, Shandong Binyi Chemical, Changzhou Yabang |
|
Customization Scope |
Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements |
|
1. Introduction |
|
1.1. Market Definition |
|
1.2. Scope of the Study |
|
1.3. Research Assumptions |
|
1.4. Study Limitations |
|
2. Research Methodology |
|
2.1. Research Approach |
|
2.1.1. Top-Down Method |
|
2.1.2. Bottom-Up Method |
|
2.1.3. Factor Impact Analysis |
|
2.2. Insights & Data Collection Process |
|
2.2.1. Secondary Research |
|
2.2.2. Primary Research |
|
2.3. Data Mining Process |
|
2.3.1. Data Analysis |
|
2.3.2. Data Validation and Revalidation |
|
2.3.3. Data Triangulation |
|
3. Executive Summary |
|
3.1. Major Markets & Segments |
|
3.2. Highest Growing Regions and Respective Countries |
|
3.3. Impact of Growth Drivers & Inhibitors |
|
3.4. Regulatory Overview by Country |
|
4. Monochloroacetic Acid Market, by Grade (Market Size & Forecast: USD Million, 2023 – 2030) |
|
4.1. Technical Grade |
|
4.2. Food Grade |
|
4.3. Pharmaceutical Grade |
|
5. Monochloroacetic Acid Market, by Application (Market Size & Forecast: USD Million, 2023 – 2030) |
|
5.1. Agrochemicals |
|
5.2. Pharmaceuticals |
|
5.3. Detergents |
|
5.4. Water Treatment |
|
5.5. Textile |
|
6. Monochloroacetic Acid Market, by End-Use Industry (Market Size & Forecast: USD Million, 2023 – 2030) |
|
6.1. Chemical Industry |
|
6.2. Agriculture |
|
6.3. Personal Care |
|
6.4. Construction |
|
7. Regional Analysis (Market Size & Forecast: USD Million, 2023 – 2030) |
|
7.1. Regional Overview |
|
7.2. North America |
|
7.2.1. Regional Trends & Growth Drivers |
|
7.2.2. Barriers & Challenges |
|
7.2.3. Opportunities |
|
7.2.4. Factor Impact Analysis |
|
7.2.5. Technology Trends |
|
7.2.6. North America Monochloroacetic Acid Market, by Grade |
|
7.2.7. North America Monochloroacetic Acid Market, by Application |
|
7.2.8. North America Monochloroacetic Acid Market, by End-Use Industry |
|
7.2.9. By Country |
|
7.2.9.1. US |
|
7.2.9.1.1. US Monochloroacetic Acid Market, by Grade |
|
7.2.9.1.2. US Monochloroacetic Acid Market, by Application |
|
7.2.9.1.3. US Monochloroacetic Acid Market, by End-Use Industry |
|
7.2.9.2. Canada |
|
7.2.9.3. Mexico |
|
*Similar segmentation will be provided for each region and country |
|
7.3. Europe |
|
7.4. Asia-Pacific |
|
7.5. Latin America |
|
7.6. Middle East & Africa |
|
8. Competitive Landscape |
|
8.1. Overview of the Key Players |
|
8.2. Competitive Ecosystem |
|
8.2.1. Level of Fragmentation |
|
8.2.2. Market Consolidation |
|
8.2.3. Product Innovation |
|
8.3. Company Share Analysis |
|
8.4. Company Benchmarking Matrix |
|
8.4.1. Strategic Overview |
|
8.4.2. Product Innovations |
|
8.5. Start-up Ecosystem |
|
8.6. Strategic Competitive Insights/ Customer Imperatives |
|
8.7. ESG Matrix/ Sustainability Matrix |
|
8.8. Manufacturing Network |
|
8.8.1. Locations |
|
8.8.2. Supply Chain and Logistics |
|
8.8.3. Product Flexibility/Customization |
|
8.8.4. Digital Transformation and Connectivity |
|
8.8.5. Environmental and Regulatory Compliance |
|
8.9. Technology Readiness Level Matrix |
|
8.10. Technology Maturity Curve |
|
8.11. Buying Criteria |
|
9. Company Profiles |
|
9.1. AkzoNobel |
|
9.1.1. Company Overview |
|
9.1.2. Company Financials |
|
9.1.3. Product/Service Portfolio |
|
9.1.4. Recent Developments |
|
9.1.5. IMR Analysis |
|
*Similar information will be provided for other companies |
|
9.2. Dow Chemical |
|
9.3. Mitsubishi Chemical |
|
9.4. Daicel Corporation |
|
9.5. Eastman Chemical |
|
9.6. Gujarat Alkalies & Chemicals Ltd. |
|
9.7. Finetech Industry |
|
9.8. Akshar Chem |
|
9.9. Kemira |
|
9.10. Nouryon |
|
9.11. Shandong Huahai |
|
9.12. Indian Chemical Corporation |
|
9.13. Taekwang Industrial |
|
9.14. Shandong Binyi Chemical |
|
9.15. Changzhou Yabang |
|
10. Appendix |
A comprehensive market research approach was employed to gather and analyze data on the Monochloroacetic Acid Market. In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the Monochloroacetic Acid Market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.
.jpg)
Secondary Research
Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.
Primary Research
Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the E-Waste Management ecosystem. The primary research objectives included:
- Validating findings and assumptions derived from secondary research
- Gathering qualitative and quantitative data on market trends, drivers, and challenges
- Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
- Assessing the supply-side landscape, including technological advancements and recent developments
Market Size Assessment
A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the Monochloroacetic Acid Market. These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:
- Identification of key industry players and relevant revenues through extensive secondary research
- Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
- Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources
.jpg)
Data Triangulation
To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.
NA