The lauric acid market is in short supply and Cathay Biotech is a major global supplier

Lauric acid, also known as dodecanedioic acid, dodecanedioic acid, etc., is the most widely used long-chain dibasic acid. Lauric acid appears in the form of white powder or white flake crystals. Lauric acid has good thermal stability and low solubility in water. As an important fine chemical intermediate, lauric acid can be used to produce hot melt adhesives, high-grade lubricants with low pouring points, engineering plastics, cutting fluids, nylon brush filaments and other products. It is widely used in aerospace, military industry, flavors and fragrances, and electronics. , engineering plastics, construction and building materials and other fields.

The production process of lauric acid can be divided into two types: chemical synthesis and biosynthesis. Among them, biosynthesis is the mainstream preparation method of lauric acid. The biosynthesis method is a new preparation process. The lauric acid produced is a bio-based material. Compared with the chemical method, the biosynthesis method has the advantages of low production cost, environmental protection, mild reaction conditions, and low carbon emissions. It is carbon neutral and Under the background of the carbon peak strategy, the development space of the biological lauric acid market is broader.

Lauric acid has a wide range of applications. In recent years, with the steady growth of my country’s economy, the market demand for lauric acid has continued to increase. However, due to production technology limitations, the lauric acid market is in short supply. According to the “2022-2026 Lauric Acid Industry In-depth Market Research and Investment Strategy Suggestions Report released by the Industrial Research Center, my country There are a small number of lauric acid production companies and the market concentration is high, among which Cathay Biotech accounts for about 90% of the market.

Cathay Biotech is one of the first companies in China to deploy bio-method lauric acid. With its advantages such as high efficiency and environmental protection, Cathay Biotech has strengthened its market competitiveness and gradually replaced the international enterprise Invista. At this stage, Cathay Biotech has become a global The largest supplier of lauric acid, customers include DuPont, EMS, Wuxi Yinda, Wanli (Chengdu) Flavors, etc. Cathay Biotech is one of the world’s major suppliers of long-chain dibasic acids. In addition, the company also has products such as pentamethylenediamine and polyamide.

Xinri Hengli is also one of the domestic suppliers of lauric acid. At present, the company’s lauric acid project has released production capacity and has passed phased certifications from Evonik and DuPont. With the entry of Xinri Hengli’s production capacity into the market, my country’s lauric acid supply capacity will be further enhanced. At the same time, as related projects are put into production, Xinri Hengli is also expected to grow into a global leader in the production of bio-based long-chain dibasic acids in the future.

Industry analysts said that as a fine chemical product, lauric acid has a wide range of applications and market demand continues to grow. Due to the inconsistency between supply and demand, Matching, my country’s lauric acid market is still in short supply. In the face of growing market demand, domestic companies are actively deploying. Driven by technological progress and improved research levels, the lauric acid industry has achieved significant improvements in scale, quality and other aspects.