The Monochloroacetic Acid Market report is the result of extensive essential and auxiliary research, as well as subjective and quantitative examination of key market segments. The clever information is also approved and verified by business experts. The report aims to provide additional insights into the general market situation of the Monochloroacetic Acid business circle.

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.

The high cost of manufacturing and the accessibility of substitutes, however, are limiting market revenue growth. It takes a lot of money to produce monochloroacetic acid because there are several steps involved and the acid needs a lot of raw materials, such chlorine. These problems may increase operating and product costs, restricting market growth.

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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

The leading market contenders listed in the report are:

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

Target Audience of the Global Monochloroacetic Acid Market Report:

Key Market Players

Investors

Venture capitalists

Small- and medium-sized and large enterprises

Third-party knowledge providers

Value-Added Resellers (VARs)

Global market producers, distributors, traders, and suppliers

Research organizations, consulting companies, and various alliances interested in this sector

Government bodies, independent regulatory authorities, and policymakers

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Major Geographies Analyzed in the Report:

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)

Market Segmentations of the Monochloroacetic Acid Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2032. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Monochloroacetic Acid market on the basis of product, application, and region:

Segments Covered in this report are:

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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Some Key Highlights From the Report

The crystalline segment accounted for the largest market revenue share in 2022. Monochloroacetic acid is significantly utilized in the market owing to its stability and ease of distribution, monochloroacetic acid is generally supplied and distributed in the form of crystalline powder. The crystalline form of monochloroacetic acid is widely obtained by many industries, including agriculture, where it is widely used as a raw material in the manufacture of herbicides, fungicides, and other chemicals.

The herbicides and insecticides segment accounted for the largest revenue share in 2022. Monochloroacetic acid is a raw ingredient used in the production of herbicides and insecticides. Herbicides and insecticides based on monochloroacetic acid are effective chemicals for pest and disease control, resulting in enhanced crop yields.

The agriculture segment accounted for the largest revenue share in 2022. Monochloroacetic acid is commonly used as an herbicide and insecticide in agriculture. Because of its efficacy in pest management and adaptability in many crop uses, monochloroacetic acid has seen rapid adoption.

The global Monochloroacetic acid market in Asia Pacific accounted for the largest revenue share in 2022. Significant demand for monochloroacetic acid in agriculture, adhesives, and medicines is propelling market expansion in this region. Monochloroacetic acid is exported in the agricultural business in countries such as India, China, Japan, Thailand, and Malaysia for the production of a wide range of chemicals including herbicides, fungicides, and other agricultural chemicals.

Additional information offered by the report:

Along with a complete overview of the global Monochloroacetic Acid market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.

The report elaborates on the global Monochloroacetic Acid market size and share governed by the major geographies.

It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.

It further presents a detailed description of the company profiles of the key market contenders.

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