Solid MCA Market Research, Growth Opportunities, Trends and Forecasts Report till 2028

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Solid MCA Market Size – USD 1,169.3 Million in 2020, Market Growth - CAGR of 3.4%, Market Trends – The advent of agrochemicals as pesticides.

The development of construction industries owing to the growth in population is propelling the market growth.

Solid MCA Market Size – USD 1,169.3 Million in 2020, Market Growth - CAGR of 3.4%, Market Trends – The advent of agrochemicals as pesticides. 

The global Solid MCA Market is forecast to reach USD 893.0 Million by 2028, according to a new report by Reports and Data. Solid MCA (MCAA) is a colorless material, which is highly soluble in water and in organic solvents. The vapor pressure at room temperature is moderate. It has a pungent odor. MCAA being acidic, therefore, can cause skin irritation upon contact with a MCAA solution and can cause skin corrosion and conjunctival burns upon contact with more concentrated solutions. The systemic toxicity of MCAA is caused by inhibition of certain enzymes of the glycolytic cycle.

Solid MCA Market Growth:

The Solid MCA (MCA) market is expected to grow due to its widespread use as an intermediate chemical in the production of various products such as herbicides, dyes, and resins. The growth of the herbicide industry is expected to drive the demand for MCA, as it is used in the production of glyphosate, a widely used herbicide.

The Asia-Pacific region is expected to be a major contributor to the growth of the MCA market due to the increasing demand from the herbicide and dye industries, as well as the growing population and increasing disposable income. The development of new applications for MCA, such as in the personal care and pharmaceutical industries, is also expected to drive market growth. However, the market may face challenges from strict environmental regulations on the use of MCA, as it is classified as a hazardous chemical.

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Top Companies: AkzoNobel N.V., CABB GmbH, Daicel Corporation, Denak Co. Ltd., The Dow Chemical Company, PCC SE, Niacet Corporation, Xuchang Dongfang Chemical Co. Ltd., Shandong Minji Chemical Co. Ltd., and Shiv Chem Industries, among others.

Further Key Finding from the Report Suggestion:

  • Hydrolysis procedure is utilized in the production of Solid MCA, which is seen to observe a CAGR of 3.4% in the forecast period. The hydrolysis of trichloroethylene produces high-purity Solid MCA but has the drawback of utilizing a relatively more expensive starting material.
  • MCA is used to make surfactants, particularly mild betaine amphoteric surfactants. In the textile industry, a surfactant is used for processes such as scouring, dyeing, and finishing. Surfactants are estimated to have a CAGR of 4.3% during the forecast period.
  • Cellulosics have held a market share of 31.2% in the year 2018. Cellulosic is a polysaccharide that comprises of glucose monomers and is the main constituent of the cell walls of plants. It is usable in the manufacture of numerous products, including paper, textiles, pharmaceuticals, and insulation.
  • Asia Pacific is forecasted to witness the highest CAGR of 4.2% during the forecast period. Countries like India, China, and Japan are rapidly catching up with the growth in the Solid MCA market. Agrochemical production and chemical consumption have increased in this region.

Market Overview:

Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.

Download Summary:

The global Solid MCA market is segmented into:

Process Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)

  • Chlorination
  • Hydrolysis

Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)

  • Dry Powder
  • Liquid
  • Pellets
  • Others

Applications Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)

  • Cellulosics
  • Agrochemicals
  • Surfactants
  • Thioglycolic Acid
  • Others

Regional Outlook:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

  • What are the dominating factors that are influencing the growth of the industry?
  • In the forecast period, which market segment is expected to rise the most?
  • What are the risks and challenges that the industry is facing?
  • In the coming years, which area is projected to dominate the market?
  • Who are the major players in the market?
  • What kind of strategic business plans have they made?

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