London, 29 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the global MCAA market 2015-2019, which is expected to grow moderately and post a CAGR of 3.84% during the forecast period of 2014-2019, in terms of revenue.
The significant rise in the demand for MCAA is expected to continue to rise during the forecast period, because of its increased applications in the agrochemicals sector in the emerging economies in APAC and South America. Also, the demand for MCAA for 2,4-D production has witnessed rapid increase in recent years, owing to its elevated usage in India and Brazil.
“As MCAA is commercially produced by the chlorination of acetic acid in presence of acetic anhydride as a catalyst, the significant increase in acetic acid capacity in India in recent years is a major driving force for the growth of the market,” says Faisal Ghaus, Vice President of Technavio.
“Major global and regional acetic acid manufacturers have started increasing their production capacities to cater to increased demand for MCAA from the glycine and 2,4-D manufacturers and the herbicide sector.”
Key Market Drivers
- Growth of Global CMC Market
- Increased Demand from China
- Growing Application in Agrochemicals
Key Market Trends
- Elevated Production of Cyanoacetic Acid
- Increased Demand for TGA from PVC Manufacturers
- Growing Popularity of Betaine-type Surfactants
- Increase in Acetic Acid Capacity in India
Key Market Vendors
- AkzoNobel NV
- CABB GmbH
- Daicel Corp.
- MCAA SE
- Niacet Corp.
- The Dow Chemical Co.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
