Market Overview:
The global industrial chloroacetic acid market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for pharmaceuticals, dyes, and chemical intermediates across the globe. In addition, the growing population and rising income levels are also contributing to the growth of this market. On the basis of type, the global industrial chloroacetic acid market can be segmented into hydration method and oxidation method. The hydration method segment is expected to account for a major share of this market in 2018 owing to its low cost and easy availability. However, with technological advancements being made in oxidation methods, this segment is projected to witness high growth during the forecast period from 2018to 2030. On the basis of application,the global industrial chloroacetic acidmarket can be divided into pharmaceutical industry, dye industrychemical intermediatesand other applications such as agrochemicalsand plastics additives .
Product Definition:
Industrial Chloroacetic Acid is a colorless liquid with a pungent odor. It is used as an intermediate in the production of other chemicals and as a solvent.
Hydration Method:
The global hydration method, also known as the wet process or the aqueous process, is used to produce both specialty and commodity chemicals. It is one of the oldest chemical manufacturing processes. The method involves a sequence of reactions between reactants (chemical substances) and catalysts (substances that accelerate or initiate a particular reaction).
Oxidation:
Oxidation is a chemical reaction between an oxygen-containing compound and another substance. In the chloroacetic acid industry, oxidation is used to change the structure of acetic acid from an ester form to a salt form. Oxidation process in chloroacetic acid industry consists of two major steps which are called asodic oxidation and redox oxidation.
Application Insights:
The global demand for the chemical intermediates was valued at USD 1.96 billion in 2016 and is projected to witness a CAGR of XX% from 2017 to 2030 owing to its wide application scope as an intermediate chemical in various industrial processes such as pharmaceuticals, dyes, and other chemicals. The dye industry accounted for over 40% of the total market revenue share in 2016 on account of high product usage rate coupled with fast color change properties making it suitable for printing ink applications.
Chloroacetic acid is used extensively across all major industries including pharmaceuticals, textiles/apparel industry (excluding PVC), food & beverages processing and others due to its versatile characteristics that include being both a strong acid.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from end-use industries such as pharmaceutical, chemical, and others. China is one of the major producers of chloroacetic acid owing to easy availability of raw materials coupled with low manufacturing cost compared to other countries in the world.
The Asia Pacific regional market for chloroacetic acid will expand at a CAGR exceeding 6% during the forecast period due to rapid industrialization along with growing population in countries such as India, China, Indonesia, Malaysia Philippines Thailand Vietnam and Taiwan. In addition there has been an increase in agricultural activities which results into high consumption for crop protection products resulting into increased demand for this product type over past few years.
Growth Factors:
- Increasing demand from end-use industries such as textiles, pulp and paper, and water treatment is expected to drive the growth of the industrial chloroacetic acid market over the forecast period.
- Growing awareness about hygiene and sanitation is also anticipated to fuel the demand for chloroacetic acid in various end-use industries.
- Stringent environmental regulations regarding wastewater discharge are projected to propel the use of chloroacetic acid in water treatment applications over the next few years.
- Rising investments by key players in R&D activities for developing new applications of chloroacetic acid is likely to provide a fillip to market growth during the forecast period. 5) The increasing use of chlorine dioxide as a bleaching agent in textile processing is expected to create opportunities for industrial chloroacetic acid market during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Chloroacetic Acid Market Research Report
By Type
Hydration Method, Oxidation
By Application
Pharmaceutical Industry, Dye Industry, Chemical Intermediates, Other
By Companies
AkzoNobel, CABB, Denak, Shandong Huayang Technology, Chongqing Seayo Chemical Industry, Jiangsu Tongtai Chemical, Luzhou Hepu Chemical, Dow Chemicals, Daicel Chemical Industries, Niacet, Meridian Chem-Bond Ltd, Shri Chlochem, China Pingmei Shenma Group, Jiangsu New Century Salt Chemistry, Shijiazhuang Banglong Chemical, Shijiazhuang Bide Huagong
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Chloroacetic Acid Market Report Segments:
The global Industrial Chloroacetic Acid market is segmented on the basis of:
Types
Hydration Method, Oxidation
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceutical Industry, Dye Industry, Chemical Intermediates, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AkzoNobel
- CABB
- Denak
- Shandong Huayang Technology
- Chongqing Seayo Chemical Industry
- Jiangsu Tongtai Chemical
- Luzhou Hepu Chemical
- Dow Chemicals
- Daicel Chemical Industries
- Niacet
- Meridian Chem-Bond Ltd
- Shri Chlochem
- China Pingmei Shenma Group
- Jiangsu New Century Salt Chemistry
- Shijiazhuang Banglong Chemical
- Shijiazhuang Bide Huagong
Highlights of The Industrial Chloroacetic Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hydration Method
- Oxidation
- By Application:
- Pharmaceutical Industry
- Dye Industry
- Chemical Intermediates
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Chloroacetic Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial chloroacetic acid is a chemical compound with the formula CHCl3. It is a colorless, volatile liquid that can be used in industrial processes and as a precursor to other chemicals.
