Global Long Chain Dicarboxylic Acid Market By Application (Nylon & Other Polyamides, Lubricants, Powder Coatings, Pharmaceuticals, Adhesives, and Corrosion Inhibitors), By End-Use Industry (Chemical, Pharmaceutical & Healthcare, Automotive, and Building & Construction), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Long-Chain Dicarboxylic Acids Market Overview:

Long-chain dicarboxylic acids (LCDA), which accounted for USD 235.85 million in 2021, are projected to see an 8.1% CAGR over the projected period.

This is due to its increasing use in nylon and other polyamides and powder coating applications. Long-chain dicarboxylic acids are produced by fermentation, using either anaerobic or aerobic processes. Long-chain dicarboxylic acids are bio-based products that offer environmental compliance benefits.

Global Long Chain Dicarboxylic Acid Market Scope:

Application analysis

Lubricants accounted for over 20% of global volume in 2021, making them the second most important application segment. The demand for lubricants has increased in industrial equipment manufacturing, automotive and transportation industries, as well as other end-user sectors. Lubricants reduce friction, maintain thermal stability and provide a high load-carrying capability to equipment. These factors will have a positive impact on the market during the forecast period.

In 2021, the demand for powder coatings was more than US$ 20 million. Powder coatings are used in many industries, including construction equipment, infrastructure, transport, electrical, furniture, general metal fabrication, and general engineering. Powder coatings are expected to grow in demand from many industries during the forecast period.

In 2021, more than 24% of the market share was held by LCDA applications such as adhesives and corrosion inhibitors. Because of the environmental benefits, LCDA offers, these applications will continue to grow over the forecast period. Before the steel is embedded into concrete, corrosion inhibitors are applied. This protects the steel from high levels of alkaline and moisture, resulting in better durability.

End-Use Industry analysis

The largest market share was held by the automotive sector in long-chain dicarboxylic acids. This segment is projected to rise at a CAGR of 7% over the forecast period. Long-chain dicarboxylic Acid is an important bio-based product used in manufacturing. It has many applications including lubricants and polyamides as well as adhesives and powder coatings. Corrosion inhibitors are also a growing need for environmentally-friendly chemicals and acids, especially in the automotive sector. Nylon is used in engine covers, airbags, and air intake manifolds.

It also has applications as exterior parts like door handles and tailgate handles, exterior grilles, and fuel caps and lids. Nylon is lightweight, making it an attractive automotive material. The United States Environment Protection Agency states that for every 100 pounds taken from a vehicle, fuel economy increases by 1-2%. The increase in nylon use also drives the growth of long-chain dicarboxylic acid. Lubricants are used for thermal stability and friction reduction. The increased demand for lubricants leads to a higher demand for long-chain dicarboxylic acid. The automotive segment will dominate the long-chain dicarboxylic acid marketplace during the forecast period.

Кеу Маrkеt Ѕеgmеntѕ:

By Application

• Lubricants
• Nylon & Other Polyamides
• Pharmaceuticals
• Adhesives
• Powder Coatings
• Corrosion Inhibitors
• Other Applications

By End-Use Industry

• Chemical
• Pharmaceutical & Healthcare
• Automotive
• Building & Construction
• Other End-Use Industries

Market Dynamics:

Industry growth is expected to be driven by the increasing use of applications like nylon & other polyesters, powder coatings, lubricants, and pharmaceuticals. Because of its uniform, durable and attractive finish, powder coating is used to coat aluminum extrusion frames. These frames can also be used to make windows and doors for the construction and building industry.

Nylon and other polyamide are the most popular applications. Nylon & other polyamides are expected to grow in market share during the forecast period due to their strength, heat resistance, and durability. These characteristics make nylon and other polyamides attractive for use in the end-user markets, which include electronics, packaging, automotive, building & construction, and many others. Because it reduces the body mass of the system, high-performance nylon is used in its manufacture. This system’s weight reduction reduces production costs and improves fuel efficiency.

Over the forecast period, the market will be driven by the growing interest in long-chain, dicarboxylic acid from applications like lubricants and powder coatings. REACH and EPA’s strict environmental regulations regarding the use of bio-based products are expected to drive the market over the forecast period. Over the forecast period, the LCDA market will be constrained by the high price of acid. The cost of LCDA is affected by the price of raw materials. These prices tend to fluctuate. LCDA’s high cost is due to the large investment required in research and development.

Regional Analysis:

China was the dominant market for long-chain dicarboxylic acids in 2021. It accounted for more than 30.4% of global volume. This is due to its large-scale production and high consumption. China’s government has established policies to encourage investment in the construction and building sector, which is driving industry growth. High-performance nylon is used in exterior building & construction products such as glazing, expansion joints, and seals. Asia Pacific LCDA demand exceeded 24-kilo tones in 2021. This is due to a growing need from the end-use sector such as construction and automotive, and industrial equipment production.

The Asia Pacific was the leading market with a 33.13% market share for long-chain dicarboxylic acids due to its low manufacturing costs and availability of skilled workers and raw materials. In the predicted period, the market will see a significant increase in demand for nylon and other polyamides, lubricants and adhesives that use long-chain dicarboxylic acid (LCDA).

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Shandong Hilead Biotechnology Co., Ltd, Cathay Industrial Biotech Ltd., Invista B.V, Evonik Industries AG, Zibo Guangtong Chemical Co., Ltd., are key players in this market. Cathay Industrial Biotech Ltd. announced that it would expand its capacity to meet the market demand for biobased products, including long-chain dibasic acid (LCDA), biopentane damine (DN5), and bio-polyamides (bio-PA).

Маrkеt Кеу Рlауеrѕ:

• Cathay Industrial Biotech Ltd.
• Shandong Hilead Biotechnology Co. Ltd
• Invista B.V
• Zibo Guangtong Chemical Co., Ltd.
• Evonik Industries AG.
• Aecochem
• BASF
• Longhetong
• Qingjiang
• Other Key Players

For the Long Chain Dicarboxylic Acid Market research study, the following years have been considered to estimate the market size: