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Global Dodecanedioic Acid (DDDA) Market Size 2019 In-depth Analysis by Key Application (Resins, Adhesives, Powder Coatings, Lubricants) Types, Regions, End-Use, Growth Factors, Future Trend & Forecast


Dodecanedioic Acid (DDDA) Market with CAGR 3.4% over the forecast period
Global Dodecanedioic Acid (DDDA) Market Size was USD 412.8 million in 2017 and is projected to be surpass USD 534.7 million by 2025. Asia Pacific, led by China, is estimated to dominate the demand due to high growth trends across end-user industries.

A publication on the “Global Dodecanedioic Acid (DDDA) Market Size 2017 By Application (Resins, Adhesives, Powder Coatings, Lubricants, and Others), By Region And Forecast 2018 To 2025” was revealed by Adroit Market Research today.

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.

The dodecanedioic acid (DDDA) market trends are also analyzed using Porter’s five forces analysis and PESTEL analysis. The report also covers the global dodecanedioic acid market insights such as drivers, restraints and value chain. The report also covers an in-depth analysis of the key players that hold a significant place in the global dodecanedioic acid market.

Download Free Sample Report: https://www.adroitmarketresearch.com/contacts/request-sample/633

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.

Dodecanedioic acid is manufactured by two methods, namely synthetic production in which DDDA is produced from butadiene and biotech production where biotechnology is used for converting paraffin wax into DDDA. Owing to their aforementioned properties & chemical composition, dodecanedioic acid (DDDA) is widely used for manufacturing polyurethane, polyesters and polyamide resins. But the major application which drives the demand for the global dodecanedioic acid (DDDA) market is the production of nylon 6,12. Nylon 6,12 has a large number of applications across diverse industry verticals but its major demand is from the automotive industry. It is used to produce lightweight components where it is used in underhood parts and fuel systems. Polyamide also finds a greater degree of application in electronics and packaging applications. Thus, resins are projected to maintain its dominance in the global dodecanedioic acid (DDDA) market with CAGR 3.4% over the forecast period.

Access Full Research Report On Dodecanedioic Acid (DDDA) Market: https://www.adroitmarketresearch.com/industry-reports/dodecanedioic-acid-ddda-market

The global dodecanedioic acid (DDDA) market size is projected to be fueled by increasing demand from the end-use sectors. DDDA is used in the production of several materials and chemicals that are increasingly used in industrial applications, automotive, and construction to name a few. The major demand for dodecanedioic acid comes from the production of polyamide nylon 6,12. Nylon 6,12 has a wide range of usage in the automotive industry where it is used to produce lightweight components. It also finds vast applications in electronics and packaging. Dodecanedioic acid (DDDA) is used to produce a large number of polyurethane, polyester and polyamide resins. Dodecanedioic acid (DDDA) is also used to produce powder coatings, adhesives, plasticizers, capacitor electrolytes, fiber, epoxy resins, and fragrance among several others. Increasing usage across the application segments is projected to increase the demand for global dodecanedioic acid (DDDA) market size.

Although growing demand in the end use sector is projected to propel the demand for global dodecanedioic acid (DDDA) market, the present supply-demand scenario is projected to negatively impact the market growth. The supply crisis, which started in 2017 across the globe, has led to a severe shortage of demand. However, demand from end-use industries is constantly increasing owing to which prices are increasing. This trend is likely to persist till 2021, after which the global dodecanedioic acid (DDDA) market is projected to retain its growth.

The demand for the global dodecanedioic acid market is expected to be led by Asia Pacific region over the forecast period. China is among the major producer as well as the consumer in the dodecanedioic acid (DDDA) market. Positive growth trends among the key end users of DDDA is projected to propel the global dodecanedioic acid (DDDA) market size over the forecast period. Some of the key players in the global dodecanedioic acid (DDDA) market are Invista, Verdezyne, BASF SE, UBE Industries, Zibo Guangtong Chemical Co., Ltd.

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

Make an Enquire to Buy This Report: https://www.adroitmarketresearch.com/researchreport/purchase/633

 About Adroit Market Research:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

Media Contact
Company Name: Adroit Market Research
Contact Person: Ryan Johnson
Email: Send Email
Phone: +1 (214) 884-6068
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City: Dallas
State: Texas
Country: United States
Website: https://www.adroitmarketresearch.com/industry-reports/dodecanedioic-acid-ddda-market



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