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Dodecanedioic Acid Market analysis research and
trends report for 2016-2023: Global Market Insights
Dodecanedioic Acid (DDDA) Market analysis is covered in this latest research report
that aims to help those taking daily business decisions by providing market trends
information, competitive landscape scenario, forecasts and more. Increasing product
demand in high-performance nylon production is considered to be the major factor
propelling the global DDDA market size by 2023. In 2015, the global nylon
production stood at approximately four million tons and is projected to reach six
million tons by 2023.
Nylon 6, 12 demand has been witnessing growth owing to the expanding paints and
coatings industry will boost industry growth over the estimated period. This specialty
nylon is extensively used in thermoplastic manufacturing, which finds a broad
application range in polyesters, fragrances, adhesives, grease, and detergents. The
above-mentioned products have a massive demand from major application areas
and will subsequently drive the industry.
Growing infrastructure spending is likely to propel the global DDDA market size over
the projected timeframe. Escalating construction business will significantly increase
the demand for paint & coating applications. It offers the required solubility
characteristics with acetone, benzene, and water, which makes it desirable for paints
Booming automotive sector due to the increasing spending dynamics will positively
influence the global industry revenue. Automotive essentially require paints &
coatings to protect the vehicle part against corrosion along with improving the
physical appearance. In 2015, the overall automotive production was close to 90
million units and is projected to upsurge over the estimated period owing to the boost
the DDDA market size by 2023.
DDDA market size is strictly regulated and directed by environmental norms
regarding VOC emissions. Additionally, adipic acid and sebacic acid are being widely
accepted for nylon production. The aforementioned trends may obstruct the industry
share by 2033. However, increasing R&D investments toward bio-based products
will present high growth avenues for the industry players.
In 2015, resins accounted for over 50% of the global DDDA market share. Increasing
application of nylon in fabrics, screws, and gears will positively impact the business
growth by 2033.
The overall DDDA market share for powder coatings shall witness the maximum
gains at over 6% CAGR by 2023. Cumulating demand for paints and coatings across
the automotive and construction industry will positively impact demand. The product
usage in paint & coatings offers higher corrosion resistance, resistance & protection
against chemicals, and superior finish.
U.S. DDDA market share, by application, 2012-2023 (USD Million)
In 2015, North America industry revenue was more than USD 100 million, primarily
on account of demand from the U.S. The enormous automotive customer base in the
country along with rising renovation practices in the region will positively influence
the regional growth in the coming years. In 2015, Asia Pacific formed the largest
chunk in the DDDA market size and shall observe maximum growth at over 6% over
the projected period. Increasing construction spending in India and China
accompanied with growing regional automotive industry will propel growth.
In 2015, the global DDDA market size was highly consolidated with four major
industry players, contributing approximately 50% of the global share. Key companies
in the global DDDA market share are UBE, Verdezyne, Cathay, BASF SE, Invista,
Santa Cruz Biotechnology, Zibo Guangtong Chemical, and Evonik.
Segmentation of Dodecanedioic Acid Market:
Dodecanedioic acid market research report includes in-depth coverage of the
industry with estimates & forecast in terms of volume in kilo tons and revenue in
USD million from 2012 to 2023, for the following segments:
Dodecanedioic acid market by application
The above information is provided on a regional and country basis for the following:
Latin America (LATAM)
Middle East & Africa
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Competitive Market Share & Forecast, 2016 – 2024
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