The Global Dodecanedioic Acid Market was valued at $420 Million in 2018 and is forecast to grow at a modest 6.8 % CAGR between 2018 and 2026, culminating in 2026 global sales of $645.8Million.
Dodecanedioic acid (DDDA) is a dicarboxylic acid is mainly used in top grading coatings, corrosion inhibitors, painting materials, antiseptics, engineering plastics, & surfactants such as nylon 612.It is a pure C12 d ibasic acid which is available in white, flaky form and has a long shelf life of approximately of 3-4 years depending on the storage methods. The major application of DDDA is polyester especially epoxy resins, polyamides, polyester which is obtained or manufactured from butadiene through a chemical process. The market is mainly driven by polyamides market. dodecanedioic acid is mainly used for manufacturing of polyamide 6,12 is majorly used in manufacturing nylon products. Asia pacific is the leading market for dodecanedioic acid. China & India are the major consumers for the DDDA market. North America is expected to grow over the forecast period because likely to grow from industrial & textile end user application. U.S. & Canada are the major consumers in the North America region
“Optimal Price Point (OPP) for Dodecanedioic Acid Products”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in the China Dodecanedioic Acidproductsare available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Dodecanedioic Acid Market by “Application”
We have segmented the Dodecanedioic Acidalloy based on Application as Resins, Powder coatings, Adhesives, Lubricants, Others.
We have observed the rapid growth of dodecanedioic acid by the application of resign which dominates the market over the forecast period. Growth of this application is attributed due to rise of demand in for nylon from various end use industries mainly from automotive industries. Resin segmented accounted for 72.6 % & anticipated to lead the market at a CAGR of 8.2 % By 2026. Rapid use of dodecanedioic in paint industry is expected to boost the market to propel product demand.
Powder coatings is anticipated to grow a CAGR of 7.2% & segment accounted for 18.7 % over the forecast period due to features like excellent heat resistance, flexibility to polyester which rise the demand of dodecanedioic acid during the forecast.
China and Indiaaccounted for the maximum revenue share of over xx% in 2018 due to increased demandof Dodecanedioic Acid materials followed by EU- Top 5 countries contribute $X.6 Billion in 2018 and expected to reach $x.5 Billion by 2026.
Rapid growth of automotive industries,construction,chemical industries with increase demand from the paint industry is expected to propel product demand. Increasing uses of nylon in the manufacture of high performance thermoplastics due to its heating abilities is trending in the market.
“Competitive Landscape”and“Merger & Acquisition Insights”
The key market participants include Invista,UBE, Evonik,Cathay, Santa Cruz Biotechnology, BASF SE, Verdezyne, are few major players in Dodecanedioic Acidmarkets. TheDodecanedioic Acid market is fragmented with large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovations & new product development are major focus area for dominant companies.
Dodecanedioic Acid Market by Application(Revenue, Million, Kilotons 2018 – 2026)
- Powder coatings
Dodecanedioic Acid Market Regional Outlook (Revenue, USD Million, Kilotons 2018- 2026)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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