Market Size of Long-chain Dicarboxylic Acid Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 7.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Long Chain Dicarboxylic Acid Market Analysis
The long-chain dicarboxylic acid market is expected to register a CAGR of over 7% during the forecast period. Major factors driving the market studied are increasing demand from the powder coatings segment and growing demand from the nylon and other polyamides segment. However, high product cost and unfavorable conditions arising due to the COVID-19 outbreak are the major factors hindering the growth of the market.
- The growing application of long-chain dicarboxylic acid in adhesives and lubricants is expected to offer various lucrative opportunities for the growth of the market.
- By application, the nylon and other polyamides segment is expected to dominate the market, owing to its increasing usage in various end-user industries, such as packaging, electronic components, automotive, and building and construction.
- Asia-Pacific dominated the market across the world, with the largest consumption from China and India.
