Research and Markets: Global Monochloroacetic Acid (MCAA) Market 2015-2019: CMC Manufacturers Benefiting from Intensifying Iron Ore and Taconite Mining Activities
By Business Wire News
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/bdzqq3/global) has announced the addition of the “Global Monochloroacetic Acid (MCAA) Market 2015-2019” report to their offering.
According to the report, the significant increase in the demand for low-fat and gluten-free products in the developed nations in the last decade has given a major boost to this growth trend in recent years. This is acting as a major driving force for the growth of the global MCAA market. The growth of the CMC market is further being augmented by the increased demand for CMC for oil drilling operations from the oil and gas industry in North America and the Middle East.
The analysts forecast the global MCAA market to grow at a CAGR of 3.84% over the period 2015-2019.
– Dow Chemical
Commenting on the report, an analyst from the research team said: Traditionally, consumers in developing countries in ROW, especially in Central Europe and CIS, have used soaps for both hand-washing and bathing purposes. However, because of the rising prices of the solid soaps and the superior cleaning ability and ease-of-use of liquid hand washes and shampoos, consumers in these regions have shifted toward the latter. This is acting as a major driving force for the growth of the global MCAA market, as most of these products are made from betaine-type amphoteric surfactants, one of the applications of MCAA.
Further, the report states that constant fluctuation in the prices of raw materials used in the manufacture of MCAA poses a challenge to MCAA manufacturers.
For more information visit http://www.researchandmarkets.com/research/bdzqq3/global
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