The global demand for Sodium Monochloro Acetate Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2021 and foreseen to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2022-2028.
Sodium Monochloro Acetate (SMCA), the sodium salt of Monochloroacetic acid), is derived from neutralization of Monochloroacetic Acid. The chemical formula of SMCA is C2H2ClNaO2. Also referred to as Sodium 2-chloroacetate and Sodium Chloroacetate, it is a white-colored free-flowing powder which is soluble in water. It is hygroscopic, toxic, and corrosive. SMCA possesses a wide range of applications in agrochemicals, pharmaceuticals, and personal & skin care products. It is further applied in textile auxiliaries, dyestuffs, and in glycolic acid and thioglycolic acid production.
The agriculture industry is growing at a fast pace across the globe. SMCA is widely used in the production of agrochemicals such as herbicides, plant stabilizers, and others. The surge in the agricultural industry is expected to boost the global SMCA market. The extensive application of SMCA in pharmaceuticals and medicines is expected to drive the global SMCA market. SMCA market is expected to grow as a result of increasing demand from the textile and chemical industries.COVID-19 pandemic may have a positive impact on the global SMCA market. The healthcare sector is booming due to COVID-19, resulting in increased demand for SMCA in the production of drugs and other personal care products.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of sodium monochloro acetate.
The entire sodium monochloro acetate market has been sub-categorized into grade and end-use. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Technical Grade
- Pharmaceutical Grade
This section covers regional segmentation which accentuates on current and future demand for sodium monochloro acetate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Sodium Monochloro Acetate Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the sodium monochloro acetate market include CABB Group GmbH, AkzoNobel N.V., Daicel Corporation, Dow DuPont, Niacet Corporation, INEOS Salts, Swiss Salt Works AG, Dampier Salt, Cargill Incorporated, China National Salt Industry Corporation, Wacker Chemie AG, Cheetham Salt, The BTTCO Overseas Pvt. Ltd. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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