Growth in Oil and Gas Activities Generates Promising Demand Opportunities in Monochloroacetic Acid Market
- Monochloroacetic acid market is projected to gather prodigious expansion avenues during 2019 to 2027. Increased utilization of carboxymethyl cellulose in oil & gas industry is expected to fuel market demand in the years ahead.
- Based on region, Asia Pacific is likely to gain lucrative avenues between 2019 and 2027.
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ALBANY, N.Y., March 1, 2021 /PRNewswire/ Monochloroacetic acid refers to a monochrome crystalline material produced with chlorination of acetic acid using catalyst. Apart from this, the product can be manufactured by trichloroethene hydrolysis using sulfuric acid. Monochloroacetic acid is popular as an intermediate for a wide range of chemical products. It is soluble in water and majority of organic solvents, excluding carbon tetrachloride.