The Dodecenyl Succinic Anhydride Market Size accounted for USD 56.2 Million in 2023 and is estimated to achieve a market size of USD 75.7 Million by 2032 growing at a CAGR of 3.5% from 2024 to 2032.
Dodecenyl Succinic Anhydride Market Highlights
- The global dodecenyl succinic anhydride market revenue is projected to reach USD 75.7 million by 2032, growing at a CAGR of 3.5% from 2024 to 2032
- In 2023, the North America dodecenyl succinic anhydride market was valued at approximately USD 20.8 million
- From 2024 to 2032, the Asia-Pacific dodecenyl succinic anhydride market is expected to achieve a CAGR of 4%
- Based on types, purity 98% sub-segment dominated in terms of revenue in 2023
- Among applications, epoxy resin curing agent sub-segment held the largest market share in 2023
- A growing demand for DDSA as an epoxy curing agent in automotive and electronics industries is driving significant market demand for dodecenyl succinic anhydride
Dodecenyl Succinic Anhydride (DDSA) is an organic chemical that results from the reaction of succinic anhydride and dodecene. It is a popular curing agent for epoxy resins because to its strong reactivity, low viscosity, and great thermal stability. These qualities make DDSA ideal for applications that require long-lasting and heat-resistant materials, such as coatings, adhesives, and sealants.
Aside from its principal usage in epoxy curing, DDSA is used in a variety of industrial applications because of its potential to improve the performance of completed products. It is appreciated in the automotive and electronics industries for its ability to produce components that can endure high temperatures and harsh conditions. The compound's versatility and effectiveness have made it an important material in the manufacturing sector, driving its steady demand and market growth.
Global Dodecenyl Succinic Anhydride Market Dynamics
Market Drivers
- Growing demand in automotive and electronics industries for epoxy curing agents
- Increased use in coatings and adhesives due to superior thermal stability
- Expanding applications in industrial manufacturing
- Rising need for high-performance materials in harsh environments
Market Restraints
- Fluctuations in raw material prices affecting production costs
- Availability of alternative curing agents
- Stringent environmental regulations on chemical manufacturing
Market Opportunities
- Innovations in DDSA formulations for advanced applications
- Expansion into emerging markets in Asia-Pacific
- Collaboration with research institutions for sustainable production methods
Dodecenyl Succinic Anhydride Market Report Coverage
Market |
Dodecenyl Succinic Anhydride Market
|
Dodecenyl Succinic Anhydride Market Size 2022 |
USD 56.2 Billion |
Dodecenyl Succinic Anhydride Market Forecast 2032 |
USD 75.7 Billion |
Dodecenyl Succinic Anhydride Market CAGR During 2023 - 2032 |
3.5% |
Dodecenyl Succinic Anhydride Market Analysis Period |
2020 - 2032 |
Dodecenyl Succinic Anhydride Market Base Year
|
2022 |
Dodecenyl Succinic Anhydride Market Forecast Data |
2023 - 2032 |
Segments Covered |
By Type, By Application, And By Geography
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled |
Actylis, Chevron Phillips Chemical, DIXIE CHEMICAL COMPANY, Evonik Industries AG, Exxon Mobil Corporation, Ladd Research Industries, Merck KGaA, Milliken Chemical, Polysciences Inc, Sincere Chemical, and TRIGON.
|
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis |
Dodecenyl Succinic Anhydride Market Insights
Several major factors drive the dodecenyl succinic anhydride (DDSA) market, highlighting its importance across a wide range of sectors. To begin, DDSA is becoming increasingly popular in the automotive and electronics industries due to its effectiveness as an epoxy curing agent. Its high reactivity, low viscosity, and great thermal stability make it perfect for creating long-lasting components that can endure extreme temperatures and harsh circumstances. Furthermore, the growing use of DDSA in industrial manufacturing, notably in coatings and adhesives, is fueling market growth as businesses seek materials with improved performance and lifespan.
However, the market has some constraints that may impede its expansion. Fluctuations in raw material prices have a substantial impact on DDSA production costs, making it difficult for manufacturers to keep prices consistent. Furthermore, the availability of alternative curing agents creates a competitive threat, since firms may choose cheaper or more easily available alternatives. Stringent environmental restrictions on chemical manufacture also provide a barrier, requiring companies to spend in compliance and sustainable practices, potentially increasing operational expenses.
Despite these challenges, the DDSA industry offers significant prospects for future growth. Innovations in DDSA formulations for advanced applications can offer up new utilization opportunities, increasing its attractiveness across a wide range of sectors. Expanding into emerging markets in Asia-Pacific presents a substantial potential due to fast industrialization and rising demand for high-performance materials in these regions. Furthermore, agreements with research institutions to create sustainable production processes can help companies reduce their environmental effect while also meeting legal requirements, encouraging a favorable DDSA market outlook.
