Monochloroacetic Acid Market Worth 908.9 Million USD by 2022
The market growth is fueled by the increasing demand for MCA for various applications, such as carboxymethylcellulose (CMC), surfactants, and thioglycolic acid (TGA) from end-use industries, such as construction, detergent, textile, paper, cosmetic, paint, oil & gas, and pharmaceutical. This increase in demand is mainly due to the rising GDP, increasing urbanization, growing disposable income, and improved living standard of the global consumers. Moreover, the global population growth, which is expected to reach 8.5 billion by 2030, will lead to...
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