Long chain dicarboxylic acid has properties which provide them with great flexibility and strength, and they also possess an ability to bend which reduces breakage & number of links in polymer. These properties make the long chain dicarboxylic acid useful as precursor for manufacturing of various applications including nylon & other polyamide, powder coatings, lubricants, adhesives, pharmaceuticals, and corrosion inhibitors. Long chain dicarboxylic acid offers advantage as it can be produced via both aerobic and anaerobic fermentation process.
The application of long chain dicarboxylic acid in nylon & other polyamide are expected to gain market share on account of the properties offered such high strength and stiffness, fatigue & temperature resistance, and broad temperature toleration. However, the high cost of long chain dicarboxylic acid acts as major restraint over the forecast period.
The long chain dicarboxylic acid is increasingly used in applications such as powder coatings, lubricants, and adhesives. The powder coating application of long chain dicarboxylic acid (LCDA) demand is expected to be boosted by the end use industry such as automotive and building & construction. Rising environmental awareness about bio-based long chain dicarboxylic acid (LCDA) is also likely to drive the market growth over the forecast period. The growing production in the Asia Pacific region owing to growing demand from various applications coupled with advanced production facilities is expected to push the industry upward over the forecast period.
Global nylon & other polyamide application market value, by region, 2015 (USD Million)
Surging demand from the end-use industries due to the environmental sustainability of long chain dicarboxylic acid as bio-based solvents is expected to augment the demand over the forecast period. The demand for long chain dicarboxylic acid (LCDA) is on the rise owing to its varied use in applications such as nylon & other polyamides, powder coatings, lubricants, and adhesives which account for more than 70% share by volume in 2015.
Rising norms by governments for environmental friendly starting material such as long chain dicarboxylic acid over the past decade have led to the increased spending by the application industry globally to improve the properties of LCDA as bio based product. This, in turn, has led to increased spending by the LCDA manufacturers in the region on improving the LCDA quality and grade, which is likely to drive the demand for the product over the forecast period.
Positive outlook towards the powder coatings application in U.S, Germany, UK and China owing to government policies to open opportunities for investments by foreign players, to improve the economic conditions, is expected to drive the industry subsequently.
The global industry is fragmented in nature owing to the presence of numerous manufacturers with a global as well as regional presence. Cathay Industrial Biotech Ltd., Shandong Hilead Biotechnology Co., Ltd, Invista B.V, Zibo Guangtong Chemical Co., Ltd., and Evonik Industries AG. These companies manufacture long chain dicarboxylic acid catering to different applications such as nylon & other polyamides, powder coatings, lubricants, adhesives, pharmaceuticals, corrosion inhibitors, and others.
In-depth report on global long chain dicarboxylic acid market by Grand View Research:
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
Speak to the report author to design an exclusive study to serve your research needs.
A testimonial for service excellence represented in the form of BBB "A" Accreditation.
Your personal and confidential information is safe and secure.