The global long chain dicarboxylic acid market size reached US$ 238.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 347.4 Million by 2028, exhibiting a growth rate (CAGR) of 6.3% during 2023-2028. The growing demand for high performance polymers in various industries, rising adoption of cosmetics and personal care products, and innovations in drug delivery systems in the pharmaceutical sector are some of the major factors propelling the market.
|Market Size in 2022
||US$ 238.1 Million
|Market Forecast in 2028
||US$ 347.4 Million
|Market Growth Rate (2023-2028)
A long-chain dicarboxylic acid (LCDA) is a type of organic compound that has the presence of two carboxyl functional groups on an extended hydrocarbon chain. It has unique chemical properties and varying chain lengths. It serves as an essential building block in the production of high-performance polymers, such as nylon and polyester. It can enhance material properties, improve drug delivery systems, and contribute to the formulation of a wide range of products. As a result, LCDA is widely employed in the cosmetics, coating and adhesives, lubricants, and pharmaceutical industries across the globe.
At present, the rising demand for acid that enhances the viscosity and lubricity of lubricating oils and helps in improving the efficiency and longevity of lubrication systems is bolstering the growth of the market. Besides this, the increasing employment of LCDAs in the formulation of powder coatings and adhesives to improve the durability, adhesion, and corrosion resistance of coatings and the bonding properties of adhesives is strengthening the growth of the market. In line with this, the growing demand for skin and hair care products among individuals around the world is offering a positive market outlook. Apart from this, the increasing preference for sustainable and bio-based materials is offering lucrative growth opportunities to industry investors. In addition, key players are introducing enhanced LCDAs that meet regulatory requirements, which is supporting the growth of the market.
Long Chain Dicarboxylic Acid Market Trends/Drivers:
Rising demand for high performance polymers
The rising demand for high-performance polymers in various industries, such as automotive, electronics, and packaging, is contributing to the growth of the market, as these acids play a vital role as key raw materials in the synthesis of specialty polymers, such as nylon and polyester. There is an increase in the adoption of high-performance polymers for components in several applications. In addition, these polymers have exceptional mechanical and thermal properties, which make them ideal for various applications as compared to traditional polymers. Apart from this, LCDA provides the necessary building blocks for these polymers and enables manufacturers to create materials that withstand extreme conditions and provide enhanced product performance and longevity.
Increasing adoption of various cosmetics and personal care products
The rising adoption of LCDA in various cosmetics and personal care products is supporting the growth of the market. These acids have soothing properties, which assist in moisturizing and improving the texture of skin and hair care products. In line with this, they can enhance the sensory experience of products while delivering beneficial effects that cater to consumer needs. Besides this, the increasing consumer preferences for effective and appealing personal care items are offering a positive market outlook. Consumers are increasingly becoming aware of ingredients in product quality. Furthermore, LCDA in formulations adds value to products and meets the high-quality standards of cosmetic products.
Innovations in drug delivery systems
The rising demand for LCDA in the pharmaceutical industry to improve drug delivery systems is strengthening the growth of the market. These acids are employed to enhance the solubility and stability of active pharmaceutical ingredients (APIs) for more effective drug formulations. In line with this, these acids help to optimize drug release profiles, increased bioavailability, and target delivery by modifying the physical and chemical properties of APIs. They also enable the creation of more effective medications with controlled release profiles that ensure precise dosing and improved patient outcomes. Apart from this, the increasing development of efficient and patient-friendly treatment options is supporting the growth of the market.
Long Chain Dicarboxylic Acid Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global long chain dicarboxylic acid market report, along with forecasts at the global, regional, and country levels for 2023-2028. Our report has categorized the market based on application.
Breakup by Application:
- Nylon and Other Polyamides
- Powder Coatings
- Corrosion Inhibitors
Nylon and other polyamides represents the largest market segment
The report has provided a detailed breakup and analysis of the market based on the application. This includes nylon and other polyamides, powder coatings, lubricants, adhesives, pharmaceuticals, corrosion inhibitors, and others. According to the report, nylon and other polyamides represented the largest segment as LCDA is widely utilized for the production of nylon and other polyamides. It serves as an essential building block for manufacturing high-performance polymers and enables the creation of durable materials with applications in textiles, automotive parts, and industrial components.
