The new report by Expert Market Research titled, ‘Global Dodecanedioic Acid Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global dodecanedioic acid market, assessing the market based on its segments like applications, manufacturing process and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/dodecanedioic-acid-market/requestsample
The key highlights of the report include:
Market Overview (2016-2026)
• Historical Market Size (2020): 70.5 Kilo Tons
• Forecast CAGR (2021-2026): 5.8%
• Forecast Market Size (2026): 99 Kilo Tons
The expansion of the dodecanedioic acid market is mostly owing to increasing demand and various industrial applications. The widespread use of dodecanedioic acid (DDDA) in paints, engineering plastics, corrosion inhibitors, coatings, adhesives, lubricants, and surfactants has increased demand for the chemical. The chemical DDDA is used to make corrosion inhibitors, which are widely utilised in water treatment, chemical, pulp and paper, and other industrial facilities. The widespread use of dodecanedioic acid (DDDA) in paints, engineering plastics, corrosion inhibitors, coatings, adhesives, lubricants, and surfactants has increased demand for the chemical. Additionally, the industry is being propelled by the presence of a strong industrial base in emerging economies. The market is expanding due to rising demand for plastic resin, manufacturing resin, and paints & coatings. The growth in various industrial vectors is most likely to propel the market growth of the chemical during the forecast period.
Industry Definition and Major Segments
Dodecanedioic acid (DDDA) is a dicarboxylic acid that is employed for the production for antiseptics, high-grade coatings, painting materials, corrosion inhibitors, surfactants, and engineering polymers. Corrosion inhibitors are made from DDDA and are utilised in chemicals, water treatment, pulp and paper, and other industrial facilities. It’s also employed in the powder coating manufacturing process. Polyester, particularly epoxy resins and polyamide, is one of the most common uses for DDDA. Dodecanedioic acid is a dodecane-derived alpha, omega-dicarboxylic acid that oxidises methyl groups to carboxylic acids. It’s made up of dodecane hydride.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/dodecanedioic-acid-market
By application, the market is divided into:
• Resins
• Powder Coatings
• Adhesives
• Lubricants
• Others
By region, the industry is categorised into:
• North America
• Europe
• The Asia Pacific
• Latin America
• The Middle East and Africa
Market Trends
As emerging countries become more industrialised, the need for adhesives, lubricants, and nylons is likely to rise. DDDA demand is expected to rise as demand for paints and coatings, particularly powder coatings, grows. Construction activity is on the rise all around the world, which is having an impact on product demand. The advantages of nylon in the vehicle sector, including flexibility, thermal stability, and high scratch resistance, have contributed to an increase in nylon demand from developing countries like China and India. These features have resulted in increased product usage in the automotive industry. In the coming years, the rising need for lubricants and adhesives will fuel demand for dodecanedioic acid. Increasing nylon producers’ research & development funding for product innovation is expected to have a favourable impact on the market throughout the forecast period. Nylon is in high demand due to increased demand for screws, gears, and fabrics. These factors are expected to propel the market further during the forecast period.
Paints, construction materials, corrosion inhibitors, adhesives, lubricants, coatings, and surfactants are all made with this substance. Furthermore, the growth of a strong industrial base in emerging nations is driving the dodecanedioic acid market. Emerging economies are predicted to have a higher need for lubricants, adhesives, and nylons as a result of increasing industrialisation. The need for DDDA is predicted to increase as the demand for paints and coatings grows, particularly in powder coatings. Consumer demand is typically influenced by improving construction activities around the world. The necessity for nylon’s favourable properties such as durability, heat tolerance, and excellent scratch resistance in the automobile industry has resulted in increased demand from growing nations such as China and India. The rising need for bio-adhesives is projected to provide profitable prospects for bio-dodecanedioic acid in the future. Renewable feedstock has allowed DDDA companies to lower costs and expand their market share in highly regulated regions such as North America and Europe. Because of its heating properties, nylon is increasingly being used in the creation of high-performance thermoplastics in the dodecanedioic acid sector.
Key Market Players
The major players in the market are Koch Industries, Inc., BASF SE (OTCMKTS: BASFY), Ube Industries, Ltd. , Zibo Guangtong Chemical Co., Ltd., Evonik Industries AG, Cathay Industrial Biotech Ltd., among Others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Related Reports:
Europe Composites Market: https://www.expertmarketresearch.com/reports/europe-composites-market
Europe CNC Machine Market: https://www.expertmarketresearch.com/reports/europe-cnc-machine-market
Europe 900 Series Cooking Equipment Market: https://www.expertmarketresearch.com/reports/europe-900-series-cooking-equipment-market
Global E-Prescribing Market: https://www.expertmarketresearch.com/reports/e-prescribing-market
Global Epidermal Growth Factor Receptor (EGFR) Inhibitors Market: https://www.expertmarketresearch.com/reports/epidermal-growth-factor-receptor-inhibitors-market
Global Aerosol Propellants Market: https://www.expertmarketresearch.com/reports/aerosol-propellants-market
Global Activated Alumina Market: https://www.expertmarketresearch.com/reports/activated-alumina-market
Global Acoustic Camera Market: https://www.expertmarketresearch.com/reports/acoustic-camera-market
Global 3D Scanning Market: https://www.expertmarketresearch.com/reports/3d-scanning-market
Global 3D Projector Market: https://www.expertmarketresearch.com/reports/3d-projector-market
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
To get more insights on the topic, click here: https://expertmarketresearch-emr.blogspot.com/
Also, Check Procurement Intelligence which provides you Infallible research solutions.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
Content Source @https://takeitcool.com/global-dodecanedioic-acid-market-size-share-key-players-demand-growth-analysis-research-report/
Media Contact
Company Name: Expert Market Research
Contact Person: Matt Johnson
Email: Send Email
Phone: +1-415-325-5166
Address:30 North Gould Street
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com/