The Global Monochloroacetic Acid Market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Monochloroacetic Acid market in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market.
Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
The global monochloroacetic acid market size reached USD 908.90 million in 2022 and is expected to register a revenue CAGR of 5.2 % during the forecast period, according to latest analysis by Emergen Research. Rising demand for monochloroacetic acid for precision farming practices and rapid adoption to increase food production capacity is significantly driving the growth of the market. Monochloroacetic Acid is increasingly procured by agriculture industries for sustainability practices, owing to the awareness of government and international agencies. According to World Economic Forum (WEF), globally 100 million farmers participating together with different stakeholders to promote a shift towards food systems that have zero net emissions and positively impact nature by 2030. Globally various industries are witnessing urgent requirements to reduce the use of chemical pesticides and other potentially dangerous agrochemicals, which could lead to environmental issues such as decreased biodegradability, and soil toxicity. Monochloroacetic acid plays a crucial demand in filling demand gaps in bio-based compounds and organic compounds. These factors are driving growth of the market.
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Additional information offered by the report:
- Along with a complete overview of the global Monochloroacetic Acid market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
- The report elaborates on the global Monochloroacetic Acid market size and share governed by the major geographies.
- It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
- It further presents a detailed description of the company profiles of the key market contenders.
In conclusion, the Monochloroacetic Acid Market report is an exhaustive database that will help readers formulate lucrative strategies. The Monochloroacetic Acid Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
The major companies Covered in the report are:
Akzo Nobel N.V., BASF SE, Dow Chemical Company, Nouryon Chemicals Holding B.V., DuPont de Nemours, Inc, Merck KGaA, Lonza Group Ltd, Thermo Fisher Scientific Inc., Daicel Corporation, Kerry Group plc, Henan GP Chemicals Co., Ltd, Atul Ltd, Shandong Minji Chemical Co., Ltd, Denak Co., Ltd., Anugrah In-Org (P) Limited, and among others
The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.
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Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Monochloroacetic Acid market expected to boost the growth of the industry in the coming years.
Monochloroacetic Acid Market Segmentation:
Form Outlook (Revenue, USD Million; 2019-2032)
Application Outlook (Revenue, USD Million; 2019-2032)
- Herbicides and Insecticides
- Carboxymethyl cellulose (CMC)
- Thioglycolic Acid (TGA)
- 2,4-Dichlorophenoxyacetic acid
End-Use Outlook (Revenue, USD Million; 2019-2032)
- Specialty Chemicals
- Food industry
- Water treatment
- Others (Textile, Paper, and pulp)
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Key Questions Answered in the Report:
What is the growth rate of the Monochloroacetic Acid market? What is the anticipated market valuation of Monochloroacetic Acid industry by?
What are the key growth driving and restraining factors of the Monochloroacetic Acid market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Monochloroacetic Acid industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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