Search Market Research Report

Discover Our Latest Reports
Discover Our Featured Reports
Discover Top Selling Reports

Dodecanedioic Acid (DDDA) Market Size, Share Global Analysis Report, 2022–2028

report img

Dodecanedioic Acid (DDDA) Market By Applications (Adhesives, Powder Coatings, Resins, Lubricants, and Others) and By Region-Global and Regional Market Overview, Market Intelligence, Comprehensive Research, Historical Data, and Forecast 2022–2028

Industry Insights

[217+ Pages Report] According to Facts and Factors, the global dodecanedioic acid (DDDA) market is expected to increase at a compound annual growth rate (CAGR) of 6.8% during the projection period between 2022 and 2028. The valuation for the global dodecanedioic acid (DDDA) market was USD 0.82 billion in 2021 and it is expected to cross USD 1.27 billion, by 2028. The report explores various factors and their implications on the dodecanedioic acid (DDDA) market’s growth.

logoDodecanedioic Acid (DDDA)Market: Overview

Dodecanedioic acid is a dodecane-derived alpha, omega-dicarboxylic acid in which the substituents have been reduced to the appropriate carboxylic acids. It acts as an EC 1.1.1.1 (alcohol dehydrogenase) antagonist as well as a human metabolite. It is a lipid and an alpha-omega-dicarboxylic acid. It is a dodecanedioate conjugate acid (2- ). It is derived from dodecane hydride.

Dodecanedioic acid is mostly used in high-quality powder coatings & adhesives, paints, pulp and paper, industrial & chemical facilities, surfactants, and antiseptics.

DDDA is used in the production of engineering plastics such as polyamide resins, which is a highly efficient nylon 6-12, fibers, adhesives, diester synthetic lubricants, curatives, polyester coatings, plasticizers, and epoxy resins when combined with Amine.

DDDA is notably effective as a ferrous mixed-type inhibitor in metalworking fluids, motor coolants, metal cleaners, and aqueous hydraulic fluids when mixed with other dibasic acids. DDDA can also be employed as a complexing agent in lithium complex grease, increasing the dropping point and improving mechanical stability.

Dodecanedioic Acid (DDDA) Market

To know more about this report | Request Free Sample Copy

logoCOVID-19 Impact:

The COVID-19 pandemic has harmed businesses such as gas & oil, metallurgy, and packing. However, the impact on the materials business is predicted to be mixed. The volatility of raw material costs is posing a challenge to the growth of the global dodecanedioic acid (DDDA) market. However, market growth for nylon goods in APAC, particularly in India and China, is likely to propel market expansion at a rapid pace over the forecast period.

logo Growth Drivers

  • Nylon's widespread use generates revenue streams for market participants

The global dodecanedioic acid (DDDA) market is driven primarily by its use in the production of high-performance nylon. The market growth for nylon 6, 12 as a result of the expansion of the paint and coating business is thought to be the primary driver driving the industry's growth. This high-performance nylon is frequently used in the production of thermoplastics, which have a diverse range of applications, including greases, polyesters, detergents, perfumes, coatings, and adhesives. Because of the scale of the dodecanedioic acid (DDDA) market, these items are growing in the end-user industry sectors. Furthermore, nylon 6 and 12 have value-added qualities such as flexibility, scratch resistance, heat stability, and exceptional corrosion resistance, making them ideal for automotive applications. Furthermore, because of its characteristics, it is employed in the production of ropes and fabrics.

logoIncrease in dodecanedioic acid applications to increase the market’s growth

The construction industry's growth indicators are examined in order to increase the total dodecanedioic acid (DDDA) market size. The expanding building industry will significantly increase product demand for paints and coatings. Because of its acceptable solubility in solvents such as water, acetone, and benzene, the substance is recommended in paint and coating applications. Over the predicted timeframe, total building expenditure is expected to exceed USD 13 trillion. Paints and coatings are mostly used in the construction industry to improve steel and metal durability by offering corrosion resistance. It also contributes to the structure's aesthetic look. 

logoDodecanedioic Acid (DDDA)Market: Restraints

Stringent environmental regulations drive and regulate the global dodecanedioic acid (DDDA) market size toward VOC emissions. This could stifle total business expansion over the forecasted term. Furthermore, the product faces significant substitute threats from adipic acid and sebacic acid, both of which can be employed in the manufacturing of nylon.

logoDodecanedioic Acid (DDDA)Market: Opportunities

The need for lubricants, adhesives, and nylons is expected to rise as emerging economies become more industrialized. Demand for DDDA is predicted to rise as the need for coatings and adhesives rises, particularly for powder coatings. Product demand is being affected by construction activity all over the world. The benefits of nylon in the automotive industry, such as flexibility, heat resistance, and high resistance to abrasion, have contributed to a growth in nylon consumption in developing countries such as India and China. As a result of these features, product performance in the automobile sector has increased. The increased demand for adhesives and lubricants will drive up the price of dodecanedioic acid in the future. Increasing nylon producers' R&D funding for innovative products is predicted to have a positive impact.

This chemical is used to make construction materials, paints, adhesives, coatings, corrosion inhibitors, lubricants, and surfactants. Furthermore, the development of a strong manufacturing economy in emerging economies is also propelling the global dodecanedioic acid (DDDA) market. As a result of increased industrialization, emerging nations are expected to have a greater demand for adhesives, lubricants, and nylons. The need for DDDA is expected to rise as demand for coatings and paints rises, particularly for powder coatings. Efficient construction operations around the world often influence consumer demand.

