Dodecanedioic Acid (DDDA) Market Analysis

Dodecanedioic Acid Market Analysis

Resins held the largest share of the overall (dodecanedioic acid) DDDA market size in 2015 and accounted for approximately half of the total share. Rising nylon applications in fabrics, gears, and screws are the prime industry growth prospects for the application. In addition, growing nylon usage on account of its high elasticity, strength, abundant availability, and superior strength will boost the industry growth. Increasing R&D investments toward bio-based specialty polymer production, such as nylon, will further complement industry growth.
 

The global (dodecanedioic acid) DDDA market size for powder coatings is forecast to observe the highest gains at more than 6% CAGR over the projected timeframe. Increasing paints & coatings and lubricants demand across the globe due to escalating construction and the automotive industry is the major factor positively influencing the business growth. Use in paints & coatings helps in providing superior corrosion resistance, high-quality finish, abrasion protection & resistance from moisture, heat, and chemicals as compared to traditional materials.
 

North America, mainly led by the U.S. dodecanedioic acid market size generated a revenue of over USD 100 million in 2015. Increasing remodeling practices in the U.S. residential projects along with massive consumer automotive base are the major factors contributing to the regional industry share. The regional industry growth for powder coatings shall be propelled on account of the presence of major automotive and nylon manufacturers. This will in turn drive the DDDA market in the region.
 

Asia Pacific, led by China and India, held the largest share of the global (dodecanedioic acid) DDDA market size in 2015 and is forecast to witness the highest gains at more than 6% CAGR by 2023. Positive growth indicators in the regional construction and automotive industry is the key factor attributing the business growth. Furthermore, rapid industrialization in the region shall boost product demand for industrial grade paints & coatings.