Global Long Chain Dicarboxylic Acid Market 2017-2021

Overview of the global long chain dicarboxylic acid market

The synthesis of long-chain dicarboxylic acid (LCDA) is carried out by eco-friendly routes offered by biotechnology. Also, manufacturers are focusing on the production of a high quantity of LCDA through biochemical routes using recent technological developments and advanced methods. This in turn, helps manufacturers to produce polyamides, lubricants, powder coatings, and others. Technavio's market research report identifies that the biodegradability property of LCDA will be one of the primary growth drivers for the global long chain dicarboxylic acid market till 2021. The demand for LCDA is increasing in developed and emerging economies like the US, China, Germany, France, and India due to the increasing interest from vendors and rising awareness about the benefits of LCDA based products. This will boost the adoption of LCDA over other dicarboxylic acids that are prepared through synthetic routes. Technavio's market research analysts predict that this market will grow at a CAGR of more than 7% by 2021.

The applications of LCDA have low environmental impacts as they are biodegradable. This drives its adoption rate in solvents. The growing demand for LCDA as bio-solvents is witnessed as one of the key trends in the global long chain dicarboxylic acid market. This in turn, motivates manufacturers to replace volatile organic solvents during the production of paint strippers, inks, coatings, agricultural chemicals, and adhesives. LCDA as solvent is extensively used in paint industries because it offers high solubility, evaporation rate, and no odor.

Competitive landscape and key vendors

The long chain dicarboxylic acid market is concentrated and characterized by the presence of few key players. The integration of technological advancements in products and operating at competitive prices will strengthen the competitive scenario of the market. The companies in the LCDA market are focusing on sustaining the competition and gain popularity with time by investing heavily in research and developmental activities.

Key vendors in this market are -

• Cathay Industrial Biotech
• Evonik Industries
• Henan Junheng Industrial Group Biotechnology
• Shandong Hilead Biotechnology
• Zibo Guangtong Chemical

Other prominent vendors in the market include Aecochem Products, BASF, Elevance Renewable Sciences, Hangzhou Dayangchem, Nantong Senos Biotechnology, TCI AMERICA, Toronto Research Chemicals, UBE INDUSTRIES, and Unisource Chemicals.

Segmentation by application and analysis of the long chain dicarboxylic acid market

• Corrosion inhibitors
• Powder coatings
• Lubricants
• Nylon and polyamides

The demand for LCDA is increasing in the coming years due to its applications in the manufacturing of nylon and polyamides. As a result, the rising application of nylon and polyamides in automotive and building construction will boost growth in the nylon and polyamides segment. High strength and stiffness, fatigue resistance, and temperature resistance are some of the properties of high-performance nylon and other polyamides. This drives its application in infrastructure projects for exterior building and construction products including glazing, expansion joints, seals, window setting blocks, and door bulb seals.

Segmentation by geography and analysis of the long chain dicarboxylic acid market

• Americas
• APAC
• EMEA

During 2016, China was the major contributor towards the market due to the large-scale production and consumption of LCDA in the country. The adoption of long-chain dicarboxylic acid is high in APAC due to its low manufacturing cost. The LCDA market will continue to grow in the region throughout the estimated period due to the easy availability of skilled workforce and raw materials.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global long chain dicarboxylic acid market?
• What are the key market trends impacting the growth of the global long chain dicarboxylic acid market?
• What are the challenges to market growth?
• Who are the key vendors in the global long chain dicarboxylic acid market?
• What are the market opportunities and threats faced by the vendors in the global long chain dicarboxylic acid market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global long chain dicarboxylic acid market?

Technavio also offers customization on reports based on specific client requirement.

The growing demand coming from nylon and polyamide application is driving the growth of the global long chain dicarboxylic acid market. Although the market presents substantial market growth opportunities, its growth is limited due to?a lack of awareness on LCDA.

This research report on the global long chain dicarboxylic acid market offers deep insights into the chemicals and materials industry focusing on major segments like specialty chemicals. Furthermore, this study also implements an in-depth market research methodology including primary and secondary data collection procedures to offer a comprehensive picture of the market for the projected period of 2017-2021.

This report on the global long chain dicarboxylic acid market is highly competitive with some major players. Some of the prominent players in this market include DuPont, Cathay Industrial, Evonik, Capot Chemical. This report is segmented across several geographies like the Americas, APAC, and EMEA to help the clients expand in niche markets and formulate effective strategies.

Our report on the global long chain dicarboxylic acid market also offers insights into other major segments in the chemicals and materials industry like the metals and minerals. Furthermore, this report on the global long chain dicarboxylic acid market considers similar fast-growing market like the carboxylic acid market, which is expected to post a CAGR of around 6% by 2021.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.