Dodecanedioic Acid Market, By Use Case (Resins, Powder coatings, Adhesives, Lubricants, Others), By Region - Global Analysis Forecast Till 2030

The Dodecanedioic acid market is predicted to reach USD 1.1 Billion, with a CAGR of 8.4% within the forecast period (2022 to 2030).

Dodecanedioic acid (DDDA) is a dodecane-derived alpha, omega-dicarboxylic acid in which the methyl groups have oxidized to the corresponding carboxylic acids. C12 dibasic acid/dicarboxylic acid is DDDA. In terms of physical appearance, it is a white solid with a flaky form. The compound has a melting point of 128° C at room temperature and is insoluble in water.

However, as the temperature rises, solubility rises rapidly. Dodecanedioic acid has a three-year shelf life, depending on the storage method. DDDA is a dicarboxylic primarily used in antiseptics, high-quality coatings, painting materials, corrosion inhibitors, surfactants, and engineering plastics like nylon 6/12.

Market Dynamics

Drivers:

Dodecanedioic acid use in nylon materials is increasing, as is the automotive industry. The most common resins are nylon 6, nylon 6/6, and nylon 6/12, all of which are made from dodecanedioic acid. Furthermore, dodecanedioic acid is used to manufacture engineering plastics such as polyamide resins and nylon 6-12. It is combined with hexamethylenediamine to form nylon 6/12 which is used in automotive parts. Dodecanedioic acid is also used in fuel and brake lines, adhesives, pulp and paper, chemical and industrial plants, and surfactants.

Dodecanedioic acid is primarily found in hydraulic liquids used in automotive suspension, lubricants in motor oil, and brake fluids. The global dodecanedioic acid market is being driven by increased demand for dodecanedioic acid in producing nylon materials, engineering plastics, and other applications.

Restraints:

Dodecanedioic acid's negative effects include eye irritation, respiratory system damage, and skin irritation. When certain people come into contact with DDDA, it can cause skin inflammation. Skin contact is not considered harmful to health; however, the chemical may cause health problems if it enters the body through wounds, lesions, or abrasions.

If excessive chemical concentrations are inhaled, people with impaired respiratory function, airway diseases, and conditions such as emphysema or chronic bronchitis may suffer a further disability. As a result, the hazardous effects of dodecanedioic acid on humans are expected to impede the growth of the global dodecanedioic acid market over the forecast period.

Key players:

• Verdezyne,

• BASF SE,

• Cathay Industrial Biotech,

• UBE Industries,

• Santa Cruz Biotechnology,

• Cathay,

• Evonik,

• Ube,

• Invista.

Market Segmentation:

By Application:

• Resins

• Powder coatings

• Adhesives

• Lubricants

• Others

By Region:

• North America

• Latin America

• Europe

• Asia Pacific

• Middle East & Africa

Regional Analysis:

Asia Pacific accounts for just under XX% of the global dodecanedioic acid market and is expected to grow at a CAGR of XX% over the forecasted period due to rising domestic consumption in economies such as China, Malaysia, and Japan. Furthermore, supportive regulations to attract more investors are expected to benefit the market.

North America has the Largest market share and is predicted to grow at a CAGR of XX% through 2030 because of Mexico's emergence as an automotive manufacturing hub. Furthermore, rising consumer demand for luxury vehicles on a global scale is expected to drive Dodecanedioic Acid Market demand in the region.

Europe is expected to grow significantly over the forecast period due to increased powder coatings production in economies such as Germany. Furthermore, players see product development as a key market opportunity.

Bio-dodecanedioic acid is expected to benefit from rising demand for bio-adhesives in the future. Renewable feedstock has provided DDDA producers with cost-cutting opportunities and increased penetration in highly regulated markets such as North America and Europe. Because of its heating properties, nylon is increasingly used to produce high-performance thermoplastics.

Scope of the Report:

User

Tab Content