Product Code: ETC13382869 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Monochloroacetic Acid Market was valued at USD 1200 Billion in 2024 and is expected to reach USD 1900 Billion by 2031, growing at a compound annual growth rate of 6.10% during the forecast period (2025-2031).
The global monochloroacetic acid market is experiencing steady growth due to its wide applications across various industries such as pharmaceuticals, agrochemicals, and personal care products. The increasing demand for glyphosate herbicides in the agriculture sector is driving the market growth, as monochloroacetic acid is a key raw material for its production. Additionally, the rising adoption of MCA in the production of carboxymethyl cellulose (CMC) and surfactants further contributes to market expansion. Asia Pacific region, particularly China and India, dominate the market due to the presence of a large number of manufacturing facilities. However, stringent regulations regarding environmental concerns and health hazards associated with MCA usage may hinder market growth to some extent. Overall, the global monochloroacetic acid market is poised for significant growth in the coming years.
The Global Monochloroacetic Acid Market is experiencing steady growth due to increasing demand from various end-use industries such as agrochemicals, personal care, and pharmaceuticals. The market is witnessing a trend towards the development of bio-based monochloroacetic acid as a sustainable alternative, driven by growing environmental concerns and regulatory pressure. Additionally, the expanding applications of monochloroacetic acid in the manufacturing of carboxymethyl cellulose (CMC) and glyphosate herbicides present lucrative opportunities for market players. The Asia-Pacific region is expected to be a key growth driver, attributed to the rising agricultural activities and increasing investments in the chemical industry. To capitalize on these trends and opportunities, companies in the global monochloroacetic acid market are focusing on research and development efforts to enhance product quality and expand their market presence.
The Global Monochloroacetic Acid Market faces several challenges, including fluctuating raw material prices, environmental regulations, and competition from alternative products. The price volatility of key raw materials such as acetic acid and chlorine can impact the production cost and profit margins of monochloroacetic acid manufacturers. Additionally, stringent environmental regulations regarding waste disposal and emissions control pose compliance challenges for industry players. Moreover, the market faces competition from substitutes like glyphosate and paraquat, which can hinder the growth potential of monochloroacetic acid. Adapting to these challenges by optimizing production processes, developing eco-friendly technologies, and exploring new applications for monochloroacetic acid will be critical for companies operating in this market.
The Global Monochloroacetic Acid Market is primarily driven by the increasing demand for the product in various applications such as agrochemicals, personal care products, and pharmaceuticals. The growth in the agriculture sector, coupled with the rising need for herbicides and pesticides, is fueling the market demand. Additionally, the expanding pharmaceutical and personal care industries are boosting the consumption of monochloroacetic acid for the production of drugs, cosmetics, and other related products. Moreover, the product`s properties such as its use as a chemical intermediate in the manufacturing of various compounds further contribute to its market growth. The market is also influenced by factors like technological advancements, research and development activities, and increasing investments in the chemical industry, driving innovation and product development.
Government policies related to the Global Monochloroacetic Acid Market vary by country but generally focus on regulating production, transportation, and disposal of the chemical due to its potential environmental and health risks. For example, in the US, the Environmental Protection Agency (EPA) regulates the use of monochloroacetic acid under the Toxic Substances Control Act (TSCA), which requires manufacturers to provide data on the chemical`s properties and potential risks. Similarly, in the EU, monochloroacetic acid is regulated under the Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) regulation, which aims to ensure the safe use of chemicals within the EU market. These regulations impact market dynamics by influencing production costs, supply chain logistics, and overall market competitiveness.
The Global Monochloroacetic Acid Market is anticipated to witness steady growth in the coming years, driven by increasing demand from various industries such as agrochemicals, personal care, pharmaceuticals, and others. The market is expected to benefit from the rising adoption of herbicides and pesticides in agricultural practices, as well as the growing usage of monochloroacetic acid in the production of carboxymethyl cellulose (CMC) and other chemicals. Additionally, the expanding applications of monochloroacetic acid in the manufacturing of surfactants, drugs, and textiles are likely to further propel market growth. However, factors such as fluctuating raw material prices and stringent environmental regulations may pose challenges to market expansion. Overall, the Global Monochloroacetic Acid Market is poised for a positive trajectory in the foreseeable future.
In the global Monochloroacetic Acid market, Asia-Pacific is expected to dominate in terms of both production and consumption, driven by the presence of key manufacturers in countries like China and India. North America and Europe are also significant markets, with a strong demand for Monochloroacetic Acid in various industries such as chemicals, pharmaceuticals, and agriculture. The Middle East and Africa region is witnessing steady growth due to increasing industrial activities, while Latin America shows potential for growth with rising investments in infrastructure and agriculture sectors. Overall, the global Monochloroacetic Acid market is projected to witness steady growth across all regions, with Asia-Pacific leading the way in the coming years.
