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Thursday, February 10, 2022

Global Sodium Monochloro Acetate Market to be Driven at a CAGR of 5% in the Forecast Period of 2022-2027

The new report by Expert Market Research titled, ‘Global Sodium Monochloro Acetate Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global sodium monochloro acetate market, assessing the market based on its segments like grades, end use, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

  • Historical Market Size (2021): USD 231.0 billion
  • Forecast CAGR (2022-2027): 5%
  • Forecast Market Size (2027): USD 309.6 billion

The growth of the global sodium monochloro acetate is driven by the demand from agrochemical industry. The increasing population and reducing agricultural land are propelling the demand for fertilizers, herbicides, and insecticides among others. The application of sodium monochloro acetate in production of 2,4-dichlorophenoxyacetic acid is anticipated to bolster its demand. 2,4-dichlorophenoxyacetic acid has a widespread application as a herbicide in aquatic sites, forestry sites, and crop fields, there by bolstering the demand for sodium monochloro acetate. Additionally, the application of sodium monochloro acetate in pharmaceutical industry for glycine production is likely to aid the market growth over the forecast period.

Industry Definition and Major Segments

Sodium monochloro acetate is a sodium salt of chloroacetic acid which is obtained by the neutralising the acid with an alkali. It is a water soluble, white powder in appearance and has a pungent odour. Sodium monochloro acetate finds application as a raw material for various surfactants, chemicals, and drugs.

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The major grades of sodium monochloro acetate are:

The market can be broadly categorised on the basis of its end uses into:

The regional markets for sodium monochloro acetate include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

Regionally, Asia Pacific is anticipated to dominate the global market for sodium monochloro acetate, with China and India driving the regional growth owing to the presence of vast agricultural sector. Additionally, the large chemical manufacturing industry in China and pharmaceutical sector in India are likely aid the regional market growth. The region is also expected to witness the fastest growth rate over the forecast period. Meanwhile, North America is projected to follow Asia Pacific, this can be attributed to the major share of sodium monochloro acetate consumption in United States. Furthermore, Germany is likely to hold a dominant share and drive the growth for Europe region in the coming years.

Key Market Players

The major players in the market are CABB Group GmbH, Archit Organosys Ltd., Nouryon, Jubilant Ingrevia Limited, Denak Co., Ltd., and a few others.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

Company Name: EMR Inc.
Contact Person: Sofia Williams, Corporate Sales Specialist – U.S.A.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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