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Long-chain Dicarboxylic Acid Market Size (2024 - 2029)

The long-chain dicarboxylic acid market is anticipated to experience significant growth, driven by increasing demand in the powder coatings and nylon segments. Despite challenges such as high costs and the impact of the COVID-19 pandemic, the market's expansion is supported by opportunities in adhesives and lubricants. The nylon segment is projected to lead the market due to its widespread use in sectors like packaging, electronics, automotive, and construction. The Asia-Pacific region, particularly China and India, holds a dominant position in terms of consumption.

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Market Size of Long-chain Dicarboxylic Acid Industry

Long Chain Dicarboxylic Acid Market - Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 7.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

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*Disclaimer: Major Players sorted in no particular order

Long Chain Dicarboxylic Acid Market Analysis

The long-chain dicarboxylic acid market is expected to register a CAGR of over 7% during the forecast period. Major factors driving the market studied are increasing demand from the powder coatings segment and growing demand from the nylon and other polyamides segment. However, high product cost and unfavorable conditions arising due to the COVID-19 outbreak are the major factors hindering the growth of the market.

  • The growing application of long-chain dicarboxylic acid in adhesives and lubricants is expected to offer various lucrative opportunities for the growth of the market.
  • By application, the nylon and other polyamides segment is expected to dominate the market, owing to its increasing usage in various end-user industries, such as packaging, electronic components, automotive, and building and construction.
  • Asia-Pacific dominated the market across the world, with the largest consumption from China and India.

Long Chain Dicarboxylic Acid Industry Segmentation

The scope of the long-chain dicarboxylic acid market report includes:

Application
Powder Coatings
Nylon and Other Polyamides
Adhesives
Lubricants
Pharmaceuticals
Corrosion Inhibitors
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Long-chain Dicarboxylic Acid Market Size Summary

The long-chain dicarboxylic acid market is poised for significant growth, driven by increasing demand from the powder coatings and nylon segments. The market is experiencing a surge in applications within adhesives and lubricants, presenting lucrative opportunities for expansion. Despite challenges such as high product costs and the lingering effects of the COVID-19 pandemic, the market is expected to grow rapidly. The nylon and other polyamides segment is anticipated to lead the market due to its extensive use in packaging, electronics, automotive, and construction industries. The Asia-Pacific region, particularly China and India, dominates the global market, fueled by rising demand in various applications.

The production of long-chain dicarboxylic acid through eco-friendly fermentation processes aligns with the growing emphasis on sustainability. The increasing demand for high-performance nylon, known for its heat resistance, strength, and durability, is a key factor propelling market growth. This demand is further supported by the need for lightweight materials in automotive applications, which enhance fuel efficiency and reduce production costs. The market's expansion is also bolstered by the growing use of powder coatings in construction and infrastructure, as well as the demand for corrosion inhibitors in the building industry. Major players in the market, such as Cathay Biotech Inc. and Zibo Guangtong Chemical Co. Ltd, are well-positioned to capitalize on these trends, supported by favorable government policies.

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Long-chain Dicarboxylic Acid Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand from Powder Coatings Segment

      2. 1.1.2 Growing Demand from Nylon and Other Polyamides Segment

    2. 1.2 Restraints

      1. 1.2.1 High Cost of the Acid

      2. 1.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Application

      1. 2.1.1 Powder Coatings

      2. 2.1.2 Nylon and Other Polyamides

      3. 2.1.3 Adhesives

      4. 2.1.4 Lubricants

      5. 2.1.5 Pharmaceuticals

      6. 2.1.6 Corrosion Inhibitors

      7. 2.1.7 Other Applications

    2. 2.2 Geography

      1. 2.2.1 Asia-Pacific

        1. 2.2.1.1 China

        2. 2.2.1.2 India

        3. 2.2.1.3 Japan

        4. 2.2.1.4 South Korea

        5. 2.2.1.5 Rest of Asia-Pacific

      2. 2.2.2 North America

        1. 2.2.2.1 United States

        2. 2.2.2.2 Canada

        3. 2.2.2.3 Mexico

      3. 2.2.3 Europe

        1. 2.2.3.1 Germany

        2. 2.2.3.2 United Kingdom

        3. 2.2.3.3 Italy

        4. 2.2.3.4 France

        5. 2.2.3.5 Rest of Europe

      4. 2.2.4 South America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Argentina

        3. 2.2.4.3 Rest of South America

      5. 2.2.5 Middle-East and Africa

        1. 2.2.5.1 Saudi Arabia

        2. 2.2.5.2 South Africa

        3. 2.2.5.3 Rest of Middle-East and Africa

Long-chain Dicarboxylic Acid Market Size FAQs

The Long-chain Dicarboxylic Acid Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)

Cathay Biotech Inc., Zibo Guangtong Chemical Co. Ltd, Henan Junheng Industrial Group Biotechnology Co. Ltd, AECOCHEM and INVISTA are the major companies operating in the Long-chain Dicarboxylic Acid Market.

Long-chain Dicarboxylic Acid Report Snapshots

Long-chain Dicarboxylic Acid Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)