Global Monochloroacetic Acid Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Monochloroacetic Acid Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Monochloroacetic Acid Market Revenues & Volume, 2021 & 2031F |
3.3 Global Monochloroacetic Acid Market - Industry Life Cycle |
3.4 Global Monochloroacetic Acid Market - Porter's Five Forces |
3.5 Global Monochloroacetic Acid Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Monochloroacetic Acid Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Global Monochloroacetic Acid Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Global Monochloroacetic Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Monochloroacetic Acid Market Trends |
6 Global Monochloroacetic Acid Market, 2021 - 2031 |
6.1 Global Monochloroacetic Acid Market, Revenues & Volume, By Application, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Monochloroacetic Acid Market, Revenues & Volume, By Chemical Compounds, 2021 - 2031 |
6.1.3 Global Monochloroacetic Acid Market, Revenues & Volume, By Drugs, 2021 - 2031 |
6.1.4 Global Monochloroacetic Acid Market, Revenues & Volume, By Herbicides and Insecticides, 2021 - 2031 |
6.1.5 Global Monochloroacetic Acid Market, Revenues & Volume, By Others, 2021 - 2031 |
6.2 Global Monochloroacetic Acid Market, Revenues & Volume, By End Use, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Monochloroacetic Acid Market, Revenues & Volume, By Pharmaceuticals, 2021 - 2031 |
6.2.3 Global Monochloroacetic Acid Market, Revenues & Volume, By Chemicals, 2021 - 2031 |
6.2.4 Global Monochloroacetic Acid Market, Revenues & Volume, By Food & Beverages, 2021 - 2031 |
6.2.5 Global Monochloroacetic Acid Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Monochloroacetic Acid Market, Overview & Analysis |
7.1 North America Monochloroacetic Acid Market Revenues & Volume, 2021 - 2031 |
7.2 North America Monochloroacetic Acid Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Monochloroacetic Acid Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Monochloroacetic Acid Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Monochloroacetic Acid Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Monochloroacetic Acid Market, Revenues & Volume, By Application, 2021 - 2031 |
7.4 North America Monochloroacetic Acid Market, Revenues & Volume, By End Use, 2021 - 2031 |
8 Latin America (LATAM) Monochloroacetic Acid Market, Overview & Analysis |
8.1 Latin America (LATAM) Monochloroacetic Acid Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Monochloroacetic Acid Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Monochloroacetic Acid Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Monochloroacetic Acid Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Monochloroacetic Acid Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Monochloroacetic Acid Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Monochloroacetic Acid Market, Revenues & Volume, By Application, 2021 - 2031 |
8.4 Latin America (LATAM) Monochloroacetic Acid Market, Revenues & Volume, By End Use, 2021 - 2031 |
9 Asia Monochloroacetic Acid Market, Overview & Analysis |
9.1 Asia Monochloroacetic Acid Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Monochloroacetic Acid Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Monochloroacetic Acid Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Monochloroacetic Acid Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Monochloroacetic Acid Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Monochloroacetic Acid Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Monochloroacetic Acid Market, Revenues & Volume, By Application, 2021 - 2031 |
9.4 Asia Monochloroacetic Acid Market, Revenues & Volume, By End Use, 2021 - 2031 |
10 Africa Monochloroacetic Acid Market, Overview & Analysis |
10.1 Africa Monochloroacetic Acid Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Monochloroacetic Acid Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Monochloroacetic Acid Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Monochloroacetic Acid Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Monochloroacetic Acid Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Monochloroacetic Acid Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Monochloroacetic Acid Market, Revenues & Volume, By Application, 2021 - 2031 |
10.4 Africa Monochloroacetic Acid Market, Revenues & Volume, By End Use, 2021 - 2031 |
11 Europe Monochloroacetic Acid Market, Overview & Analysis |
11.1 Europe Monochloroacetic Acid Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Monochloroacetic Acid Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Monochloroacetic Acid Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Monochloroacetic Acid Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Monochloroacetic Acid Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Monochloroacetic Acid Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Monochloroacetic Acid Market, Revenues & Volume, By Application, 2021 - 2031 |
11.4 Europe Monochloroacetic Acid Market, Revenues & Volume, By End Use, 2021 - 2031 |
12 Middle East Monochloroacetic Acid Market, Overview & Analysis |
12.1 Middle East Monochloroacetic Acid Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Monochloroacetic Acid Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Monochloroacetic Acid Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Monochloroacetic Acid Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Monochloroacetic Acid Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Monochloroacetic Acid Market, Revenues & Volume, By Application, 2021 - 2031 |
12.4 Middle East Monochloroacetic Acid Market, Revenues & Volume, By End Use, 2021 - 2031 |
13 Global Monochloroacetic Acid Market Key Performance Indicators |
14 Global Monochloroacetic Acid Market - Export/Import By Countries Assessment |
15 Global Monochloroacetic Acid Market - Opportunity Assessment |
15.1 Global Monochloroacetic Acid Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Monochloroacetic Acid Market Opportunity Assessment, By Application, 2021 & 2031F |
15.3 Global Monochloroacetic Acid Market Opportunity Assessment, By End Use, 2021 & 2031F |
16 Global Monochloroacetic Acid Market - Competitive Landscape |
16.1 Global Monochloroacetic Acid Market Revenue Share, By Companies, 2024 |
16.2 Global Monochloroacetic Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |