Long Chain Dicarboxylic Acid Market Size, Share & Trends Analysis Report By Application (Nylon & Other Polyamides, Powder Coatings, Lubricants, Adhesives, Pharmaceuticals, Corrosion Inhibitors), By Region, And Segment Forecasts, 2023 - 2030
Long Chain Dicarboxylic Acid Market Growth & Trends
The global long chain dicarboxylic acid market size is expected to reach USD 389.3 million by 2030, at a CAGR of 7.0% according to a new report by Grand View Research, Inc. Rising product use as long chain dicarboxylic acid (LCDA) applications such as nylon & other polyamide, powder coatings and lubricants will augment market growth over the next nine years.
The increasing use of long chain dicarboxylic acid as precursor in manufacturing of nylon & other polyamides, powder coatings, lubricants, adhesives, and corrosion inhibitors, applications will fuel the long chain dicarboxylic acid demand. Rising application scope of nylon & other polyamides in automotive and building construction is expected to propel long chain dicarboxylic acid growth over the forecast period.
Long chain dicarboxylic acid is employed as a key bio-based product for manufacturing in various applications. LCDA is an environmentally degradable product which makes its suitable for compliance with various regulatory norms laid by REACH and EPA in Europe and North America respectively.
High performance nylon & other polyamide used possess properties like high strength & stiffness, fatigue resistance, and broad temperature toleration. High performance nylon is widely used in infrastructure projects across various geographies of the world. The growth of above stated application segment is expected to fuel long chain dicarboxylic acid demand over the forecast period.
Long Chain Dicarboxylic Acid Market Report Highlights
- Long chain dicarboxylic acid market is expected to witness the growth at a CAGR of 7.0% from 2023 to 2030 due to its biodegradability, which also offers environmental advantage
- Asia Pacific dominated the market and accounted for the largest revenue share of 30.7% in 2022 and is expected to grow at the fastest CAGR of 7.32% during the forecast period.
- Key companies in the market are focused on increasing their global presence through mergers & acquisitions and plant expansions.
- In June 2023, Cathay Biotech Inc. successfully secured additional funding and established a significant strategic partnership with China Merchants Group (CMG).
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Application
- 1.1.2. Regional scope
- 1.1.3. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR’s internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
- Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Application outlook
- 2.2.2. Regional outlook
- 2.3. Competitive Insights
- Chapter 3. Long Chain Dicarboxylic Acid (LCDA) Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Value Chain Analysis
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market driver analysis
- 3.5.2. Market restraint analysis
- 3.5.3. Industry opportunities & challenges
- 3.6. Long Chain Dicarboxylic Acid (LCDA) Market Analysis Tools
- 3.6.1. Industry Analysis - Porter’s
- 3.6.1.1. Supplier power
- 3.6.1.2. Buyer power
- 3.6.1.3. Substitution threat
- 3.6.1.4. Threat of new entrant
- 3.6.1.5. Competitive rivalry
- 3.6.2. PESTEL Analysis
- 3.6.2.1. Political landscape
- 3.6.2.2. Technological landscape
- 3.6.2.3. Economic landscape
- 3.6.2.4. Social landscape
- 3.6.2.5. Environmental landscape
- 3.6.2.6. Legal landscape
- Chapter 4. Supplier Portfolio Analysis
- 4.1. List of Suppliers
- 4.2. Kraljic Matrix
- 4.3. C Sourcing Best Practices
- 4.4. Negotiation Strategies
- Chapter 5. Long Chain Dicarboxylic Acid (LCDA): Application Estimates & Trend Analysis
- 5.1. Long Chain Dicarboxylic Acid (LCDA) Market: Key Takeaways
- 5.2. Long Chain Dicarboxylic Acid (LCDA) Market: Movement & Market Share Analysis, 2022 & 2030
- 5.3. Nylon & Other Polyamides
- 5.3.1. Nylon & other polyamides market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
- 5.4. Powder Coatings
- 5.4.1. Powder coatings market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
- 5.5. Lubricants
- 5.5.1. Lubricants market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
- 5.6. Adhesives
- 5.6.1. Adhesives market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
- 5.7. Pharmaceuticals
- 5.7.1. Pharmaceuticals market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
- 5.8. Corrosion Inhibitors
- 5.8.1. Corrosion inhibitors market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
- 5.9. Others
- 5.9.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
- Chapter 6. Long Chain Dicarboxylic Acid (LCDA) Market: Regional Estimates & Trend Analysis
- 6.1. Regional Outlook
- 6.2. Long Chain Dicarboxylic Acid (LCDA) Market by Region: Key Takeaway
- 6.3. North America
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 6.3.2. U.S.
- 6.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 6.3.3. Canada
- 6.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 6.3.4. Mexico
- 6.3.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 6.4. Europe
- 6.4.1. UK
- 6.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 6.4.2. Germany
- 6.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 6.4.3. France
- 6.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 6.4.4. Italy
- 6.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 6.4.5. Spain
- 6.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 6.5. Asia Pacific
- 6.5.1. China
- 6.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 6.5.2. Japan
- 6.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 6.5.3. India
- 6.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 6.5.4. South Korea
- 6.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 6.6. Central and South America
- 6.6.1. Brazil
- 6.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 6.6.2. Argentina
- 6.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 6.7. MEA
- 6.7.1. Saudi Arabia
- 6.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 6.7.2. South Africa
- 6.7.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Market Participant Categorization
- 7.2.1. Cathay Biotech Inc.
- 7.2.1.1. Company overview
- 7.2.1.2. Financial performance
- 7.2.1.3. Product benchmarking
- 7.2.1.4. Strategic initiatives
- 7.2.2. DuPont
- 7.2.2.1. Company overview
- 7.2.2.2. Financial performance
- 7.2.2.3. Product benchmarking
- 7.2.2.4. Strategic initiatives
- 7.2.3. INVISTA
- 7.2.3.1. Company overview
- 7.2.3.2. Financial performance
- 7.2.3.3. Product benchmarking
- 7.2.3.4. Strategic initiatives
- 7.2.4. Evonik Industries AG
- 7.2.4.1. Company overview
- 7.2.4.2. Financial performance
- 7.2.4.3. Product benchmarking
- 7.2.4.4. Strategic initiatives
- 7.2.5. Shandong Hilead Biotechnology Co., Ltd.
- 7.2.5.1. Company overview
- 7.2.5.2. Financial performance
- 7.2.5.3. Product benchmarking
- 7.2.5.4. Strategic initiatives
- 7.2.6. Henan Junheng Industrial Group Biotechnology Co., Ltd
- 7.2.6.1. Company overview
- 7.2.6.2. Financial performance
- 7.2.6.3. Product benchmarking
- 7.2.6.4. Strategic initiatives
- 7.2.7. AECOCHEM
- 7.2.7.1. Company overview
- 7.2.7.2. Financial performance
- 7.2.7.3. Product benchmarking
- 7.2.7.4. Strategic initiatives
- 7.2.8. Capot Chemical Co.,Ltd.
- 7.2.8.1. Company overview
- 7.2.8.2. Financial performance
- 7.2.8.3. Product benchmarking
- 7.2.8.4. Strategic initiatives
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