The research analysts have formulated this report through thorough primary and secondary research with a detailed analysis of the drivers, restraints, challenges, trends, and opportunities to provide a panoramic view of the Monochloroacetic Acid market .
The global monochloroacetic acid market size reached USD 908.90 million in 2022 and is expected to register a revenue CAGR of 5.2 % during the forecast period, according to latest analysis by Emergen Research. Rising demand for monochloroacetic acid for precision farming practices and rapid adoption to increase food production capacity is significantly driving the growth of the market. Monochloroacetic Acid is increasingly procured by agriculture industries for sustainability practices, owing to the awareness of government and international agencies. According to World Economic Forum (WEF), globally 100 million farmers participating together with different stakeholders to promote a shift towards food systems that have zero net emissions and positively impact nature by 2030. Globally various industries are witnessing urgent requirements to reduce the use of chemical pesticides and other potentially dangerous agrochemicals, which could lead to environmental issues such as decreased biodegradability, and soil toxicity. Monochloroacetic acid plays a crucial demand in filling demand gaps in bio-based compounds and organic compounds. These factors are driving growth of the market.
Emergen Research has recently published a detailed report on the global Monochloroacetic Acid market formulated through extensive primary and secondary research. The Monochloroacetic Acid Market research report is a comprehensive and vital document encompassing business strategies, qualitative and quantitative analysis, and emerging trends of the global Monochloroacetic Acid market. The report offers in-depth research and assessment of the key elements of the global Monochloroacetic Acid market.
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Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Monochloroacetic Acid market expected to boost the growth of the industry in the coming years.
Monochloroacetic Acid Market Segmentation:
Form Outlook (Revenue, USD Million; 2019-2032)
- Crystalline
- Liquid
- Flakes
Application Outlook (Revenue, USD Million; 2019-2032)
- Herbicides and Insecticides
- Carboxymethyl cellulose (CMC)
- Surfactants
- Thioglycolic Acid (TGA)
- 2,4-Dichlorophenoxyacetic acid
- Others
End-Use Outlook (Revenue, USD Million; 2019-2032)
- Agriculture
- Specialty Chemicals
- Pharmaceuticals
- Food industry
- Water treatment
- Others (Textile, Paper, and pulp)
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The report also studies the key companies of the Monochloroacetic Acid market along with analysis of their business strategies, MA activities, investment plans, product portfolio, financial standing, gross profit margin, and production and manufacturing capacities. Some players analyzed in the report are:
Key companies operating in the Monochloroacetic Acid market include:
Akzo Nobel N.V., BASF SE, Dow Chemical Company, Nouryon Chemicals Holding B.V., DuPont de Nemours, Inc, Merck KGaA, Lonza Group Ltd, Thermo Fisher Scientific Inc., Daicel Corporation, Kerry Group plc, Henan GP Chemicals Co., Ltd, Atul Ltd, Shandong Minji Chemical Co., Ltd, Denak Co., Ltd., Anugrah In-Org (P) Limited, and among others
The Global Monochloroacetic Acid Report is a panoramic study of the overall Monochloroacetic Acid market published by Emergen Research and covers a wide-ranging analysis of the technological advancements and product developments in the Monochloroacetic Acid market. The report provides a detailed analysis of the key factors of the Monochloroacetic Acid market that are expected to have a positive impact on the growth of the Monochloroacetic Acid industry.
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Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The all-inclusive report on the Global Monochloroacetic Acid Market added Emergen Research demonstrates that the global Monochloroacetic Acid market is presumed to grow at a steady CAGR throughout the forecast timeline. The report analyzed the key market drivers, restraints, growth opportunities, investment opportunities, threats, and limitations of the Monochloroacetic Acid market. The report also offers accurate forecast estimation at a global and regional level to impart a better understanding of the scope of the market.
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- The Monochloroacetic Acid market report enumerates, in excruciating detail, the product landscape of this vertical.
- Details related to the market share of every product type segment, their profit estimations, and the data pertaining to the production growth has been enumerated in the report.
- The report covers an in-depth assessment of the application range of the Monochloroacetic Acid Market.
- Details about the market share accumulated by each application, product demand from each application, as well as the growth rate that every application will register over the forecast timeframe have been revealed in the study.
- Other pointers such as the raw material processing rate as well as the market concentration rate are explained in the report.
- The report also presents a gist of the most recent pricing trends as well as the anticipated growth prospects for the industry, alongside information about the manufacturing cost structure and downstream customers.
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