A positive element is anticipated to be the product's growing use in surfactants, oil field applications, and tin stabilisers for processing polyvinyl chloride. It also has industrial uses in the production of thioglycolic acid, cellulose ethers, and pesticides.
A halogenated derivative of acetic acid called chloroacetic acid is used to make insecticides, dyes, drilling fluids, and pharmaceuticals. Growing agricultural industries in Brazil, India, and China are anticipated to increase demand for pesticides, which would in turn boost the Chloroacetic Acid Market. This is due to favourable government regulatory backing and easy availability to raw materials.
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