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The global dodecanedioic acid market size was estimated to be at 83.49-kilo tons in 2023 and is anticipated to grow at a CAGR of 5.8% between 2024 and 2032.
Dodecanedioic acid (DDDA) is a dicarboxylic acid with the formula (CH2)10(CO2H)2. It has a variety of applications, including the manufacturing of nylon 6,12, adhesives, powder coatings, and paints. DDDA is also used in the production of corrosion inhibitors, which are extensively used for water treatment, pulp and paper, and other industrial facilities. Additionally, it can be used as a complexing agent for lithium complex grease, increasing dropping grades. It can also be produced from renewable plant-oil feedstocks. In the medical field, DDDA has been studied for its metabolic effects in non-insulin-dependent diabetic patients.
The rapid industrialisation is expected to increase the need for lubricants, adhesives, and nylons in emerging economies, which, in turn, will increase the dodecanedioic acid market demand. The rising demand for paints and coatings is expected to stimulate the need for DDDA, especially in powder coatings. Increased demand for nylon from emerging economies like China and India can also attributed to the need for the product’s advantageous features such as durability, heat tolerance, and high scratch resistance in the automotive industry.
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Rapid growth of industries, rising adoption of synthetic processes, and increasing preference for biotech production are driving the market expansion
January 2024
Vaporox has developed a new wound care device, the VHT-200. The device was made using polycarbonate, which is biocompatible, sterilisable, and durable, making it ideal for specialised equipment that enhances skin recovery in chronic wounds.
September 2023
Honda R&D and Toray Industries initiated a trial for the closed-loop recycling of nylon resin obtained from end-of-life vehicles (ELVs). The material's strength, heat resistance, and chemical resistance make it suitable for automotive parts exposed to heat, petrol, and oils. The companies aim to commercialise the process by 2027.
January 2023
Goodyear Lubricants launched a new range of engine oil products in India, aiming to meet the increased demand for more sustainable automotive lubricants. The new product line is designed to meet the diverse lubricant oil needs of commercial and passenger vehicles.
February 2022
BASF SE marketed several polyamides (PA) and polyphthalamide (PPA) grades in Europe as part of the takeover of Solvay's PA66 business. The new range of engineered plastic products will be offered in the European Economic Area and Switzerland under the Ultramid brand.
Rapid growth of industries
The escalating growth of the plastic industry, as well as the elevating textile and automotive industries, which are major consumers of resins and nylons, are anticipated to boost the demand for DDDA, resulting in dodecanedioic acid market development.
Rising adoption of synthetic processes
Dodecanedioic acid (DDDA) is produced using butadiene through a multi-step chemical process. Butadiene is first converted to cyclododecatriene through cyclotrimerisation, and then the triene is hydrogenated to cyclododecane, which is further oxidised to make DDDA. This type of acid can be used in musk fragrances.
Shift towards biotech production of DDDA
An innovative method of producing DDDA using yeast is gaining attention, offering a biotech production alternative. This method involves the biotransformation of low-cost plant-oil derivatives using yeast strains such as Candida tropicalis.
Ongoing research and development efforts
The ongoing research and development efforts in dodecanedioic acid market are focused on improving the production process and reducing costs through advanced technologies. Recent technological innovations include the use of biotechnology and use of eco-friendly raw materials.
The market is also expected to grow significantly in the forecast period due to the growing demand for electric vehicles and the increasing number of pharmaceutical companies utilising DDDA acid in top-grade antiseptics and surfactants. In addition, rise in the number of market players across the globe is contributing to dodecanedioic acid market growth.
It is further expected that the increasing demand for bio-adhesives will bring lucrative opportunities for bio-dodecanedioic acid in the forecast period. Renewable feedstock (bio-adhesives) has provided DDDA producers with incentives for cost reduction and expanded penetration in heavily regulated markets such as North America and Europe. Additionally, the growing use of nylon in the production of high-performance thermoplastics is a rising dodecanedioic acid market trend due to its heating capabilities.
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Global Dodecanedioic Acid Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Application
Market Breakup by Region
Resins holds a significant market share due to increase in demand for nylon from various end-use industries
The resins segment is increasing the global dodecanedioic acid market share due to the increase in demand for nylon from various end-use industries, especially automotive and paints industry. The emergence of the United States and Canada as a textile hub is anticipated to spur the penetration of production bases for resins, which will ultimately open lucrative opportunities for DDDA.
The powder coatings segment is expected to grow with the fastest CAGR as it offers flexibility to polyesters and have excellent heat resistance. Moreover, they are solvent free and produce negligible emissions of VOC, which makes it eco-friendly in nature. The growing powder sector in developing economies due to increasing applications in the automotive, construction, and chemical industry is expected to augment the demand for DDDA.
As per the dodecanedioic acid market forecast, the share of adhesives and lubricants is expected to grow due to increasing demand and various applications. DDDA is widely used in adhesives to improve bonding strength and flexibility, whereas in the lubricants sector, it acts as a corrosion inhibitor and enhances overall performance.
