The monochloroacetic acid (MCA) market was valued at USD 733.4 million in 2016 and is projected to reach USD 908.9 million by 2022, at a CAGR of 3.6% during the forecast period.

Market Dynamics

• Increasing demand for CMC
• Growing demand for agrochemicals

• High demand from the construction industry of emerging economies

• Harmful effects of MCA exposure

Get discount on customization of report @ https://www.marketsandmarkets.com/discountreports.asp?id=120010112

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.

The CMC segment is expected to be the largest application segment of the MCA market during the forecast period, in terms of both value and volume. This application segment accounted for about 50% of the market share in 2016. CMC is used in a wide range of end-use industries, such as construction, detergent, paper, agriculture, adhesive, cosmetic, paint, oil, plastic, ceramic, textile, pharmaceutical, food, and medicine. In the food & beverages industry, CMC is used as a thickening agent and to stabilize emulsions in various products. In the cosmetic industry, CMC is used in products such as toothpaste, laxatives, diet pills, water-based paints, detergents, and textile sizing. CMC is also used in the oil & gas industry as a thickening agent in drilling mud, where it functions as a viscosity modifier and water retention agent. The growth of these industries drives the demand for CMC, globally.

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 region’s large industrial base. Additionally, the increasing use of MCA in CMC and agrochemicals industries and related growth in emerging economies, such as India, China, and Indonesia, also drive the MCA market growth in this region. The Asia Pacific MCA market is also projected to witness the highest growth during the forecast period, owing to the rising urbanization and living standards, which, in turn, is expected to boost the demand for surfactants in personal care and cosmetic industries in the region during the forecast period.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst