According to Acumen Research and Consulting, the global dodecanedioic acid market size is expected to reach around US$ 29.5 billion by 2026 and will grow at noteworthy CAGR around 6.0 % over the forecast period.
A dicarboxylic acid is Dodecanedioic acid (DDDA). DDDA is a slightly odorous white solid. His point of formation is 1280C and his point of boiling is 2500C. For multiple applications, for example surfactants, inhibitors of corrosion, paints and other medical applications, DDDA is used. In various applications, it is used as adhesives, condensers and plasticizers. It can be used for fluid and corrosion resistant coats as a component in thermal transfer. DDDA is also used in powder coatings for stabilization and curing. However, DDDA is mainly used in polyesters, in particular polyamides, epoxy resins despite its various applications. DDDA is produced by a chemical process from butadiene. Due to reduced vapor pressure, there is no health problem connected with DDDA inhalation. The genotoxic or mutagenic DDDA is none of this.
The report provides analysis of global Dodecanedioic Acid market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
Mostly polyamides have driven the market for dodecanedioic acid. Dodecanedioic acid is used mainly in polyamide 6,12 production methods. Polyamide 6,12 is used mainly in nylon product manufacturing. DDDA is also used for polyester coatings, synthetic diester lubricants, fibers, etc.
Dodecanedioic acid is used, among other things, in flammable retardant agent, fertilizer, aroma, fragrance, purification agent and teat. The dodecanedioic acid industry has had the biggest chance to invest in biodegradable DDDA. Products will focus in the near future on bio-based DDCA. Verdezyne Inc. is planning to open a new plant in Malaysia with its US base. Verdezyne Inc. In order to produce DDDA, the plant uses lauric acid as a chemical feedstock. The project focuses on the production of bio-based DDDA. In the coming years, however, environment problems could serve as a significant limit for the market for dodecanedioic acid.
A large use for the manufacturing of paints, plastic engineering, corrosion inhibitors, coatings, adhesives, lubricants and surfactants can be ascribed to demand for dodecanedioic acid (DDDA). Furthermore, the existence of solid production bases is driving the market in emerging economies. The demand for adhesives, lubricants and nylons is projected to increase rapidly in emerging economies. The increasing demand for lacquers and lacquers, particularly in powder lacquers, should boost DDDA requests. Increased building operations worldwide also affect product demand at the same time.
Emerging countries such as China and India are seeing an increase in demand for nylon attributable to beneficial elements such as flexibility, thermal stability and elevated scratch resistance in the automotive industry. This has led to enhanced use of the product in the automotive sector. In the last years, the demand for dodecanedioic acid is going to be boosting in increasing demand for lubricants and adhesives. The increasing support for product innovation from nylon manufacturers in research and development should have a positive effect on the market during the forecast period. The demand for nylon is also growing with high requirements for screws, gears and textiles. The booming automotive sector will have a positive impact on world business income owing to the growing expenditure dynamics. In order to safeguard the vehicle part against corrosion as well as improve its physical appearance the car mainly requires paints and coatings. Another significant factor propelling the DDDA (dodecanedioic acid) market over the projected era, is the quickly increasing car industry worldwide because of the enhanced customer lifestyles and expenditure dynamics. For body components of the vehicle, including motor and body panels, paints and coatings are important. These auto components involve powder coating to improve the appearance and to provide resistance to corrosion. The total manufacturing of automobiles in 2015 was nearly 90 million units and will continue in 2015 thanks to the growth of DDDA.
Continued expenditure on infrastructure will probably increase the world's DDDA market size over time. The increasing demand for paint and coating applications will improve markedly. With acetone, benzene and water it provides the necessary solubility properties, making it advisable for lacquers and lacquers. DDDA is controlled worldwide by rigid VOC emission environmental laws that may impede the general development of the dodecanedioic acid market in the future. In addition, the product is investigating the rigid threats of adipic acid and sebacic acid as can be used in nylon manufacturing. On the other side, the presence of the biologic-based DDDA market share will give respondents engaged in the worldwide dodecanedioic acid sector numerous fresh possibilities for development.
The resins segment represented the largest market share in the worldwide market of dodecanedioic acid, and is expected to lead the market during the forecast era at a significant CAGR. Nylon demand from multiple end-use sectors, particularly the automotive industry, is expected to grow in this section of implementation. In addition, the demand from the paint sector is anticipated to boost. Biobased DDDA is expected to replace a substantial portion of demand and utilization in the coming years of petroleum-based DDDA. However, the primary application region for bio-DDDA during the forecast era is anticipated to stay the resin manufacturing. The powder coatings are hydrolytically resistant because of the existence of DDDA. The growing demand for dodecanedioic acid is anticipated to increase in the powder industry in the developing economies as a result of increased applications in the automotive, construction and chemical sectors. Increased demand for Latin American powder coatings affects the general market as well.
The demand for nylon will increase in combination with the increase in demand for powder coatings and industrial paints in developing markets, such as Japan, China, and India. The growing demand for resins and powder coatings is expected to be increased by industrialisation and urbanization in Asian Pacific developing states. As economies around the world improve, increasing applications are increasing with dodecanedioic acid such as powder cover, inhibitors of corrosion, lacquers, adhesives, surfactants and lubricants. Stringent public regulations, however, restricting market growth to regulate and decrease damaging impacts on people.
Asia-Pacific accounted is anticipated to grow at highest CAGR over the projected era because national consumption has increased in markets such as China, Malaysia and Japan. Moreover, the beneficial effect on the market is anticipated by supporting laws to attract more investment.
North America also maintains a important market share and is anticipated to grow by the time Mexico emerges as an automotive production centre at significant CAGR by 2025. Furthermore, the growing demand for consumer luxury vehicles worldwide should drive the region's DDDA demand. In this industry there is enormous demand for polyamides. In North America, the United States and Canada are the biggest customers. In the future, the rest of the world market for dodecanedioic acid is anticipated to demonstrate steady growth. In the next few years, demand for DDD A is expected to rise owing to the rising demand for nylon products from different end-user apps in the Middle East, North Africa and Latin America.
Due to increasing powder coating manufacturing in countries like Germany, Europe is anticipated to develop considerably in the course of the forecast era. In addition, players view product trends as an important market opportunity. Growing demand for bio-adhesives is forecast to give bio-decanedioic acid a profitable opportunity in the future. DGDA manufacturers have been given the opportunity to cut costs and increase their penetration on highly controlled markets such as North America and Europe by renewable feedstock. The trend in the industry is to increase the use of nylon in the manufacturing of HPP owing to its heating capacity.
Global Dodecanedioic Acid Market, By Application
Global Dodecanedioic Acid Market, By Geography
The market research study on “Dodecanedioic Acid Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global dodecanedioic acid market segments with market dynamics and their impact. The report also covers basic technology development policies.
Key Players & Strategies
The dodecanedioic acid market consists of major vendors such as UBE Industries, BASF SE, Evonik, Ube, Cathay Industrial Biotech, Santa Cruz Biotechnology, Verdezyne, Cathay, and Invista.