High Demand from the construction industry encouraging the rise in Market Growth for Monochloroacetic Acid

Emerging economies such as China, India, Malaysia, Indonesia, Brazil, Mexico, Argentina, and others are some of the major markets for MCA. The growing infrastructural development and rapid urbanization in emerging economies are encouraging the rise in demand for CMC and surfactants, thus, boosting the demand for MCA.

China among other emerging economies is the largest construction market. In 2016, China’s construction industry grew at 17%, a 5% increase from 2015. This growth was augmented by policy changes such as strong fiscal stimulus for infrastructure investments and easing of real estate regulations, purchase criteria, and credit availability which resulted in the growth of the domestic real estate market. Infrastructure investment will further improve, driven by mandates to meet regional development plans, initiatives such as “Belt and Road” and development of smart cities which will include optimization of urban space through public transport, high-capacity infrastructure, mixed-use development, and green city planning. In India, the constant economic growth of around 7.5% driven by government initiatives such as FDI allowance, improved policy framework, and low commodity prices have provided a strong stimulus to the construction industry. Recent deregulations for the ease of doing business are attracting foreign investments. In addition, modernization of the construction industry also drives the MCA market.

The market size of Monochloroacetic Acid Market in 2016 was USD 733.4 million and is projected to reach USD 908.9 million by 2022, at a CAGR of 3.6%. CMC is the largest application of MCA that accounted for a share of 49.3%, in terms of value. Surfactants are the fastest-growing application segment of MCA, which is projected to register a CAGR of 3.5%.

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Asia Pacific is projected to be the largest market for MCA during the forecast period. The demand for MCA is high in this region due to the large industrial base and improving lifestyles of the population. In addition to this, the increasing use of MCA for applications such as CMC, agrochemicals, and surfactants in emerging economies, such as India, China, and Indonesia also drive the Asia Pacific MCA market.

Some of the key players in the MCA market include AkzoNobel (Netherlands), CABB (Germany), Daicel Corporation (Japan), PCC SE (Germany), Niacet Corporation (US), Shandong Minji Chemical (China), Denak Co. (Japan), Kaifeng Dongda Chemical Company (China), and Meridian Chem-Bond (India). Joint venture and acquisition were the major growth strategies adopted by the market players between 2014 and 2017 to cater to the demand for MCA in emerging economies.

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Monochloroacetic Acid is used in various applications such as CMC, agrochemicals, surfactants, TGA, and others

The monochloroacetic acid (MCA) market is estimated at USD 762.6 million in 2017 and is projected to reach USD 908.9 million by 2022, at a CAGR of 3.6% between 2017 and 2022. The growth of the market is driven by the increasing demand of MCA for the production of CMC, agrochemicals, and surfactants, which are used in the building & construction, food & beverage, pharmaceutical, agriculture, and oil & gas industries. In addition, rising GDP, growing disposable income, and rapid urbanization in developing countries have also contributed to the demand for MCA, globally.

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CMC
MCA is one of the major ingredients used in the manufacturing of CMC. CMC is used in a wide range of products including food, pharmaceuticals, oil field admixtures, cosmetics, and textiles. CMC is produced by reacting MCA with cellulose in an alkali-catalyzed reaction, followed by the addition of sodium hydroxide (NaOH) to produce sodium salts. CMC can be produced in three grades.

The resultant mixture from the initial reaction called technical CMC is used mainly in the production of detergents. A more purified form which is obtained after the removal of salts is used in industries such as food, pharmaceutical, and oral health care. An intermediate form of CMC is used in the paper industry to restore old documents for archives.

Agrochemicals
In agrochemicals, MCA is mainly used as a chemical intermediate for the formulation of herbicides and pesticides. Chloroacetic acid and methyl chloroacetate are also used for producing insecticides, such as dimethoate, 2-methyl-4-chlorophenoxyacetic acid (MCPA), benazoline, and methyl b-naphthyloxyacetate. These are prepared by alkylation with chloroacetic acid and are some of the most widely used herbicides and pesticides, globally.

Surfactants

MCA is also used in the production of mild betaine amphoteric surfactants, for instance, N-alkyl betaine, which are used in cleaners and personal care products. Amphoteric surfactants are chemicals, which can form cation or anion from hermaphroditic ions. They are mainly formed through the alkylation of chloroacetic acid. Amphoteric surfactants have low toxicity, antibacterial properties, excellent resistance to hard water, and good compatibility with various kinds of surfactants. These are used in the personal care products, such as shampoos, shower gels, liquid soaps, and other cosmetics. These are also used in the production of liquid detergents used in applications such as dishwashing liquids, all-purpose cleaners, and car cleaners.

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Asia Pacific is projected to be the largest market for MCA during the forecast period. The demand for MCA is high in this region due to the large industrial base and improving lifestyles of the population. In addition to this, the increasing use of MCA for applications such as CMC, agrochemicals, and surfactants in emerging economies, such as India, China, and Indonesia also drive the Asia Pacific MCA market.

Some of the key players in the MCA market include AkzoNobel (Netherlands), CABB (Germany), Daicel Corporation (Japan), PCC SE (Germany), Niacet Corporation (US), Shandong Minji Chemical (China), Denak Co. (Japan), Kaifeng Dongda Chemical Company (China), and Meridian Chem-Bond (India). Joint venture and acquisition were the major growth strategies adopted by the market players between 2014 and 2017 to cater to the demand for MCA in emerging economies.

Growing disposable income, changing lifestyle, and increasing demand from the building & construction industry are expected to drive the growth of the monochloroacetic acid market

The monochloroacetic acid (MCA) market is projected to reach USD 908.9 million by 2022, at a CAGR of 3.6% between 2017 and 2022. Asia Pacific is expected to be the largest market for MCA and is also projected to witness the highest growth during the forecast period. The growth of the market in this region can be attributed to rising population, growing urbanization, increasing demand from the building & construction industry, growing disposable income, and changing lifestyle in emerging countries of the region. These factors are expected to attract multinational companies to invest more in Asia Pacific countries like India and China.

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The MCA market is expected to witness high growth in emerging economies, such as China, India, and Indonesia. Factors such as increasing disposable income and changing lifestyles of the middle-class population in these countries are expected to fuel the demand for personal care products, textiles, detergents, crop protection chemicals, and medicines. The growth of these industries propels the consumption of carboxymethylcellulose (CMC), which consequently drives the demand for MCA in the aforementioned economies. Additionally, the growth of the building & construction industry drives the consumption of CMC and thioglycolic acid (TGA), which, in turn, drives the demand for MCA in the Asia Pacific region.

Based on product form, the liquid segment is projected to register the highest growth rate. The high growth in the use of liquid MCA is due to its easy miscibility as an intermediate, and efficient operation. Increased R&D activities to develop new and innovative products for use across a wide range of application areas are expected to boost the growth of the MCA market during the forecast period.

The surfactants segment is projected to be the fastest-growing application segment between 2017 and 2022. Surfactant-based face wash, gel, and hair cream, among other personal care products, are replacing conventional products, owing to their cleansing ability, ease of usage, and customization. The increasing use of MCA in the manufacturing of amphoteric surfactants, such as betaines and imidazolines, is expected to boost the surfactant market during the forecast period. Increasing adoption of surfactants in the cosmetic industry in developing countries, such as India, China, Indonesia, and Brazil, is expected to drive the demand for MCA in this application. Increasing disposable income and changing lifestyles of consumers are key growth drivers for the surfactants market in emerging countries.