Global Dodecanedioic Acid Market Size, Analysis, Report: By Application: Resins, Powder Coatings, Adhesives, Lubricants, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032

Global Dodecanedioic Acid Market Outlook

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.

Key Takeaways

• In 2021, the paint and coatings industry were valued at USD 160 billion and by 2029, the value will surpass USD 235 billion.

• The market size of water treatment chemicals industry in the United Kingdom was USD 1.4 billion in 2022.

• In 2022, the worldwide lubricants demand was 35.6 million metric tons.

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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Key Trends and Developments

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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Market Segmentation

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

• Resins 

• Powder Coatings 

• Adhesives 

• Lubricants

Market Breakup by Region

• North America 

• Europe 

• Asia Pacific 

• Latin America 

• Middle East and Africa

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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Competitive Landscape

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.

Key Highlights of the Report

*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.