Global Dodecanedioic Acid Market

Dodecanedioic Acid Market Size, Share, Growth Analysis, By Application(Resins, Powder Coating, Adhesives, Lubricants), By End Use(Paints and Coatings, Adhesives and Sealants, Engineering Plastics, Others.), By Region - Industry Forecast 2025-2032


Report ID: SQMIG15A2294 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 66 | Figures: 75

Dodecanedioic Acid Market Insights

Dodecanedioic Acid Market size was valued at USD 0 Million in 2023 and is poised to grow from USD 0 Million in 2024 to USD 0 Million by 2032, growing at a CAGR of 4.9% during the forecast period (2025-2032).

The market growth is being influenced by the growing demand for nylon in emerging economies like China and India, particularly in the automotive sector. Nylon is preferred in this industry due to its advantageous properties such as flexibility, heat stability, and high scratch resistance.

The automotive segment's strong demand for nylon is expected to drive the market for dodecanedioic acid (DDDA) in the coming years. The increasing demand for lubricants and adhesives is also a significant factor contributing to the future demand for DDDA.

Additionally, nylon producers are investing in research and development to innovate and enhance their products, which is expected to have a positive impact on the DDDA market in the near future. Furthermore, the high demand for nylon in various applications such as screws, gears, and fabrics is further fueling the utilization of DDDA.

The market's expansion can be credited to the extensive usage of the product across diverse industries like paints, engineering plastics, corrosion inhibitors, coatings, adhesives, lubricants, and surfactants. Furthermore, the presence of robust manufacturing sectors in emerging economies is propelling market growth.

The swift industrialization in these economies is anticipated to escalate the need for adhesives, lubricants, and nylons. Moreover, there is a growing need for dodecanedioic acid (DDDA) due to the rising demand for paints and coatings, particularly in the case of powder coatings. This surge in demand for DDDA is further boosting the market.

Furthermore, the expanding construction industry is also playing a significant role in driving the demand for the product.

US Dodecanedioic Acid Market is poised to grow at a sustainable CAGR for the next forecast year.

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Dodecanedioic Acid Market size was valued at USD 472.83 million in 2021 and is poised to grow from USD 496 million in 2022 to USD 693.28 million by 2030, at a CAGR of 4.9% during the forecast period (2023-2030).

These companies operate in various regions and play a significant role in the DDDA market, contributing to its growth through product development, strategic collaborations, and market expansion efforts. The competitive landscape is driven by factors such as technological advancements, research and development activities, and the ability to cater to diverse end-user industries. 'Invista (United States)', 'BASF SE (Germany)', 'UBE Industries Ltd. (Japan)', 'Cathay Industrial Biotech Ltd. (China)', 'Ascend Performance Materials LLC (United States)', 'Verdezyne Inc. (United States)', 'Evonik Industries AG (Germany)', 'Zibo Guangtong Chemical Co., Ltd. (China)', 'Santa Cruz Biotechnology Inc. (United States)', 'Zibo Guangzheng Aluminum Science and Technology Co., Ltd. (China)', 'Xiamen Hisunny Chemical Co., Ltd. (China)', 'Shandong Fine Chemical Technology Co., Ltd. (China)', 'Henan Tianfu Chemical Co., Ltd. (China)', 'Penta Manufacturing Company (United States)', 'Zibo Micflon New Material Co., Ltd. (China)', 'Kewpie Corporation (Japan)', 'Anhui Royal Chemical Co., Ltd. (China)', 'Chemland Group Inc. (United States)', 'Henan Eastar Chemicals Co., Ltd. (China)', 'Salicylates and Chemicals Pvt. Ltd. (India)'

DDDA possesses favorable properties that make it attractive for various applications. These include its flexibility, heat stability, and high resistance to chemicals. DDDA-based products exhibit excellent mechanical properties, such as high tensile strength and impact resistance, making them suitable for engineering plastics. Moreover, DDDA is solvent-free and produces minimal emissions of volatile organic compounds (VOCs), making it environmentally friendly and in line with stringent regulations on emissions.

Sustainability has become a key focus across industries, leading to a greater emphasis on eco-friendly materials and processes. DDDA offers several environmental advantages, such as being solvent-free and producing minimal emissions of volatile organic compounds (VOCs). As a result, DDDA is gaining popularity as a sustainable alternative in various applications, including powder coatings and environmentally friendly adhesives. The trend towards sustainability is expected to drive the demand for DDDA in the coming years.

The Asia Pacific region emerged as the leading market for dodecanedioic acid (DDDA) in 2022, capturing over 30% of the total revenue share. This dominance can be attributed to the growing domestic consumption of DDDA by key economies like China, Malaysia, and Japan. These countries have witnessed a rise in demand for DDDA across various industries. Moreover, the presence of supportive regulations aimed at attracting investments has created a favorable business environment in the region, further bolstering the growth of the DDDA market in Asia Pacific.

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Global Dodecanedioic Acid Market

Report ID: SQMIG15A2294

$5,300
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