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India Sodium Monochloro Acetate (SMCA) Market to Grow at a Healthy Pace During 2021-2026, Aided by the Rising Use of Sodium Monochloro acetate (SMCA) in the Textile Industry

According to a new report by EMR titled, ‘India Sodium Monochloro Acetate (SMCA) Market Report and Forecast 2021-2026’, the market for sodium monochloro acetate in India is being aided by the India agrochemical market, which is expected to grow at a CAGR of 8.6% in the forecast period of 2021-2026 to reach a value of USD 7.4 billion by 2026.

As the textile industry is one of the largest industries in India, the use of sodium monochloro acetate (SMCA) in dyes and other chemicals is significantly contributing to the market growth. The use of glycolic acid as a dyeing and tanning agent in the textile industry is also expected to aid the market growth. Moreover, carboxymethyl starch or starch ether uses sodium monochloro acetate (SMCA) in its manufacturing, which is projected to generate a healthy demand for the product in the coming years. Sodium monochloro acetate (SMCA) is widely used as an important component in thickener systems in the printing of textiles, which is anticipated to aid the market growth. Furthermore, the use of carboxymethyl starch to aid in creating vibrant colours and shaping sharp edges while reducing the weight of paints is projected to provide an impetus to the market growth. Hence, the extensive uses of sodium monochloro acetate (SMCA) in the textile industry manufacturing activities is anticipated to propel the market growth.

Jubilant Ingrevia Limited (NSE: JUBLINGREA), one of the leading players in the sodium monochloro acetate (SMCA) industry in India, offers various speciality chemicals, including sodium monochloro acetate (SMCA). It utilises acetic acid as well as acetic anhydrite to manufacture monochloroacetic acid and sodium monochloro acetate (SMCA). The company has storage spaces in various places in India to facilitate easy availability and accessible to ensure on-time delivery. Moreover, the company can offer customised products, which have high efficiency and quality. The sodium monochloro acetate (SMCA) is suitable for various end uses, such as pharmaceuticals, textile, dyes, and agrochemicals industries, among others. It can also be used in fuel blending and several ethanol blending applications. The growing production of such products are expected to augment the market growth of sodium monochloro acetate (SMCA) in the forecast period.

Market Analysis by Grades, End Uses, and Region:

  • The market, on the basis of grade, can be divided into technical grade and pharmaceutical grade, among others.
  • Based on end uses, the industry can be divided into agrochemical, chemical, pharmaceutical, and textile, among others.
  • The regional markets for sodium monochloro acetate (SMCA) in India include East, West, North, and South.

Key Findings of the Report:

  • The rising use of sodium monochloro acetate (SMCA) in the production of agrochemicals is boosting the market growth.
  • The market is being driven by the introduction of various initiatives by the Indian government to aid domestic manufacturing of various chemicals.
  • The rising demand for speciality chemicals and chemicals in end uses in various industries is propelling the market growth of sodium monochloro acetate (SMCA) in India.
  • The robust growth of the pharmaceuticals industry, which uses various products of sodium monochloro acetate (SMCA), such as glycolic acid, is bolstering the industry growth in India.

Key Offerings of the Report:

  • The EMR report gives an overview of the market for sodium monochloro acetate (SMCA) in India for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the grades, end uses, and major regions of sodium monochloro acetate (SMCA) in India.
  • It assesses the price trends of sodium monochloro acetate (SMCA) for the (2016-2020) and (2021-2026) periods. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the India sodium monochloro acetate (SMCA) market are Archit Organosys Ltd. and Jubilant Ingrevia Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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