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  • Dodecanedioic Acid Market Analysis | 2023-2028

    Dodecanedioic Acid Market Analysis | 2023-2028

    Dodecanedioic Acid Market Analysis | 2023-2028
    Report code - SR2312 Delivery - 2 Weeks
    Dodecanedioic Acid Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth O See more...

    Market Insights

    The Dodecanedioic Acid Market is expected to grow from USD 443.94 million in 2022 to USD 591.53 million by 2028 at a CAGR of 4.86% during the forecast period.

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    What is dodecanedioic acid?

    Dodecanedioic acid is a dicarboxylic acid with a 12-carbon chain (C12H22O4). It is also known as DDDA or DC12, and it is used in various industrial applications. This acid is derived from natural sources like castor oil or can be synthesized through chemical processes. Dodecanedioic acid is utilized in the production of nylon 6,12, a type of high-performance polymer with applications in textiles, automotive components, and engineering plastics. Its unique properties, such as high thermal stability and corrosion resistance, make it valuable in the manufacturing of specialty materials for diverse industries.

    Market Dynamics

    Dodecanedioic acid (DDDA) is in high demand due to its widespread use in the manufacture of paints, engineering plastics, corrosion inhibitors, coatings, adhesives, lubricants, and surfactants. Furthermore, the presence of a strong manufacturing base in emerging economies propels the market.

    Rapid industrialization in emerging markets is expected to boost the demand for adhesives, lubricants, and nylons. The increase in demand for paints and coatings, particularly powder coatings, is expected to accelerate the demand for DDDA. Rising construction activity around the world is also having an impact on product demand.

    Dodecanedioic Acid Market Report Overview

    Market Size in 2028

    USD 591.53 million

    Market Size in 2022

    USD 443.94 million

    Market Growth (2023-2028)

    4.86% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

     

    In the coming years, increasing demand for lubricants and adhesives will drive the demand for dodecanedioic acid. Increasing R&D funding for product innovation by nylon producers is expected to have a positive impact on the market over the forecast period. The high demand for screws, gears, and fabrics is driving the demand for nylon.

    Segments Analysis

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented into the following categories-

    By Application Type

    • Resins 
    • Powder Coatings
    • Adhesives 
    • Others 

    By Region

    • North America 
    • Europe 
    • Asia-Pacific 
    • Rest of the World 

    By Application Type

    The market is segmented into resins, powder coatings, adhesives, and others. Among these application types, the resins industry is likely to remain the biggest demand generator for dodecanedioic acid during the forecast period. Rising nylon applications in fabrics, gears, and screws are the primary industry growth prospects for the application. Furthermore, increased nylon consumption will support industry growth due to its high elasticity, abundant availability, and superior strength. Increased R&D funding for bio-based specialty polymer manufacture, such as nylon, will help the industry grow even more. The growing need for paints, coatings, and lubricants around the world as a result of rising construction and the automotive industries is a primary driver driving the growth of the market. When compared to traditional materials, use in paints and coatings provides greater corrosion resistance, high-quality finish, abrasion protection, and resistance to moisture, heat, and chemicals.

    Regional Analysis

    In terms of regions, North America is expected to remain the largest market for dodecanedioic acid over the forecast period. The key factors contributing to the growth of the regional market are increasing remodeling techniques in residential projects in the United States, as well as a large consumer car base. Powder coatings sector expansion in the region will be aided by the presence of major automotive and nylon producers. As a result, the DDDA market in the region will grow in the coming years.

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    Key Players

    Most companies are deploying various strategies regarding product development & differentiation, pricing, branding, technology, and customized products to gain a competitive advantage. The following are some of the key players in the dodecanedioic acid market:

    • Verdezyne
    • Invista
    • BASF SE
    • UBE Industries
    • Zibo Guangtong Chemical Co., Ltd.
    • Evonik Industries
    • Santa Cruz Biotechnology
    • Cathay Industrial Biotech
    • Merck KCaA.
    • ChemCeed LLC

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s dodecanedioic acid market realities and future market possibilities for the forecast period of 2023 to 2028. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Solid State Battery Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The dodecanedioic acid market is estimated to grow at a healthy CAGR of 4.86% over the next five years.

    The dodecanedioic acid market is likely to reach USD 591.53 million by 2028.

    The rising automobile sector around the world as a result of improving consumer lifestyles and spending patterns is expected to drive the growth of the market in the coming five years.

    North America is estimated to be dominant in the dodecanedioic acid market in the coming years. The key elements contributing to the regional industry share are increasing remodeling techniques in residential projects in the United States, as well as a large consumer car base.

    The resins application type is likely to maintain its dominance in the market in the next five years on account of the growing demand for nylon.

    Verdezyne, Invista, Aptar Group, Inc., UBE Industries, Zibo Guangtong Chemical Co., Ltd., Evonik Industries, Santa Cruz Biotechnology, Cathay Industrial Biotech, Merck KCaA., and ChemCeed LLC are some of the key players in the market.

    The market is studied from 2017 - 2028.

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