Some of the key players operating in the industrial chloroacetic acid market are AkzoNobel, CABB, Denak, Shandong Huayang Technology, Chongqing Seayo Chemical Industry, Jiangsu Tongtai Chemical, Luzhou Hepu Chemical, Dow Chemicals, Daicel Chemical Industries, Niacet, Meridian Chem-Bond Ltd, Shri Chlochem, China Pingmei Shenma Group, Jiangsu New Century Salt Chemistry, Shijiazhuang Banglong Chemical, Shijiazhuang Bide Huagong.
The industrial chloroacetic acid market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Chloroacetic Acid Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Chloroacetic Acid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Chloroacetic Acid Market - Supply Chain
4.5. Global Industrial Chloroacetic Acid Market Forecast
4.5.1. Industrial Chloroacetic Acid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Chloroacetic Acid Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Chloroacetic Acid Market Absolute $ Opportunity
5. Global Industrial Chloroacetic Acid Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Industrial Chloroacetic Acid Market Size and Volume Forecast by Type
5.3.1. Hydration Method
5.3.2. Oxidation
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Chloroacetic Acid Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Industrial Chloroacetic Acid Market Size and Volume Forecast by Application
6.3.1. Pharmaceutical Industry
6.3.2. Dye Industry
6.3.3. Chemical Intermediates
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Chloroacetic Acid Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Industrial Chloroacetic Acid Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Industrial Chloroacetic Acid Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Industrial Chloroacetic Acid Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Industrial Chloroacetic Acid Demand Share Forecast, 2019-2026
9. North America Industrial Chloroacetic Acid Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Industrial Chloroacetic Acid Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Industrial Chloroacetic Acid Market Size and Volume Forecast by Application
9.4.1. Pharmaceutical Industry
9.4.2. Dye Industry
9.4.3. Chemical Intermediates
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Chloroacetic Acid Market Size and Volume Forecast by Type
9.7.1. Hydration Method
9.7.2. Oxidation
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Industrial Chloroacetic Acid Demand Share Forecast, 2019-2026
10. Latin America Industrial Chloroacetic Acid Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Industrial Chloroacetic Acid Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Industrial Chloroacetic Acid Market Size and Volume Forecast by Application
10.4.1. Pharmaceutical Industry
10.4.2. Dye Industry
10.4.3. Chemical Intermediates
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Chloroacetic Acid Market Size and Volume Forecast by Type
10.7.1. Hydration Method
10.7.2. Oxidation
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Industrial Chloroacetic Acid Demand Share Forecast, 2019-2026
11. Europe Industrial Chloroacetic Acid Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Industrial Chloroacetic Acid Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Industrial Chloroacetic Acid Market Size and Volume Forecast by Application
11.4.1. Pharmaceutical Industry
11.4.2. Dye Industry
11.4.3. Chemical Intermediates
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Chloroacetic Acid Market Size and Volume Forecast by Type
11.7.1. Hydration Method
11.7.2. Oxidation
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growh Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Industrial Chloroacetic Acid Demand Share, 2019-2026
12. Asia Pacific Industrial Chloroacetic Acid Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Industrial Chloroacetic Acid Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Industrial Chloroacetic Acid Market Size and Volume Forecast by Application
12.4.1. Pharmaceutical Industry
12.4.2. Dye Industry
12.4.3. Chemical Intermediates
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Chloroacetic Acid Market Size and Volume Forecast by Type
12.7.1. Hydration Method
12.7.2. Oxidation
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Industrial Chloroacetic Acid Demand Share, 2019-2026
13. Middle East & Africa Industrial Chloroacetic Acid Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Industrial Chloroacetic Acid Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Industrial Chloroacetic Acid Market Size and Volume Forecast by Application
13.4.1. Pharmaceutical Industry
13.4.2. Dye Industry
13.4.3. Chemical Intermediates
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Chloroacetic Acid Market Size and Volume Forecast by Type
13.7.1. Hydration Method
13.7.2. Oxidation
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Industrial Chloroacetic Acid Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Industrial Chloroacetic Acid Market: Market Share Analysis
14.2. Industrial Chloroacetic Acid Distributors and Customers
14.3. Industrial Chloroacetic Acid Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. AkzoNobel
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. CABB
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Denak
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Shandong Huayang Technology
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Chongqing Seayo Chemical Industry
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Jiangsu Tongtai Chemical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Luzhou Hepu Chemical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Dow Chemicals
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Daicel Chemical Industries
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Niacet
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Meridian Chem-Bond Ltd
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Shri Chlochem
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. China Pingmei Shenma Group
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Jiangsu New Century Salt Chemistry
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Shijiazhuang Banglong Chemical
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Shijiazhuang Bide Huagong
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook