Reports
Global Sodium Monochloro Acetate Market Size, Forecast: By Grade: Technical Grade, Pharmaceutical Grade, Others; By End Use: Agrochemical, Chemical, Pharmaceutical, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Global Sodium Monochloro Acetate Market Outlook
The global sodium monochloro acetate market is aided by the rising global agrochemicals market, which attained USD 242.55 billion in 2023. The global agrochemicals market is expected to grow in the forecast period of 2024-2032 at a CAGR of 5%.
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Extensive Use of Sodium Monochloro Acetate in the Pharmaceuticals Industry Boosting the Market Growth
The robust growth of the pharmaceuticals industry owing to the surge in various health-related issues is aiding the growth of the sodium monochloro acetate industry. It is used in the manufacturing of some extensively used drugs, which is propelling the market growth. Sodium monochloro acetate is employed as a raw material in the production of glycine, which is used in various drugs to improve gastric absorption of pharmaceutical-grade products. Moreover, increasing research on glycine as a cure for schizophrenia and cancer owing to its favourable properties is surging its usage.
This is consequently surging the demand for sodium monochloro acetate, hence aiding the market growth. In addition, sodium monochloro acetate plays a significant role in manufacturing malonates, which are extensively employed as a drug intermediate in the pharmaceutical industry. Furthermore, the high reactivity between the carbon and chlorine bond makes it ideal to be used in drug manufacturing of synthetic caffeine, vitamins, and barbiturates, among others, which is providing further impetus to the market growth.
Sodium Monochloro Acetate: Market Segmentation
Sodium monochloro acetate refers to the sodium salt of chloroacetic acid that is manufactured by neutralising the acid with alkali. It is usually available in white powder form and has a pungent odour. It is soluble in water and is used as a raw material for the production of various chemicals, drugs, and surfactants, among others.
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The major grades of sodium monochloro acetate are:
- Technical Grade
- Pharmaceutical Grade
- Others
The market can be broadly categorised on the basis of its end uses into:
- Agrochemical
- Chemical
- Pharmaceutical
- Others
The EMR report looks into the regional markets of sodium monochloro acetate like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand for Agrochemicals to Bolster the Growth of the Sodium Monochloro Acetate Industry
The extensive use of agrochemicals in the agricultural industry owing to the exponential rise in population and reducing arable land is propelling the market growth. It is used in the production of 2,4-dichlorophenoxyacetic acid, which is extensively employed as a herbicide in the agriculture industry. It is used in various applications such as forestry sites, aquatic sites, and crop fields, which is consequently propelling the industry growth. Furthermore, the use of 2,4-dichlorophenoxyacetic acid as a substitute for hazardous Agent Orange that can lead to cancer, is anticipated to augment the growth of the sodium monochloro acetate industry. Apart from this, the extensive use of dimethoate, which uses sodium monochloro acetate in its production in several agricultural applications, is projected to fuel the market growth. Moreover, the growing demand for toxin-free crop protection agents is surging the use of sodium monochloro acetate, which is estimated to invigorate the industry growth.
Key Industry Players in the Global Sodium Monochloro Acetate Market
The report presents a detailed analysis of the following key players in the global sodium monochloro acetate market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- CABB Group GmbH
- Archit Organosys Ltd.
- Nouryon
- Jubilant Ingrevia Limited
- Denak Co., Ltd.
