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Monochloroacetic Acid Market Size (2024 - 2029)

The monochloroacetic acid market is experiencing growth driven by increased demand from the pharmaceutical industry and heightened production of agrochemicals. Despite challenges such as reduced detergent consumption and supply chain disruptions due to the COVID-19 pandemic, government support for agriculture and pharmaceuticals is fostering market expansion. The market's potential is further enhanced by opportunities arising from the rising use of cyanoacetic acid. The Asia-Pacific region leads in market consumption, with significant contributions from China and India.

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Market Size of Monochloroacetic Acid Industry

Monochloroacetic Acid Market Summary
Study Period 2019 - 2029
Market Volume (2024) 580.28 kilotons
Market Volume (2029) 713.84 kilotons
CAGR (2024 - 2029) > 4.20 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Monochloroacetic Acid Market Major Players

*Disclaimer: Major Players sorted in no particular order

Monochloroacetic Acid Market Analysis

The Monochloroacetic Acid Market size is estimated at 580.28 kilotons in 2024, and is expected to reach 713.84 kilotons by 2029, growing at a CAGR of greater than 4.20% during the forecast period (2024-2029).

  • Over the short term, the increasing demand from the personal care and pharmaceutical industries and the growing demand from the agrochemicals industry are the major factors driving the growth of the market studied.
  • However, the stringent regulations related to monochloroacetic acid are a key factor anticipated to restrain the growth of the target industry over the forecast period.
  • Nevertheless, the rising usage of cyanoacetic acid is likely to create lucrative growth opportunities for the global market soon.
  • Asia-Pacific dominated the market across the world, with the largest consumption coming from China and India.

Monochloroacetic Acid Industry Segmentation

Monochloroacetic acid (MCA) is a crystalline acid produced through the direct chlorination of acetic acid, primarily employed in organic synthesis. It exhibits a moderate vapor pressure at room temperature, ranging from 0.2 hectopascals (hPa) in its crystalline form to 10 hPa when dissolved in water.

The monochloroacetic acid market is segmented by chemical application, end-user industry, and geography. By chemical application, the market is segmented into glycine, carboxymethylcellulose (CMC), surfactants, 2,4-dichloro phenoxy acetic acid, thioglycolic acid, and other applications. By end-user industry, the market is segmented into personal care and pharmaceuticals, agrochemicals, geological drillings, dyes and detergents, and other end-user industries. The report also covers the market size and forecasts for the monochloroacetic acid market in 27 countries across major regions. For each segment, the market sizing and forecasts were made on the basis of volume (kilotons).

By Chemical Application
Glycine
Carboxymethylcellulose (CMC)
Surfactants
2,4-Dichloro Phenoxy Acetic Acid
Thioglycol Acid
Other Applications
By End-user Industry
Personal Care and Pharmaceuticals
Agrochemicals
Geological Drillings
Dyes and Detergents
Other End-user Industries
By Geography
Asia-Pacific
China
India
Japan
South Korea
Malaysia
Thailand
Indonesia
Vietnam
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Spain
Nordic Countries
Turkey
Russia
Rest of Europe
South America
Brazil
Argentina
Colombia
Rest of South America
Middle East and Africa
Saudi Arabia
Qatar
United Arab Emirates
Nigeria
Egypt
South Africa
Rest of Middle East and Africa
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Monochloroacetic Acid Market Size Summary

The monochloroacetic acid market is poised for significant growth, driven by its essential applications in the pharmaceutical and personal care industries. The demand for monochloroacetic acid is bolstered by its use in the production of various pharmaceutical products, including ibuprofen and vitamins, as well as its role in manufacturing betaines for hair care products. The personal care sector, particularly in regions like Asia-Pacific, is experiencing a surge in demand due to rising disposable incomes and changing consumer preferences, which in turn fuels the need for monochloroacetic acid. Despite challenges such as the decline in detergent consumption, the market is expected to benefit from the increasing use of cyanoacetic acid, presenting new growth opportunities.

Asia-Pacific dominates the global monochloroacetic acid market, with China and India leading in consumption due to their expanding pharmaceutical and personal care industries. The region's growth is supported by the increasing demand for personal care products and the robust pharmaceutical sector, which is expected to continue its expansion. The market is characterized by a partially fragmented nature, with key players like Nouryon and Merck KGaA actively contributing to capacity expansions to meet the rising demand. The recovery of the beauty and personal care industry, along with strategic investments in production capacity, underscores the market's potential for sustained growth in the coming years.

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Monochloroacetic Acid Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand from the Personal Care and Pharmaceutical Industry

      2. 1.1.2 Growing Demand from the Agrochemicals Industry

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Stringent Regulations To Hinder Market Growth

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter Five Forces

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 By Chemical Application

      1. 2.1.1 Glycine

      2. 2.1.2 Carboxymethylcellulose (CMC)

      3. 2.1.3 Surfactants

      4. 2.1.4 2,4-Dichloro Phenoxy Acetic Acid

      5. 2.1.5 Thioglycol Acid

      6. 2.1.6 Other Applications

    2. 2.2 By End-user Industry

      1. 2.2.1 Personal Care and Pharmaceuticals

      2. 2.2.2 Agrochemicals

      3. 2.2.3 Geological Drillings

      4. 2.2.4 Dyes and Detergents

      5. 2.2.5 Other End-user Industries

    3. 2.3 By Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Malaysia

        6. 2.3.1.6 Thailand

        7. 2.3.1.7 Indonesia

        8. 2.3.1.8 Vietnam

        9. 2.3.1.9 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Spain

        6. 2.3.3.6 Nordic Countries

        7. 2.3.3.7 Turkey

        8. 2.3.3.8 Russia

        9. 2.3.3.9 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Colombia

        4. 2.3.4.4 Rest of South America

      5. 2.3.5 Middle East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 Qatar

        3. 2.3.5.3 United Arab Emirates

        4. 2.3.5.4 Nigeria

        5. 2.3.5.5 Egypt

        6. 2.3.5.6 South Africa

        7. 2.3.5.7 Rest of Middle East and Africa

Monochloroacetic Acid Market Size FAQs

The Monochloroacetic Acid Market size is expected to reach 580.28 kilotons in 2024 and grow at a CAGR of greater than 4.20% to reach 713.84 kilotons by 2029.

In 2024, the Monochloroacetic Acid Market size is expected to reach 580.28 kilotons.

Monochloroacetic Acid Market Report Snapshots

Monochloroacetic Acid Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)