Global Long Chain Dicarboxylic Acid (LCDA) Acid Market, By Application (Nylon and Other Polyamides, Powder Coatings, Lubricants, Adhesives, Pharmaceuticals, Corrosion Inhibitors and Others), Properties (Heat Resistance, Durability and Strength), End User (Electronic Component, Packaging, automotive and Building and Construction) – Industry Trends and Forecast to 2029.
Long Chain Dicarboxylic Acid (LCDA) acid Market Analysis and Size
The long chain dicarboxylic acid (LCDA) market is expected to witness a higher growth over the forecast period due to its increased usage in powder coating, nylon, and other polyamide applications. The “nylon and other polyamide” is the highest growing application segment of the market due to its beneficial properties such as heat resistance, strength and durability over the forecast period. Furthermore, the major market players are focusing on easy access to raw materials and meeting environmental regulations which is expected to augment the market growth during the forecast period.
Data Bridge Market Research analyses that the long chain dicarboxylic acid (LCDA) acids market was valued at USD 224.10 million in 2021 and is expected to reach USD 383.61 million by 2029, registering a CAGR of 6.95% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Long Chain Dicarboxylic Acid (LCDA) acid Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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Application (Nylon and Other Polyamides, Powder Coatings, Lubricants, Adhesives, Pharmaceuticals, Corrosion Inhibitors and Others), Properties (Heat Resistance, Durability and Strength), End User (Electronic Component, Packaging, automotive and Building and Construction)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Cathay Biotech Inc. (China). Evonik Industries (Germany), Invista (U.S.), Henan Junheng Industrial Group Biotechnology Co.,Ltd (China), Shandong Guangtong New Materials Co., Ltd. (China), Shandong Hilead Biotechnology (China), DAYANG CHEM (HANGZHOU) CO., LTD (China), Corvay (Germany), Capot Chemical Co.,Ltd. (China)
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Market Opportunities
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Market Definition
Long chain dicarboxylic acids are versatile chemical intermediates used as building blocks for the manufacture of lubricants, polymers or adhesives. Long chain dicarboxylic acids are those organic compounds widely used in industrial applications. For instance, one of the most significant dicarboxylic acids is adipic acid. The adipic acid is used as a monomer for the manufacture of nylon-6, 6. The majority of long chain dicarboxylic acids are formed from the petrochemical resources but they are chemically complex to synthesize, so the long chain dicarboxylic acids can be produced by biotechnologically method.
Global Long Chain Dicarboxylic Acid (LCDA) acid Market Dynamics
Drivers
- Increasing demand of long chain dicarboxylic acid (LCDA) acid in automotive and industrial applications
Long chain dicarboxylic acid (LCDA) is used in producing nylon and other polyamides, powder coatings, lubricants, adhesives and paints. The growing demand for nylon and other polyamides, powder coatings, lubricants, and adhesives in several industrial and automotive applications are some of the major factors expected to propel the growth of global long chain dicarboxylic acid (LCDA) acid market during forecast period of 2022-2029.
- High usage of nylon and other polyamides
Nylon and other polyamides provide several beneficial properties such as durability, heat resistance, and strength. Therefore, these nylon and other polyamides are lucrative for usage in numerous end-user industries such automotive, such as electronic component, packaging, building, and construction. High performance nylon is mainly used to manufacture manifold because it helps reduce the weight of the system. This increases fuel efficiency and lowers production cost. The rising demand for nylon and other polyamides is expected to drive the growth rate of the long chain dicarboxylic acid (LCDA) market.
Furthermore, nylon and other polyamide has several applications in numerous industries that gain major market share over the forecast period due to its beneficial properties such as durability, strength and heat resistance, enhancing the market's growth. These properties makes nylon and other polyamide more advantageous for usage in the several end-user industries, with the growing demand for long chain dicarboxylic acids from several application such as powder coating, corrosion inhibitors and lubricants are major driving factor for the growth of the long chain dicarboxylic acids market.
