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Jan. 17, 2021, 2:08 a.m. EST

Monochloroacetic Acid Market – Trends, Size, Share, Growth, Demand and Regional Outlook by 2023

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Jan 17, 2021 (Heraldkeepers) -- Market Definition:

Monochloroacetic Acid (MCAA) Market is having a prolific run at present and can expect a safe passage growth-wise is owing to its popularity in the agricultural sector. Monochloroacetic acid is a specialty organochlorine compound that is colorless, crystalline structured mass, and highly soluble in water. The product is becoming widely popular in all the major agricultural countries where the cultivability and infertility of land are perturbing issues. The component is also required in the production of carboxyl methyl cellulose (CMC), a necessary water retention agent and viscosity modifier for oil drilling activities. The global monochloroacetic acid market is expecting robust growth with which it can exceed the expected market valuation during the forecast period (2020-2023), explains Market Research Future (MRFR). This extensively studied report encompasses segmental analysis depending on various parameters, drivers that can impact the global market significantly in the coming years, and the latest updates of different market players.

Get a Free Sample of This Reports @ https://www.marketresearchfuture.com/sample_request/5991

Market Scenario and Growth Factors:

Monochloroacetic Acid Market Analysis is becoming popular among pharmaceutical manufacturers where its use as a component in the production of maleates, ibuprofen, diclofenac sodium, n-glycine, and others. Personal care and cosmetics industry is also having significant use of the component as a thickener. In the production of PVC resins, the component is gaining traction as well. As a by-product of monochloroacetic acid, sodium chloroacetate is garnering accolades as herbicide which can propel the Monochloroacetic Acid Market Analysis. In the textile industry, monochloroacetic acid finds use as an intermediate in the production of indigo dyes. The demand is burgeoning as the fashion industry is finding it challenging to maintain the pace with the constantly changing trends of fashion. But the monochloroacetic acid market can find it difficult to stay apace as the price of the raw materials fluctuates quite often.

Competitive Analysis:

Notable players of the Monochloroacetic Acid Market as profiled in the report of MRFR are:

  • Akzo Nobel N.V. (Netherlands)

  • The Dow Chemical Company (U.S.)

  • CABB GmbH (Germany), Denak Co., Ltd (Japan)

  • Daicel Corporation (Japan)

  • PCC SE (Germany)

  • Niacet (U.S.)

  • Xuchang Dongfang Chemical Co. Ltd. (China)

  • Shiv Chem Industries (India)

  • Abhishek Impex (India)

  • Shandong Minji Chemical Co., Ltd. (China)

  • Jubilant Life Sciences Ltd. (India)

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