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The market players are engaged in developing new products to gain a competitive edge in the market.
Koch Industries, Inc. is headquartered in United States and was founded in 1940. It operates in various industries, including oil and gas, fertilisers, metals and mining, refining, chemicals, biofuels, commodity trading, and polymers and fibres. The company has a global operational presence across the Americas, Europe, the Middle East, Asia-Pacific, and Africa.
BASF SE was founded in 1865 and is headquartered in Germany. BASF is a leading chemical company with a focus on a wide range of products, including chemicals, plastics, performance products, crop protection products, and fine chemicals. The company is involved in various industries and has a significant global presence.
Ube Industries, Ltd. was founded in 1897 and is headquartered in Japan. Ube Industries is a diversified company with business segments that include chemicals, pharmaceuticals, cement and construction materials, machinery, energy and environment, and others. The company operates globally and is involved in various industrial sectors.
Other key players in the global dodecanedioic acid market analysis include Zibo Guangtong Chemical Co., Ltd., Evonik Industries AG, and Cathay Industrial Biotech Ltd., among others.
Asia Pacific region contributes significantly to the market growth due to rising demand for DDDA in various applications
As per the dodecanedioic acid market report, Asia Pacific is expected to account for a major share in the global dodecanedioic acid market due to rise in demand for dodecanedioic acid in various applications such as nylon and painting. China is a major producer of dodecanedioic acid and holds a significant share of the market in Asia Pacific. Companies like Cathay Industrial Biotech Ltd contribute to the region's rising demand for dodecanedioic acid.
In addition, Europe is also a prominent region of the global dodecanedioic acid market. Increase in demand for dodecanedioic acid in nylon, engineering plastics, and painting materials is contributing to the market growth in Germany.
In the forecast period, the increasing use of nylon in the manufacture of high-performance thermoplastics due to its heating abilities is expected to be a key trend in the dodecanedioic acid market growth and is predicted to offer lucrative opportunities for all the regions.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Dodecanedioic Acid Market Analysis
8.1 Key Industry Highlights
8.2 Global Dodecanedioic Acid Historical Market (2018-2023)
8.3 Global Dodecanedioic Acid Market Forecast (2024-2032)
8.4 Global Dodecanedioic Acid Market by Application
8.4.1 Resins
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Powder Coatings
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Adhesives
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Lubricants
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Dodecanedioic Acid Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Dodecanedioic Acid Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Dodecanedioic Acid Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Dodecanedioic Acid Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.2 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Dodecanedioic Acid Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Dodecanedioic Acid Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Koch Industries, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 BASF SE
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Ube Industries, Ltd.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Zibo Guangtong Chemical Co., Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Evonik Industries AG
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Cathay Industrial Biotech Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Dodecanedioic Acid: Key Industry Highlights, 2018 and 2032
2. Global Dodecanedioic Acid Historical Market: Breakup by Application Channel (USD Million), 2018-2023
3. Global Dodecanedioic Acid Market Forecast: Breakup by Application Channel (USD Million), 2024-2032
4. Global Dodecanedioic Acid Historical Market: Breakup by Region (USD Million), 2018-2023
5. Global Dodecanedioic Acid Market Forecast: Breakup by Region (USD Million), 2024-2032
6. North America Dodecanedioic Acid Historical Market: Breakup by Country (USD Million), 2018-2023
7. North America Dodecanedioic Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
8. Europe Dodecanedioic Acid Historical Market: Breakup by Country (USD Million), 2018-2023
9. Europe Dodecanedioic Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Asia Pacific Dodecanedioic Acid Historical Market: Breakup by Country (USD Million), 2018-2023
11. Asia Pacific Dodecanedioic Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Latin America Dodecanedioic Acid Historical Market: Breakup by Country (USD Million), 2018-2023
13. Latin America Dodecanedioic Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Middle East and Africa Dodecanedioic Acid Historical Market: Breakup by Country (USD Million), 2018-2023
15. Middle East and Africa Dodecanedioic Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Global Dodecanedioic Acid Market Structure
In 2023, the global dodecanedioic acid market attained a value of nearly 83.49-kilo tons.
The market is projected to grow at a CAGR of 5.8% between 2024 and 2032.
The major drivers of the market include rapid industrialisation, improving construction activities, increased demand for nylon, increasing demand for bio-adhesives, and expanded penetration in heavily regulated markets.
Extensive use in the manufacture of paints, corrosion inhibitors, adhesives, and the emergence of a strong manufacturing base in emerging economies are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Dodecanedioic acid find their major application in resins, powder coatings, adhesives, and lubricants, among others.
The major players in the industry are Koch Industries, Inc., BASF SE, Ube Industries, Ltd., Zibo Guangtong Chemical Co., Ltd., Evonik Industries AG, and Cathay Industrial Biotech Ltd., among others.
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