The Indonesia monochloroacetic acid (MCA) market thrives as a crucial chemical intermediate in various industries, including the synthesis of carboxymethylcellulose, phenoxyacetic acid, and indigoid dyes. Its application extends to chemicals like thioglycolic acid and glycine. MCA is commonly stored and transported in flakes or an 80% aqueous solution, facilitating its use. The sodium salt, Na-MCA, finds utility as well, often transported as white granules. With diverse industrial applications and efficient transport methods, the Indonesia MCA market demonstrates significant growth potential.
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Data Bridge Market Research analyses that the Indonesia Monochloroacetic Acid (MCA) Market is growing at a CAGR of 3.7% in the forecast period of 2022 to 2029 and market values were USD 9,660.08 thousand in 2021 and are expected to reach USD 12,918.47 thousand by 2029. Participation in the global supply chain and responsive trade dynamics directly impact MCA's demand in Indonesia. The interconnectedness of markets drives the need for MCA across industries, making it a sought-after component in various chemical processes, thereby fueling market expansion.
Key Findings of the Study
MCA's importance as a precursor for phenoxyacetic acid is expected to drive the market's growth rate
MCA's importance as a precursor for phenoxyacetic acid, a key component in herbicides and growth regulators, significantly impacts the demand for MCA in Indonesia's agriculture sector. The synthesis of phenoxyacetic acid heavily relies on MCA, driving its essential role in agricultural chemical manufacturing. As the agriculture sector seeks efficient and effective solutions for crop management, the demand for MCA remains robust, solidifying its position as a driver in the Indonesian market.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Powder, Liquid, and Pellets), Process (Chlorination and Hydrolysis), Application (Cellulose, Surfactants, Glycine, Thioglycol Acid, 4,2,4 Dichloro Phenoxy Acetic Acid, and Others), End User (Personal Care, Pharmaceuticals, Agrochemicals, Geological Drilling, Dyes and Detergents and Others)
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Market Players Covered
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PCC SE (Germany), Henan Hongdong Chemical Co., Ltd. (China), Nouryon (Netherlands), CABB Group GmbH (Germany), PT Merck Tbk (Indonesia), Daicel Corporation (Japan), Pinncale (U.S.), Niacet, A Kerry Company (U.S.), Jubilant Pharmova Limited (India) Shandong Minji Chemical Co. Ltd (China)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
Indonesia monochloroacetic acid (MCA) market is segmented into four notable segments which are based on the product, process, application, and end-use.
- On the basis of product, the Indonesia monochloroacetic acid (MCA) market is segmented into powder, liquid, and pellets. In 2022, the powder segment is expected to dominate the market as powder MCA is used as raw materials in producing crop protection chemicals, which increases its demand in the country.
In 2022 the powder segment dominate the product segment in the Indonesia monochloroacetic acid (MCA) market
In 2022 the powder segment dominate the product segment in the Indonesia monochloroacetic acid (MCA) market because of its pivotal role as a raw material in the production of crop protection chemicals. The demand for powder MCA is bolstered by its significant application in the manufacturing of agrochemicals, underscoring its crucial role in supporting the country's agricultural sector and driving its prominence within the market during the forecast period of 2022 to 2029.
- On the basis of process, the Indonesia monochloroacetic acid (MCA) market is segmented into chlorination and hydrolysis. In 2022, the chlorination segment is expected to dominate the market as the chlorination process provides residual protection against recontamination, which increases its demand in Indonesia during the forecast period of 2022 to 2029.
In 2022 chlorination segment dominated the process segment in the Indonesia monochloroacetic acid (MCA) market
In 2022 chlorination segment dominate the process segment in the Indonesia monochloroacetic acid (MCA) market because of the inherent advantages of the chlorination process. This method offers effective residual protection against recontamination, rendering it highly sought after in the Indonesian market. The ability to ensure long-lasting efficacy and protection against contaminants drives the increased demand for chlorinated MCA within the country during the forecast period of 2022 to 2029.
- On the basis of application, the Indonesia monochloroacetic acid (MCA) market is segmented into glycine, cellulose, surfactants, 4,2,4- dichloro phenoxy acetic acid, thioglycol acid and others. In 2022, the cellulose segment is expected to dominate the market as cellulose are used for the adsorption of inorganic impurities during the industrial process, which increases its demand in the country during the forecast period of 2022 to 2029.
- On the basis of end-user, the Indonesia monochloroacetic acid (MCA) market is segmented into personal care, pharmaceuticals, agrochemicals, geological drilling, dyes and detergents, and others. In 2022, the dyes and detergents segment is expected to dominate the market as monochloroacetic acid (MCA) is used as an intermediate for synthesizing indigo dyes, which increases its demand in the country during the forecast period of 2022 to 2029.
Major Players
Data Bridge Market Research recognizes the following companies as the major Indonesia monochloroacetic Acid (MCA) market players in Indonesia monochloroacetic Acid (MCA) market PCC SE (Germany), Henan Hongdong Chemical Co., Ltd. (China), Nouryon (Netherlands), CABB Group GmbH (Germany), PT Merck Tbk (Indonesia), Daicel Corporation (Japan), Pinncale (U.S.), Niacet, A Kerry Company (U.S.), Jubilant Pharmova Limited (India) Shandong Minji Chemical Co. Ltd (China)
Market Developments
- In March 2021, Merck established a groundbreaking partnership with the Faculty of Mathematics and Natural Sciences at Universitas Indonesia (FMIPA-UI). This collaboration aims to establish a pioneering laboratory, fostering advancements in life science research and innovation in Indonesia. By leveraging the expertise of both entities, this initiative strengthens Merck's commitment to research and development in the region, enhancing scientific progress.
- In October 2021Daicel Corporation and National Tsing Hua University in Hsinchu City, Taiwan, announced a significant partnership. This collaboration focuses on the development of a revolutionary Desktop Chemical Plant. By combining Daicel's industry expertise with the university's research capabilities, this endeavor seeks to enhance chemical production, boosting innovation and production efficiency.
- In June 2021, Kerry Group plc unveiled its agreement to acquire Niacet Corp., operating as Hare Topco, Inc. This strategic move bolsters Kerry's food protection and preservation strategy. With the integration of Niacet's capabilities, Kerry aims to introduce novel products and technologies in a broader market. This acquisition enhances Kerry's ability to offer innovative solutions for food safety and preservation.
For more detailed information about the Indonesia monochloroacetic acid (MCA) market report, click here – https://www.databridgemarketresearch.com/reports/indonesia-monochloroacetic-acid-mca-market
