Global DodecanedioicAcid (DDDA) Market is expected to reach USD 443.3 million by
2022, according to a new study by Grand View Research, Inc. Increasing demand
for nylon 6,12 from various end-use industries including polymers, detergents
and coatings is expected to drive DDDA market growth over the forecast period.
In addition, increasing paints & coatings production is likely to fuel DDDA
demand. Development of new coating technologies for the industrial paints has
contributed to the growth of DDDA on account of its ability to resist corrosion
and provide durable flexible coatings.
 |
| Global DDDA market, by product, 2012 - 2022 (Kilo Tons) |
Penetration
of DDDA in resin applications was highest in 2014, as it is used as a key raw
material for manufacturing nylon. Increasing consumption of nylon 6,12 in
automotive, electrics & electronics and construction is likely to drive
DDDA market production. Growth of these end-use industries is anticipated to
subsequently impact market growth in resin applications over the forecast
period.
Browse full
research report on Dodecanedioic Acid Market: www.grandviewresearch.com/industry-analysis/dodecanedioic-acid-ddda-industry
Further key findings from the study suggest:
- Asia Pacific was the largest market for DDDA
accounting for over 35% of the global volume share in 2014 owing to the
presence of a robust industrial base in the region. High potential for
industrialization in the region is expected to drive demand for DDDA over
the forecast period, making it a high growth market. Discovery of shale
gas in the U.S. is expected to open new opportunities in lubricant
applicatios in North America in the near future.
- China was the largest producer and consumer of
DDDA owing to the presence of a robust polymer and paint & coatings
manufacturing base in the country. China accounted for over 25% of the
global market volume in 2014 and is expected to maintain its lion’s share
over the forecast period.
- Global DDDA demand in adhesives was 3.3 kilo
tons in 2014 and is expected to grow at a CAGR of over 5% from 2015 to
2022. Rising importance of high performance adhesives in industrial
applications has resulted in growing demand for adhesives. Growth of major
end use industries such as construction and automotive, mainly in
countries such as China, India and Brazil is expected to drive the global
adhesives and sealants market over the next six years.
- Key players present in the global lignin market
include Ube, Cathay Industrial Biotech, Verdezyne Inc., Evonik Industries
AG, Invista and Santa Cruz Biotechnology Inc. the global industry is
characterized by integration by numerous companies across various stages
of the value chain. Verdezyne has established a bio-based DDDA plant in
Malaysia and as per the company’s outlook, their plant can replace 30% of
the global synthetic market.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/renewable-chemicals
Grand View Research has segmented the global DDDA market on the basis of
application and region:
Global DDDA
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
- Resins
- Powder
coatings
- Adhesives
- Lubricants
- Others
Global DDDA
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
- North
America
- U.S.
- Europe
- Germany
- UK
- Latin
America
- Asia
Pacific
- China
- India
- MEA
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-dodecanedioic-acid-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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