Press release
Dodecanedioic Acid Industry Plying for Significant Growth During 2024 - 2031 | Invista, Verdezyne, BASF SE, Cathay Industrial Biotech
Dodecanedioic Acid Industry
The dodecanedioic acid market is estimated to be valued at USD 544.7 Mn in 2024 and is expected to reach USD 756.3 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.8% from 2024 to 2031.
Market Dynamics:
The dodecanedioic acid market is expected to grow at a significant rate over the forecast period. This is owing to rising demand for nylon resins from manufacturing industries as well as growing automotive industry across the globe. Nylon resins produced using dodecanedioic acid possess high heat and chemical resistance making them ideal for under-the-hood automotive components. In addition, increasing demand for lightweight and sustainable materials from electrical and electronics industry is also fueling consumption of dodecanedioic acid based nylons and plastics.
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Opportunities in Bio-Based Dodecanedioic Acid Production
With growing ecological concerns worldwide, industry players are exploring new production methods for dodecanedioic acid based on renewable resources instead of petrochemicals. Bio-based production techniques such as fermentation show promising potential and can provide lucrative opportunities in the coming decade. Several companies are conducting intensive R&D activities to develop sustainable and commercially viable fermentation routes for manufacturing dodecanedioic acid from biomass. Successful commercialization of these bio-production processes can open new avenues of growth while addressing environmental sustainability issues. This offers opportunities for market participants to establish their presence in the bio-based segment of dodecanedioic acid industry.
Emerging Trend towards Hybrid Resins Manufacturing
Resins producers are continuously innovating to enhance the performance characteristics of their products. There is a rising trend of formulating hybrid resins by combining properties of different polymers. Dodecanedioic acid based polyamides are increasingly being blended with other resins like polyesters, polyolefins and polyurethanes to create hybrid materials with improved mechanical, chemical and thermal properties. These multi-material resins are gaining widespread acceptance in hi-tech applications across diversified industries. The development of hybrid resins presents novel trends for dodecanedioic acid consumption. Manufacturers should devise strategies to capitalize on this evolving trend by enhancing the usage of dodecanedioic acid innext-gen hybrid systems.
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Top Companies Featured in This Report:
โ Invista
โ Verdezyne
โ BASF SE
โ Cathay Industrial Biotech
โ UBE Industries
โ Santa Cruz Biotechnology
โ Cathay
โ Evonik
โ BEYO Chemical Co., Ltd.,
โ Chemceed
โ Evonik Industries AG
โ Haihang Industry
โ Selleck Chemicals
โ Serena Chemicals
โ TCI Chemicals (India) Pvt. Ltd.)
Market Segmentation:
By Applications:
โ By Application: Resins, Powder Coatings, Adhesives, Lubricants, and Others (Pharmaceutical, Fragrance, etc.)
Key Regions/Countries Classified as Follows:
ยป North America (U.S., Canada, Mexico)
ยป Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
ยป Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
ยป South America (Brazil, Argentina, Rest of SA)
ยป Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Key Insights from the Global Dodecanedioic Acid Market Analysis:
Market Size Evaluation: Assessing the value and sales volume of the Dodecanedioic Acid market spanning from 2024 to 2031.
Market Trends and Dynamics: Analyzing the drivers, opportunities, challenges, and risks influencing the Dodecanedioic Acid market.
Macro-economic and Regional Impacts: Exploring how global inflation and geopolitical events affect the Dodecanedioic Acid market.
Segment Analysis: Examining the market value and sales volume of Dodecanedioic Acid by type and application from 2024 to 2031.
Regional Market Overview: Assessing the current situations and future prospects of the Dodecanedioic Acid market in different regions.
Country-level Studies: Providing insights into revenue and sales volume for major countries within each region.
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Dodecanedioic Acid sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
(LinkedIn: https://www.linkedin.com/in/alice-mutum-3b247b137 )
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