The growth of the dodecadioic acid market is accelerating with the increase

Wilmington, Delaware, United States, March 14, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The global dodecadioic acid market It is likely to register a CAGR of 7.2% between 2021 and 2031. Dodecanedioic acid, or DDDA, is used in the manufacture of various resins such as aromatic hydrocarbon resins, epoxy resins, specialty resins, lattices , unsaturated polyester resins, epoxy resins, acrylates. , phenolic resins and other special intermediate products. These resins are further used in different industries for various purposes. Increasing need for synthetic production of dodecadioic acid in various applications such as engineering plastics and nylon is expected to help the market expansion.

Dodecanedioic acid can also be produced by a chemical process called cyclotrimerization, using butadiene. In this process, butadiene can be changed to cyclododecatriene by the process of cyclotrimerization and subsequently converted to dodecadioic acid.

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Currently, the production process of dodecadioic acid with the help of yeast is gaining significant popularity among the chemical industries. Hence, increasing demand for biotechnological production of dodecanedioic acid is anticipated to create new business opportunities for the market during the forecast period.

Main conclusions of the study

• Application increase: Dodecanedioic acid is used in the production of polyester coatings, paints, high performance nylon 6-12, epoxy resins, plasticizers, when combined with amine. It is also used in high-quality adhesives, paints, antiseptics, surfactants, industrial installations, pulp and paper, powder coatings and others. Furthermore, high demand for dodecadioic acid for the production of engineering plastics such as fibers, synthetic diester lubricants, and curatives is anticipated to boost the global dodecadioic acid market development during the forecast period .
• Extensive use of engineering plastics in multiple end-user industries: Increasing longevity and performance of plastic, especially in the construction and engineering sector, is expected to increase demand for engineered plastics such as nylon. They offer high toughness at low temperature and high strength and stiffness at high temperatures, together with good welding behavior and high fatigue resistance. Hence, increasing application of engineering plastics in various end-user industries is expected to aid the market growth during the forecast period.

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Key Controllers

• Increasing demand for paints is expected to drive the growth of the market
• Increasing use of engineering plastic in construction and transportation industries is expected to promote industry growth
• The increasing use of dodecadioic acid in the manufacture of nylon material, pulp and paper, adhesives, and other chemicals and materials is expected to drive the development of the market during the forecast period.

Dynamics of regional growth

• Asia Pacific is likely to account for the dominant share of the dodecanedioic acid market during the forecast period. This is due to increased demand for nylon and paints from various end-user industries. Rising construction activities and increasing need for paints and coatings also drive the need for dodecadioic acid, which in turn is estimated to contribute to the region’s dominant revenue share during the period forecast
• The European dodecanedioic acid market is expected to expand at a significant growth rate during the forecast period due to increasing demand for engineering plastics, nylon, paints, and others. Dodecanedioic acid is also used in the production of chemicals such as polyester, which is further used in the production of cosmetics, lubricants, fragrances, coatings, toothbrushes and other products. Hence, increasing demand for the above-mentioned products is expected to significantly boost the European market during the forecast period.

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Key players

Prominent players operating in the global dodecanedioic acid market include Shijiazhuang Dongao Chemical Technology Co.Ltd., Zibo Guangtong Chemical Co.Ltd., Palmary Chemical, Toronto Research Chemicals, ZHEJIANG BOADGE Chemcial Co.Ltd., Shijiazhuang Yihe -Chem Co. Ltd. , Tokyo Chemical Industry Co.Ltd., Evergreensino Chemical Co.Ltd., Shandong Guangtong New Materials Co.Ltd., Cathay Biotech Inc., UBE Industries Ltd., Haihang Industry, Santa Cruz Biotechnology Inc. and Evonik Industries AG.

Dodecanedioic Acid Market Segmentation

Production process

• Synthetic production
• Dosing technique for biotechnological production

application

• Antiseptics
• nylon
• stickers
• Painting materials
• Corrosion inhibitors
• Lubricants for automobiles
• surfactants
• Plastic Engineering
• Other (including powder coatings and varnishes)

Regions

• North America
• europe
• Asia Pacific
• Middle East and Africa
• South America

Countries

• WE
• canada
• Germany
• UK
• France
• Italy
• Spain
• Russia and CIS
• Japan
• china
• India
• ASEAN
• brazil
• Mexico
• GCC countries
• South Africa

About transparency market research

Transparency Market Research, a global market research firm registered in Wilmington, Delaware, USA, provides customized research and consulting services. The company analyzes the factors that shape the dynamics of demand in various markets. Market insights and perspectives assess opportunities in various segments. Segment opportunities are analyzed based on source, application, demographics, sales channel, and end-use, which will determine the growth of the markets over the next decade.

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