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Monochloroacetic Acid

Monochloroacetic Acid Prices Overview

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Monochloroacetic Acid Prices Overview

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Market Overview

Quarterly Update on Monochloroacetic Acid Market

For the Quarter Ending December 2020

Asia

Monochloroacetic Acid (MCA) supply in the Asia Pacific remained feeble due to constraints over overseas shipments across several trade routes along Southeast Asia amidst fears of new Coronavirus in Europe. Consistently rising prices of the feedstock acetic acid also played a major role in limiting the supplies. Rising demand of agrochemicals in the APAC due to expansion in agriculture led Indian government to take initiatives like the PLI scheme to promote domestic manufacturing of agrochemicals. This is poised to release the supply pressure in India hence stabilization of prices of Monochloroacetic Acid in the future as it has application in several herbicides.

North America

High agriculture spending in the U.S., Canada, and Mexico played a critical role in shaping the regional market demand which revived from the COVID impact. Availability of feedstock acetic acid in the US remained tight due to coronavirus pandemic as it slowed down market activity in the western hemisphere in Q4. This resulted in price rise for acetic acid hence increasing production costs for derivative monochloroacetic acid.

Europe

Domestic demand slowed down due to impact of the new COVID, which led to constraints on trade routes to the APAC region. Monochloroacetic acid availability in the region considerably eased with the addition of new plants from PCC in Poland and Neuryon in Netherlands. This is expected to increase the domestic supply which can enable price stabilization in the long run. Exports are expected to rise in the upcoming quarter due to rising demand for agrochemicals in North America and the APAC region.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Monochloroacetic Acid is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Monochloroacetic Acid market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Monochloroacetic Acid manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Monochloroacetic Acid market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Monochloroacetic Acid market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Monochloroacetic Acid are analyzed and region-wise demand pattern is tracked.

About

Chloroacetic acid is an organochlorine compound industrially known as monochloroacetic acid (MCA). It is a useful building-block in organic synthesis. It is a colorless solid. It is prepared by chlorinating acetic acid in the presence of sunlight and is prepared industrially via two routes. The predominant method involves chlorination of acetic acid, with acetic anhydride as a catalyst. The second method entails hydrolysis of trichloroethylene. The purity of this method produces is high, unlike the halogenation route. Its largest-scale application is the production of thickening agent carboxymethyl cellulose and carboxymethyl starch. Other application includes phenoxy herbicides. Monochloroacetic acid imparts viscosity boosting and emulsion stabilization properties to various products in the food and oil industry. Apart from these properties, use of MCAA in CMC production offers alteration of flow and texture of the product.

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Monochloroacetic Acid Prices Overview