Global Dodecanedioic Acid Market, By Process (Chemical Process and Biological Process), Raw Materials (Butadiene, Paraffin Wax and Others), Purity (Purity 99%, Purity 98% and Others), Application (Resin, Powder Coatings, Adhesives, Lubricants and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Dodecanedioic Acid Market
The dodecanedioic acid market is expected to witness market growth at a rate of 5.55% in the forecast period of 2021 to 2028. Data Bridge Market Research report on dodecanedioic acid market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications is escalating the growth of dodecanedioic acid market.
Dodecanedioic acid, also called DDDA, refers to a dicarboxylic acid that is utilized in top-grade antiseptics, surfactant, antiseptics, painting materials, corrosion inhibitor, and engineering polymers including nylon 612. The material is utilized in the manufacturing corrosion inhibitors that are widely used chemical, pulp & paper, and water treatment, among other industrial facilities.
The presence of a robust manufacturing base in emerging economies acts as one of the major factors driving the growth of dodecanedioic acid market. The rise in the usage of dodecanedioic acid in the production of engineering plastics, coatings, lubricants, paints, corrosion inhibitors, adhesives, and surfactants, and favorable features such as heat stability, flexibility, and high scratch resistance in the automotive sector accelerate the market growth. The use of the product in the manufacturing of cosmetics, coatings, lubricants, fragrances, tooth brushes, adhesives, lubricants, and pharmaceuticals among others, and growing demand for plastic resin, manufacturing resin, and paints and coatings further influence the market. Additionally, rapid industrialization and urbanization, increase in demand for adhesives, and lubricants, and production of heat resistant thermoplastics positively affect the dodecanedioic acid market. Furthermore, increase in demand for zero volatile organic compounds paints extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, strict government regulations in order to control and reduce harmful effects on human population are expected to obstruct the market growth. Concerns regarding dodecanedioic acid causes irritation to eyes are projected to challenge the dodecanedioic acid market in the forecast period of 2021-2028.
This dodecanedioic acid market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on dodecanedioic acid market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Dodecanedioic Acid Market Scope and Market Size
The dodecanedioic acid market is segmented on the basis of process, raw materials, purity and applications. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of process, the dodecanedioic acid market is segmented into chemical process and biological process.
- On the basis of raw materials, the dodecanedioic acid market is segmented into butadiene, paraffin wax and others.
- On the basis of purity, the dodecanedioic acid market is segmented into purity 99%, purity 98% and others.
- On the basis of application, the dodecanedioic acid market is segmented into resin, powder coatings, adhesives, lubricants and others.
Dodecanedioic Acid Market Country Level Analysis
The dodecanedioic acid market is analyzed and market size, volume information is provided by country, process, raw materials, purity and applications as referenced above.
The countries covered in the dodecanedioic acid market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the dodecanedioic acid market due to the supportive regulations to attract more investments and increasing domestic consumption by economies such as China, Malaysia, and Japan. Europe is expected to be the fastest growing market during the forecast period of 2021 to 2028 because of the growing powder coatings production in economies like Germany.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Dodecanedioic Acid Market Share Analysis
The dodecanedioic acid market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to dodecanedioic acid market.
The major players covered in the dodecanedioic acid market report are Merck KGaA, Thermo Fisher Scientific, Avantor, Inc., Santa Cruz Biotechnology, Inc., Evonik Industries AG, Sinopec Qingdao Petrochemical Co., Ltd., BEYO Chemical Co., Ltd., Acadechem Company Limited, ChemTik, Labseeker, BLD Pharmatech Ltd., ChemScence, Alichem Inc, LGC Limited, hairuichem, TCI Chemicals (India) Pvt. Ltd.., INVISTA, BASF SE, and UBE INDUSTRIES, LTD, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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