Moreover, LCDA is utilized in the formulation of powder coatings to provide enhanced durability, resistance to corrosion, and improved aesthetics. The usage of these acids in powder coatings contributes to their ability to adhere to surfaces effectively and withstand environmental conditions.
Besides this, LCDA is used to produce lubricants and enhance the viscosity and lubricity of lubricating oils. Apart from this, it assists in improving the performance of machinery and industrial equipment. In addition, the rising adoption of these acids to enhance the overall efficiency and longevity of lubrication systems is contributing to the growth of the market.
In addition, the rising demand for LCDA in the formulation of adhesives for enhanced bond strength, flexibility, and durability is strengthening the growth of the market. These acids also play a vital role in creating adhesives that can withstand varying environmental conditions and adhere to different substrates effectively.
Furthermore, LCDAs are increasingly utilized in the pharmaceutical sector to enhance drug delivery systems by improving the solubility, stability, and bioavailability of active pharmaceutical ingredients. In line with this, these acids assist in the development of advanced pharmaceutical formulations for more effective and targeted treatments.
Breakup by Region:
- North America
- United Kingdom
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
Asia Pacific exhibits a clear dominance, accounting for the largest long chain dicarboxylic acid market share
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.
Asia Pacific held the biggest market share due to the increasing demand for high-performance polymers. In line with this, the growing adoption of LCDA due to the thriving manufacturing sector is offering a positive market outlook in the Asia Pacific region. Apart from this, the increasing demand for bio-based materials that are derived from renewable sources is contributing to the growth of the market. In addition, the presence of major players in the chemical sector is supporting the growth of the market in the region.
North America is estimated to expand further in this domain during the forecast period on account of the increasing focus on sustainability and environmental regulations. In addition, the rising consumer preferences for high-quality products is impelling the growth of the market.
Key players in the industry are investing in research and development (R&D) activities to explore new applications, optimize production processes, and improve the properties of LCDA to meet evolving industry demands and regulatory requirements. Apart from this, many companies are expanding their production capacities by investing in manufacturing facilities, technologies, and infrastructure to ensure a consistent and reliable supply of LCDA to various industries. In line with this, major manufacturers are increasingly focusing on sustainable practices. This includes exploring greener production methods by utilizing renewable feedstock and reducing the environmental impact of their operations. Furthermore, they are developing a broader range of LCDA derivatives to cater to specific industry needs.
The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:
- Capot Chemical Co. Ltd.
- Cathay Biotech Inc.
- Corvay Gmbh
- Henan Junheng Industrial Group Biotechnology Co. Ltd.
- Shandong Guangtong New Materials Co. Ltd
Long Chain Dicarboxylic Acid Market Report Scope:
|Base Year of the Analysis
| Historical Period
|Scope of the Report
||Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
||Nylon and Other Polyamides, Powder Coatings, Lubricants, Adhesives, Pharmaceuticals, Corrosion Inhibitors, Others
||Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Capot Chemical Co. Ltd., Cathay Biotech Inc., Corvay Gmbh, Henan Junheng Industrial Group Biotechnology Co. Ltd., Shandong Guangtong New Materials Co. Ltd., etc.
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Key Questions Answered in This Report:
- How has the global long chain dicarboxylic acid market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global long chain dicarboxylic acid market?
- What is the impact of each driver, restraint, and opportunity on the global long chain dicarboxylic acid market?
- What are the key regional markets?
- Which countries represent the most attractive long chain dicarboxylic acid market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the long chain dicarboxylic acid market?
- What is the competitive structure of the global long chain dicarboxylic acid market?
- Who are the key players/companies in the global long chain dicarboxylic acid market?
Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the long chain dicarboxylic acid market from 2017-2028.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the global long chain dicarboxylic acid market.
- The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the long chain dicarboxylic acid industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.