Dodecanedioic Acid (DDDA) Market Size (2024 - 2029)

The dodecanedioic acid (DDDA) market is projected to experience steady growth, recovering from the impacts of COVID-19. The expansion of the market size is driven by the rising demand for plastic resin in sectors such as adhesives, automotive, and construction. Despite potential challenges posed by OSHA-related hazards, the market is poised for development, particularly through advancements in bio-based production methods. The Asia Pacific region leads in market share, fueled by increased consumption in countries like India, China, and Malaysia.

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Market Size of Dodecanedioic Acid (DDDA) Industry

Dodecanedioic Acid (DDDA) Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Dodecanedioic Acid (DDDA) Market Major Players

*Disclaimer: Major Players sorted in no particular order

Dodecanedioic Acid (DDDA) Market Analysis

The dodecanedioic acid (DDDA) market is expected to register a CAGR of more than 5% during the forecast period. COVID-19 negatively impacted the market in 2020. However, the market is now estimated to reach pre-pandemic levels and is expected to grow steadily.

  • The growing demand for plastic resin in adhesives, automotive, and construction applications is expected to drive market growth.
  • However, the hazards related to dodecanedioic acid specified by OSHA will likely hinder the studied market's growth.
  • The increasing R&D in bio-based dodecanedioic acid production will likely provide opportunities for the dodecanedioic acid (DDDA) market over the forecasted period.
  • Asia Pacific dominated the market globally, increasing consumption from countries like India, China, and Malaysia.

Dodecanedioic Acid (DDDA) Industry Segmentation

Dodecanedioic acid is a dicarboxylic acid having the formula (CH2)10(CO2H)2. It is a white solid used in various products, including materials and polymers. It is used to manufacture nylon 6, 12, adhesives, powder coatings, and paints. DDDA is also employed in manufacturing corrosion inhibitors, pulp, paper, water treatment, chemical facilities, etc. The Dodecanedioic acid market is segmented by application and geography. By application, the market is segmented into resin, powder coating, adhesives, lubricants, and other applications. The report also covers the market size and forecasts for the market in 15 countries across the globe. The market sizing and forecasts are based on each segment's value (USD million).

By Application
Resin
Powder Coating
Adhesives
Lubricants
Other Applications
By Geography
Asia Pacific
China
India
Japan
South Korea
Rest of Asia Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Dodecanedioic Acid (DDDA) Market Size Summary

The dodecanedioic acid (DDDA) market is poised for steady growth, driven by the increasing demand for plastic resins in various industries such as adhesives, automotive, and construction. Despite the initial setbacks caused by the COVID-19 pandemic, the market is expected to recover to pre-pandemic levels and continue its upward trajectory. The plastic resin segment, particularly nylon resins, plays a crucial role in this growth due to their application in engineering plastics, which are increasingly used to replace metals in automotive components. This shift is attributed to the superior properties of nylon 6 resins, such as high stiffness, strength, and resistance to oil and greases, making them ideal for use in engine covers, gears, and bearings. However, the market's expansion may be tempered by safety concerns related to dodecanedioic acid as highlighted by OSHA regulations. Nonetheless, advancements in bio-based production methods present new opportunities for market development.

Regionally, Asia-Pacific stands out as the most significant and rapidly growing market for dodecanedioic acid, fueled by robust domestic consumption in countries like China, India, and Malaysia. The region's dominance is further bolstered by its status as a leading producer of engineering plastics and its substantial contribution to global plastics production. China's position as the largest nylon six resin manufacturer and its extensive production of plastic products underscore the region's pivotal role in the market's growth. Additionally, the established industrial base and supportive regulatory environment in Asia-Pacific are expected to further enhance market prospects. Major industry players, including BASF SE, Chemceed, and UBE Corporation, are actively expanding their operations, with BASF's recent investment in increasing its nylon 6.6 production capacity in Germany exemplifying the strategic moves being made to capitalize on the growing demand for dodecanedioic acid.

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Dodecanedioic Acid (DDDA) Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand from Resin

      2. 1.1.2 Increasing Building and Construction Industry

    2. 1.2 Restraints

      1. 1.2.1 Hazards Related to Dodecanedioic Acid

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 By Application

      1. 2.1.1 Resin

      2. 2.1.2 Powder Coating

      3. 2.1.3 Adhesives

      4. 2.1.4 Lubricants

      5. 2.1.5 Other Applications

    2. 2.2 By Geography

      1. 2.2.1 Asia Pacific

        1. 2.2.1.1 China

        2. 2.2.1.2 India

        3. 2.2.1.3 Japan

        4. 2.2.1.4 South Korea

        5. 2.2.1.5 Rest of Asia Pacific

      2. 2.2.2 North America

        1. 2.2.2.1 United States

        2. 2.2.2.2 Canada

        3. 2.2.2.3 Mexico

      3. 2.2.3 Europe

        1. 2.2.3.1 Germany

        2. 2.2.3.2 United Kingdom

        3. 2.2.3.3 France

        4. 2.2.3.4 Italy

        5. 2.2.3.5 Rest of Europe

      4. 2.2.4 South America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Argentina

        3. 2.2.4.3 Rest of South America

      5. 2.2.5 Middle-East and Africa

        1. 2.2.5.1 Saudi Arabia

        2. 2.2.5.2 South Africa

        3. 2.2.5.3 Rest of Middle-East and Africa

Dodecanedioic Acid (DDDA) Market Size FAQs

The Dodecanedioic Acid (DDDA) Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

BASF SE, Cathay Biotech Inc., Merck KGaA, UBE Corporation and Chemceed are the major companies operating in the Dodecanedioic Acid (DDDA) Market.

Dodecanedioic Acid (DDDA) Report Snapshots

Dodecanedioic acid (DDDA) Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)