Global Dodecanedioic acid market was valued at US$ XX Bn in 2020 and is expected to reach US$ XX Bn by 2027 at a CAGR of XX% during the forecast period. The report covers the detailed analysis of the Global dodecanedioic acid industry with the classifications of the market on the basis of types, application, and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it.
Dodecanedioic acid is a dicarboxylic acid used in top-grade coatings, painting materials, surfactant, corrosion inhibitor, antiseptics, and engineering polymers. It is also known as DDDA and used for the manufacture of corrosion inhibitors which are comprehensively used in water treatments, pulp paper, chemical and other industrial facilities. DDDA is also used in the production of powder coating to enhance the properties like higher resistance to corrosion, high quality finish, abrasion and chipping and protection from chemicals, heat, and moisture.
Global Dodecanedioic Acid market
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Global Dodecanedioic acid market Dynamics
The increase in demand for nylon 612, adhesives, powder coatings and paints is major market growth driver.
Dodecanedioic acid wide range of use for powder coating with enhanced properties and ecofriendly is expected driving factor for growth of global dodecanedioic acid market. Also, the demand for medical application is growing as an IV infusion of DDDA in type 2 diabetic patient’s help in maintaining normal blood sugar level. The use of DDDA as a constituent for corrosion-resistant coats and heat transfer fluids are also one of the growth drivers in global dodecanedioic acid market.
Environmental concern related to the production of dodecanedioic acid is a major expected the restraining factor for the growth of the global dodecanedioic market during forecast period.
Bio based dodecanedioic acid is expected to replace approximately 30% of petrochemical products during the forecast period and create new opportunities for the global dodecanedioic acid market. Also the fastest growth rate for powder coating segment is expected new opportunity for same.
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The report helps in understanding Global Dodecanedioic Acid Market dynamics, structure, by analyzing the market segments and projects the Global Dodecanedioic Acid Market size. The clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Dodecanedioic Acid market make the report investor’s guide.
Global Dodecanedioic acid market Regional Insights
Global Dodecanedioic Acid market1
Global Dodecanedioic acid market, By Type
• Other Chemicals
Global Dodecanedioic acid market, By Application
• Powder coatings
Powder Coating segment is expected to grow at a CAGR of XX% during forecast period to reach US$ XX Bn by 2027.
The eco-friendly powder coating segment held XX% of global dodecanedioic acid market shares in 2020 and also expected faster growth during the forecast period. The powder coating also enhances properties like higher resistance to corrosion, abrasion, and chipping high-quality finish, and protection from chemicals, heat, and moisture. These advantages of powder coating over the conventional liquid are the major growth drivers for the powder coating segment in the global dodecanedioic market.
Global Dodecanedioic acid market, By Region
• North America
• Latin America
• Middle East and Africa
Asia-Pacific is expected to reach US$ XX Bn by 2027 at a CAGR of XX% during forecast period.
The Asia-Pacific segment was valued at US$ XX Bn in 2020 and expected to grow at a faster rate than others during the forecast period. China is one of the major producers as well as consumers of dodecanedioic acid (DDDA). Also growing industrial activities and development in Asia-Pacific boost the growth rate of the global dodecanedioic market. Governments of economies in Asia-Pacific have undertaken initiatives toward environmental sustainability to encourage manufacturers for bio-based dodecanedioic acid production. This also helps in the growth rate of DDDA market.
Global Dodecanedioic Acid Market Key Players
The report provides detailed study of the key players of global Dodecanedioic acid market with their growth by conserving past data. In addition to that report helps the reader with the company profile, Company Overview, Financial Overview, Product Portfolio, Business Strategy, Recent Developments and Development Footprint analysis and growth strategies for each.
• Envnk Industries AG
• Beyo Chemical Co. Ltd.
• Cathay Industrial Biotech Ltd.
• Sinopec Qingjiang petrochemical Co. Ltd.
• Zibo Guangtong Chemical Co. Ltd.
• Verdezyne Inc
• BASF SE
• UBE Industries
• US Boitech Company
• Koch Industries Inc
• Santa Cruz Biotechnology
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