Chloroacetic Acid and Its Growing Market

Chloroacetic acid plays an important role as an alkylating agent, preservative, bacteriostat, and an herbicide. It is a chloro carboxylic acid as well as a haloacetic acid because it is drived from acetic acid. Available in colorless to light-brown crystalline form, this acid is soluble and sinks in water. It has combustible nature and is sold by Chloroacetic Acid Manufacturers usually in molten liquid form. 

Thus, it should be handled carefully as it can cause thermal burns. It is toxic and hence it must not be ingested, bring in contact with your skin, or inhaled. It is corrosive to tissues as well as metals. 

The applications of chloroacetic acid are vast. It is widely used for organic compound synthesis and producing various chemical compounds, agrochemicals, dyes, and even drugs. It is also used as a thickening agent and chemical intermediate in carboxymethylcellulose (CMC) and carboxymethyl starch. 

Besides, it is used to make thioglycolic acid and glycine which is a major precursor in the production of glyphosate.

Chloroacetic is a synthetic organic intermediate that is utilized as an acid derivative, such as ester, hydrazide, anhydride, salt, acyl chloride, and amide.  

Growth of Chloroacetic acid Market

Since chloroacetic acid is used in a huge array of applications for a variety of purposes, the global market for chloroacetic acid is expected to increase more in the upcoming years. As it is also used for the production of glycine – a compound that is used as a buffering agent in antacids, analgesics, antiperspirants, and toiletries, the demand for Chloroacetic Acid Manufacturers is significantly increasing. 

However, the government regulates the production and the use of chloroacetic acid. Thus, it can be a major factor in restraining the increasing demand.   

According to the Harmonised Classification and Labelling (ATP01) approved by the European Union, chloroacetic acid is toxic when swallowed, inhaled, or exposed to skin and causes severe skin burns and eye damage. Besides, authorities like European Chemical Agency (ECHA) identify this acid as harmful to aquatic life as well.

In 2017, the global market value of chloroacetic acid was estimated at US$ 1,403.2 million and expected to reach a CAGR of 6.87% in terms of revenue over the forecast period between 2018 and 2026. Based on the predictions, the global chloroacetic acid market value is expected to surpass US$ 2,654.1 million by 2026. 

The growing pharmaceutical industry in the US and around the world is another factor that drives the growth of the chloroacetic acid market. 

If you are also looking for a trusted Chloroacetic Acid Manufacturer and supplier, look no further than Asia Chemical Manufacturer – a reliable worldwide professional supplier of pharmaceutical intermediate products.