Indonesia Monochloroacetic Acid (MCA) Market, By 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) Industry Trends and Forecast to 2029.
Market Analysis and Insights: Indonesia Monochloroacetic Acid (MCA) Market
- Indonesia monochloroacetic acid (MCA) market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing at a CAGR of 3.7% in the forecast period of 2022 to 2029 and is expected to reach USD 12,918.47 thousand by 2029.
- MCA is widely used in chemical industries as intermediates in the synthesis of carboxymethylcellulose, phenoxyacetic acid, thioglycolic acid, glycine, indigoid dyes and others. MCA is stored and transported as flakes or as an 80% aqueous solution in transport tanks at 35°C (it solidifies at 19°C). The sodium salt, Na-MCA, is usually transported as white granule in paper bags with polyethylene coating.
- The increasing demand for monochloroacetic acid (MCA) in agrochemicals industry has a significant impact on the expansion of the market for MCA. In line with this, rising usages of monochloroacetic acid (MCA) in pharmaceutical and personal care and gaining popularity in the textile industry, are key determinants favoring the growth of the monochloroacetic acid (MCA) market during the forecast period.
- However, volatility in raw material prices, and harmful environmental effects of monochloroacetic acid exposure, may act as major restraints on the growth rate of the monochloroacetic acid (MCA) market, whereas strict rules and regulations torards the acid production has the potential to challenge the growth of the monochloroacetic acid (MCA) market during the forecast period.
- Several boosters associated with the monochloroacetic acid (MCA) market include rising technological advancement for producing monochloroacetic acid and shifting preference for the usages of monochloroacetic acid in oil drilling activities, are all favorably affecting the growth of the monochloroacetic acid (MCA) industry.
- The monochloroacetic acid (MCA) market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Indonesia Monochloroacetic Acid (MCA) Market Scope and Market Size
- Indonesia monochloroacetic acid (MCA) market is segmented into four notable segments which are based on the product, process, application and end-use. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the Indonesia monochloroacetic acid (MCA) market is segmented into powder, liquid and pellets. In 2022, powder segment is expected to dominate the market as powder MCA are used as raw materials in producing crop pretection chemcicals, which increases its demand in the country.
- 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 chlorination process provides residual protection against recontamination, which increases its demand in Indonesia.
- 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.
- 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 synthesing indigo dyes, which increases its demand in the country.
Increasing demand for monochloroacetic acid (MCA) in agrochemicals industry
Monochloroacetic acid (MCA) market also provides you with detailed market analysis for every country growth in installed base of different kind of products for Monochloroacetic acid (MCA) market, impact of technology using life line curves and changes in Monochloroacetic acid (MCA) regulatory scenarios and their impact on the Monochloroacetic acid (MCA) market. The data is available for historic period 2011 to 2020
Competitive Landscape and Magnet Wire Market Share Analysis
Indonesia monochloroacetic aqcid (MCA) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Indonesia presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Indonesia monochloroacetic acid (MCA) market .
The major market players engaged in the Indonesia monochloroacetic acid (MCA) market are PCC SE, Henan Hongdong Chemical Co. , Ltd., Nouryon, CABB Group GmbH, PT Merck Tpk, Daicel Corporation, Pinncale, Niacet, A Kerry Company, Jubilant Pharmova Limited, shandong minji chemical co. ltd among others.
For instance,
- In March 2021, Merck announced a strategic partnership with the Faculty of Mathematics and Natural Sciences, Universitas Indonesia (FMIPA-UI) to create the first Laboratory between the company and the university to advance life science research and innovation development in Indonesia. This will intensify company’s R&D practices in the region.
- In October 2021, Daicel Corporation and National Tsing Hua University in Hsinchu City, Taiwan announced the partnership for the development of a Revolutionary Desktop Chemical Plant. This will boost company’s chemical production in the region.
- In June 2021, Kerry Group plc announced that the companies have reached agreement to acquire Hare Topco, Inc. trading as Niacet Corp. The addition of Niacet’s capabilities will intensify Kerry’s food protection and preservation strategy to offer new products and technologies in a broader market.
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