AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Monochloroacetic Acid market - Global outlook to 2024". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Monochloroacetic Acid market.
The End Users, such as Pharmaceutical Industry, is boosting the Monochloroacetic Acid market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to AMA research team, the Global Monochloroacetic Acid market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Increasing Demand for Carboxymethylcellulose (CMC), Thioglycolic Acid, and Glycine, Growing Demand for Agrochemicals and Increasing Awareness Regarding Water & Wastewater Treatment.
Monochloroacetic Acid industrially known as Chloroacetic acid is building block in organic synthesis and is used for the production of various compounds, drugs, dyes, and agrochemicals. Chloroacetic acid is used to make or produce industrial chemicals and also as a thickening agent in a carboxymethylcellulose (CMC) and carboxymethyl starch. These acids are synthetic organic intermediate which is used as an acidic replica such as salt, hydrazide, and amide. Owing to the increasing demand for Monochloroacetic acid for the production of glycine is driving the market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Monochloroacetic Acid market by Type (Crystalline, Liquid and Flakes), by Application (CMC, Agrochemicals, Surfactants, TGA and Other) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market