Chloroacetic acid is a unique organochlorine compound and a fundamental component of the synthesis of organic compounds. As a result, it is used to make a variety of chemical compounds, agrochemicals, dyes, and pharmaceuticals. In addition to being a thickening agent or chemical intermediate in carboxymethylcellulose (CMC) and carboxymethyl starch, chloroacetic acid is used to prepare or produce industrial chemicals. A significant precursor to the production of glyphosate is glycine, which is also produced along with thioglycolic acid.
In terms of revenue, the global Chloroacetic Acid Market was estimated to be worth US$ 1575.6 Million in 2021, exhibiting a CAGR of 6.47% over the forecast period (2022 to 2030).
Prominent Players in the Chloroacetic Acid Industry:
1. CABB GmbH
A multinational chemical company engaged in chlorination, sulfonation, and methylation is known as CABB International GmbH (originally Clariant (Acetyl Building Blocks) GmbH & Co. KG). Basic materials are provided by CABB to clients in the pharmaceutical and agrochemical sectors.
China's Cabb starts making monochloroacetic acid.
2.Arkema Group
Arkema S.A. is a publicly traded, multinational manufacturer of specialty materials with headquarters in Colombes, France, just outside of Paris. Adhesives, advanced materials, and coatings are its three specialty material segments. Chemical intermediates are covered in a later section.
The phosphorus derivatives business at Arkema is sold off.
3. Daicel Corporation
Japan-based Daicel Corporation is a chemical company. It conducts business in the fields of polymers, pyrotechnic devices, organic chemicals, high-performance chemicals, and celluloid technologies.
4. Niacet Corporation
Kerry Group has acquired Niacet, a major manufacturer of organic salts, including propionates and acetates, that caters to the pharmaceutical, food, feed, and technical industries, along with its two well-established and fully automated manufacturing facilities in Tiel, the Netherlands, and Niagara Falls, New York, USA.
Kemira Acetates Line Will Be Acquired by Niacet.
5. Akzo Nobel N.V.
A Dutch multinational corporation known as Akzo Nobel N.V.—stylized as AkzoNobel—manufactures paints and performance coatings for use by consumers and industry alike. The company, which has its headquarters in Amsterdam, employs over 32,000 people and conducts business in more than 80 nations. 2020 sales were €8.5 billion.
Akzo Nobel regrets its past behaviour in the former cartel for monochloroacetic acid.
*Definition: Monochloroacetic acid, also referred to as chloroacetic acid in industry, is an organochlorine compound with the chemical formula ClCH2CO2H. This carboxylic acid is a helpful component in the synthesis of organic compounds. It is a solid with no colour. Dichloroacetic acid and trichloroacetic acid are related substances.
