Dodecanedioic Acid (DDDA) Market Size Predicted to Reach USD 30 Billion by 2026
According to the report, The global Dodecanedioic Acid (DDDA) market in 2019 was approximately USD 17 billion. The market is expected to grow above a CAGR of 6% and is anticipated to reach over USD 30 billion by 2026.
Dodecanedioic acid, usually referred to as DDDA, is just a dicarboxylic acid used in electronics in top-grade substrates, disinfectants, paint products, surfactants, corrosion inhibitors and composites such as nylon 612; DDDA is used in the manufacturing of corrosion inhibitors widely used in water purification, chemistry, pulp & paper, and other industrial plants. DDDA can also be used in the manufacturing of material composites. Powder composites have a range of advantages over traditional materials, such as improved corrosion resistance, discoloration and scratching, high-quality finishes, chemical, high temperature, and tolerance to moisture. Therefore, dust composites are solvent-free which leads to zero emissions of volatile organic compounds (VOC). This in effect makes the content temperature prone. DDDA’s primary applications are polyesters, particularly polyamides, and resins with thermoplastics. For patients with type 2 diabetes, IV DDDA infusion has shown that it helps maintain healthy levels of sugar without impacting the energy levels or increasing blood glucose in the body. It can also be used as a component of heat transfer solutions and oxidation proof materials.
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The Dodecanedioic Acid (DDDA) market research report delivers an acute valuation and taxonomy of the Dodecanedioic Acid (DDDA) industry by practically splitting the market on the basis of different types, category and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
The Dodecanedioic Acid (DDDA) market is segmented based on application and region. On the basis of Application segmentation, the market is classified into Powder coatings, Adhesives, Resins, and others.
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Some of the essential players operating in the Evonik Industries Evonik Industries AG, Beyo Chemical Co. Ltd., Cathay Industrial Biotech Ltd., Sinopec Qingjiang Petrochemical Co. Ltd., INVISTA, Zibo Guangtong Chemical Co. Ltd., Verdezyne Inc., and Others.
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