- 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 | 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- Grade, End Use, Region |
| Breakup by Grade | Technical Grade, Pharmaceutical Grade, Others |
| Breakup by End Use | Agrochemical, Chemical, Pharmaceutical, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, 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 | CABB Group GmbH, Archit Organosys Ltd., Nouryon, Jubilant Ingrevia Limited, Denak Co., Ltd., 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Sodium Monochloro Acetate Market Analysis
8.1 Key Industry Highlights
8.2 Global Sodium Monochloro Acetate Historical Market (2018-2023)
8.3 Global Sodium Monochloro Acetate Market Forecast (2024-2032)
8.4 Global Sodium Monochloro Acetate Market by Grade
8.4.1 Technical Grade
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Pharmaceutical Grade
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Sodium Monochloro Acetate Market by End Use
8.5.1 Agrochemical
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Chemical
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Pharmaceutical
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Sodium Monochloro Acetate Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Sodium Monochloro Acetate Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Sodium Monochloro Acetate Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Sodium Monochloro Acetate Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Sodium Monochloro Acetate Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Sodium Monochloro Acetate Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 CABB Group GmbH
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Archit Organosys Ltd.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Nouryon
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Jubilant Ingrevia Limited
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Denak Co., Ltd.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Others
18 Key Trends and Developments in the Market
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 Key Figures and Tables
1. Global Sodium Monochloro Acetate Market: Key Industry Highlights, 2018 and 2032
2. Global Sodium Monochloro Acetate Historical Market: Breakup by Grade (USD Millon), 2018-2023
3. Global Sodium Monochloro Acetate Market Forecast: Breakup by Grade (USD Millon), 2024-2032
4. Global Sodium Monochloro Acetate Historical Market: Breakup by Type (USD Millon), 2018-2023
5. Global Sodium Monochloro Acetate Market Forecast: Breakup by Type (USD Millon), 2024-2032
6. Global Sodium Monochloro Acetate Historical Market: Breakup by End Use (USD Millon), 2018-2023
7. Global Sodium Monochloro Acetate Market Forecast: Breakup by End Use (USD Millon), 2024-2032
8. Global Sodium Monochloro Acetate Historical Market: Breakup by Region (USD Millon), 2018-2023
9. Global Sodium Monochloro Acetate Market Forecast: Breakup by Region (USD Millon), 2024-2032
10. North America Sodium Monochloro Acetate Historical Market: Breakup by Country (USD Millon), 2018-2023
11. North America Sodium Monochloro Acetate Market Forecast: Breakup by Country (USD Millon), 2024-2032
12. Europe Sodium Monochloro Acetate Historical Market: Breakup by Country (USD Millon), 2018-2023
13. Europe Sodium Monochloro Acetate Market Forecast: Breakup by Country (USD Millon), 2024-2032
14. Asia Pacific Sodium Monochloro Acetate Historical Market: Breakup by Country (USD Millon), 2018-2023
15. Asia Pacific Sodium Monochloro Acetate Market Forecast: Breakup by Country (USD Millon), 2024-2032
16. Latin America Sodium Monochloro Acetate Historical Market: Breakup by Country (USD Millon), 2018-2023
17. Latin America Sodium Monochloro Acetate Market Forecast: Breakup by Country (USD Millon), 2024-2032
18. Middle East and Africa Sodium Monochloro Acetate Historical Market: Breakup by Country (USD Millon), 2018-2023
19. Middle East and Africa Sodium Monochloro Acetate Market Forecast: Breakup by Country (USD Millon), 2024-2032
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
25. Global Sodium Monochloro Acetate Market Structure
Key Questions Answered in the Report
In 2023, the global sodium monochloro acetate market is aided by the rising global agrochemicals market, which attained USD 242.55 billion.
The global agrochemicals market is projected to grow at a CAGR of 5% between 2024 and 2032.
The market is being driven by the robust growth of the pharmaceuticals industry, increasing research of glycine, and the use of sodium monochloro acetate in the manufacturing of synthetic caffeine, vitamins, and barbiturates.
The key trends of the market include the rising usage of precision agriculture, growing use of crop protection agents, and the extensive use of sodium monochloro acetate in the production of herbicides and pesticides.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading grades of sodium monochloro acetate in the market are technical grade and pharmaceutical grade, among others.
The significant end uses in the market are agrochemical, chemical, and pharmaceutical, among others.
The key players in the global sodium monochloro acetate market are CABB Group GmbH, Archit Organosys Ltd., Nouryon, Jubilant Ingrevia Limited, and Denak Co., Ltd., among others.
Analyst Review
The global sodium monochloro acetate market is aided by the rising global agrochemicals market, which attained USD 242.55 billion in 2023. The market is driven by the robust growth of the pharmaceuticals industry. Aided by the upcoming trend of precision agriculture, the global agrochemicals market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5%.
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 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, and pharmaceutical, among others. The major regional markets for sodium monochloro acetate are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include CABB Group GmbH, Archit Organosys Ltd., Nouryon, Jubilant Ingrevia Limited, and Denak Co., Ltd., 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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