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Dodecanedioic Acid Market – Identify Opportunities and Challenges 2022

Increasing demand for nylon 6,12 from various end-use industries including polymers, detergents and coatings is expected to drive DDDA market growth over the forecast period. In addition, increasing paints & coatings production is likely to fuel DDDA demand. Development of new coating technologies for the industrial paints has contributed to the growth of DDDA on account of its ability to resist corrosion and provide durable flexible coatings.

Global Dodecanedioic Acid (DDDA) Market is expected to reach USD 443.3 million by 2022, according to a new study by Grand View Research, Inc.


Penetration of DDDA in resin applications was highest in 2014, as it is used as a key raw material for manufacturing nylon. Increasing consumption of nylon 6,12 in automotive, electrics & electronics and construction is likely to drive DDDA market production. Growth of these end-use industries is anticipated to subsequently impact market growth in resin applications over the forecast period.

Asia Pacific was the largest market for DDDA accounting for over 35% of the global volume share in 2014 owing to the presence of a robust industrial base in the region. High potential for industrialization in the region is expected to drive demand for DDDA over the forecast period, making it a high growth market. Discovery of shale gas in the U.S. is expected to open new opportunities in lubricant applicatios in North America in the near future.

China was the largest producer and consumer of DDDA owing to the presence of a robust polymer and paint & coatings manufacturing base in the country. China accounted for over 25% of the global market volume in 2014 and is expected to maintain its lion’s share over the forecast period.

To Know More About Dodecanedioic Acid Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/dodecanedioic-acid-ddda-industry 

Top Players of Dodecanedioic Acid (DDDA) Market:

Key players present in the global lignin market include Ube, Cathay Industrial Biotech, Verdezyne Inc., Evonik Industries AG, Invista and Santa Cruz Biotechnology Inc.

Market Segmentation of Dodecanedioic Acid (DDDA) Market:

The Global Dodecanedioic Acid Market segmented on the basis of Application and Region.

By Application of

Resins
Powder coatings
Adhesives
Lubricants

By Region:

North America
Europe
Latin America
Asia Pacific
MEA

Inquire about Dodecanedioic Acid Market with Our Experts @ https://www.grandviewresearch.com/inquiry/135/ibb 
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