Monochloroacetic Acid Market Focus on Sustainability Initiatives
The global monochloroacetic acid market was valued at around USD 960.4 million in 2024 and is projected to reach USD 1,394.5 million by 2034, growing at a CAGR of 3.8%. Crystalline MCAA holds the largest share of 44.8% because of its purity and ease of handling. MCAA is widely used as a chemical intermediate in the production of carboxymethyl cellulose (CMC), agrochemicals, surfactants, and medicines. Asia-Pacific is the top consumer, especially countries like China and India, due to growing demand in agriculture, textiles, and personal care sectors. The rising use of monochloroacetic acid market in essential industries helps support steady market growth. However, unstable prices of raw materials and strict environmental policies are key challenges. Even with these obstacles, MCAA continues to be in demand as it plays a vital role in the manufacturing of daily-use and industrial products.
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