A publication on the “Global Dodecanedioic Acid (DDDA) Market Size 2017 By Application (Resins, Adhesives, Powder Coatings, Lubricants, and Others), By Region And Forecast 2018 To 2025” was revealed by Adroit Market Research today.
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The publication covers the estimates for the global dodecanedioic acid (DDDA) market size (revenue) and demand (volume) for a period ranging between 2015 and 2025. The dodecanedioic acid (DDDA) market trends are also analyzed using Porter’s five forces analysis and PESTEL analysis. The report also covers the global dodecanedioic acid market insights such as drivers, restraints and value chain. The report also covers an in-depth analysis of the key players that hold a significant place in the global dodecanedioic acid market.
The global dodecanedioic (DDDA) acid market size is estimated to be worth USD 534.7 million by 2025. The global dodecanedioic (DDDA) acid market is expected show slow-paced growth for next few years. However, the market is expected to regain its momentum after 2021.
Dodecanedioic acid is derived from petrochemical sources such as natural gas and crude oil. However, due to the limited availability of these resources, bio-based alternatives such as vegetable crude oils is being adopted by the major manufacturers. For instance, in 2017, Verdezyne, a California-based manufacturer, had begun construction of dodecanedioic acid (DDDA) plant that would produce the acid using bio-based products.
The global dodecanedioic acid (DDDA) market size is projected to be fueled by increasing demand from the end-use sectors. DDDA is used in the production of several materials and chemicals that are increasingly used in industrial applications, automotive, and construction to name a few. The major demand for dodecanedioic acid comes from the production of polyamide nylon 6,12. Nylon 6,12 has a wide range of usage in the automotive industry where it is used to produce lightweight components. It also finds vast applications in electronics and packaging. Dodecanedioic acid (DDDA) is used to produce a large number of polyurethane, polyester and polyamide resins. Dodecanedioic acid (DDDA) is also used to produce powder coatings, adhesives, plasticizers, capacitor electrolytes, fiber, epoxy resins, and fragrance among several others. Increasing usage across the application segments is projected to increase the demand for global dodecanedioic acid (DDDA) market size.
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Apart from its application in the production of resins, dodecanedioic acid (DDDA) is also used as a curing agent for acrylic powder coatings/paints. DDDA is also used as a raw material for a variety of organic synthesis processes as well as synthetic musk fragrances. It is also used as a corrosion inhibitor in metalworking fluids. Dodecanedioic acid (DDDA) is commonly used in capacitor electrolytes, adhesives, diester synthetic lubricants, plasticizers, fibers, and epoxy resins. Demand for downstream products such as nylon 6,12, powder coatings, and adhesives among others is consistently increasing owing to growth in end-use segments. Globally, the industrial, automotive and construction sectors are witnessing positive growth and are projected to continue this trend, which in turn, its propelling growth of the global dodecanedioic acid (DDDA) market size.
Although growing demand in the end use sector is projected to propel the demand for global dodecanedioic acid (DDDA) market, the present supply-demand scenario is projected to negatively impact the market growth. The supply crisis, which started in 2017 across the globe, has led to a severe shortage of demand. However, demand from end-use industries is constantly increasing owing to which prices are increasing. This trend is likely to persist till 2021, after which the global dodecanedioic acid (DDDA) market is projected to retain its growth.
The demand for the global dodecanedioic acid market is expected to be led by Asia Pacific region over the forecast period. China is among the major producer as well as the consumer in the dodecanedioic acid (DDDA) market. Positive growth trends among the key end users of DDDA is projected to propel the global dodecanedioic acid (DDDA) market size over the forecast period. Some of the key players in the global dodecanedioic acid (DDDA) market are Invista, Verdezyne, BASF SE, UBE Industries, Zibo Guangtong Chemical Co., Ltd.
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Key segments of the global dodecanedioic acid (DDDA) market
Application Overview, 2015-2025 (USD Million) (Kilo Tons)
- Powder coatings
Regional Overview, 2015-2025 (USD Million) (Kilo Tons)
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Middle East & Africa
About Adroit Market Research:
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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