Dodecanedioic acid mostly knows as DDDA is a dicarboxylic acid which is mostly used in antiseptics, top-grade coatings, painting materials, corrosion inhibitor, surfactant, and engineering polymers. DDDA is also used for manufacturing corrosion inhibitors, which are majorly used in chemical, water treatment, pulp and paper, and other industrial facilities. It is also used in the production process of powder coatings. One of the major applications of DDDA is polyester, especially epoxy resins and polyamide.
MARKET DYNAMICS
The primary reason for an increase in the demand for dodecanedioic acid is its extensive usage in the production of corrosion inhibitors, paints, engineering plastics, adhesives, coatings, surfactants, and lubricants. Emerging economies, coupled with rapid urbanization, will lead to an increase in the demand for lubricants, adhesives, and nylons. The increase in the demand for paint and coatings, mostly powder coatings, is going to drive the DDDA market. The rise in demand for adhesives and lubricants is going to increase the demand for dodecanedioic acid.
MARKET SCOPE
The "Global Dodecanedioic Acid Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the dodecanedioic acid market with detailed market segmentation by type, application and geography. The global dodecanedioic acid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading dodecanedioic acid market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Global Dodecanedioic Acid Market is segmented on the basis of type, and application. On the basis of type, the market is segmented into polyamides and other chemicals. On the basis of application, the market is segmented into resins, powder coatings, adhesives, lubricants and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global dodecanedioic acid market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The dodecanedioic acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the dodecanedioic acid market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the dodecanedioic acid market in these regions.
MARKET PLAYERS
The reports cover key developments in the dodecanedioic acid market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from dodecanedioic acid market are anticipated to lucrative growth opportunities in the future with the rising demand for dodecanedioic acid in the global market. Below mentioned is the list of few companies engaged in the dodecanedioic acid market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the dodecanedioic acid market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- UBE INDUSTRIES, LTD
- Santa Cruz Biotechnology, Inc
- Evonik Industries
- Shandong Guangtong New Materials Co., Ltd.
- Verdezyne Inc.
- Cathay Industrial Biotech
- Others
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.