Rising product use as LCDA applications such as nylon & other polyamide, powder coatings and lubricants will augment market growth over the next nine years.
The Global Long Chain Dicarboxylic Acid Market is expected to reach USD 300.3 million by 2025, according to a new report by Grand View Research, Inc.
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.
To Know More About Long Chain Dicarboxylic Acid Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/long-chain-dicarboxylic-acid-market
Top Players of Long Chain Dicarboxylic Acid Market:
Key participants include Cathay Industrial Biotech Ltd., Shandong Hilead Biotechnology Co., Ltd, Invista B.V, Zibo Guangtong Chemical Co., Ltd., and Evonik Industries AG.
Market Segmentation of Long Chain Dicarboxylic Acid Market:
The Global Long Chain Dicarboxylic Acid (LCDA) Market segmented on the basis of Application and Region.
By Application:
Nylon & Other Polyamides
Powder Coatings
Lubricants
Adhesives
Pharmaceuticals
Corrosion Inhibitors
By Region:
North America
Europe
Asia Pacific
Latin America
MEA
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