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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.
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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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