The global Dodecanedioic Acid (DDDA) Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.
Market Overview:
The global Dodecanedioic Acid (DDDA) Market is estimated to develop at a substantial CAGR for the duration of the prediction. The Dodecanedioic Acid (DDDA) industry is expected to develop due to its growing demand in the production of paints, adhesives, nylon 6, 12, and powder coatings. It is utilized as an important raw material for the production of nylon 6, 12. Nylon 6, 12 has an extensive variety of uses comprising fragrances, detergents, greases, adhesives, coatings, and polyesters.
Key Players:
- Verdezyne
- Invista
- BASF SE
- UBE Industries
- Zibo Guangtong Chemical Co., Ltd.
- Evonik Industries
- Cathay Industrial Biotech
- Santa Cruz Biotechnology
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Growth Drivers:
Growing demand for dodecanedioic acid for the production of powder coatings and the paints due to its great efficiency combined with the development of the end-use manufacturing is estimated to motivate the market above the prediction period. The Dodecanedioic Acid (DDDA) market on the source of Type of Application could span Lubricants, Powder Coatings, Adhesives, Resins and Others. The subdivision of Resins held the biggest stake of the Dodecanedioic acid (DDDA) industry during the past year. Growing uses of nylon in screws, gears, and fabrics are the major business development projections for the application.
Furthermore, increasing practice of nylon due to its grander strength, greater elasticity, and abundant availability will drive the progress of the business. Growing funds for the R&D in the direction of manufacture of biocentered specialty polymer, for example nylon, will additionally balance the progress of the business.
The scope for the powder coatings in the Dodecanedioic Acid (DDDA) market is estimated to perceive the maximum improvements. Growing demand for the lubricants, coatings, and paints throughout the world owing to increasing production of automobiles and building construction is the most important reason absolutely prompting the progress of the business. Usage in paints & coatings supports in giving scratch guard & confrontation from dampness, high temperature, and chemicals, greater excellence appearance, grander confrontation to corrosion as equated to old-style materials.
Application Outlook:
- Resins
- Powder coatings
- Adhesives
- Lubricants
Regional Outlook:
By the source of geography, North American and European Dodecanedioic Acid market collectively rules international demand. It was responsible for more than 45% stake of the general capacity during the year 2014. The appearance of Mexico as a center for automobile manufacturing in the neighborhood of the U.S.A market together with the increasing national intake is estimated to trigger the demand above the prediction period.
Small progress in the manufacture of nylon in Italy, Germany and France, taking in to account the greater prices of manufacturing, is projected to result in the steady development of the Dodecanedioic Acid (DDDA) market in Europe over the prediction period.
The Asia Pacific’s Dodecanedioic Acid (DDDA) industry is estimated to observe speedy development above the following seven years, because of the increasing platform of industrialized manufacturing, chiefly in India and China. The strong manufacturing platform of nylon in India, China, and Japan together with growing demand for industrialized powder coatings and paints is expected to drive the development of the market.
The statement revises Trades in terms of intake of Dodecanedioic Acid (DDDA) in the market; particularly in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field are Santa Cruz Biotechnology, Zibo Guangtong Chemical, BASF SE, Cathay Industrial Biotech, Verdezyne, UBE,In vista, and Evonik.
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