Reports and Data estimates the global Chloroacetic acid competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Chloroacetic acid during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include AkzoNobel N.V., CABB GmbH, Daicel Corporation, Denak Co. Ltd., The Dow Chemical Company, PCC SE, Niacet Corporation, Xuchang Dongfang Chemical Co. Ltd., Shandong Minji Chemical Co. Ltd., and Shiv Chem Industries.
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Chloroacetic acid Overview :-
Increasing demand for MCA for formulation of drugs in the pharmaceutical industry and detergent formulations are other major factors expected to drive growth of the global chloroacetic acid market. Chloroacetic acid market revenue growth is also expected to be driven by rising demand for synthesis of carboxymethylcellulose, glycine, and thioglycolic acid. High amounts of Chloroacetic acid is used for manufacturing of CMC, also called cellulose gel. CMC is used in the food and beverages industry for manufacturing products such as powdered drinks, alcoholic and non-alcoholic beverages, and ice-creams. Thus, increasing demand for CMC is expected to result in higher adoption of chloroacetic acid, thereby, driving market growth.
Chloroacetic acid is also used for manufacturing other chemicals including carcosines, mercapto acetic acid, glycolic acid, substituted guar-gums, chloro acetamides, coumarin, chloroacetic acid esters, barbituric acid, phenoxy acetic acid, ethylenediamineetetraacetic acid, cyano acetic acid, amino acetic acids, malono nitrite, and malonic acid. Increasing concerns regarding hygiene and cleanliness has led to need for personal care products, detergents, and washing soaps. This is expected to boost demand for MCA as it is required for production of these hygiene products, thereby drive market growth.
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For the purpose of this report Reports and Data has segmented global Chloroacetic acid market on the basis of type, application, and region:
By Process Type Outlook
By Product Type Outlook
· Dry Powder
By Application Outlook
· Thioglycolic Acid
Key Regional Markets Covered in the Report:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
· What is the expected year-on-year growth of the Chloroacetic acid during the forecast period?
· What key trends are expected influence revenue growth of the market going ahead?
· Which region is expected to account for largest revenue share over the forecast period?
· Which key companies are profiled in the report?
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