Long Chain Dicarboxylic Acid Market To Reach $389.3 Million By 2030

Long Chain Dicarboxylic Acid Market Growth & Trends

The global long chain dicarboxylic acid market size is expected to reach USD 389.3 million by 2030, at a CAGR of 7.0% according to a new report by Grand View Research, Inc. Rising product use as long chain dicarboxylic acid (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.

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Long Chain Dicarboxylic Acid Market Report Highlights

• Long chain dicarboxylic acid market is expected to witness the growth at a CAGR of 7.0% from 2023 to 2030 due to its biodegradability, which also offers environmental advantage  

• Asia Pacific dominated the market and accounted for the largest revenue share of 30.7% in 2022 and is expected to grow at the fastest CAGR of 7.32% during the forecast period.

• Key companies in the market are focused on increasing their global presence through mergers & acquisitions and plant expansions.

• In June 2023, Cathay Biotech Inc. successfully secured additional funding and established a significant strategic partnership with China Merchants Group (CMG).

Long Chain Dicarboxylic Acid Market Report Segmentation

Grand View Research has segmented the global long chain dicarboxylic acid (LCDA) market on the basis of application and region:

Long Chain Dicarboxylic Acid Application Outlook (Revenue in USD Million, Volume in Kilo Tons, 2018 - 2030)

• Nylon & Other Polyamides

• Powder Coatings

• Lubricants

• Adhesives

• Pharmaceuticals

• Corrosion Inhibitors

• Others

Long Chain Dicarboxylic Acid Regional Outlook (Revenue in USD Million, Volume in Kilo Tons, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

• Central and South America

  • Brazil

  • Argentina

• Middle East and Africa

  • Saudi Arabia

  • South Africa

List of Key Players in Long Chain Dicarboxylic Acid Market

• Cathay Biotech Inc.

• DuPont

• INVISTA

• Evonik Industries AG

• Shandong Hilead Biotechnology Co., Ltd.

• Henan Junheng Industrial Group Biotechnology Co., Ltd

• AECOCHEM

• Capot Chemical Co.,Ltd.