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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Long Chain Diacids Market size was valued at US$ 1,297.3 million in 2023 and is poised to grow at a CAGR of 6.0% from 2024-2030. Growth of end-use industries which consumes long-chain dibasic acids drives the market. Long-chain dibasic acid is widely recognized as the primary raw material for various applications in a variety of end-use industries, including adhesives, coatings, personal care & cosmetics, and others. The growing application of long-chain dibasic acid in end-use industries is expected to drive the market's growth in the coming forecast period. The coatings industry has been gaining traction over the last couple of decades due to increasing construction industry demand. Growing demand from the personal care & cosmetics segment is also anticipated to propel the market growth of the long-chain dibasic acid market in the coming forecast period. Increased use of nylon and other polyamides, lubricants, pharmaceuticals, powder coatings, corrosion inhibitors, and adhesives in end industries such as automotive and building is expected to drive industry growth over the next nine years.
Since the last few years, key players in the long-chain dibasic acid market have been focusing on increasing their production capacities in existing plants or establishing new projects to capture the regional market of the long-chain dibasic acid market in regions where demand has risen, allowing for higher production capacities to meet global as well as regional demand. In 2021, the C10 product segment accounted for a larger revenue share and was projected to grow with a CAGR of 6.1% from 2022 to 2028 to reach US$ 815.2 Mn by 2028. The significant rise in demand for eco-friendly chemicals across the globe and rising demand for high-performance chemicals from the end-use industries support the market growth.
Study Period
2024-2030Base Year
2023CAGR
6%Largest Market
Asia-PacificFastest Growing Market
Europe
The global long-chain diacids market has been propelled by increasing performance for an environmentally friendly alternative. The applications of LCDA have low environmental impacts as they are biodegradable. This is expected to fuel its adoption rate in solvents. The growing demand for LCDA as bio-solvents is one of the key drivers in the global market. This, in turn, motivates manufacturers to replace volatile organic solvents during the production of paint strippers, inks, coatings, agricultural chemicals, and adhesives. Fluctuation in raw material prices relatively slow economic growth in significant economics could hinder the global industry.
Europe accounted for a considerable revenue share in the global long-chain dibasic acid market, owing to the rising demand for high-performance polyamide, adhesives, and other eco-friendly chemicals in the region. Also, stringent government regulation and industrial initiatives for sustainable development support the market's growth in the area.
Asia Pacific is expected to undergo significant market growth in the coming years because of the region's growing manufacturing sectors and rising demand for high-performance chemicals.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 1,297.3 million |
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Market CAGR |
6% |
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By Product Type |
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By Region |
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The long chain diacids Market size was valued at US$ 1,297.3 million in 2023 and is poised to grow at a CAGR of 6.0% from 2024-2030.
Increasing Demand from Powder Coatings Segment
Europe is the fastest-growing for the market
| 1. Executive Summary |
| 2. Global Long Chain Diacids Market Introduction |
| 2.1.Global Long Chain Diacids Market - Taxonomy |
| 2.2.Global Long Chain Diacids Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Region |
| 3. Global Long Chain Diacids Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Long Chain Diacids Market Analysis, 2019-2023 and Forecast 2024-2030 |
| 4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Long Chain Diacids Market By Product Type, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 5.1. C9 |
| 5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. C10 |
| 5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. C11 |
| 5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. C12 |
| 5.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. C14 |
| 5.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. C16 |
| 5.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. C18 |
| 5.7.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 6. Global Long Chain Diacids Market By Region, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 6.1. North America |
| 6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Europe |
| 6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Asia Pacific (APAC) |
| 6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Middle East and Africa (MEA) |
| 6.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Latin America |
| 6.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7. North America Long Chain Diacids Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 7.1. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 7.1.1.C9 |
| 7.1.2.C10 |
| 7.1.3.C11 |
| 7.1.4.C12 |
| 7.1.5.C14 |
| 7.1.6.C16 |
| 7.1.7.C18 |
| 7.2. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 7.2.1.United States of America (USA) |
| 7.2.2.Canada |
| 8. Europe Long Chain Diacids Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 8.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.C9 |
| 8.1.2.C10 |
| 8.1.3.C11 |
| 8.1.4.C12 |
| 8.1.5.C14 |
| 8.1.6.C16 |
| 8.1.7.C18 |
| 8.2. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Germany |
| 8.2.2.France |
| 8.2.3.Italy |
| 8.2.4.United Kingdom (UK) |
| 8.2.5.Spain |
| 8.2.6.Rest of EU |
| 9. Asia Pacific (APAC) Long Chain Diacids Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 9.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.C9 |
| 9.1.2.C10 |
| 9.1.3.C11 |
| 9.1.4.C12 |
| 9.1.5.C14 |
| 9.1.6.C16 |
| 9.1.7.C18 |
| 9.2. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.China |
| 9.2.2.India |
| 9.2.3.Australia and New Zealand (ANZ) |
| 9.2.4.Japan |
| 9.2.5.Rest of APAC |
| 10. Middle East and Africa (MEA) Long Chain Diacids Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.C9 |
| 10.1.2.C10 |
| 10.1.3.C11 |
| 10.1.4.C12 |
| 10.1.5.C14 |
| 10.1.6.C16 |
| 10.1.7.C18 |
| 10.2. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.GCC Countries |
| 10.2.2.South Africa |
| 10.2.3.Rest of MEA |
| 11. Latin America Long Chain Diacids Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.C9 |
| 11.1.2.C10 |
| 11.1.3.C11 |
| 11.1.4.C12 |
| 11.1.5.C14 |
| 11.1.6.C16 |
| 11.1.7.C18 |
| 11.2. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Brazil |
| 11.2.2.Mexico |
| 11.2.3.Rest of LA |
| 12. Competition Landscape |
| 12.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 12.2.1.Henan Junheng Industrial Group Biotechnology Co., Ltd. |
| 12.2.2.Shandong Guangtong New Materials Co., Ltd. |
| 12.2.3.AECOCHEM |
| 12.2.4.Cathay Industrial Biotech |
| 12.2.5.Palmary Chemical |
| 12.2.6.Evonik |
| 13. Research Methodology |
| 14. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.