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Global Long Chain Dicarboxylic Acid Market 2017-2021

Global Long Chain Dicarboxylic Acid Market 2017-2021

About Long Chain Dicarboxylic Acid

Long chain dicarboxylic acid (LCDA) is an organic compound, which is derived from animal fats and vegetable oils. LCDA with carbon chain containing more than 10 carbon atoms has been considered in this market. These LCDAs can be saturated or unsaturated carboxylic acids. LCDAs are abundant in nature and are very important, since they have wide applications in the polymer, lubricants, powder coatings, and pharma industries.

Technavio’s analysts forecast the global long chain dicarboxylic acid market to grow at a CAGR of 7.15% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global long chain dicarboxylic acid market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Long Chain Dicarboxylic Acid Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Cathay Industrial Biotech
  • Evonik Industries
  • Henan Junheng Industrial Group Biotechnology
  • Shandong Hilead Biotechnology
  • Zibo Guangtong Chemical
Other prominent vendors
  • Aecochem Products
  • BASF
  • Elevance Renewable Sciences
  • Hangzhou Dayangchem
  • Nantong Senos Biotechnology
  • TCI AMERICA
  • Toronto Research Chemicals
  • UBE INDUSTRIES
  • Unisource Chemicals
Market driver
  • Rising demand from APAC
  • For a full, detailed list, view our report
Market challenge
  • High cost
  • For a full, detailed list, view our report
Market trend
  • Growing demand for LCDA as bio-solvents
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Long Chain Dicarboxylic Acid Market 2017-2021

Technavio recognizes the following companies as the key players in the global long chain dicarboxylic acid market: Cathay Industrial Biotech, Evonik Industries, Henan Junheng Industrial Group Biotechnology, Shandong Hilead Biotechnology, and Zibo Guangtong Chemical.

Other Prominent Vendors in the market are: Aecochem Products, BASF, Elevance Renewable Sciences, Hangzhou Dayangchem, Nantong Senos Biotechnology, TCI AMERICA, Toronto Research Chemicals, UBE INDUSTRIES, and Unisource Chemicals.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing demand for LCDA as bio-solvents. The demand for LCDAs is growing mainly because they are biodegradable. The applications of LCDA have low environmental impacts. For example, LCDA is used in solvents, and can replace volatile organic solvents in the production of paint strippers, inks, coatings, agricultural chemicals, and adhesives.”

According to the report, one driver in the market is rising demand from APAC. APAC had been the major region for the growth of the global LCDA market due to the presence of a large number of end-user industries such as polymer, construction, chemical, automotive, and pharmaceuticals. Moreover, the presence of a large number of LCDA manufacturers in China, including Cathay Industrial Biotech, Henan Junheng Industrial Group Biotechnology, Shandong Hilead Biotechnology, and Zibo Guantong Chemical, contributes significantly to the growth of the global LCDA market.

Further, the report states that one challenge in the market is high cost. Over the coming years, the global market's growth will be restricted mainly due to the high manufacturing cost of LCDA. The high cost of manufacturing can be attributed to the need for skilled labor and raw materials, which are not available globally. Moreover, the biochemical process for the manufacture of LCDA is time-consuming. For instance, the fermentation process takes 2-5 days to produce the desired dicarboxylic acid with more than 10 number of carbon atoms, which is time-consuming and additionally requires skilled labor and expertise. These factors increase the production cost.

Companies Mentioned

Cathay Industrial Biotech, Evonik Industries, Henan Junheng Industrial Group Biotechnology, Shandong Hilead Biotechnology, Zibo Guangtong Chemical, Aecochem Products, BASF, Elevance Renewable Sciences, Hangzhou Dayangchem, Nantong Senos Biotechnology, TCI AMERICA, Toronto Research Chemicals, UBE INDUSTRIES, and Unisource Chemicals.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Global LCDA market
      • Table Global LCDA market 2016 and 2021 ($ millions)
      • Table Global LCDA market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global LCDA market by application
      • Table Global LCDA market by application 2016 (% share of revenue)
      • Table Global LCDA market by application 2021 (% share of revenue)
    • Global LCDA market for nylon and polyamide applications
      • Table Global LCDA market for nylon and polyamide applications 2016 and 2021 ($millions)
      • Table Global LCDA market for nylon and polyamide applications 2016-2021
    • Global LCDA market for lubricant applications
      • Table Global LCDA market for lubricant applications 2016 and 2021 ($ millions)
      • Table Global LCDA market for lubricant applications 2016-2021
    • Global LCDA market for powder coating applications
      • Table Global LCDA market for powder coating applications 2016 and 2021 ($ millions)
      • Table Global LCDA market for powder coating applications 2016-2021
    • Global LCDA market for corrosion inhibitor applications
      • Table Global LCDA market for corrosion inhibitor applications 2016 and 2021 ($ millions)
      • Table Global LCDA market for corrosion inhibitor applications 2016-2021
    • Global LCDA market for other applications
      • Table Global LCDA market for other applications 2016 and 2021 ($ millions)
      • Table Global LCDA market for other applications 2016-2021
  • Geographical segmentation
    • Global LCDA market by geography
      • Table Global LCDA market by geography 2016 (% share of revenue)
      • Table Global LCDA market by geography 2021 (% share of revenue)
    • LCDA market in APAC
      • Table LCDA market in APAC 2016 and 2021 ($ millions)
      • Table LCDA market in APAC 2016-2021
    • LCDA market in Americas
      • Table LCDA market in Americas 2016 and 2021 ($ millions)
      • Table LCDA market in Americas 2016-2021
    • LCDA market in EMEA
      • Table LCDA market in EMEA 2016 and 2021 ($ millions)
      • Table LCDA market in EMEA 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Growing demand for LCDA as bio-solvents
    • Rising government support for the use of ecofriendly products
    • Increasing use in powder coating applications
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Cathay Industrial Biotech
      • Table Cathay Industrial Biotech: Business segmentation by products 2016
    • Evonik Industries
      • Table Evonik Industries: Business segmentation by revenue 2016
      • Table Evonik Industries: Geographical segmentation by revenue 2016
    • Henan Junheng Industrial Group Biotechnology
      • Table Henan Junheng Industrial Group Biotechnology: Business segmentation byproducts 2016
    • Shandong Hilead Biotechnology
      • Table Shandong Hilead Biotechnology: Business segmentation by products 2016
    • Zibo Guangtong Chemical
      • Table Zibo Guangtong Chemical: Business segmentation by products 2016
      • Table Zibo Guangtong Chemical: Specification of the product produced by the company
  • Appendix
    • List of abbreviations
  • Explore Technavio

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