The global neodecanoic-acid market is anticipated to grow at a significant CAGR of 2.7% during the forecast period (2022-2028). Neodecanoic acid is a carboxylic acid that has been fused with a lengthy, highly branched alkyl chemical structure. Neodecanoic acid is soluble in water and will not harm fish or other aquatic organisms if accidentally discharged into the environment, however, its rate of biodegradation is sluggish. Neodecanoic acid is a chemical intermediate that is used to make various chemical compounds that are used in industry. For instance, neodecanoic acid ester derivatives are utilized in surface coatings and cement additives.
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Its metal salts are utilized in a variety of applications, including PVC stabilizers, paint driers, and polymerization initiators. Moreover, its amine salts are used in the metalworking industry. Polymers, resins, coatings, metal-working fluids, adhesion promoters, metal-extraction, lubricants, hydraulic fluids, fuels, and electrical & electronic applications are just a few of the major uses for neodecanoic acid. The demand for neodecanoic acid has been spurred by the increased use of agrochemicals in emerging countries. Furthermore, sales of neodecanoic acids are bolstered by strong development in the construction and automotive industries, owing to their use in paints and coatings.
Scope of the Neodecanoic-Acid Report
The research study analyzes the Neodecanoic-Acid industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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Neodecanoic-Acid Market Segmentation:
By Application
- Radial Tyre Adhesive
- Terebine
- Metal Extracting Agent
- Lubricant
- Polymer Peroxide Initiator
Mentioned below are the prime players taken into account in this research report:
- Mehk Chemicals Pvt. Ltd.
- Hangzhou Right Chemical Co., Ltd.
- PubChem
- Hexion Holdings Corp.
- Shell
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Neodecanoic-Acid Market Report
- What was the Neodecanoic-Acid Market size in 2021 and 2027; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Neodecanoic-Acid Market during the forecast period (2022-2028)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
- Which manufacturer/vendor/players in the Neodecanoic-Acid Market was the market leader in 2020?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Neodecanoic-Acid market.
- The market share of the Neodecanoic-Acid market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Neodecanoic-Acid market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Neodecanoic-Acid market.
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