The global dodecanedioic acid market size was valued at USD 496.0 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 4.9% from 2023 to 2030. The growth is attributed to the extensive use of the product in the production of paints, engineering plastics, corrosion inhibitors, coatings, adhesives, lubricants, and surfactants. Moreover, the presence of a robust manufacturing base in emerging economies is propelling the market. Speedy industrialization in emerging economies is anticipated to augment the demand for adhesives, lubricants, and nylons. Rise in demand for paints and coatings, especially in powder coatings is expected to stimulate the demand for dodecanedioic acid (DDDA), thereby driving the market. Growing construction industry is also simultaneously affecting product demand.
Increase in demand for nylon from emerging economies, such as China and India due to innovative features like flexibility, heat stability, and high scratch resistance in the automotive sector is affecting market growth. Such high demand from the automotive segment is expected to propel the demand for DDDA in the forthcoming years.
Rise in demand for lubricants and adhesives will ultimately drive the demand for DDDA in the future. Increasing research and development funding by nylon producers for product innovation is predicted to impact positively to DDDA market in the forthcoming years. High demand for screws, gears, and fabrics is also increasing the use of nylon.
Resins segment dominated the DDDA market with the highest revenue share with more than 60% in 2022. This is attributed to the increase in demand for nylon from various end-use industries, especially automotive. Furthermore, an increase in demand from the paints industry is also expected to propel the product demand.
Bio-based DDDA is predicted to replace a significant part of petroleum-derived DDDA in the forthcoming years. Nonetheless, resin production is expected to remain the main application area for bio-DDDA in the forecast period. Emergence of the U.S. and Canada as a textile hub is anticipated spur the penetration of production bases for resins, which will ultimately open lucrative opportunities for DDDA.
Powder coatings segment is expected to grow at the fastest CAGR due to its characteristics, such as the offering of flexibility to polyesters and excellent heat resistance. Moreover, they are solvent free and produce negligible emissions of VOC, which makes it eco-friendly in nature.
Owing to the presence of DDDA, powder coatings are hydrolytic resistant. Growing powder sector in developing economies due to increasing applications in the automotive, construction, and chemical industry is expected to augment the demand for DDDA. Rise in demand for powder costings from Latin America is also affecting the overall market.
Robust manufacturing base in emerging economies, such as Japan, China, and India coupled with a rise in demand for powder coatings and industrial paints is expected to drive the demand for nylon. Increasing industrialization and urbanization in developing nations of Asia Pacific is predicted to augment the demand for resins and powder coatings.
Rising applications of DDDA, such as powder coatings, corrosion inhibitors, paints, adhesives and surfactants, lubricants, is growing considerably due to improving growing economies in the region. Strict government regulations to control and reduce harmful effects on the human population is restraining market growth.
Asia Pacific region dominated the dodecanedioic acid (DDDA) market with more than 30% of the total revenue share in 2022. This is attributed to the increasing domestic consumption by economies, such as China, Malaysia, and Japan. Furthermore, supportive regulations, to attract more investments is expected to have a positive impact on the market.
Europe is also expected to grow significantly in the forecast period owing to the growing manufacture of powder coatings production in economies like Germany is predicted to boost the DDDA market. However, market players are eyeing developments in the acid which is an opportunity for the market.
Growing demand for bio-adhesives is predicted to offer lucrative opportunities for the bio-DDDA market in the future. Renewable feedstock has offered DDDA producers cost-reduction opportunities and enhanced penetration in a heavily regulated markets like North America and Europe. Increasing use of nylon in the manufacture of high-performance thermoplastics due to its heating abilities is trending in the market.
The global market is fragmented with the presence of numerous global and regional players. Some prominent players in the global dodecanedioic acid market include:
Cathay Industrial Biotech
Santa Cruz Biotechnology
Market size value in 2023
USD 517.0 million
Revenue forecast in 2030
USD 729.9 million
CAGR of 4.9% from 2023 to 2030
Base year for estimation
2018 - 2021
2023 - 2030
Revenue in USD million, volume in kilotons and CAGR from 2023 to 2030
Volume & revenue forecast, company ranking, competitive landscape, growth factors, and trends
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa
U.S.; Canada; Germany; U.K.; France; Netherlands; Brazil; China; India; Japan
Key companies profiled
Invista; Verdezyne; BASF SE; Cathay Industrial Biotech; UBE Industries; Santa Cruz Biotechnology; Cathay; Evonik; Ube
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This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global dodecanedioic acid market report based on application and region:
Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Central & South America
Middle East & Africa
b. The global dodecanedioic acid market size was estimated at USD 496.0 million in 2022 and is expected to reach USD 517.0 million in 2023.
b. The global dodecanedioic acid market is expected to grow at a compound annual growth rate of 4.9% from 2023 to 2030 to reach USD 729.9 million by 2030.
b. Resins dominated the dodecanedioic acid market with a share of 63.3 % in 2022. This is attributable to increase in demand for nylon from various end-use industries, especially automotive.
b. Some key players operating in the dodecanedioic acid market include Verdezyne, BASF SE, Cathay Industrial Biotech, UBE Industries, Santa Cruz Biotechnology, Cathay, Evonik, Ube, and Invista.
b. Key factors that are driving the market growth include increasing usage in the production of paints, engineering plastics, corrosion inhibitors, coatings, adhesives, lubricants, and surfactants.
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