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India Sodium Monochloro Acetate (SMCA) Market: By Grade: Technical Grade, Pharmaceutical Grade, Others; By End Use: Agrochemical, Chemical, Pharmaceutical, Textile, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

India Sodium Monochloro Acetate (SMCA) Market Outlook

The India sodium monochloro acetate (SMCA) market is aided by the growth of India agrochemical market, which attained a value of about USD 4.5 billion in 2020. The India agrochemical market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 8.6% to reach nearly USD 7.4 billion by 2026.

 

Surging Use of Agrochemicals Boosting the Market Growth of Sodium Monochloro Acetate (SMCA) in India

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.

 

India Sodium Monochloro Acetate (SMCA) Market

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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): Industry Definition and Segmentation

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.

The major grades of sodium monochloro acetate (SMCA) are:

  • Technical Grade
  • Pharmaceutical Grade
  • Others

The market can be broadly categorised on the basis of its end use into:

  • Agrochemical
  • Chemical
  • Pharmaceutical
  • Textile
  • Others

The EMR report looks into the regional markets of sodium monochloro acetate (SMCA) in India like North, East, West, and South India.

 

Robust Growth of the Chemical Industry Driving the Market Growth of Sodium Monochloro Acetate (SMCA) in India

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.

 

Key Industry Players in the India Sodium Monochloro Acetate (SMCA) Market

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:

  • Archit Organosys Ltd.
  • Jubilant Ingrevia Limited
  • Others

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 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Grade, End Use, Region
Breakup by Grade Technical Grade, Pharmaceutical Grade, Others
Breakup by End Use Agrochemical, Chemical, Pharmaceutical, Textile, Others
Breakup by Region North India, East India, West India, South India
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Archit Organosys Ltd., Jubilant Ingrevia Limited, Others
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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    India
7    Industry Opportunities and Challenges
8    India Sodium Monochloro Acetate (SMCA) Market Analysis

    8.1    Key Industry Highlights
    8.2    India Sodium Monochloro Acetate (SMCA) Historical Market (2017-2021) 
    8.3    India Sodium Monochloro Acetate (SMCA) Market Forecast (2022-2027)
    8.4    India Sodium Monochloro Acetate (SMCA) Market by Grade
        8.4.1    Technical Grade
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Pharmaceutical Grade
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Others
    8.5    India Sodium Monochloro Acetate (SMCA) Market by End Use
        8.5.1    Agrochemical
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Chemical
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Pharmaceutical
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Textile
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Others
    8.6    India Sodium Monochloro Acetate (SMCA) Market by Region
        8.6.1    Market Share
            8.6.1.1    North India
            8.6.1.2    East India
            8.6.1.3    West India
            8.6.1.4    South India
9    Regional Analysis
    9.1    North India
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
    9.2    East India
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
    9.3    West India
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
    9.4    South India
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis

    12.1    Sodium Monochloro Acetate (SMCA) Historical Price Trends (2017-2021) and Forecast (2022-2027)
13    Competitive Landscape
    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Archit Organosys Ltd.
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Jubilant Ingrevia Limited
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Others
14    Industry Events and Developments

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment

 

List of Figures and Tables

1.    India Sodium Monochloro Acetate (SMCA) Market: Key Industry Highlights, 2016 and 2026
2.    India Sodium Monochloro Acetate (SMCA) Historical Market: Breakup by Grade (USD Million), 2017-2021
3.    India Sodium Monochloro Acetate (SMCA) Market Forecast: Breakup by Grade (USD Million), 2022-2027
4.    India Sodium Monochloro Acetate (SMCA) Historical Market: Breakup by End Use (USD Million), 2017-2021
5.    India Sodium Monochloro Acetate (SMCA) Market Forecast: Breakup by End Use (USD Million), 2022-2027
6.    India Sodium Monochloro Acetate (SMCA) Historical Market: Breakup by Region (USD Million), 2017-2021
7.    India Sodium Monochloro Acetate (SMCA) Market Forecast: Breakup by Region (USD Million), 2022-2027
8.    India Historical Price Trends and Forecast 2017-2027
9.    India Sodium Monochloro Acetate (SMCA) Market Structure

Key Questions Answered in the Report

The India sodium monochloro acetate (SMCA) market is aided by the growth of India agrochemical market, which attained a value of nearly USD 4.5 billion in 2020.

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 2021 and 2026.

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 2022-2027 to reach about USD 7.4 billion by 2026.

The market is being propelled by the rising demand for agrochemicals and various government initiatives to boost production activities in India.

The industry is expected to be driven by the rising demand for sodium monochloro acetate for end uses in various industries such as cosmetics, personal care, and pharmaceuticals.

The major regions in the industry are East India, West India, North India, and South India.

The major grades of sodium monochloro acetate (SMCA) in the industry are technical grade and pharmaceutical grade, among others.

The significant end uses in the market are agrochemical, chemical, pharmaceutical, and textile, among others.

The major players in the industry are Archit Organosys Ltd., and Jubilant Ingrevia Limited, among others.

Analyst Review

The India sodium monochloro acetate (SMCA) market is aided by the growth of India agrochemical market, which attained a value of nearly USD 4.5 billion in 2020. The market is driven by the rising demand for agrochemicals. Aided by the growing use of sodium monochloro acetate (SMCA) in the production of various chemicals, the India agrochemical market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 8.6%. The India agrochemical market is projected to reach about USD 7.4 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its grades, the sodium monochloro acetate (SMCA) industry can be segmented into technical grade and pharmaceutical grade, among others. On the basis of end uses, the industry is divided into agrochemical, chemical, pharmaceutical, and textile, among others. The major regional markets for sodium monochloro acetate (SMCA) in India are East, West, North, and South India. The key players in the above market include Archit Organosys Ltd., and Jubilant Ingrevia Limited, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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