What is Global Biobased Long Chain Dicarboxylic Acid Market?
The Global Biobased Long Chain Dicarboxylic Acid Market is a specialized sector within the larger chemical industry. It focuses on the production and distribution of long chain dicarboxylic acids derived from biological sources, as opposed to traditional petroleum-based sources. These acids are a type of organic compound that contain two carboxyl groups (-COOH) at the end of a long carbon chain. They are used in a variety of applications, including the production of polyamides, lubricants, adhesives, and pharmaceuticals. The market for these biobased acids is growing due to increasing environmental concerns and the push for more sustainable and renewable sources of chemicals. However, the market is also faced with challenges such as high production costs and competition from petroleum-based products. Despite these challenges, the market is expected to continue growing due to advancements in biotechnology and increasing demand for sustainable products.
Undecanedioic Acid, Dodecanedioic Acid, Tridecanedioic Acid, Tetradecanedioic Acid, Pentadecanedioic Acid, Others in the Global Biobased Long Chain Dicarboxylic Acid Market:
The Global Biobased Long Chain Dicarboxylic Acid Market is segmented based on the type of acid, including Undecanedioic Acid, Dodecanedioic Acid, Tridecanedioic Acid, Tetradecanedioic Acid, Pentadecanedioic Acid, and others. Each of these acids has unique properties and uses. For example, Undecanedioic Acid is used in the production of polyamides and nylon, while Dodecanedioic Acid is used in lubricants. Tridecanedioic Acid is used in adhesives, and Tetradecanedioic Acid is used in pharmaceuticals. Pentadecanedioic Acid and other types of long chain dicarboxylic acids are used in a variety of other applications. The market for each of these acids is influenced by factors such as demand, production costs, and competition from other products.
Polyamides and Nylon, Lubricants, Adhesives, Pharmaceutical, Others in the Global Biobased Long Chain Dicarboxylic Acid Market:
The Global Biobased Long Chain Dicarboxylic Acid Market is used in a variety of applications, including the production of Polyamides and Nylon, Lubricants, Adhesives, Pharmaceutical, and others. Polyamides and nylon are types of polymers that are used in a variety of products, including textiles, plastics, and coatings. Lubricants are substances that are used to reduce friction between surfaces, and they are used in a variety of applications, including automotive, industrial, and personal care. Adhesives are substances that are used to bond materials together, and they are used in a variety of industries, including construction, automotive, and packaging. Pharmaceutical applications include the production of drugs and other medical products. Other applications include the production of coatings, plastics, and other chemical products.
Global Biobased Long Chain Dicarboxylic Acid Market Outlook:
In 2022, the Global Biobased Long Chain Dicarboxylic Acid Market was valued at US$ 152 million. This value is expected to increase to US$ 227.1 million by 2029, representing a compound annual growth rate (CAGR) of 5.9% during the forecast period from 2023 to 2029. This growth is expected to be driven by a variety of factors, including increasing environmental concerns, advancements in biotechnology, and increasing demand for sustainable and renewable sources of chemicals. However, the market is also faced with challenges such as high production costs and competition from petroleum-based products. Despite these challenges, the market is expected to continue growing due to the increasing demand for biobased long chain dicarboxylic acids in a variety of applications.
| Report Metric | Details |
| Report Name | Biobased Long Chain Dicarboxylic Acid Market |
| Accounted market size in 2022 | US$ 152 million |
| Forecasted market size in 2029 | US$ 227.1 million |
| CAGR | 5.9% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Cathay Industrial Biotech, Evonik Industries, UBE Industries, Invista, Palmary Chemical, Henan Junheng Industrial Group, Shandong Guangtong New Materials, Ningxia Hengli Biochemical Co., Ltd. |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
