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What are the factors contributing in Dodecanedioic Acid Market growth? BASF, UBE Industries Ltd., Evonik, Cathay Industrial Biotech, Invista, Zibo Guangtong Chemical, Santa Cruz Biotechnology

Dodecanedioic Acid Market

Dodecanedioic Acid Market

The research report scrutinizes the global Dodecanedioic Acid industry from 360 degree perception, taking manifold facets into consideration including segmentation, key developments, market overview, market growth and dynamics, market trends and future outlook, market opportunities, potential investment segment, competitive landscape etc.

Rise in global nylon 6,12 production owing to its extensive application in detergents, polyesters, coatings, fragrances, greases, and adhesives is anticipated to boost Dodecanedioic Acid (DDDA) market size over the coming years.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/422

Key Players are:
• UBE
• Verdezyne
• Cathay
• BASF SE
• Invista
• Santa Cruz Biotechnology
• Zibo Guangtong Chemical
• Evonik

Increasing demand for pulp & paper, water treatment and chemical applications owing to the corrosion inhibition characteristic of DDDA is expected to promote the industry trends over the coming years. It also finds applications in antiseptics, protective coatings, painting materials, surfactants, and top-grade coatings.

DDDA market size is strictly regulated and directed by environmental norms regarding VOC emissions. Additionally, adipic acid and sebacic acid are being widely accepted for nylon production.

The aforementioned trends may obstruct the industry share by 2033. However, increasing R&D investments toward bio-based products will present high growth avenues for the industry players.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/422

Dodecanedioic Acid finds its application in adhesives, powder coatings, resins, and lubricants. DDDA market price in resin sector worth USD 235 million in 2015, is expected to grow substantially over the coming seven years.

The growth can be attributed to the increasing use of nylon in screws, gears, and fabrics. DDDA market size in powder coatings industry is expected to grow at a rate of 6% over 2016-2023 owing to its wide applications in powder coatings & paints production.

Dodecanedioic acid market by application
• Resins
• Powder coatings
• Adhesives
• Lubricants
• Others

Innovations in coating technology for industrial paints is predicted to promote DDDA market growth over the coming years. Paints & Coatings production capacity estimated at 1700 kilotons, is expected to surpass 3170 kilo tons by 2023.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/dodecanedioic-acid-DDDA-market-report

Rising demand for DDDA from industrial coatings sector along with growing preference for providing protective industrial paints are few of the factors predicted to contribute significantly towards the growth of the DDDA application in paints & coatings industry over the coming years.

North America DDDA market is expected to register a CAGR of 5.5% over the coming seven years due to booming nylon production along with presence of automobile giants such as General Motors & Ford who have adopted eco-friendly technology to reduce greenhouse effects. U.S. is expected to contribute significantly towards the regional share over the coming years.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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