Key Players of the Monochloroacetic Acid (MCA) Market Are Niacet Corporation, CABB GmbH, AkzoNobel N.V, Dow Chemical Company
May 10, 2019 at 14:23 PM EDT
Albany, NY -- (SBWIRE) -- 05/10/2019 -- According to the latest market research report published by Transparency Market Research, the global monochloroacetic acid (MCA) market is expected to display positive growth at a CAGR of 3.6% during the forecast period between 2014 and 2020. The report, titled "Monochloroacetic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020", points out that the widespread usage of monochloroacetic acid in various industries will increase the valuation of the overall market. In 2013, the global monochloroacetic acid market was worth US$817.1 million with a total volume of 677.0 kilo tons and by 2020, the report estimates that the market will be valued at US$1,046.7 million. Monochloroacetic acid, also known as chloroacetic acid, is a carboxylic acid used to manufacture useful products such as dyes, drugs, drilling fluids, and pesticides, among others. China has emerged as the world's biggest producer of fertilizers. The report cites that the mounting demand for monochloroacetic acid from China is expected to help the growth of the global monochloroacetic acid market.
