Dodecanedioic Acid (DDDA) Market Overview, Product Capacity, Production, Value, Consumption, Application, Regional Growth Challenges and New Opportunities Forecast 2025
The Global Dodecanedioic Acid (DDDA) Market Size was estimated at USD 412.8 million in 2017. Dodecanedioic acid is a key component for manufacturing of several materials, primarily nylon 6,12.
Dallas, United State – January 14, 2019 /MarketersMedia/ —
The Global Dodecanedioic (DDDA) Acid Market Size is estimated to be worth USD 534.7 million by 2025. The global dodecanedioic (DDDA) acid market is expected show slow-paced growth for next few years. However, the market is expected to regain its momentum after 2021.
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Dodecanedioic acid is the main constituent for the production of various materials, especially nylon 612. Dodecanedioic acid is used as the raw materials in the manufacturing of plasticizers, corrosion inhibitors, powder coatings and polyamide resins. Nylon 612 is largely used for producing thermoplastics has wide demand as they have applications in various industries as a form of detergents, coatings, fragrances and greases among others. Therefore, growth in the applications of dodecanedioic acid related to the increasing demand for the good performance of nylon 612 is anticipated to boost the demand for the dodecanedioic acid market during the forecast period.
The global DDDA industry is regulated by strict environmental regulations for the VOC emissions that may hinder the overall growth of the dodecanedioic acid market in the coming future. Moreover, the product looks for the rigid threats from the adipic acid and sebacic acid as they can be used in the production of nylon. On the other hand, the appearance of the biological-based DDDA market share that will generate various new opportunities for the growth of the participants involved in the global dodecanedioic acid industry. The biological-based market consists of the eco-friendly feedstock involving fatty acid distillates, fatty acids, palm oil, plant oil and palm kernel oil.
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Dodecanedioic acid market was mainly determined by polyamides market. DDDA is mostly used in diester synthetic lubricants, fibers, and polyester coatings among others. DDDA is used in the fertilizers, dyestuffs, flame retardants, fragrances, flavors and cleaning agents. Spending in the biodegradable DDDA is the main opportunity for the growth of the global dodecanedioic acid market. A U.S based company named Verdezyne Inc. has announced to start a new dodecanedioic acid plant in Malaysia, where they will use lauric acid in the form of chemical feedstock to produce DDDA. Though, various environmental issues can be the main restriction for the growth of the global dodecanedioic acid market in the coming future.
Increase in demand across the end-user industry is developing the demand for DDDA, shortage in nylon supply is anticipated to be the main obstruction in the dodecanedioic acid market growth. The crisis of supply that started in 2017 with storm Harvey ruthlessly impacted the production plant of INVISTA’s in the U.S, surveyed by the outages of production in Europe has harmfully affected the production of dodecanedioic acid. Significances of these reasons are developing the partnership, reducing investments and increasing the prices. Although, global dodecanedioic acid market size is estimated to increase their momentum over the forecast period.
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The global dodecanedioic acid market is segmented into applications and regions. In considering the application, the market is divided into lubricants, adhesives, powder coatings, resins and many more.
Geographically, regions involved in the global dodecanedioic acid market analysis are Europe, North America, Latin America, Asia Pacific, and Middle East & Africa. The Asia Pacific is dominating the dodecanedioic acid market demand due to the increase in the trends of growth amongst the end-use industries. Europe and North America are expected to experience steady growth in the coming future.
Key players involved in increasing the dodecanedioic acid market share are Verdezyne, UBE Industries, Invista, BASF SE and more.
Key segments of the global dodecanedioic acid (DDDA) market
Application Overview, 2015-2025 (USD Million) (Kilo Tons)
• Resins
• Powder coatings
• Adhesives
• Lubricants
• Others
Regional Overview, 2015-2025 (USD Million) (Kilo Tons)
• North America
• U.S.
• Rest of North America
• Europe
• Germany
• UK
• Rest of Europe
• Asia Pacific
• China
• India
• Rest of Asia Pacific
• Latin America
• Middle East & Africa
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