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LCDA is produced through the fermentation process using either anaerobic or aerobic digestion. It is an organic acid with a long chain of carboxyl function groups. LCDA is a biobased product. The manufacturing process of LCDA is environmentally compliant. It is employed in various applications in powder coatings, pharmaceuticals, nylon, adhesives, corrosion inhibitors, and lubricants across end-user industries such as building & construction and automotive. LCDA is used as key biobased product for the manufacture of many products. Its environmentally-friendly and thus suitable for compliance with various norms laid down by the EPA and REACH in North America and Europe, respectively. Based on application, the market for LCDA can be segmented into pharmaceuticals, powder coatings, adhesives, corrosion inhibitors, lubricants, nylon & other polyamides, and others.

The market for LCDA is anticipated to expand significantly during the forecast period owing to the increasing usage of LCDA in numerous end-user industries. Powder coatings are used to coat aluminum extrusion frames owing to their durable, attractive, and uniform finish. These frames are further utilized to manufacture windows and door frames used in the building & construction industry. Powder coatings perform multiple functions in industries such as infrastructure, construction equipment, electrical, transportation, furniture, and general metal manufacturing. Hence, growth in the powder coating industry is anticipated to boost the demand for LCDA for the production of powder coatings. LCDA is employed in applications such as pharmaceuticals, adhesives, and corrosion inhibitors. These applications accounted for promising share of the market in 2016. This trend is estimated to continue during the forecast period. Corrosion inhibitors are applied to steel before it is embedded in concrete during construction projects. Corrosion inhibitors protect steel from the alkaline and high moisture environment, thereby improving the durability of the building.

In terms of application, the nylon & other polyamides segment held substantial share of the LCDA market in 2016. This trend is likely to continue during the forecast period. Nylon and other polyamides offer beneficial properties such as heat resistance, durability, and strength. Thus, these are lucrative for usage in end-user industries such as electronic component, packaging, automotive, and building & construction. High performance nylon is used in the manufacture of manifold, as it helps reduce the weight of the system. This lowers production cost and increases fuel efficiency. The nylon & other polyamides segment was followed by the lubricants segment in 2016. Demand for lubricants has been rising in automotive, industrial equipment manufacturing, transportation, and various other end-user industries. Lubricants are used to maintain thermal stability, reduce friction, and offer high load carrying capacity to the equipment. These factors augment the lubricants segment. This, in turn, is projected to boost the demand for LCDA during the forecast period. High cost of LCDA is the restraining factor of the LCDA market. The cost of LCDA is dependent on the prices of raw materials required for its production. Significant investment required in research and development activities is also a major factor responsible for the high price of LCDA.

In terms of geography, Asia Pacific constituted significant share of the LCDA market in 2016. The market in the region is expected to witness strong growth during the forecast period due to the easy availability of low-cost work force and raw materials. Expansion in the building
& construction industry in emerging economies of Asia Pacific such as India, China, and Singapore is a key factor propelling the LCDA market in the region.

Key players operating in the market for LCDA are Cathay Industrial Biotech Ltd., Invista B.V., Shandong Hilead Biotechnology Co., Ltd., Zibo Guangtong Chemical Co., Ltd., and Evonik Industries AG.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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