1,4-Cyclohexanedicarboxylic acid (CHDA) is an important intermediate in the production of engineering plastics, pharmaceutical chemicals, coatings, and polyester polyols. The global demand for CHDA is driven by its diverse range of applications, including in high-performance engineering plastics and as an intermediate for polyurethanes and pharmaceutical products. With ongoing advancements in material science and a shift towards high-performance materials, the CHDA market is expected to experience steady growth in the coming years.
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Market Size
The global 1,4-Cyclohexanedicarboxylic acid (CHDA) market is anticipated to grow at a steady pace during the forecast period. The market is projected to grow at a compound annual growth rate (CAGR) of 4.0% to 5.0%, driven by rising demand in various applications, particularly in engineering plastics and pharmaceutical intermediates. The increasing use of high-performance plastics in automotive and electronics, coupled with the growing pharmaceutical sector, will be key drivers of market expansion.Market Share & Trends Analysis
By Application
The demand for CHDA is spread across multiple applications, including engineering plastics, pharmaceuticals, coatings, and polyester polyols. Estimated growth rates for each application are as follows:- Engineering Plastics: CHDA is extensively used in the production of engineering plastics such as nylon-66 and other polyamide-based products, which are utilized in automotive, electronics, and industrial applications. The engineering plastics segment is expected to grow at a CAGR of 5.0% to 6.0%, driven by the increasing demand for lightweight, durable materials in the automotive and electronics industries.
- Pharmaceutical Intermediates: The pharmaceutical industry utilizes CHDA in the synthesis of various drugs and chemicals. The demand for CHDA in this sector is expected to grow at a CAGR of 4.5% to 5.5%, supported by increasing investments in drug manufacturing and the expanding pharmaceutical sector, particularly in emerging markets.
- Coating Resins: CHDA is also used in the production of coating resins for applications in paints, coatings, and adhesives. This segment is projected to grow at a CAGR of 4.0% to 5.0%, driven by demand from the construction and automotive industries for high-performance coatings and adhesives.
- Polyester Polyols: As a key ingredient in the production of polyester polyols for polyurethanes, CHDA is experiencing steady demand in the automotive, furniture, and construction sectors. The growth rate for this application is expected to be 3.5% to 4.5%, supported by the increasing use of polyurethane in various industries.
- Others: CHDA is also used in other niche applications such as surfactants, lubricants, and agrochemicals. This segment is expected to see modest growth, with a CAGR of 3.0% to 4.0%.
By Key Players
Several major players are dominating the global 1,4-Cyclohexanedicarboxylic acid (CHDA) market. The key players include:- Eastman: As one of the leading global chemical companies, Eastman is a key producer of CHDA, with a strong presence in the automotive, electronics, and coatings industries.
- SK Chemicals: A prominent player in the chemical manufacturing sector, SK Chemicals produces CHDA for use in engineering plastics and various other applications.
- Nikko Rica: Specializing in specialty chemicals, Nikko Rica plays a significant role in the global CHDA market, particularly in the pharmaceutical and coatings sectors.
- Kellin Chemicals: Kellin Chemicals is a leading supplier of CHDA for use in the production of high-performance polymers and pharmaceutical intermediates.
By Region
The global 1,4-Cyclohexanedicarboxylic acid (CHDA) market is expected to see varying growth trends across different regions. Regional insights are as follows:- Asia-Pacific: Asia-Pacific is expected to dominate the global CHDA market, with the region projected to hold a market share of 40% to 45% by 2029. The CAGR for this region is estimated to be between 5.0% to 6.0%, driven by strong demand from countries such as China, India, and South Korea, where manufacturing industries, especially automotive and electronics, are growing rapidly.
- North America: North America is expected to contribute a significant portion to the global market, with an estimated market share of 20% to 25% by 2029. The growth rate for this region is projected to be between 4.0% to 5.0%, supported by demand from the automotive, coatings, and pharmaceutical industries.
- Europe: Europe is projected to hold a market share of 18% to 22% by 2029, with a CAGR of 4.0% to 5.0%. The region is witnessing growing demand for CHDA, particularly in engineering plastics and coatings.
- Latin America and Middle East & Africa: These regions are expected to grow at a slower pace, with a combined market share of 10% to 12% by 2029. The growth rate for these regions is estimated at 3.0% to 4.0%.
Segment Forecasts (2024-2029)
Growth in Key Applications
- Engineering Plastics: The engineering plastics segment is expected to grow at a CAGR of 5.0% to 6.0%, driven by increasing demand in the automotive and electronics sectors.
- Pharmaceutical Intermediates: The pharmaceutical sector is projected to see steady growth, with a CAGR of 4.5% to 5.5%, driven by the expansion of drug production and manufacturing capabilities globally.
- Coating Resins: Demand for coating resins is expected to grow at a CAGR of 4.0% to 5.0%, supported by increasing demand in the automotive and construction industries.
- Polyester Polyols: This segment is expected to grow at a CAGR of 3.5% to 4.5%, driven by increasing use of polyurethanes in construction and automotive applications.
Regional Insights
Asia-Pacific is anticipated to continue its dominance in the global CHDA market, with the region holding a market share of 40% to 45% by 2029. North America and Europe will also be significant players, with projected market shares of 20% to 25% and 18% to 22%, respectively. Latin America and Middle East & Africa are expected to hold a combined share of 10% to 12% by 2029.This product will be delivered within 1-3 business days.
Table of Contents
Chapter 1 Executive SummaryChapter 2 Abbreviation and Acronyms
Chapter 3 Preface
Chapter 4 Market Landscape
Chapter 5 Market Trend Analysis
Chapter 6 Industry Chain Analysis
Chapter 7 Latest Market Dynamics
Chapter 8 Trading Analysis
Chapter 9 Historical and Forecast 1,4-Cyclohexanedicarboxylic Acid (Chda) Market in North America (2019-2029)
Chapter 10 Historical and Forecast 1,4-Cyclohexanedicarboxylic Acid (Chda) Market in South America (2019-2029)
Chapter 11 Historical and Forecast 1,4-Cyclohexanedicarboxylic Acid (Chda) Market in Asia & Pacific (2019-2029)
Chapter 12 Historical and Forecast 1,4-Cyclohexanedicarboxylic Acid (Chda) Market in Europe (2019-2029)
Chapter 13 Historical and Forecast 1,4-Cyclohexanedicarboxylic Acid (Chda) Market in MEA (2019-2029)
Chapter 14 Summary For Global 1,4-Cyclohexanedicarboxylic Acid (Chda) Market (2019-2024)
Chapter 15 Global 1,4-Cyclohexanedicarboxylic Acid (Chda) Market Forecast (2024-2029)
Chapter 16 Analysis of Global Key Vendors
List of Tables and Figures
Companies Mentioned
- Eastman
- SK Chemicals
- Nikko Rica
- Kellin Chemicals