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Acid Derivatives Such As Chloroacetic Acid Are Used In Pharmaceutical Production

Chloroacetic Acid Market     Chloroacetic acid is a halogenated acetic acid derivative that is used in the production of drugs, drilling fluids, pesticides, and dyes. Growing agriculture industries in Brazil, India, and China, as a result of favorable government regulatory support and raw material access, are expected to drive pesticide demand, which will drive chloroacetic acid growth. The Environmental Protection Agency (EPA) and the European Commission have developed regulatory standards aimed at reducing volatile organic compound (VOC) emissions, which have increased demand for bio-based chemicals and will harm the industry.   Because the product is a strong keratolytic and caustic topical agent, it can be used in a variety of medicines to treat verrucae, atherosclerosis, and skin lesions. Rising demographic aging in countries such as Japan and the United States is expected to have a positive impact over the forecast period.   Chloroacetic acid is a colorless c...