A comprehensive report on the Global Monochloroacetic Acid Market has been published by Reports and Data that offers insightful data about market dynamics, drivers, restraints, current and emerging trends, market size, market share, and revenue growth of the market. The report provides a brief overview of the industry and gives an estimation of growth and revenue for the forecast period of 2021-2028. The global monochloroacetic acid market is forecast to reach USD 893.0 Million by 2028, according to a new report by Reports and Data. Monochloroacetic acid (MCAA) is a colorless material, which is highly soluble in water and in organic solvents. The vapor pressure at room temperature is moderate. It has a pungent odor. MCAA being acidic, therefore, can cause skin irritation upon contact with a MCAA solution and can cause skin corrosion and conjunctival burns upon contact with more concentrated solutions. The systemic toxicity of MCAA is caused by inhibition of certain enzymes of the glycolytic cycle.
The major industrial use of Monochloroacetic acid is in the manufacture of carboxymethyl cellulose (CMC). CMC is used in a broad range of applications, including textiles, food, detergents, pharmaceuticals, drilling muds, coatings, and cosmetics. The market for Monochloroacetic acids is influenced by the rising demand for home cleaning products, the evolution of environment friendly chemicals required by textile industries, and the development of pharmaceutical industries, which require large Monochloroacetic acids.
The above-mentioned factors together create opportunities for market growth, while factors such as environment-detrimental effects of Monochloroacetic acids pose limitations in the market. These restraining factors include hazardous effects to humans and can cause skin as well as eye diseases. Consistent developments in the Monochloroacetic Acid Market owing to innovative efforts have enhanced the productivity as well as safety features of Monochloroacetic acids.
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The populace of Asia Pacific has been shifting towards the youth, and the purchasing potential of this population is also increasing. The developing countries are looking at China and India as global market leaders. These countries consist of over 40% population across the globe, and rising industries such as textiles, personal care, and pharmaceuticals shall further surge the market growth in this region.
Key participants are:
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, among others.
Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented into the global Monochloroacetic Acid Market on the basis of process type, product type, applications, and region:
Process Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
Applications Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
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