Dodecenyl Succinic Anhydride Market Segmentation
The worldwide market for dodecenyl succinic anhydride is split based on type, application, and geography.
Dodecenyl Succinic Anhydrides DDSA Market By Type
- Purity 97%
- Purity 98%
- Purity 99%
- Others
According to the dodecenyl succinic anhydride industry analysis, the market was dominated by the kind with a purity of 98%. This supremacy is due to its excellent balance of performance and cost-effectiveness, which makes it ideal for a variety of industrial applications, particularly as an epoxy curing agent in the automotive and electronics industries. The Purity 98% type has a high reactivity and thermal stability, which are important features for demanding applications, making it preferred above other purity levels.
Dodecenyl Succinic Anhydrides DDSA Market By Application
- Epoxy Resin Curing Agent
- Solvent-Based Adhesive
- Others
According to our dodecenyl succinic anhydride (DDSA) market forecast, the epoxy resin curing agent is predicted to be the dominant application. This application leads the market because to DDSA's strong reactivity and great thermal stability, both of which are required for the production of durable and heat-resistant epoxy resins. These features make DDSA an excellent choice for the automotive and electronics industries, where powerful and dependable curing agents are essential.
Dodecenyl Succinic Anhydride Market Regional Outlook
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
Dodecenyl Succinic Anhydride Market Regional Analysis
The dodecenyl succinic anhydride (DDSA) market showcases significant regional variations in demand and growth rates. In 2023, North America dominates the market with an estimated value of USD 20.8 million, driven by the extensive use of DDSA in the automotive and electronics industries. The region's advanced industrial infrastructure and ongoing research and development activities aimed at enhancing product applications and performance also contribute to its dominance.
In Europe, the DDSA market is expected to reach USD 18.93 million by 2032, driven by stringent environmental regulations and a strong focus on sustainable chemical manufacturing practices. The Asia-Pacific region, meanwhile, is characterized by rapid industrialization and increasing demand for high-performance materials, with a notable market share and higher CAGR compared to other regions. The growing manufacturing sectors in countries like China and India are significant contributors to this growth, underscoring the region's potential for future market expansion.
Dodecenyl Succinic Anhydride Market Players
Some of the top dodecenyl succinic anhydride companies offered in our report includes Actylis, Chevron Phillips Chemical, DIXIE CHEMICAL COMPANY, Evonik Industries AG, Exxon Mobil Corporation, Ladd Research Industries, Merck KGaA, Milliken Chemical, Polysciences Inc, Sincere Chemical, and TRIGON.
CHAPTER 1. Industry Overview of Dodecenyl Succinic Anhydride Market
1.1. Definition and Scope
1.1.1. Definition of Dodecenyl Succinic Anhydride
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Dodecenyl Succinic Anhydride Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Dodecenyl Succinic Anhydride Market By Type
1.2.3. Dodecenyl Succinic Anhydride Market By Application
1.2.4. Dodecenyl Succinic Anhydride Market By Region
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restraint 1
3.2.2. Restraint 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Dodecenyl Succinic Anhydride Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Dodecenyl Succinic Anhydride Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Regulatory Compliance
3.9. Competitive Landscape, 2023
3.9.1. Player Positioning Analysis
3.9.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2023
4.2. R&D Status of Major Manufacturers in 2023
CHAPTER 5. Dodecenyl Succinic Anhydride Market By Type
5.1. Introduction
5.2. Dodecenyl Succinic Anhydride Revenue By Type
5.2.1. Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast, By Type, 2020-2032
5.2.2. Purity 97%
5.2.2.1. Purity 97% Market Revenue (USD Million) and Growth Rate (%), 2020-2032
5.2.3. Purity 98%
5.2.3.1. Purity 98% Market Revenue (USD Million) and Growth Rate (%), 2020-2032
5.2.4. Purity 99%
5.2.4.1. Purity 99% Market Revenue (USD Million) and Growth Rate (%), 2020-2032
5.2.5. Others
5.2.5.1. Others Market Revenue (USD Million) and Growth Rate (%), 2020-2032
CHAPTER 6. Dodecenyl Succinic Anhydride Market By Application
6.1. Introduction
6.2. Dodecenyl Succinic Anhydride Revenue By Application
6.2.1. Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast, By Application, 2020-2032
