GVR Report cover Dodecanedioic Acid Market Size, Share & Trends Report

Dodecanedioic Acid Market Size, Share & Trends Analysis Report By Application (Resins, Powder Coatings, Adhesives, Lubricants), By Region (North America, Europe, Asia Pacific), And Segment Forecasts, 2023 - 2030

  • Report ID: 978-1-68038-460-4
  • Number of Report Pages: 200
  • Format: PDF, Horizon Databook

Report Overview

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.

U.S. Ddodecanedioic Acid market size and growth rate, 2023 - 2030

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.

Application Insights

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.

Regional Insights

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.

Global Ddodecanedioic Acid Market share and size, 2022

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.

Key Companies & Market Share Insights

The global market is fragmented with the presence of numerous global and regional players. Some prominent players in the global dodecanedioic acid market include:

  • Invista

  • Verdezyne

  • BASF SE

  • Cathay Industrial Biotech

  • UBE Industries

  • Santa Cruz Biotechnology

  • Cathay

  • Evonik

  • Ube

Dodecanedioic Acid Market Report Scope

Report Attribute

Details

Market size value in 2023

USD 517.0 million

Revenue forecast in 2030

USD 729.9 million

Growth Rate

CAGR of 4.9% from 2023 to 2030

Base year for estimation

2022

Historical data

2018 - 2021

Forecast period

2023 - 2030

Quantitative units

Revenue in USD million, volume in kilotons and CAGR from 2023 to 2030

Report coverage

Volume & revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

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

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Global Dodecanedioic Acid Market Report Segmentation

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:

Global Ddodecanedioic Acid Market Report Segmentation

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

    • Resins

    • Powder Coating

    • Adhesives

    • Lubricants

    • Others

  • Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

      • France

      • Netherlands

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

      • Brazil

    • Middle East & Africa

Frequently Asked Questions About This Report

gvr icn

GET A FREE SAMPLE

gvr icn

This FREE sample includes data points, ranging from trend analyses to estimates and forecasts. See for yourself.

gvr icn

NEED A CUSTOM REPORT?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities. Contact us now

Certified Icon

We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.