Long Chain Dicarboxylic Acid Market Size, Share, Growth, Trends and Industry Report, 2018 to 2025
The long chain dicarboxylic acid (LCDA) market size was valued at USD 147.8 million in 2015 and is expected to grow at a CAGR of 7.0% over the forecast period on account of its increased usage in nylon & other polyamide and powder coating applications.
(firmenpresse) - The global long chain dicarboxylic acid market size is expected to reach USD 300.3 million by 2025, at a CAGR of 7.0% according to a new report by Grand View Research, Inc. 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 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.
Further key findings from the report suggest:
& acquisitions and plant expansions.
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Unternehmensinformation / Kurzprofil:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888-202-9519
Email: sales(at)grandviewresearch.com
For More Information: www.grandviewresearch.com
Datum: 24.12.2019 - 08:48 Uhr
Sprache: Deutsch
News-ID 1554952
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Date of sending: 24.12.2019
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