Global Dodecanedioic Acid Market by Application (Resin, Lubricants, Adhesives, Powder Coatings) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global dodecanedioic Acid market demand was estimated at 69.6 kilo tonnes in 2018. It is expected to grow at a 5.5% CAGR over the forecast period. The large use of dodecanedioic (DDDA), in paints, engineering plastics corrosion inhibitors, coatings and adhesives as well as lubricants and surfactants can explain the high demand. The market is also being driven by the strong manufacturing base of emerging economies.

The rapid industrialization of emerging economies is expected to increase the demand for adhesives and oil lubricants, as well as nylons. DDDA will be in demand due to the rising demand for coatings and paints powder coatings. The rise in construction activity around the world is also affecting product demand.

Nylon's favorable characteristics, such as flexibility, heat stability and high scratch resistance, have led to an increase in nylon demand from emerging countries like China and India. These attributes have led to increased product usage within the automotive sector.

In the next few years, dodecanedioic acids will be in high demand due to increased demand for adhesives and lubricants. The market will see a positive impact from increased research and development funding from nylon producers to invent new products over the forecast period. Nylon is also in high demand for gears and screws.

Application Insights

The resin segment represented 63.3% global dodecanedioic acids market. It is expected to dominate the market with a CAGR 6.0% by 2025. This segment has seen a rise in nylon demand from many end-use industries, including automotive. Product demand will also be driven by an expected increase in paints demand.

In the coming years, bio-based DDDA will replace a large portion of the petroleum-derived DDDA. Resin production will continue to be the main area of bio-DDDA use in the forecast period. It is expected that the U.S. and Canada will become textile hubs. This will encourage the penetration of resin production bases, which in turn will open up lucrative opportunities for dodecanedioic acids.

The powder coated segment represented 15.6% of the global market. It is expected to grow at a CAGR 6.4% over the forecast period. This is due to its features, such as flexibility to polyesters and high heat resistance. They are also solvent-free and emit negligible amounts of VOC. This makes them eco-friendly.

Powder coatings are resistant to hydrolysis because they contain DDDA. Dodecanedioic Acid will be in demand due to the growing powder industry in developing countries. This is due to increased applications in construction, automotive, and chemical industries. The overall market is also being affected by the rising demand for powder coatings in Latin America.

Nylon demand is expected to rise due to the strong manufacturing base of emerging economies like India, China, and Japan. The demand for powder coatings and resins will rise due to increased industrialization and urbanization of the developing countries in Asia Pacific.

Due to the improvement in economies around the world, dodecanedioic acids are being used more frequently, including as powder coatings and corrosion inhibitors. Market growth is being slowed by strict government regulations that limit and minimize the negative effects on the population.

Regional Insights

Asia Pacific was responsible for less than 35.0% of global market revenue. It is expected that the region will grow at a CAGR 6.1% during the forecast period, due to increased domestic consumption in countries like Japan, China, Malaysia and China. The market will also benefit from supportive regulations that encourage more investment.

North America holds a large share of the market. It is expected to grow at 6.1% CAGR through 2025, due to Mexico's emergence as an automotive manufacturing center. DDDA demand is expected to rise due to the growing demand for luxury vehicles from consumers worldwide.

Europe is projected to expand significantly over the forecast period due to increased powder coatings production in countries like Germany. Players are also looking at product development as a key opportunity on the market.

Bio-dodecanedioic acids will have lucrative opportunities in the future due to growing demand for bio adhesives. Renewable feedstock has provided DDDA producers with cost-saving opportunities and increased penetration in highly regulated markets such as North America and Europe. Nylon's heating capabilities are driving a rise in its use in high-performance thermoplastics manufacturing.

Market Share in Dodecanedioic acid

Invista, Verdezyne and BASF SE are the major players in this market. Invista, Verdezyne, BASF SE and Cathay Industrial Biotech are some of the major players in this market. This is in conjunction with a rise in demand for various applications sectors. Verdazyne from California, a manufacturer, began construction in 2017 of a new 6,000-ton per year plant in Iskandar in Malaysia.

Market Report Scope for Dodecanedioic Acid

The report covers segments

This report predicts revenue growth at both a country and regional level. It also analyzes the industry trends for each sub-segment from 2014 through 2025. Grand View Research has divided the global market for dodecanedioic acids on the basis both of application and region.

• Application Type Outlook (Volume of Kilotons; Revenues, USD Million; 2014-2025)

  • Resins

  • Powder coatings

  • Adhesives

  • Lubricants

  • Other

• Regional Outlook (Volume of Kilotons; Revenues, USD Million; 2014-2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

    • France

    • Netherlands

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

  • Middle East & Africa

These are the most frequently asked questions about this report

b. Global dodecanedioic Acid market was valued at USD 481.0 Million in 2019, and is forecast to grow to USD 509.3 Million in 2020.

b. Global dodecanedioic Acid market is expected grow at a compound annual rate of 5.9% between 2019 and 2025, reaching USD 678.4 millions by 2025.

b. With a share of 62.7%, resins dominated dodecanedioic acids market in 2019, This can be attributed to the increase in nylon demand from many end-use industries, including automotive.

b. Verdezyne and BASF SE are some of the key players in the dodecanedioic Acid market.

b. Market growth is driven by the increasing use of paints, engineering polymers, corrosion inhibitors and coatings, adhesives as well as lubricants and lubricants.

Up Market Research published a new report titled “Dodecanedioic Acid Market research report which is segmented by Application (Resin, Lubricants, Adhesives, Powder Coatings), By Players/Companies Ube, Malaysia, BASF SE, Verdezyne, Cathay, Invista, began construction of a new 6000 ton per year plant in Iskandar, UBE Industries, which in 2017, Invista The industry has been witnessing an increase in production capacities and easing supply in concurrence to rise in demand in various application sectors One such example would be of California-based manufacturer Verdazyne, Cathay Industrial Biotech, Evonik, Santa Cruz Biotechnology”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Dodecanedioic Acid Market Report Segments:

The market is segmented by Application (Resin, Lubricants, Adhesives, Powder Coatings).

Dodecanedioic Acid Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Dodecanedioic Acid Market

Overview of the regional outlook of the Dodecanedioic Acid Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Dodecanedioic Acid Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Dodecanedioic Acid Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Resin

                2. Lubricants

                3. Adhesives

                4. Powder Coatings

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Dodecanedioic Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Dodecanedioic Acid Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.