The automotive industry's need for nylon's advantageous features like heat tolerance, durability, and superior scratch resistance has increased its usage in developing countries such as India and China. Bio-dodecanedioic acid is expected to be profitable in the future due to the increasing demand for bio-adhesives. Renewable feedstock has enabled DDDA companies to reduce costs and increase market share in heavily regulated markets like Europe and North America. Nylon is rapidly being employed in the production of elevated thermoplastic materials in the global dodecanedioic acid (DDDA) market because of its heating capabilities.

logoSegmentation Analysis

The global dodecanedioic acid (DDDA) market is segregated on the basis of applications and regions.

By applications, the market is divided into adhesives, powder coatings, resins, lubricants, and others. The resins category held the biggest market share in the global market for dodecanedioic acid and is likely to lead the market at a considerable CAGR during the forecast period. Nylon demand from a variety of end-use industries, especially the auto sector, is predicted to increase in this segment of implementation. Furthermore, demand from the paint industry is expected to increase. Nylon consumption will rise in tandem with the growth of the market for industrial paints and powder coatings in growing economies such as India, Japan, and China. Industrialization and urbanization in developing countries in the Asia Pacific region are predicted to create a market for resins and powder coatings.

logoReport Scope

Report Attribute

Details

Market Size in 2021

USD 0.82 Billion

Projected Market Size in 2028

USD 1.27 Billion

CAGR Growth Rate

6.8% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

UBE INDUSTRIES, LTD, Toronto Research Chemicals, Shandong Guangtong New Materials Co., Ltd., Zibo Guangtong Chemical Co., Ltd., Santa Cruz Biotechnology, Inc., shijiazhuang yihe-chem co.,ltd, Evergreensino Chemical Co., Ltd., Palmary Chemical, Shijiazhuang Dongao Chemical Technology Co., Ltd, Haihang Industry, Tokyo Chemical Industry Co., Ltd., Evonik Industries AG, ZHEJIANG BOADGE CHEMICAL CO., LTD., and Cathay Biotech Inc.

Key Segment

By Applications, and By Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

Request customized purchase options to meet your research needs. Explore purchase options

logoRegional Landscape

Asia Pacific accounts are expected to grow at the fastest CAGR throughout the forecast period because national consumption has expanded in economies like Malaysia, China, and Japan. Furthermore, the positive impact on the market is anticipated by supporting legislation to attract further investment. 

North America also retains a substantial market share, which is expected to expand at a high CAGR by the time Mexico appears as an automotive manufacturer in 2025. Furthermore, the region's DDDA market should be driven by the expanding global market for consumer luxury automobiles. Polyamides are in high demand in this business. Canada and the United States are the largest customers in North America. The rest of the international dodecanedioic acid market is expected to increase steadily in the future. Demand for DDDA is predicted to rise in the next few years due to the rising demand for nylon goods from various end-user applications in North Africa, the Middle East, and Latin America.

Europe is expected to grow significantly over the projected period, owing to increased powder coating production in countries such as Germany. Furthermore, businesses see the market trend as having significant market potential. Strong growth in bio-adhesives is expected to make bio-dodecanedioic acid viable in the future. Renewable feedstock has provided DGDA manufacturers with the chance to reduce costs and boost their market penetration in highly restricted regions such as Europe and North America. Because of its high heating capacity, nylon is increasingly being used in the production of HPP.

logoRecent Developments

  • April 2021: 3M unveiled a novel silicone adhesive to enhance medical equipment for people with sensitive skin. The introduction of the new product has assisted the corporation in expanding its adhesives line.
  • April 2019: 3M introduced elongated surgical transfer adhesives as part of an expansion of their medical device adhesive line. The introduction has aided the company in increasing its market footprint.

logoCompetitive Landscape

Some of the main competitors dominating the global dodecanedioic acid (DDDA) market are :

  • UBE INDUSTRIES LTD
  • Toronto Research Chemicals
  • Shandong Guangtong New Materials Co.Ltd.
  • Zibo Guangtong Chemical Co.Ltd.
  • Santa Cruz Biotechnology Inc.
  • shijiazhuang yihe-chem co.ltd
  • Evergreensino Chemical Co.Ltd.
  • Palmary Chemical
  • Shijiazhuang Dongao Chemical Technology Co.Ltd
  • Haihang Industry
  • Tokyo Chemical Industry Co.Ltd.
  • Evonik Industries AG
  • ZHEJIANG BOADGE CHEMICAL CO.LTD.
  • Cathay Biotech Inc.

The global dodecanedioic acid (DDDA) market is segmented as follows:

logoBy Applications Segment Analysis

  • Adhesives
  • Powder Coatings
  • Resins
  • Lubricants
  • Others

logoBy Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic countries
      • Denmark
      • Finland
      • Iceland
      • Sweden
      • Norway
    • Benelux Reunion
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • New Zealand
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Southeast Asia
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Kuwait
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

Industry Major Market Players

  • UBE INDUSTRIES LTD
  • Toronto Research Chemicals
  • Shandong Guangtong New Materials Co.Ltd.
  • Zibo Guangtong Chemical Co.Ltd.
  • Santa Cruz Biotechnology Inc.
  • shijiazhuang yihe-chem co.ltd
  • Evergreensino Chemical Co.Ltd.
  • Palmary Chemical
  • Shijiazhuang Dongao Chemical Technology Co.Ltd
  • Haihang Industry
  • Tokyo Chemical Industry Co.Ltd.
  • Evonik Industries AG
  • ZHEJIANG BOADGE CHEMICAL CO.LTD.
  • Cathay Biotech Inc.