The global monochloroacetic acid market size reached USD 908.90 million in 2022 and is expected to register a revenue CAGR of 5.2 % during the forecast period, according to latest analysis by Emergen Research. Rising demand for monochloroacetic acid for precision farming practices and rapid adoption to increase food production capacity is significantly driving the growth of the market. Monochloroacetic Acid is increasingly procured by agriculture industries for sustainability practices, owing to the awareness of government and international agencies. According to World Economic Forum (WEF), globally 100 million farmers participating together with different stakeholders to promote a shift towards food systems that have zero net emissions and positively impact nature by 2030. Globally various industries are witnessing urgent requirements to reduce the use of chemical pesticides and other potentially dangerous agrochemicals, which could lead to environmental issues such as decreased biodegradability, and soil toxicity. Monochloroacetic acid plays a crucial demand in filling demand gaps in bio-based compounds and organic compounds. These factors are driving growth of the market.

The latest market study, Monochloroacetic Acid Market blends in qualitative and quantitative research techniques to present vital data on the competitive landscape for the period of 2024 –2033 .This research allows the business owners/individuals/ stakeholders to collect decisive information about market segmentation based on product category, usage and sale volume across the various geographical regions. Business stakeholders can prepare effective expansion plan by using the statistics on market share, size and the growth rate discussed in the report. Unmatched information on past, present and upcoming market trends covered in the study offer lucidity on the future projection of the industry.

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How will this Report Benefit you?

An Emergen Research report of 250 pages features 194 tables, 189 charts, and graphics. Our new study is ideal for anyone who wants to learn about the global Monochloroacetic Acid market commercially and deeply, as well as to analyze the market segments in depth. With the help of our recent study, you can analyze the entire regional and global market for Monochloroacetic Acid . To increase market share, you must obtain financial analysis of the entire market and its segments. Our research suggests there are significant opportunities in this rapidly expanding market for energy storage technology. Look at how you might take advantage of these revenue-generating opportunities. Additionally, the research will help you develop growth strategies, strengthen competitor analysis, and improve business productivity by enabling you to make better strategic decisions.

Effect of COVID-19 on the global market for Monochloroacetic Acid

The COVID-19 pandemic had a significant negative influence on the market for Monochloroacetic Acid in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Monochloroacetic Acid were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Monochloroacetic Acid in 2020. Additionally, demand for Monochloroacetic Acid decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.

Monochloroacetic Acid market : Competitive Landscape

The prominent players operating in the Monochloroacetic Acid market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Monochloroacetic Acid market .

Akzo Nobel N.V., BASF SE, Dow Chemical Company, Nouryon Chemicals Holding B.V., DuPont de Nemours, Inc, Merck KGaA, Lonza Group Ltd, Thermo Fisher Scientific Inc., Daicel Corporation, Kerry Group plc, Henan GP Chemicals Co., Ltd, Atul Ltd, Shandong Minji Chemical Co., Ltd, Denak Co., Ltd., Anugrah In-Org (P) Limited, and among others

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the Global Monochloroacetic Acid Market Research Report provides forecasts and future market projections, equipping businesses with the necessary tools to plan ahead. The report’s forward-looking approach, backed by data-driven predictions, ensures that companies can navigate the evolving market landscape with confidence. Through a combination of current market analysis and future outlook, the report serves as an invaluable resource for businesses aiming for long-term success.

Based on types, the market is segmented into

• Form Outlook (Revenue, USD Million; 2019-2032)

  • Crystalline
  • Liquid
  • Flakes

• Application Outlook (Revenue, USD Million; 2019-2032)

  • Herbicides and Insecticides
  • Carboxymethyl cellulose (CMC)
  • Surfactants
  • Thioglycolic Acid (TGA)
  • 2,4-Dichlorophenoxyacetic acid
  • Others

• End-Use Outlook (Revenue, USD Million; 2019-2032)

  • Agriculture
  • Specialty Chemicals
  • Pharmaceuticals
  • Food industry
  • Water treatment
  • Others (Textile, Paper, and pulp)

Regional Outlook :

The growth of the Monochloroacetic Acid Market on a global scale is influenced by region-specific dynamics. North America and Europe lead with technological innovation and solid regulatory environments, though supply chain challenges and compliance issues are present. In the Asia-Pacific region, especially in China and India, rapid urbanization and heightened consumer demand are fueling expansion. Meanwhile, emerging markets in Latin America, the Middle East, and Africa present growth potential, driven by economic reform and investment, yet face significant obstacles in the form of political instability and underdeveloped infrastructure.

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