The global chloroacetic acid market was valued at US$ 1,403.2 Million in 2017 and is expected to register a CAGR of 6.87% in terms of revenue, over the forecast period (2018 – 2026), to reach US$ 2,654.1 Million by 2026.

Chloroacetic acid is a specialty organochlorine compound and building block in organic synthesis. Hence, it used in the production of various chemical compounds, agrochemicals, dyes, and drugs. Chloroacetic acid is used to prepare or produce industrial chemicals and is used as a thickening agent or chemical intermediate in carboxymethylcellulose (CMC) and carboxymethyl starch. It also produces thioglycolic acid and glycine, which is a major precursor to the production of glyphosate. Chloroacetic acid is a synthetic organic intermediate used as an acidic derivative such as salt, acyl chloride, ester, hydrazide, anhydride, and amide due to high reactivity of the carboxylic acid group and substitution of the direct interaction of a Cl atom.

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Market Dynamics

Rising demand for monochloroacetic acid due to its application in agriculture industry is driving growth of the global chloroacetic acid market. Monochloroacetic acid is a carboxylic acid, which is formed by chlorination of acetic acid. It is a colorless, crystalline solid and is highly soluble in water. Carboxylic acid is a useful building block in organic synthesis. Monochloroacetic acid is used for the production of thickening agent. In agriculture industry, carboxymethyl cellulose acts as a suspending agent and is used in pesticides and sprays.

However, government regulations for chloroacetic acid is restraining growth of global chloroacetic acid market. For instance, according to the European Chemicals Agency, producers of monochloroacetic acid (MCAA), an organic chemical used as an intermediate in the manufacture of various products, have been fined as it is polluting the environment and is toxic. This decision further led to an investigation regarding alleged arrangements affecting competition in certain markets for MCAA.

On the basis of region, Europe accounted for the second largest market share in the global chloroacetic acid market in 2017 due to significant demand of trichloroacetic acid. Rising demand for trichloroacetic acid is driving growth of the chloroacetic acid market, owing to its benefits and applications in the cosmetic industry including chemical peels and tattoo removal and topical medications for chemoablation of warts such as genital warts. For instance, according to the U.S. Department of Commerce’s International Trade Administration, France cosmetics industry was valued at US$ 18.2 billion in 2016, which increased to US$ 19.5 billion in 2017.

Key features of the study:

• This report provides in-depth analysis of chloroacetic acid market and provides market size (US$ Millions & Kilo Tons) and compound annual growth rate (CAGR %) for the forecast period (2018 – 2026), considering 2017 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
• It profiles leading players in the global chloroacetic acid market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans

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Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]

The global chloroacetic acid market was valued at US$ 1,403.2 Million in 2017 and is expected to register a CAGR of 6.87% in terms of revenue, over the forecast period (2018 – 2026), to reach US$ 2,654.1 Million by 2026.

Chloroacetic acid is a specialty organochlorine compound and building block in organic synthesis. Hence, it used in the production of various chemical compounds, agrochemicals, dyes, and drugs. Chloroacetic acid is used to prepare or produce industrial chemicals and is used as a thickening agent or chemical intermediate in carboxymethylcellulose (CMC) and carboxymethyl starch. It also produces thioglycolic acid and glycine, which is a major precursor to the production of glyphosate. Chloroacetic acid is a synthetic organic intermediate used as an acidic derivative such as salt, acyl chloride, ester, hydrazide, anhydride, and amide due to high reactivity of the carboxylic acid group and substitution of the direct interaction of a Cl atom.

Get a Sample Copy + All Related Graphs & Charts:  https://www.coherentmarketinsights.com/insight/request-sample/2347

Market Dynamics

Rising demand for monochloroacetic acid due to its application in agriculture industry is driving growth of the global chloroacetic acid market. Monochloroacetic acid is a carboxylic acid, which is formed by chlorination of acetic acid. It is a colorless, crystalline solid and is highly soluble in water. Carboxylic acid is a useful building block in organic synthesis. Monochloroacetic acid is used for the production of thickening agent. In agriculture industry, carboxymethyl cellulose acts as a suspending agent and is used in pesticides and sprays.

However, government regulations for chloroacetic acid is restraining growth of global chloroacetic acid market. For instance, according to the European Chemicals Agency, producers of monochloroacetic acid (MCAA), an organic chemical used as an intermediate in the manufacture of various products, have been fined as it is polluting the environment and is toxic. This decision further led to an investigation regarding alleged arrangements affecting competition in certain markets for MCAA.

On the basis of region, Europe accounted for the second largest market share in the global chloroacetic acid market in 2017 due to significant demand of trichloroacetic acid. Rising demand for trichloroacetic acid is driving growth of the chloroacetic acid market, owing to its benefits and applications in the cosmetic industry including chemical peels and tattoo removal and topical medications for chemoablation of warts such as genital warts. For instance, according to the U.S. Department of Commerce’s International Trade Administration, France cosmetics industry was valued at US$ 18.2 billion in 2016, which increased to US$ 19.5 billion in 2017.

Key features of the study:

• This report provides in-depth analysis of chloroacetic acid market and provides market size (US$ Millions & Kilo Tons) and compound annual growth rate (CAGR %) for the forecast period (2018 – 2026), considering 2017 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
• It profiles leading players in the global chloroacetic acid market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans

Hurry Up…and Get a 2000$ Discount On a Price…!!!https://www.coherentmarketinsights.com/insight/request-discount/2347 

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]