Neo Acid Market Summary
Neo Acid, also known as tertiary decanoic acid, tertiary carbonic acid 10, and 2-ethyl-2,5-dimethylhexanoic acid, appears as a water-white liquid at room temperature. Neodecanoic acid is a mixture of carboxylic acids with the common structural formula C10H20O2, a molecular weight of 172.26 g/mol, with a boling point of 243-253 °C (482 to 494 °F), a melting point of -39 °C (<104 °F) and the CAS number 26896-20-8.
According to the new market research report “Global Neo Acid Market Report, History and Forecast 2018-2029, Breakdown Data by Manufacturers, Key Regions, Types and Application”, published by QYResearch, the global Neo Acid market size is projected to reach USD 0.6 billion by 2029, at a CAGR of 6.0% during the forecast period.
- Global Neo Acid Market Size (US$ Million), 2018-2029
Source: QYResearch, “Global Neo Acid Market Report, History and Forecast 2018-2029, Breakdown Data by Manufacturers, Key Regions, Types and Application”
Market Drivers:
The number of new decanoic acid production enterprises is small, there are few new entrants in the industry, and the competition is small: globally, the number of new decanoic acid production enterprises is small, and the supply of new decanoic acid products is limited. There are few units and enterprises conducting research on neodecanoic acid in China, and currently only Tianjin Siyou Fine Chemicals Co., Ltd. has achieved large-scale production of neodecanoic acid products. The development of the new decanoic acid industry is driven by the widespread downstream application, limited production enterprises, and limited product supply.
Downstream applications are widespread, and there is a great potential for market demand growth: The downstream applications of neodecanoic acid mainly include rubber, coatings, metal extraction, etc. The cobalt salt of neodecanoic acid is currently the best tire adhesive additive. The application of neodecanoic acid in the coating industry meets the needs of transformation and upgrading in the coating industry, which is conducive to improving the quality of coating products. Although the current market demand for neodecanoic acid is still small, it is expected that in the future, with the support of downstream industry policies and further development of downstream industries, the market demand for neodecanoic acid products will further increase.
- Global Neo Acid Top 3 Players RankingandMarket Share（Continually updated）
Source: QYResearch, “Global Neo Acid Market Report, History and Forecast 2018-2029, Breakdown Data by Manufacturers, Key Regions, Types and Application”
According to QYResearch Top Players Research Center, the global key manufacturers of Neo Acid include Hexion, Shield Company, etc. In 2022, the global top three players had a share approximately 94.5% in terms of revenue.
Contact Us:
If you have any queries regarding this report or if you would like further information, please contact us:
QY Research Inc.
Add: 17890 Castleton Street Suite 369 City of Industry CA 91748 United States
EN: https://www.qyresearch.com
E-mail: global@qyresearch.com
Tel: 001-626-842-1666(US) 0086-133 1872 9947(CN)
JP: https://www.qyresearch.co.jp
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.