Summary:

  • The global long chain dicarboxylic acid market size reached USD 253.1 Million in 2023.
  • The market is expected to reach USD 415.8 Million by 2032, exhibiting a growth rate (CAGR) of 5.67% during 2024-2032.
  • Asia Pacific leads the market, accounting for the largest long chain dicarboxylic acid market share.
  • Nylon and other polyamides accounts for the majority of the market share in the application segment as they offer superior strength, durability, and chemical resistance. 
  • The rise in demand for biodegradable polymers is a primary driver of the long chain dicarboxylic acid market.
  • Technological advancements and the growing need for greener and sustainable production methods are reshaping the long chain dicarboxylic acid market.

Industry Trends and Drivers:

  • Increasing Demand for Biodegradable Polymers:

The growing demand for biodegradable polymers, driving the adoption of long-chain dicarboxylic acid (LCDA) as these acids serve as essential raw materials for producing eco-friendly plastics and resins, is catalyzing the market growth. Moreover, the imposition of various environmental regulations, prompting industries to shift towards materials that are sustainable and reduce the reliance on fossil fuels, is bolstering the market growth. Besides this, the growing role of LCDA, that is derived from bio-based sources, in enhancing the mechanical properties of biodegradable polymers is fueling the market growth. These polymers find applications in various sectors such as packaging, agriculture, and medical devices, due to the heightened need for materials that can decompose naturally without harming the environment.

  • Growth in the Automotive and Aerospace Industries:

The growing adoption of long-chain dicarboxylic acids in the automotive and aerospace industries for the production of high-performance materials like polyamides and polyesters, which are used in coatings, adhesives, and structural components, is enhancing the market growth. Moreover, the lightweight and durable properties of these polymers make them valuable in sectors where fuel efficiency and performance are critical. In automotive manufacturing, LCDA-based materials help in lowering the vehicle weight to improve fuel efficiency and reduce emissions without compromising strength or durability. Along with this, the widespread product application in the aerospace industry, as LCDA-derived polymers offer resistance to chemicals, high temperatures, and wear, is bolstering the market growth.

  • Rapid Advancements in Bio-Based Chemical Production:

The ongoing shift towards greener and more sustainable production methods, prompting manufacturers to invest in bio-based pathways to produce LCAD from renewable sources, such as vegetable oils and microbes, is anticipated to drive the market growth. Along with this, the rising popularity of bio-based LCAD across industries due to its compatibility with various polymer systems, providing enhanced mechanical properties while being environmentally friendly, is contributing to the market growth. In addition to this, rapid advancements in biotechnology, including genetic engineering and fermentation processes, that make the production of bio-based LCAD more efficient and cost-effective is contributing to the market growth.

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Long Chain Dicarboxylic Acid Market Report Segmentation:

Breakup by Application:

  • Nylon and Other Polyamides
  • Powder Coatings
  • Lubricants
  • Adhesives
  • Pharmaceuticals
  • Corrosion Inhibitors
  • Others

Nylon and other polyamides exhibit a clear dominance due to their extensive use in high-performance applications, including automotive components, textiles, and electrical appliances.

Breakup By Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Asia Pacific holds the leading position owing to a large market for long chain dicarboxylic acid driven by the presence of large manufacturing hubs, and the growing automotive, electronics, and textile industries.

Top Long Chain Dicarboxylic Acid Market Leaders:

The long chain dicarboxylic acid market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies.

Some of the key players in the market are:

  • Capot Chemical Co. Ltd.
  • Cathay Biotech Inc.
  • Corvay Gmbh
  • Henan Junheng Industrial Group Biotechnology Co. Ltd.
  • Shandong Guangtong New Materials Co. Ltd

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