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Neodecanoic Acid Market Size, Share Global Analysis Report, 2020–2026
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 Forecast 2020–2026
Industry Insights
[189+ Pages Report] According to the report published by Facts Factors, the global neodecanoic acid market size was worth around USD 903 million in 2019 and is predicted to grow to around USD 1220 million by 2026 with a compound annual growth rate (CAGR) of roughly 4.3% between 2023 and 2030. The report analyzes the global neodecanoic acid market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the neodecanoic acid market.
The neodecanoic acid market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Neodecanoic Acid market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Units) and value (USD Million) from FY 2016 – 2026.
Key Insights from Primary Research
- As per our primary respondents, the global neodecanoic acid market is set to grow annually at a rate of around 4.3%
- It was established through primary research that the neodecanoic acid market was valued at around USD 903 Million in 2019
- Asia Pacific is presently holding the largest revenue share among all the regions and is further expected to maintain its position throughout the forecast period
- On basis of product segment, neodecanoic acid (Versatics Acid C10) dominated the global neodecanoic acid market in 2019
- Based on various applications, the global neodecanoic acid market was led by chemical intermediates in 2019.
Key Recommendations from Analysts
- As per our analysts, the global neodecanoic acid market is expected to grow significantly over the forecast period.
- The strategic and competitive advantage provided by the neodecanoic acid (Versatics Acid C10) is anticipated to be the key factor driving this market globally owing to its use in metal extraction or as lubricity additive in diesel.
- As per analysts, growing developments in emerging countries will support the growth in upcoming years as neodecanoic acid is widely used in painting and coatings.
- Our team of analysts has identified, rise in automotive industry will offer potential opportunities for the players operating in this market
- In future years ahead, Asia Pacific is expected to be the fastest growing market for neodecanoic acid during the years to come.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Neodecanoic Acid industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Neodecanoic Acid industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Neodecanoic Acid market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Neodecanoic Acid industry. The Neodecanoic Acid market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Neodecanoic Acid sector. Key strategic developments in the Neodecanoic Acid market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Neodecanoic Acid market are appropriately highlighted in the report.
Neodecanoic acids are widely used in industrial applications. Therefore, the growing construction and automotive domains had bolstered the sales of neodecanoic acid in recent years. Moreover, neodecanoic acid is used in several applications, including polymers, adhesion promoters, metal-working fluids, resins and coatings, hydraulic fluids, fuels, lubricants, metal-extraction, and electrical applications. This wide range of applications of neodecanoic acid is anticipated to proliferate the market growth of neodecanoic acid over the analysis period.
In addition, the derivatives of neo acids are glycidyl and vinyl esters. The vinyl esters, manufactured by Shell, are used primarily in coatings, but also in adhesives, cosmetics, construction, and in several miscellaneous areas. These glycidyl esters are manufactured by both Exxon and Shell and are used as intermediates for the production of acrylics and alkyds. Hence certain factors are supporting the growth of the global neodecanoic acid market in recent years.
The Neodecanoic Acid market research report delivers an acute valuation and taxonomy of the Neodecanoic Acid industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
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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The regional segmentation of the Neodecanoic Acid industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Neodecanoic Acid industry is provided for the leading economies of the world.
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, chemical intermediates, and others.
The key players contributing in the global neodecanoic acid market are
- 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.
- Exxon Mobil Corporation amongst
The taxonomy of the Neodecanoic Acid industry by its scope and segmentation is as follows:
By Type Segmentation Analysis
- Neodecanoic acid (Versatics Acid C10)
- Pivalic acid (Versatics acid C5)
By Application Segmentation Analysis
- Adhesives
- Chemical Intermediates
- Others
Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- 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
Table of Content
Industry Major 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.
- Exxon Mobil Corporation amongst
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