ALBANY, New York, August 20, 2014 /PRNewswire/ --
Transparency Market Research has published a new market report
titled "Monochloroacetic Acid (MCA) Market for Cellulosics,
Agrochemicals, Surfactants, Thioglycolic Acid (TGA) and Other
Applications - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2014 - 2020". The global monochloroacetic acid
market was valued at USD 817.1
million in 2013 and is anticipated to reach USD 1,046.7 million by 2020, growing at a CAGR of
3.6% during the forecast period from 2014 to 2020. In terms of
volume, the global monochloroacetic acid market stood at 677.0 kilo
tons in 2013.
Browse the full Monochloroacetic Acid
(MCA) Market Report at
http://www.transparencymarketresearch.com/monochloroacetic-acid-market.html
Monochloroacetic acid (MCA) is a compound that undergoes various
reactions to form a number of intermediates for the production of a
range of products. Major markets for monochloroacetic acid and its
derivatives include drilling fluids, herbicides, plastic
stabilizers, surfactants, textiles, food processing, construction
and pharmaceuticals. China is the
leading manufacturer of chemical fertilizers, cement and steel in
the world. Demand for monochloroacetic acid is high from the
growing end-user industries in the country. Thus, demand for
monochloroacetic acid from China
is estimated to boost the MCA market during the forecast period.
Additionally, rising demand for carboxymethyl cellulose (CMC) in
oil drilling activities and agrochemicals such as glyphosate and 2,
4-D is projected to propel demand for monochloroacetic acid in the
near future. Furthermore, rising iron ore and taconite mining
activities are likely to open up new avenues for MCA, as CMC (the
major application product of MCA) is extensively used in mining
activities. However, volatility in prices of raw materials for MCA
is expected to act as a restraining factor for the market during
the next few years.
Cellulosics was the largest application segment, accounting for
over 32% of the total monochloroacetic acid demand in 2013. This
was followed by agrochemicals. These application segments are
anticipated to witness exponential growth during the forecast
period. The oil & gas industry is a major user of CMC. This is
boosting the market for monochloroacetic acid. Additionally, growth
in end-user industries in Asia
Pacific is estimated to drive the market for MCA in the next
few years. Other segments such as surfactants and thioglycolic acid
are projected to exhibit significant growth during the forecast
period, as MCA is used to manufacture a range of intermediates such
as betaines and imidazolines. Betaines and imidazolines are used in
personal care products such as shampoos, conditioners and skin
creams. They are also used in other industries as stabilizers,
corrosion inhibitors, water repellents and emulsifiers, among
others.
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Asia Pacific dominated the
global MCA market in 2013. Growth in manufacturing, agrochemicals
and personal care industries in the region is driving the MCA
market in Asia Pacific.
Additionally, growth in GDP of the region is expected to open up
new avenues for the MCA market during the forecast period. Regions
such as North America,
Europe and Rest of the World
together accounted for over 35% share of the global MCA market in
2013.
Global Monochloroacetic Acid - Application
Analysis
Cellulosics
Agrochemicals
Surfactants
Thioglycolic acid
Others (Cyanoacetic acid, phenoxyacetic acid etc.)
Global Monochloroacetic Acid - Regional
Analysis
North America
Europe
Asia Pacific
Rest of the World (RoW)
Browse All Chemical & Materials Market Research
Reports @
http://www.transparencymarketresearch.com/chemical-market-reports-2.html
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(MCA) Market at @
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