Opportunities
- Increase in the number of emerging markets
Major market players are focusing on acquisition and mergers to increase their presence throughout the value chain. The majority of the industry market players are concentrating on product advancements and are targeting the development of new products with eco-friendly properties to cater to a broader application market, which will create profitable opportunities for the growth of the long chain dicarboxylic acid (LCDA) acid market.
Furthermore, numerous measures supporting sustainability and environmental conservations are expected to promote long chain dicarboxylic acid (LCDA) in several end-user industries. Favourable consumer spending patterns are anticipated to increase investments in the construction, automotive and pharmaceutical sector which will indirectly support the sales of long chain dicarboxylic acid (LCDA) acid and generate immense opportunities for the market growth.
Restraints/ Challenges
- High cost associated with long chain dicarboxylic acid (LCDA) acid
The high cost of product and the variable cost of raw material are some reason which is anticipated to restrain the demand of the long chain dicarboxylic acid (LCDA) acid and obstruct the growth rate of the market long chain dicarboxylic acid (LCDA) acid during the forecast period of 2022-2029.
This long chain dicarboxylic acid (LCDA) acid market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the long chain dicarboxylic acid (LCDA) acid market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Covid-19 Impact on Long Chain Dicarboxylic Acid (LCDA) acid market
The outbreak of COVID-19 pandemic has impacted every industry globally in one way or another. The major industries such as automotive, chemical and construction industries are highly impacted during this pandemic. Most of the manufacturing plants were shut down due to social distancing policy which resulted in a drop in production. Furthermore, travel bans and border closures caused major problems such as supply chain disruptions due to delay or non-arrival of raw materials, and disrupted financial flows which resulting in lower consumption and demand of long chain dicarboxylic acid. The widespread nature of restrictions on retail and on movement, alongside the continued impact of the virus on air travel, the emergence of new variants, all have adversely impacted the chemical industry and thus, the long chain dicarboxylic acid (LCDA) market too.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Long Chain Dicarboxylic Acid (LCDA) Acid Market Scope
The long chain dicarboxylic acid (LCDA) acid market is segmented on the basis of application, properties and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
- Nylon and Other Polyamides
- Powder Coatings
- Lubricants
- Adhesives
- Pharmaceuticals
- Corrosion Inhibitors
- Others
Properties
- Heat Resistance
- Durability
- Strength
End User
- Electronic Component
- Packaging
- Automotive
- Building and Construction
Long Chain Dicarboxylic Acid ( (LCDA) Acid Market Regional Analysis/Insights
The long chain dicarboxylic acid (LCDA) acid market is analysed and market size insights and trends are provided by country, application, properties and end user as referenced above.
The countries covered in the long chain dicarboxylic acid (LCDA) acid market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the long chain dicarboxylic acid (LCDA) acid market in terms of market share and revenue. This is due to low-cost work force and availability of raw material within this region.
North America is expected to be the fastest developing region during the forecast period of 2022-2029 due to the rapidly increasing demand for long chain dicarboxylic acid (LCDA) acid in numerous applications such as lubricants, adhesives, pharmaceuticals, nylon and other polyamides, powder coatings, corrosion inhibitors and others in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Long chain dicarboxylic acid (LCDA) Acid Market Share Analysis
The long chain dicarboxylic acid (LCDA) acid market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to long chain dicarboxylic acid (LCDA) acid market.
Some of the major players operating in the long chain dicarboxylic acid (LCDA) acid market are:
- Cathay Biotech Inc. (China)
- Evonik Industries (Germany)
- Invista (U.S.)
- Henan Junheng Industrial Group Biotechnology Co.,Ltd (China)
- Shandong Guangtong New Materials Co., Ltd. (China)
- Shandong Hilead Biotechnology (China)
- DAYANG CHEM (HANGZHOU) CO., LTD (China)
- Corvay (Germany)
- Capot Chemical Co.,Ltd. (China)
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