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The India sodium monochloro acetate (SMCA) market is aided by the growth of India agrochemical market, which attained a value of about USD 5.77 billion in 2023. The India agrochemical market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 8.6% to reach nearly USD 12.14 billion by 2032.
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The robust growth of the agricultural industry is aiding the market growth for sodium monochloro acetate (SMCA) in India. The reducing arable land due to rapid urbanisation as well as the explosion of the population is increasing various innovations in agriculture to increase crop yield and meet food demands. Moreover, increasing developments in precision farming and integrated pest management (IPM) are surging the demand for agrochemicals that uses sodium monochloro acetate (SMCA) as a raw material. The use of sodium monochloro acetate (SMCA) in the production of 2,4-dichlorophenoxyacetic acid, which is a herbicide used in diverse applications such as forestry sites, aquatic sites, vegetable and food crops, and lawns, to regulate crops and prevent pest attacks, is propelling the industry growth in India.
In addition, the introduction of various initiatives by the Indian government to increase the domestic production of agrochemicals is also surging the use of sodium monochloro acetate (SMCA). For instance, the Indian government announced that it would bring a production-linked incentive (PLI) scheme for the promotion of the domestic manufacturing of agrochemicals under the Make in India scheme, which is boosting the growth of the sodium monochloro acetate (SMCA) industry in India.
Sodium monochloro acetate (SMCA) is a chemical that is usually available in granular form. It is the sodium salt of chloroacetic acid that is soluble in water. It is toxic if ingested or inhaled, due to which it is extensively used in various herbicides and pesticides to prevent pest attacks. It is also used as a raw material in the manufacturing of various chemicals.
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The major grades of sodium monochloro acetate (SMCA) are:
The market can be broadly categorised on the basis of its end use into:
The EMR report looks into the regional markets of sodium monochloro acetate (SMCA) in India like North, East, West, and South India.
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The robust growth of the chemical industry in India is augmenting the growth of the sodium monochloro acetate (SMCA) industry. According to India Brand Equity Foundation (IBEF), India is the third-largest consumer of polymers, sixth-largest producer of chemicals, and fourth-largest producer of agrochemicals. These industries employ sodium monochloro acetate (SMCA) extensively as a raw material that is propelling the market growth. Moreover, the thriving paint and coating industry as well as cosmetics and personal care industries use various chemicals manufactured by sodium monochloro acetate (SMCA), which is further fuelling the industry growth.
Moreover, the rising demand for speciality chemicals from international companies, which are looking for high-quality and cost-effective chemicals to reduce their reliance on China is consequently increasing the demand for sodium monochloro acetate (SMCA) in various end-uses. This is expected to accelerate the market growth. The flourishing pharmaceuticals industry and the presence of the leading pharmaceutical companies in India are surging the demand for various chemicals such as glycolic acid, which is escalating the demand for sodium monochloro acetate (SMCA), hence contributing to the industry growth.
The report presents a detailed analysis of the following key players in the India sodium monochloro acetate (SMCA) market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Grade |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The India sodium monochloro acetate (SMCA) market is aided by the growth of India agrochemical market, which attained a value of nearly USD 5.77 billion in 2023.
The India sodium monochloro acetate (SMCA) market is aided by the growth of India agrochemical market, which is projected to grow at a CAGR of 8.6% between 2024 and 2032.
The India sodium monochloro acetate (SMCA) market is aided by the growth of India agrochemical market, which is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 12.14 billion by 2032.
The market is being driven by the rising demand for agrochemicals and various government initiatives to boost production activities in India.
The key trends of the market include the rising usage of sodium monochloro acetate in various industries such as cosmetics, personal care, and pharmaceuticals, and the increasing demand for high crop yield owing to the growing population.
The major regions in the market are East India, West India, North India, and South India.
The dominant grades of sodium monochloro acetate (SMCA) in the market are technical grade and pharmaceutical grade, among others.
The significant end uses in the market are agrochemical, chemical, pharmaceutical, and textile, among others.
The key players in the India sodium monochloro acetate (SMCA) market are Archit Organosys Ltd., and Jubilant Ingrevia Limited, among others.
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