Chloroacetic acid (otherwise called monochloroacetic corrosive) is an organochlorine compound and a valuable structure block in natural union. It is a halogenated subsidiary of acidic corrosive which is utilized in assembling different synthetic mixtures, drugs, pesticides, penetrating liquids, and colors. Also, it is utilized to deliver or plan modern synthetic substances and is utilized as a compound moderate or thickening specialist in carboxymethyl starch and carboxymethyl-cellulose. Chloroacetic acid is utilized as an acidic subsidiary like amide, anhydride, hydrazide, ester, acyl chloride, and salt because of its high reactivity.
Expanding interest for chloroacetic acid in the farming business is driving the chloroacetic acid market development. It is a boring, translucent strong and is profoundly solvent in water. In the agribusiness business, carboxymethylcellulose is broadly utilized in the creation of showers and pesticides. Besides, the fast development of the farming business in China, India, and Brazil because of positive unofficial laws combined with crude material access is required to build the interest for pesticides, driving the chloroacetic acid market development. Moreover, the European Commission and the Environmental Protection Agency (EPA) have illustrated administrative standards pointed toward lessening unstable natural mixtures discharges, which is required to build the interest for bio-based synthetic substances.
These regulatory norms are expected to hamper the growth of the chloroacetic acid market. For example, manufacturers of chloroacetic acid have been fined as it is polluting the environment and is toxic, according to the European Chemicals Agency. One of the key reasons behind the growth of the market is the widespread usage of chloroacetic acid across end-use industries such as agriculture, cosmetics, chemical, and pharmaceutical. Moreover, due to the increasing global population, the demand for agrochemicals is increasing and this is increasing the demand for food grains, due to which the demand for chloroacetic acid is also expected to increase in near future.
In terms of geography, the chloroacetic acid market is divided into six regions, such as North America, Europe, Asia Pacific, South America, the Middle East, and Africa. In 2017, North America held the third-largest share in the market, owing to increasing demand for chloroacetic acid from end-use industries such as agriculture, cosmetics, chemical, and pharmaceutical. Asia Pacific is also expected to witness substantial growth in the market due to the rising agricultural industry in China and India amid regulatory inclination to increase production output at the domestic level. For instance, the Indian government introduced the Draft National Chemical Policy aimed at increasing chemical output at the domestic level from 3% to 6% by 2020.
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