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April 18, 2008
Global Monochloroacetic Acid Market to Reach 1.1 Billion Pounds by 2012, According to New Report by Global Industry Analysts, Inc.
Growing demand in Asia-Pacific, particularly China and India, is expected to drive the market for monochloroacetic acid. The global monochloroacetic acid market is projected to cross 1.1 billion pounds by the year 2012.
San Jose, CA (PRWEB) April 15, 2008 -- Chloroacetic acid is an organic raw material that is generally used in pharmaceuticals, pesticides, dyestuffs, chemicals pertaining to daily usage, surface active agent, chemicals for paper-making, chemicals for oil-field, textile assistants, rubber assistants, electroplate and perfume materials. Chloroacetic acid is manufactured by chemical production and is used as an herbicide, as a defoliant, as a bacteriostatic and preservative, as a treatment for plantar warts and as a drying agent for curing hay.
Asia-Pacific region is expected to offer huge growth opportunities for monochloroacetic acid. Driven by huge demand in China and India, monochloroacetic acid market in Asia-Pacific is expected to grow at a compounded annual rate of approximately 4.25% over the period 2001-2010, as stated by Global Industry Analysts, Inc. Market for monochloroacetic acid in Europe is estimated at 373 million pounds for 2008. Thyoglycolic acid market represents the fastest growing end use, registering a CAGR of 3.5% over the period 2001-2010.
The report titled "Monochloroacetic Acid: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of Production Process of chloroacetic acid, end-use analysis, product overview, and recent industry activity. The study analyzes market data and analytics in volume sales for the period 1991-2015 by the following end-use segments - Thioglycolic Acid, Cellulose Ethers and 2,4-D Esters & Salts. Regions covered in the report include United States, Canada, Japan, Europe, Asia-Pacific and Latin America.
Key players dominating the global monochloroacetic acid market include Akzo Nobel, Daicel Chemical, Dow Chemical, Kaifeng Dongda Chemical, Niacet and Wuxi Chemical.
For more details about this research report, please visit
http://www.strategyr.com/Monochloroacetic_Acid_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
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Web Site www.StrategyR.com
Posted by Industrial-Manufacturing at April 18, 2008 12:12 AM