Neodecanoic Acid Prices Overview
In the fourth quarter of 2023, the price of Neodecanoice acid in US reached 2.54 USD/Kg. In December 2023, the price in China was 1.96 USD/Kg. Meanwhile, in India, the price for q4 2023 stood at 2.28 USD/Kg.
Global Neodecanoic Acid Import (tons)
|
Region |
2018 |
2023 |
|
North America |
33.66 |
42.88 |
|
Europe |
36.09 |
45.97 |
|
Asia pacific |
40.88 |
51.75 |
|
Middle east |
8.24 |
7.45 |
Global Neodecanoic Acid Export (tons)
|
Region |
2018 |
2023 |
|
North America |
33.23 |
42.39 |
|
Europe |
25.61 |
33.65 |
|
Asia pacific |
62.12 |
69.46 |
|
Middle east |
4.86 |
5.81 |
Neodecanoic Acid Overview
Credence research’s newly published report, “Neodecanoic acid pricing report 2024: price trend, chart, news, demand, historical and forecast data,” provides a comprehensive analysis of Neodecanoic acid pricing, focusing on global and regional market trends and the key factors driving these price movements. The report includes an in-depth review of the spot price of Neodecanoic acid at major ports, with a detailed breakdown of prices including ex works, fob, and cif. It also offers a region-wise analysis of Neodecanoic acid price trends across North America, Europe, Asia pacific, Latin America, and the Middle East and Africa.
The report delves into the elements influencing Neodecanoic acid price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it incorporates the latest industry news, offering stakeholders up-to-date information on market shifts, regulatory changes, and technological advancements. This comprehensive overview aids in strategic decision-making and forecasting, providing valuable insights for stakeholders in the Neodecanoic acid market.
Neodecanoic Acid Analysis
The global Neodecanoic acid volume reached 434.13 Kilo tons in 2023. By 2032, Credence Research expects the volume to reach 533.27 Kilo tons, at a projected CAGR of 2.21% during 2023-2032.
- Neodecanoic acid is widely utilized in the production of adhesives, coatings, and sealants due to its excellent hydrolytic stability and adhesion properties. It is also a key ingredient in the formulation of synthetic lubricants and plasticizers, enhancing their performance and durability.
- The chemical industry extensively uses Neodecanoic acid in the manufacturing of metal soaps and salts. These compounds are critical in various industrial applications, such as catalysis and polymer stabilization, owing to their unique chemical properties.
- In the paints and coatings sector, Neodecanoic acid is valued for its ability to improve the weather resistance and longevity of products. Its inclusion in alkyd resins and other formulations ensures enhanced performance of protective coatings.
- The automotive industry benefits from Neodecanoic acid in the production of high-performance lubricants and hydraulic fluids. These applications demand superior thermal stability and oxidation resistance, which Neodecanoic acid provides effectively.
- The growing demand for advanced adhesives and sealants in the construction and automotive industries is a primary driver of the Neodecanoic acid market. Additionally, the rise in infrastructure projects and automotive production globally boosts the need for high-quality coatings and lubricants.
- Stringent environmental regulations promoting the use of low volatile organic compound (VOC) products propel the demand for Neodecanoic acid. Its low VOC emissions make it a preferred choice in various eco-friendly formulations.
- The shift towards sustainable and green chemistry solutions influences market trends. Neodecanoic acid, with its favorable environmental profile, aligns with the increasing preference for sustainable raw materials in various industrial applications. This trend is expected to shape future market dynamics significantly.
Neodecanoic Acid News
The report comprehensively covers the latest developments, updates, and trends affecting the global Neodecanoic acid pricing, offering stakeholders timely and pertinent information. This section includes a broad spectrum of news items, such as the inauguration of new production facilities, advancements in Neodecanoic acid production technologies, strategic expansions by key industry players, and significant mergers and acquisitions that influence Neodecanoic acid price trends.
Recent developments in the Neodecanoic acid industry:
- April 2021: Ascensus Specialties LLC completed the acquisition of Strem Chemicals Inc.
- November 2023: Hexion announced that its Versatic Acid 10, a Neodecanoic carboxylic acid, is a safer-to-use replacement for 2-ethylhexanoic acid. This announcement came in response to the reclassification of 2-ethylhexanoic acid (2-EHA) and most of its salts as Reprotoxic Category 1B by the European Chemicals Agency (ECHA).
- Exxon Mobil Corporation offers NDA Prime, a Neodecanoic carboxylic acid with a long and highly branched alkyl chemical structure. ExxonMobil NDA Prime offers attributes that make it a better alternative to 2-EHA than offerings from closest competitors.
- Vizag Chemicals has established its presence in the Neodecanoic acid industry and is recognized as a global leader in the manufacturing, supply, and distribution of Neodecanoic Acid, but the specific year and month of this development is not mentioned in the source.
Product Description
Neodecanoic acid is a highly branched synthetic carboxylic acid known for its exceptional chemical stability and versatile applications. Its unique molecular structure imparts excellent hydrolytic stability, making it resistant to breakdown in the presence of water, which is crucial for various industrial uses. This stability, combined with its low volatility, makes Neodecanoic acid an ideal ingredient in the production of high-performance adhesives, sealants, and coatings.
In the chemical industry, Neodecanoic acid is a valuable component in the synthesis of metal salts and soaps, which are essential in catalysis and polymer stabilization processes. Its ability to enhance the durability and resistance of paints and coatings is particularly beneficial in the construction and automotive sectors, where protective coatings must withstand harsh environmental conditions. Additionally, Neodecanoic acid is integral to the formulation of synthetic lubricants and hydraulic fluids, offering superior thermal stability and oxidation resistance, essential for the demanding requirements of automotive and industrial machinery.
