What is Sodium Monochloro Acetate Market?
Sodium Monochloro Acetate is the derivative of monochloroacetic acid that is produced by naturalization with alkali. It is white in color and highly corrosive and toxic material used as an herbicide and defoliant. It is widely used in the production of crop protection chemicals, textile chemicals like dying. However, sodium monochloro acetate is also used in the formation of hydrochloric acid, sodium glycolate, barbituric acid, amino acetic acid, chloroacetic acid, etc. in chemical industries.
The market study is being classified, by Application (Agrochemicals, Textile, Pharmaceuticals, Cleaning Products, Chemical and Others) and major geographies with country level break-up.
Abhishek Impex (India), Nouryon (Netherlands), Sigma-Aldrich (United States), Loba Chemie (India), Ayush Enterprise (India), Chemdyes Corporation (India), Eximcan (Canada), TerraTech (India), Remedy Labs (India), Niacet Corporation (United States) and Azelis Holding S.A. (Belgium) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Indian Vendors will contribute to the maximum growth of Global Sodium Monochloro Acetate market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Sodium Monochloro Acetate market by Type, Application and Region.
On the basis of geography, the market of Sodium Monochloro Acetate has been segmented into 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand of Sodium Monochloro Acetate As An Ingredients in the Production of Organic and Textile Chemicals
- Increasing Use of Sodium Monochloro Acetate in Various Chemical Production
- Growing Consumption of Sodium Monochloro Acetate in Production of Glycine, Maleanates, and Vitamins As Well As Cleaning Products
- Government Stringent Regulations and Fluctuating Raw Material Price Will Restraint the Growth
- Increasing Adoption of Glycolic Acid, Carboxymethyl Cellulose and Other Agrochemicals for Plant Stabilizer, Crop Protection, Etc.
- Availability of Alternatives or Substitutes At Cheaper Price
Market Leaders and some development strategies
In April 2021, Nouryon partnered with Atul Ltd. to start the production of chemicals Anaven facility in Gujarat to meet the growing demand. It is the largest monochloroacetic acid (MCA) production site in the country and uses MCA directly for its own production of crop protection chemicals. The partnership will help both the companies to meet the rapidly growing demand from India’s agricultural, personal care and pharmaceuticals markets.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Sodium Monochloro Acetate Manufacturers, Suppliers and Distributors of Sodium Monochloro Acetate, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Sodium Monochloro Acetate Market?
"Increasing Demand of Sodium Monochloro Acetate As An Ingredients in the Production of Organic and Textile Chemicals
" is seen as one of major growth factors of Sodium Monochloro Acetate Market in years to come.
2. Can we have customized study for Sodium Monochloro Acetate Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Sodium Monochloro Acetate Market?
will lead the Sodium Monochloro Acetate Market.