DUBLIN, Aug. 28, 2014 /PRNewswire/ -- Research and
Markets has announced the addition of the "Global
Monochloroacetic Acid (MCA) Market for Cellulosics, Agrochemicals,
Surfactants, Thioglycolic Acid (TGA) and Other Applications -
Trends and Forecast to 2020" report to their offering.
http://photos.prnewswire.com/prnh/20130307/600769
Monochloroacetic acid is a colorless, crystalline, water-soluble
compound obtained by the reaction of acetic acid with chlorine. It
is used to manufacture versatile intermediates required to
synthesize chemicals such as carboxymethyl cellulose (CMC), 2, 4-D,
glycine, thioglycolic acid, synthetic caffeine and barbiturates.
Monochloroacetic acid is a halogenated derivative of acetic acid
that is used as a building block in organic synthesis. It exists in
three crystal modifications: alpha, beta and gamma. Commercial MCA
is produced in the alpha form and is available as flakes or in
water solution. Major end-user industries for monochloroacetic acid
include oil drilling, personal care, agrochemicals, construction
and dyes.
Key applications of monochloroacetic acid can be segmented as
cellulosics, agrochemicals, surfactants, thioglycolic acid and
others. Cellulosics was the largest application segment and
accounted for over 32% of the total MCA market in 2013. MCA is
extensively used in cellulosics (predominantly carboxymethyl
cellulosics) and in agrochemicals such as glyphosate, 2, 4-D and
dimethoate, among others. MCA is the main ingredient for producing
glyphosate. Carboxymethyl cellulose (CMC) is used as a thickening
agent in a wide range of products. These include oil field
admixtures, foods, cosmetics, pharmaceuticals and textiles. It is
produced through the reaction of MCA with cellulose. Demand for CMC
is expected to rise exponentially due to an increase in industrial
applications. This, in turn, is likely to boost demand for MCA
during the forecast period. Additionally, a major portion of the
total MCA is consumed in the manufacture of agrochemicals such as
2, 4-dichlorophenoxyacetic acid (2, 4-D), glyphosate and
dimethoate. Demand for these agrochemicals is high in agrarian
economies such as China,
India and Brazil. This trend is anticipated to continue
over the next few years. This, in turn, is estimated to drive
demand for monochloroacetic acid in the near future. However,
volatility in raw material prices may hamper the overall
monochloroacetic acid market.
Asia Pacific was the leading
market for monochloroacetic acid in 2013, followed by Europe. The global monochloroacetic acid
market is likely to be driven by China due to increasing industrialization in
the country. China consumes more
than 50% of MCA produced globally each year. This trend is expected
to continue over the next few years owing to the presence of
various end-user industries in China, which require MCA on a large scale for
the manufacture of various products. Thus, demand for MCA in
China is a primary driver for the
global MCA market. Monochloroacetic acid is majorly used to
manufacture CMC in Europe.
However, the use of CMC has declined in the recent years due to
closure of plants in the region owing to the fluctuation in raw
material prices. This, in turn, has adversely affected demand for
MCA in Europe. North America is expected to witness steady
growth during the forecast period. Rest of the World is anticipated
to experience substantial growth during the forecast period owing
to high demand for agrochemicals and CMC from Brazil.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Monochloroacetic Acid - Industry Analysis
Chapter 4 Global Monochloroacetic Acid Market - Application
Analysis
Chapter 5 Monochloroacetic Acid Market - Regional Analysis
Chapter 6 Company Profiles
Companies Mentioned:
- AkzoNobel N.V.
- CABB GmbH
- Daicel Corporation
- Denak Co., Ltd
- MCAA SE
- Niacet Corporation
- The Dow Chemical Company
- Xuchang Dongfang Chemical Co. Ltd.
For more information visit
http://www.researchandmarkets.com/research/s5pqqv/monochloroacetic
Media Contact: Laura Wood,
+353-1-481-1716, press@researchandmarkets.net