Dodecanedioic acid, also known as DDDA, is a dicarboxylic acid used in top-grade coatings, antiseptics, painting materials, surfactant, corrosion inhibitor, and engineering polymers such as nylon 612. DDDA is used in the manufacture of corrosion inhibitors, which are comprehensively used in water treatment, chemical, pulp & paper, and other industrial facilities. DDDA is also used in the production of powder coatings. Powder coatings have a number of advantages over conventional liquids such as higher resistance to corrosion, abrasion and chipping, high quality finish, and protection from chemicals, heat, and moisture. Additionally, powder coatings are free from solvents resulting in negligible volatile organic compounds (VOC) emissions. This in turn makes the coating eco-friendly. The major application of DDDA is polyesters, especially polyamides and epoxy resins. The infusion of DDDA in type 2 diabetic patients has demonstrated that it helps in maintaining blood sugar in the normal range without affecting the energy levels or increasing the blood glucose in the system. It can also be used as a constituent for corrosion resistant coats and heat transfer fluids. Stringent public regulations, however, restricting market growth to regulate and decrease damaging impacts on people.
Covid-19 Impact Analysis
- The coronavirus's unfavorable global effects are already evident, and they will have a big impact on the dodecanedioic acid in 2020.
- The World Health Organization has declared a public health emergency after the COVID-19 virus outbreak in December 2019. The disease has spread to over 100 nations and resulted in massive deaths across the world. Exports & Imports, global manufacturing, tourism, and financial sectors have all been heavily damaged.
- The downward pressure on the global economy, which had previously shown signs of improvement, has escalated once more. The outbreak of the virus has added danger factors to the international economy's already sluggish development. Many international groups have stated that the global economy is experiencing its most difficult moment since the financial crisis.
- Since the pandemic, the restriction of imports and exports has affected the dodecanedioic acid market to a great extent as the consumers’ consumption and demand patterns are changing amidst pandemic.
Top Impacting Factors
The DDDA market is expected to grow due to increasing demand in the manufacture of nylon 612, powder coatings, adhesives, and paints. Nylon 612 is used across a wide range of applications including coatings, polyesters, greases, detergents, fragrances, and adhesives. Nylon 612 is also used in the production of heat resistant thermoplastics due to its heat resistant properties. Rising demand for zero volatile organic compounds paints has further augmented the global dodecanedioic acid industry. Resin was the largest application segment, accounting for about two-thirds of the market in terms of volume in the past year. Environmental concerns related with the production of dodecanedioic acid could act as a restraint of the market.
Development of bio-based DDDA is expected to nullify the perceived restraint. Bio-based DDDA is also expected to replace approximately 30% of the petrochemical product industry in the next few years. Powder coatings is expected to be the fastest growing application segment of the market during the forecast period.
Market trends
- Growing industrial activities in Asia Pacific, Europe and North America is expected to bolster demand for DDDA during the forecast period.
- Asia Pacific was the largest market for dodecanedioic acid, accounting for over one-third share of the global market in terms of volume in the past few years. China is one of the largest producers and consumers of DDDA, accounting for over a quarter of the global market in terms of volume. Presence of several end-user industries of DDDA in the U.S. is expected to stabilize market growth in the region. Growth of nylon production in Germany, France, and Italy is anticipated to affect the growth of the DDDA market in Europe in the next few years.
- Growth of resins market has indirectly resulted in the growth of the market.
- The resin application segment experienced a growth in 2018 and is expected to grow further in future due to surging demand for nylon in China, the U.S., and India. This is driven by favorable properties such as flexibility, heat stability, and high scratch resistance, preferred in the in automotive domain.
- Increase in coating activities will lead to increase in market growth.
- Due to increasing powder coating manufacturing in countries like Germany, Europe is anticipated to develop considerably in the course of the forecast era. In addition, players view product trends as an important market opportunity. Growing demand for bio-adhesives is forecast to give bio-decanedioic acid a profitable opportunity in the future.
Key Benefits of the Report
- This study presents the analytical depiction of the dodecanedioic acid industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the dodecanedioic acid market share.
- The current market is quantitatively analysed to highlight the dodecanedioic acid market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed dodecanedioic acid market analysis based on competitive intensity and how the competition will take shape in coming years.
- Questions answered in the Dodecanedioic Acid Market Report
- Who are the leading market players active in the Dodecanedioic Acid market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- What are “Dodecanedioic Acid “?
- What does “Dodecanedioic Acid “allow organizations to achieve?
- Which technologies combine to make “Dodecanedioic Acid “a critical organizational asset?
- What is " Dodecanedioic Acid” Market prediction in the future?
- Who are the leading global players in the “Dodecanedioic Acid” market?
- What are the current trends and predicted trends?
- What are the challenges faced in the “Dodecanedioic Acid” Market?
- What are the key benefits of the “Dodecanedioic Acid “Market report?
- What will be the anticipated growth rates for your own Dodecanedioic Acid Market economy altogether and for every segment inside?
- What are the driving factors and opportunities in the market?
Key Market Segments
- By Type
- Synthetic production
- Biotech production
- Others
- By Application
- Resins
- Powder coatings
- Adhesives
- Lubricants
- Others
- By Region
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Dow
- ExxonMobil
- Royal Dutch Shell
- BASF SE
- Clariant AG
- Mitsubishi Chemical Corporation
- Huntsman Corporation
- Chevron Phillips Chemical Company LP
- Eastman Chemical Company
- Sumitomo Chemical