Chloroacetic Acid Market Business Strategy, Players Data, Recent Trends, Segments Analysis, Future Opportunity and Forecasts

 



  Chloroacetic acid, also known as Chloroacetic acid (MCA), is a bifunctional acid with a molecule structure. Pure MCA is a colorless, deliquescent crystalline mass at room temperature. It is extremely soluble in water and is freely soluble in methanol, ethanol, isopropanol, diethyl ether, and acetone. It is widely used as a chemical intermediate in the synthesis of a wide range of industrially and commercially important chemicals, including glycine, CMC, TGA, and cyanoacetic acid. It is also used to make betaine-type surfactants, synthetic caffeine, and vitamins, as well as 2, 4-D, and methanoates for herbicides. MCA is commercially produced by chlorinating acetic acid as a catalyst during the production of acetic anhydride.

  Chloroacetic acid is a halogenated acetic acid derivative that is used in the production of drugs, drilling fluids, pesticides, and dyes. Growing agriculture industries in Brazil, India, and China, as a result of favorable government regulatory support and raw material access, are expected to drive pesticide demand, which will drive chloroacetic acid market growth. The Environmental Protection Agency (EPA) and the European Commission have developed regulatory standards aimed at reducing volatile organic compound (VOC) emissions, which have increased demand for bio-based chemicals and will harm the industry.

  Because the product is a strong keratolytic and caustic topical agent, it can be used in a variety of medicines to treat verrucae, atherosclerosis, and skin lesions. Rising demographic aging in countries such as Japan and the United States is expected to have a positive impact over the forecast period.

  Over the forecast period, Asia Pacific will be a profitable chloroacetic acid industry due to rising agricultural industries in India and China, as well as regulatory incentives to increase domestic production output. The market is expected to be driven by the development of pesticides, dyes, pharmaceutical, and chemical industries in China, owing to low manufacturing costs and easy raw material access.

 

  AkzoNobel, CABB, Denak, Dow, Daicel, Niacet, Meghmani Finechem, Meridian, IOL Chemicals and Pharmaceuticals, Shri Chlochem are some of the major players.

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