Monochloroacetic Acid Market will be growing at a CAGR of 2.8% during the forecast 2020 to 2028
New Market Research Report "Monochloroacetic Acid Market –Global industry analysis, size, share, growth, trends, and forecast 2020 – 2028" Has Been Added to Sheer Analytics and Insights Report Database.
Extended Monochloroacetic Acid Market (By Product Form – Crystalline, Liquid, and Flakes. By Application – Carboxymethylcellulose (CMC), Agrochemicals, Surfactants, Thioglycolic Acid (TGA), and Others. By Geography- North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)– Global industry analysis, size, share, growth, trends, and forecast, 2020-2028.
COVID has impacted the Monochloroacetic Acid Market negatively. Companies operating in the Monochloroacetic Acid Market is experiencing many challenges due to the shutdown of businesses across different industries, including the food & beverage industry during the COVID-19 pandemic. The temporary global demand is expected to witness sluggish growth. However, the market is expected to recover soon and projected to operate with its full capacity by 2021.
Monochloroacetic Acid also commonly known as chloroacetic acid is a specialty organochlorine compound having chemical formula organochlorine compound with the formula ClCH₂CO₂H. It is a building block in organic synthesis and used as a raw material in the production of numerous chemical compounds, agrochemicals, and drugs. The Monochloroacetic Acid Market is primarily driven by the rising demand for Monochloroacetic Acid in the production of carboxymethylcellulose (CMC), thioglycolic acid, herbicides, insecticides, and glycine chemical material.
Major Players in Monochloroacetic Acid Market
Some of the key players in the global Monochloroacetic Acid Market 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., Shiv Chem Industries, and Jubilant Life Sciences Ltd.
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