The global long chain
dicarboxylic acid market is expected to reach USD 300.3 million by 2025,
according to a new report by Grand View Research, Inc. Rising product use as
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.
In depth research report on Long Chain Dicarboxylic Acid
Market
Further key findings from the report suggest:
•
Long chain dicarboxylic acid
market is expected to witness the growth at a CAGR of 7.0% from 2016 to 2025
due to its biodegradability, which also offers environmental advantage
•
Pharmaceuticals as an
application of LCDA will witness the fastest growth in terms of revenue at a
CAGR of 8.7% from 2016 to 2024 owing to its superior bio-based properties
•
North America market is
expected to witness significant growth and was estimated at over USD 43 million
in 2015 on account of rising infrastructure development and growing automotive
industry
•
Key participants include Cathay
Industrial Biotech Ltd., Shandong Hilead Biotechnology Co., Ltd, Invista B.V,
Zibo Guangtong Chemical Co., Ltd., and Evonik Industries AG
•
Key companies in the market are
focused on increasing their global presence through mergers & acquisitions
and plant expansions.
•
In June 2016, Cathay Industrial
Biotech Ltd. announced capacity expansion for bio-based products that include
long chain dibasic acids, bio-pentane diamine (DN5), and bio-polyamide (bio-PA)
•
In October 2016, Invista opened
a new 2,15,000-ton capacity hexamethylene diamine (HMD) plant and a
1,50,000-ton capacity polymer plant in China
Grand View Research has
segmented the global long chain dicarboxylic acid (LCDA) market on the basis of
application and region:
Long Chain Dicarboxylic Acid (LCDA) Application Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2013 - 2025)
•
Nylon & Other Polyamides
•
Powder Coatings
•
Lubricants
•
Adhesives
•
Pharmaceuticals
•
Corrosion Inhibitors
•
Others
Long Chain Dicarboxylic Acid (LCDA) Regional Outlook
(Volume, Kilo Tons, Revenue, USD Million, 2013 - 2025)
•
North America
•
U.S.
•
Europe
•
UK
•
Germany
•
Asia Pacific
•
China
•
India
•
Japan
•
Latin America
•
MEA
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About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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