The demand for Neodecanoic acid is further driven by stringent environmental regulations that favor low volatile organic compound (VOC) products. Its low VOC emissions contribute to its growing popularity in eco-friendly formulations, aligning with the industry’s shift towards sustainable and environmentally responsible materials.
Regional Coverage
In North America, the import volume of Neodecanoic acid increased from 33.66 kilo tons in 2018 to 42.88 kilo tons in 2023, reflecting a strong demand driven by the region’s robust industrial and manufacturing sectors. This increase in imports aligns with the region’s growing automotive and construction industries, which heavily rely on high-performance chemicals for various applications. Correspondingly, North America’s export volumes also rose from 33.23 kilo tons to 42.39 kilo tons during the same period, indicating a balanced trade dynamic and significant local production capabilities that cater to both domestic and international demand.
In Europe, the import volumes grew from 36.09 kilo tons in 2018 to 45.97 kilo tons in 2023. This surge is attributed to the region’s stringent environmental regulations and the increased adoption of eco-friendly materials, which include Neodecanoic acid for various industrial applications. The rise in imports underscores the demand for high-quality chemical intermediates in the European demand. On the export front, Europe experienced an increase from 25.61 kilo tons in 2018 to 33.65 kilo tons in 2023. This growth highlights Europe’s role as a significant producer and exporter of Neodecanoic acid, supported by advanced chemical manufacturing infrastructure and strong regulatory compliance.
Asia Pacific stands out as the largest importer of Neodecanoic acid, with volumes escalating from 40.88 kilo tons in 2018 to 51.75 kilo tons in 2023. The region’s rapid industrialization, expanding automotive sector, and booming construction industry drive this substantial demand. The significant increase in imports indicates the growing reliance on Neodecanoic acid for enhancing the performance and durability of various products. Furthermore, Asia Pacific’s export volumes also showed an upward trend, rising from 62.12 kilo tons in 2018 to 69.46 kilo tons in 2023.
The Middle East presented a different trend. The import volume of Neodecanoic acid slightly decreased from 8.24 kilo tons in 2018 to 7.45 kilo tons in 2023, possibly due to regional economic fluctuations and varying demand patterns. However, the export volumes witnessed a modest increase from 4.86 kilo tons to 5.81 kilo tons during the same period.
Sustainability analysis including environmental impact and eco-friendly alternatives and regulations
The sustainability aspects of Neodecanoic acid production are increasingly significant as industries shift towards greener practices. Neodecanoic acid, due to its low volatility and high hydrolytic stability, is favored for applications requiring durable and environmentally friendly components. Its production, however, involves chemical processes that must be managed to minimize environmental impact. The use of non-renewable feedstocks and energy-intensive manufacturing processes pose challenges in reducing the carbon footprint associated with its production.
Environmental regulations play a crucial role in guiding the sustainable production of Neodecanoic acid. Stringent guidelines by environmental agencies mandate lower emissions of volatile organic compounds (VOCs) and encourage the adoption of cleaner technologies. Producers are investing in advanced catalytic processes and renewable raw materials to align with these regulations and enhance the eco-friendliness of their products.
Eco-friendly alternatives to traditional production methods include bio-based feedstocks, which significantly reduce the reliance on fossil fuels and decrease greenhouse gas emissions. The development of green chemistry techniques, such as biocatalysis, offers potential pathways for producing Neodecanoic acid more sustainably. These innovations not only improve the environmental profile of Neodecanoic acid but also ensure compliance with evolving regulatory standards, supporting the broader movement towards sustainable industrial practices.
Report Details
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Key attributes |
Details |
|
Product name |
Neodecanoic Acid |
|
Report features |
Exploration of historical trends and market outlook |
|
Currency/units |
Us$ (data can also be provided in local currency) or metric tons |
|
Region/countries covered |
The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, the Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hong Kong, Singapore, Australia, and New Zealand. Europe: Germany, France, the United Kingdom, Italy, Spain, Russia, Turkey, the Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, the Czech Republic, Portugal, and Greece. North America: the United States and Canada Latin America: Brazil, Mexico, Argentina, Colombia, Chile, Ecuador, and Peru Middle East and Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco note: the list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
|
Information covered for key suppliers |
Company overview |
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Customization scope |
The report can be customized as per the requirements of the customer |
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Report price and purchase option |
Plan A: monthly updates; annual subscription Plan B: quarterly updates; annual subscription Plan C: biannually updated updates; annual subscription
|
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Post-sale analyst support |
360-degree analyst support after report delivery |
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Delivery format |
Pdf and excel through email (we can also provide the editable version of the report in ppt/word format on special request) |
Key benefits for stakeholders:
- Credence research’s report provides an in-depth analysis of Neodecanoic acid pricing, including global and regional trends, spot prices at key ports, and detailed ex works, fob, and cif price breakdowns.
- The study explores factors influencing the Neodecanoic acid price trend, such as raw material costs, supply-demand changes, geopolitical impacts, and industry developments, to offer valuable insights for informed decision-making.
- The competitive landscape review offers stakeholders essential insights into the latest market news, regulatory changes, and technological advancements, providing a comprehensive, strategic overview for forecasting and planning.
- Credence research offers various subscription options—monthly, quarterly, and biannual updates—enabling clients to stay updated with the latest market trends, ongoing developments, and extensive market insights. The Neodecanoic acid price charts ensure our clients remain industry leaders.