6.2.2. Epoxy Resin Curing Agent
6.2.2.1. Epoxy Resin Curing Agent Market Revenue (USD Million) and Growth Rate (%), 2020-2032
6.2.3. Solvent-Based Adhesive
6.2.3.1. Solvent-Based Adhesive Market Revenue (USD Million) and Growth Rate (%), 2020-2032
6.2.4. Others
6.2.4.1. Others Market Revenue (USD Million) and Growth Rate (%), 2020-2032
CHAPTER 7. North America Dodecenyl Succinic Anhydride Market By Country
7.1. North America Dodecenyl Succinic Anhydride Market Overview
7.2. U.S.
7.2.1. U.S. Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Type, 2020-2032
7.2.2. U.S. Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Application, 2020-2032
7.3. Canada
7.3.1. Canada Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Type, 2020-2032
7.3.2. Canada Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Application, 2020-2032
7.4. North America PEST Analysis
CHAPTER 8. Europe Dodecenyl Succinic Anhydride Market By Country
8.1. Europe Dodecenyl Succinic Anhydride Market Overview
8.2. U.K.
8.2.1. U.K. Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Type, 2020-2032
8.2.2. U.K. Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Application, 2020-2032
8.3. Germany
8.3.1. Germany Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Type, 2020-2032
8.3.2. Germany Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Application, 2020-2032
8.4. France
8.4.1. France Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Type, 2020-2032
8.4.2. France Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Application, 2020-2032
8.5. Spain
8.5.1. Spain Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Type, 2020-2032
8.5.2. Spain Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Application, 2020-2032
8.6. Rest of Europe
8.6.1. Rest of Europe Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Type, 2020-2032
8.6.2. Rest of Europe Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Application, 2020-2032
8.7. Europe PEST Analysis
CHAPTER 9. Asia Pacific Dodecenyl Succinic Anhydride Market By Country
9.1. Asia Pacific Dodecenyl Succinic Anhydride Market Overview
9.2. China
9.2.1. China Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Type, 2020-2032
9.2.2. China Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Application, 2020-2032
9.3. Japan
9.3.1. Japan Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Type, 2020-2032
9.3.2. Japan Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Application, 2020-2032
9.4. India
9.4.1. India Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Type, 2020-2032
9.4.2. India Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Application, 2020-2032
9.5. Australia
9.5.1. Australia Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Type, 2020-2032
9.5.2. Australia Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Application, 2020-2032
9.6. South Korea
9.6.1. South Korea Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Type, 2020-2032
9.6.2. South Korea Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Application, 2020-2032
9.7. Rest of Asia-Pacific
9.7.1. Rest of Asia-Pacific Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Type, 2020-2032
9.7.2. Rest of Asia-Pacific Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Application, 2020-2032
9.8. Asia Pacific PEST Analysis
CHAPTER 10. Latin America Dodecenyl Succinic Anhydride Market By Country
10.1. Latin America Dodecenyl Succinic Anhydride Market Overview
10.2. Brazil
10.2.1. Brazil Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Type, 2020-2032
10.2.2. Brazil Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Application, 2020-2032
10.3. Mexico
10.3.1. Mexico Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Type, 2020-2032
10.3.2. Mexico Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Application, 2020-2032
10.4. Rest of Latin America
10.4.1. Rest of Latin America Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Type, 2020-2032
10.4.2. Rest of Latin America Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Application, 2020-2032
10.5. Latin America PEST Analysis
CHAPTER 11. Middle East & Africa Dodecenyl Succinic Anhydride Market By Country
11.1. Middle East & Africa Dodecenyl Succinic Anhydride Market Overview
11.2. GCC
11.2.1. GCC Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Type, 2020-2032
11.2.2. GCC Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Application, 2020-2032
11.3. South Africa
11.3.1. South Africa Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Type, 2020-2032
11.3.2. South Africa Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Application, 2020-2032
11.4. Rest of Middle East & Africa
11.4.1. Rest of Middle East & Africa Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Type, 2020-2032
11.4.2. Rest of Middle East & Africa Dodecenyl Succinic Anhydride Revenue (USD Million) and Forecast By Application, 2020-2032
11.5. Middle East & Africa PEST Analysis
CHAPTER 12. Player Analysis Of Dodecenyl Succinic Anhydride Market
12.1. Dodecenyl Succinic Anhydride Market Company Share Analysis
12.2. Competition Matrix
12.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
12.2.2. New Product Launches and Product Enhancements
12.2.3. Mergers And Acquisition In Global Dodecenyl Succinic Anhydride Market
12.2.4. Partnership, Joint Ventures and Strategic Alliances/Sales Agreements
CHAPTER 13. Company Profile
13.1. Actylis
13.1.1. Company Snapshot
13.1.2. Business Overview
13.1.3. Financial Overview
13.1.3.1. Revenue (USD Million), 2023
13.1.3.2. Actylis 2023 Dodecenyl Succinic Anhydride Business Regional Distribution
13.1.4. Product /Service and Specification
13.1.5. Recent Developments & Business Strategy
13.2. Chevron Phillips Chemical
13.3. DIXIE CHEMICAL COMPANY
13.4. Evonik Industries AG
13.5. Exxon Mobil Corporation
13.6. Ladd Research Industries
13.7. Merck KGaA
13.8. Milliken Chemical
13.9. Polysciences Inc.
13.10. Sincere Chemical
13.11. TRIGON