Global Dodecanedioic Acid Market 2017-2021
About Dodecanedioic Acid
Dodecanedioic acid is a dibasic acid, which appears as a white solid substance. It can be manufactured either synthetically or bio-technologically. The synthetic chemicals used for manufacturing dodecanedioic acid are cyclododecane, dodecyl alcohol, 1-3-butadiene, and hydrogen peroxide. The bio-based manufacturing process uses paraffin wax and yeast to prepare dodecanedioic acid. The dodecanedioic acid is segmented based on applications, such as resins, powder coatings, adhesives, lubricants, and others.
Technavio’s analysts forecast the global dodecanedioic acid market to grow at a CAGR of 6.06% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global dodecanedioic acid market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Dodecanedioic Acid Market 2017-2021
Technavio recognizes the following companies as the key players in the global dodecanedioic acid market: BEYO Chemical, Cathay Industrial Biotech, Evonik Industries, UBE INDUSTRIES, and Verdezyne.
Other Prominent Vendors in the market are: Merck, Nantong Senos Biotechnology, Santa Cruz Biotechnology, and Zibo Guantong Chemical.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increased demand for paints and coatings from the automobile and construction industries. Dodecanedioic acid is used extensively as a raw material in paints and coatings. The rapid growth of the construction and automobile industries will contribute to the growth of the dodecanedioic acid market. Paints and coatings are used by the construction industry to coat metallic parts and steel products.”
According to the report, one driver in the market is increased demand for nylon-based products. Dodecanedioic acid is used extensively in the production of polyamides, one of the most important raw materials required for manufacturing nylon-based products. The increased demand for nylon products from India and China in the APAC region is one of the key factors for the growth of the dodecanedioic acid market. The sudden growth of the construction and automotive industries, and the increased demand for paints and coatings will enhance the growth of the dodecanedioic acid market. Nylon is also used to manufacture thermoplastics.
Further, the report states that one challenge in the market is threat of substitutes. Sebacic acid is one of the major substitutes to dodecanedioic acid and is used in the production of plasticizers, nylon, synthetic resins, and lubricants. Sebacic acid is used extensively in the production of plasticizers due to its superior properties. Sebacic acid is used as stabilizers in polyvinyl chloride (PVC) due to its low temperature. Sebacic acid is used in the production of saturated and unsaturated polyester resins. In addition, it is used to manufacture lubricants that are used in the automobile industry.
BEYO Chemical, Cathay Industrial Biotech, Evonik Industries, UBE INDUSTRIES, Verdezyne, Merck, Nantong Senos Biotechnology, Santa Cruz Biotechnology, and Zibo Guantong Chemical.
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