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Showing posts with the label Dodecanedioic Acid Industry

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