A Dodecanedioic Acid Market, by Application (Resins, Powder Coatings

Dodecanedioic Acid Market, by Application (Resins, Powder Coatings, Adhesives, Lubricants, and Others (Pharmaceutical, Fragrance, etc.)), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Dodecanedioic acid is a chemical compound made from butadiene through a chemical reaction in multiple stages. Butadiene is first transformed into a cyclotrimerisation cycle into cyclododecatriene. It is then transformed to dodecanedioic acid by process of hydrogenation led by air exposure to a combination of ethanol and ketone in the existence of boric acid at high temperatures. In the final step, this mixture is oxidized further by nitric acid. A new yeast-based method for generating dodecanedioic acid is being developed. This would be a low-cost method. Dodecanedioic acid is a solid with a slight odour at room temperature. It is utilized in the production of compounds like polyester. There are no consumer applications for the chemical. It is employed in the manufacture of toothbrushes, cosmetics, adhesives, coatings, paints, lubricants, automotive parts, fragrances, pharmaceuticals, fuel line tubing, etc. The chemical also has laboratory usages. Dodecanedioic acid is used as a raw material for synthetic musk fragrances and a variety of organic synthesis processes. It is also used as a rust preventive agent in cutting oil.
In addition, rise in automotive industry across the globe is driving the global dodecanedioic acid market growth. For instance, according to a data published by India Brand Equity Foundation, an Indian Government export promotion agency, in December 2021, Indian automotive industry (including component manufacturing) is expected to reach Rs. 16.16-18.18 trillion (US$ 251.4-282.8 billion) by 2026.
Market Dynamics
Bio-based DDDA is predicted to replace a significant part of the demand for and use of petroleum-derived DDDA in the forthcoming years. Nonetheless, resin production is expected to remain the main application area for bio-DDDA in the forecast period. The rise of the U.S. and Canada as textile centers is expected to accelerate the penetration of resin production bases, resulting in profitable potential for dodecanedioic acid.
Furthermore, increase in demand for zero volatile organic compounds paints is expected to offer lucrative growth opportunities to the market players over the forecast period.
For instance, according to data published by the American Coatings Association (ACA), a voluntary, nonprofit trade association, in February 2020, the Asia Pacific region represents 53% of the volume and 47% of the value of the global coatings industry. China represents 60% of the entire coatings volume of APAC, which is clearly the most important coatings producer and user in the region, with India (18% of regional volume) being the second.
The market in Europe is expected to grow significantly throughout the forecast period owing to growing powder coatings production in economies such as Russia, Italy, etc. Europe is a prominent region for the dodecanedioic acid market. An increase in the use of dodecanedioic acid in nylon, engineering plastics, and painting materials is contributing to the market growth in Germany.
Key features of the study:
This report provides an in-depth analysis of the global dodecanedioic acid market, and provides market size (US$ Million and Kilotons) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global dodecanedioic acid market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include BEYO Chemical Co., Ltd., Cathay Biotech Inc., Chemceed, Evonik Industries AG, Haihang Industry, Selleck Chemicals, Serena Chemicals, TCI Chemicals (India) Pvt. Ltd., Thermo Fisher Scientific Inc., and UBE Industries, Ltd.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
The global dodecanedioic acid market report caters to various stakeholders in this industry including investors, suppliers, extruded aluminum profiles manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global dodecanedioic acid market
Detailed Segmentation:
Global Dodecanedioic Acid Market, By Application:
Resins
Powder Coatings
Adhesives
Lubricants
Others (Pharmaceutical, Fragrance, etc.)
Global Dodecanedioic Acid Market, By Region:
North America
By Application:
Resins
Powder Coatings
Adhesives
Lubricants
Others (Pharmaceutical, Fragrance, etc.)
By Country:
U.S.
Canada
Latin America
By Application:
Resins
Powder Coatings
Adhesives
Lubricants
Others (Pharmaceutical, Fragrance, etc.)
By Country:
Brazil
Argentina
Mexico
Rest of Latin America
Europe
By Application:
Resins
Powder Coatings
Adhesives
Lubricants
Others (Pharmaceutical, Fragrance, etc.)
By Country:
U.K.
Germany
France
Italy
Spain
Russia
Rest Of Europe
Asia Pacific
By Application:
Resins
Powder Coatings
Adhesives
Lubricants
Others (Pharmaceutical, Fragrance, etc.)
By Country:
China
India
Japan
South Korea
ASEAN
Australia
Rest of Asia Pacific
Middle East
By Application:
Resins
Powder Coatings
Adhesives
Lubricants
Others (Pharmaceutical, Fragrance, etc.)
By Country/Region:
GCC
Rest of Middle East
Africa
By Application:
Resins
Powder Coatings
Adhesives
Lubricants
Others (Pharmaceutical, Fragrance, etc.)
By Country/Region:
Northern Africa
Central Africa
South Africa
Company Profiles
BEYO Chemical Co., Ltd.*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Cathay Biotech Inc.
Chemceed
Evonik Industries AG
Haihang Industry
Selleck Chemicals
Serena Chemicals
TCI Chemicals (India) Pvt. Ltd.
Thermo Fisher Scientific Inc.
UBE Industries, Ltd.
“*” marked represents similar segmentation in other categories in the respective section.