17-Jun-2020 | Facts and Factors
Findings from Facts and Factors report “Neodecanoic Acid Market By Type (Neodecanoic acid (Versatics Acid C10), and Pivalic acid (Versatics acid C5)) and By Application (Adhesives, Chemical, and Intermediates, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Neodecanoic Acid market in 2019 was approximately USD 903 Million. The market is expected to grow at a CAGR of 4.3% and is anticipated to reach around USD 1220 Million by 2026.
Neodecanoic acid is the fusion of carboxylic acid with a long and highly branched alkyl chemical structure. Neodecanoic Acid is soluble in water and, by chance it gets released to the environment, this acid will not toxify to fish or other aquatic organisms. The biodegradability of this acid occurs at a slow rate. Neodecanoic Acid is used as an intermediate to produce other chemical products which are used in industrial applications. For instance, Ester derivatives of Neodecanoic Acid are used in surface coating and cement additives. Metal salts of it are used in various applications including PVC stabilizers, paint driers, and polymerization initiators, amines salts are used in the metalworking industry. Neodecanoic acid is used in a number of applications, including polymers, resins and coatings, metal-working fluids, adhesion promoters, metal-extraction, lubricants, hydraulic fluids, fuels, and electrical & electronic applications.
Browse the full “Neodecanoic Acid Market By Type (Neodecanoic acid (Versatics Acid C10), and Pivalic acid (Versatics acid C5)) and By Application (Adhesives, Chemical, and Intermediates, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/neodecanoic-acid-market-by-type-neodecanoic-acid-versatics-1212
Aesthetics, production flexibility, and environmental impact are the few criteria that are encouraging invention in manufacturing technologies of neodecanoic acid. Additionally, the rise in the adoption of agrochemicals among developing countries has fueled the demand for neodecanoic acid. Moreover, significant growth of the construction and automotive industries are bolstering the sales for neodecanoic acids owing to its application in painting and coatings.
The global neodecanoic acid market is segmented into type, and application. Based on type, the global neodecanoic acid market is bifurcated into neodecanoic acid, and pivalic acid. Furthermore, on the basis of applications, the market has been fragmented into adhesives, and chemical intermediates. Chemical intermediates segment is the leading application segment in neodecanoic acid market owing to greater water repellency, and high chemical resistance.
On the basis of geography, the market for neodecanoic acid is classified into Asia Pacific, North America, Europe, Latin America, Middle East and Africa. Asia Pacific dominated the market for neodecanoic acids owing to rise in industrialization. Rise in number of industries are demanding for paints and coatings and to manufacture these neodecanoic acids are required. Thereby, increasing urbanization in emerging economies such as India, China, and Africa are leading the growth of the industries.
North America and the Europe is the second most prominent regional segment. The regions are further analyzed into major countries in this research report are the U.S., Mexico, Germany, UK, Canada, France, China, Italy, India, South Korea, Japan, Brazil, UAE, Egypt, Kuwait, and South Africa among others.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 903 Million |
Projected Market Size in 2026 |
USD 1220 Million |
CAGR Growth Rate |
4.3% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Strem Chemicals Inc., United States Biological Inc., Hengshui Haoyang Medical Co., Ltd, Shell Chemical LP, Haihang Industry Co., Ltd., Hangzhou J & H Chemical Co., Ltd., Xiamen Hisunny Chemical Co., LTD, Hangzhou Dayangchem Co. Limited, Jinan Boss Chemical Industry Co., Ltd, Vizag Chemicals, Pon Pure Chemicals, Mehk Chemicals Private Limited, Hexion, Hubei Phoenix Chemical Company Ltd., and Exxon Mobil Corporation, and Others |
Key Segment |
By Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the leading players in the global market include
Strem Chemicals Inc., United States Biological Inc., Hengshui Haoyang Medical Co., Ltd, Shell Chemical LP, Haihang Industry Co., Ltd., Hangzhou J & H Chemical Co., Ltd., Xiamen Hisunny Chemical Co., LTD, Hangzhou Dayangchem Co. Limited, Jinan Boss Chemical Industry Co., Ltd, Vizag Chemicals, Pon Pure Chemicals, Mehk Chemicals Private Limited, Hexion, Hubei Phoenix Chemical Company Ltd., and Exxon Mobil Corporation amongst others.
This report segments the Neodecanoic Acid market as follows:
By Type Segmentation Analysis
- Neodecanoic acid (Versatics Acid C10)
- Pivalic acid (Versatics acid C5)
By Application Segmentation Analysis
- Adhesives
- Chemical Intermediates
- Others
By Regional Segmentation Analysis
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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