A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Dodecanedioic
Acid
Market. The
study, titled “Dodecanedioic
Acid Market - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Dodecanedioic
acid, also known as DDDA, is a dicarboxylic acid used in top-grade
coatings, antiseptics, painting materials, surfactant, corrosion
inhibitor, and engineering polymers such as nylon 612. DDDA is used
in the manufacture of corrosion inhibitors, which are comprehensively
used in water treatment, chemical, pulp & paper, and other
industrial facilities. DDDA is also used in the production of powder
coatings. Powder coatings have a number of advantages over
conventional liquids such as higher resistance to corrosion, abrasion
and chipping, high quality finish, and protection from chemicals,
heat, and moisture. Additionally, powder coatings are free from
solvents resulting in negligible volatile organic compounds (VOC)
emissions. This in turn makes the coating ecofriendly. The major
application of DDDA is polyesters, especially polyamides and epoxy
resins. IV infusion of DDDA in type 2 diabetic patients has
demonstrated that it helps in maintaining blood sugar in the normal
range without affecting the energy levels or increasing the blood
glucose in the system. It can also be used as a constituent for
corrosion resistant coats and heat transfer fluids.
Browse
Market Research Report @
The
DDDA market is expected to grow due to increasing demand in the
manufacture of nylon 612, powder coatings, adhesives, and paints.
Nylon 612 is used across a wide range of applications including
coatings, polyesters, greases, detergents, fragrances, and adhesives.
Nylon 612 is also used in the production of heat resistant
thermoplastics due to its heat resistant properties. Rising demand
for zero volatile organic compounds paints has further augmented the
global dodecanedioic acid industry. Resin was the largest application
segment, accounting for about two-thirds of the market in terms of
volume in the past year. Environmental concerns related with the
production of dodecanedioic acid could act as a restraint of the
market. Development of bio-based DDDA is expected to nullify the
perceived restraint. Bio-based DDDA is also expected to replace
approximately 30% of the petrochemical product industry in the next
few years. Powder coatings is expected to be the fastest growing
application segment of the market during the forecast period.
Asia
Pacific was the largest market for dodecanedioic acid, accounting for
over one-third share of the global market in terms of volume in the
past few years. Growing industrial activities in Asia Pacific is
expected to bolster demand for DDDA during the forecast period. China
is one of the largest producers and consumers of DDDA, accounting for
over a quarter of the global market in terms of volume. North America
and Europe accounted for about half of the global demand for DDDA in
terms of volume in the past year. Presence of several end-user
industries of DDDA in the U.S. is expected to stabilize market growth
in the region. Slowing growth of nylon production in Germany, France,
and Italy due to high manufacturing costs is anticipated to affect
the growth of the DDDA market in Europe in the next few years. The
dodecanedioic acid market in Latin America is expected to witness
significant growth due to rising industrial potential of developing
economies such as Brazil. Several governments across the globe have
undertaken initiatives toward environmental sustainability, which is
expected to encourage manufacturers in the exploration of bio-based
routes for the production of dodecanedioic acid.
Key
players in the dodecanedioic acid (DDDA) market include Evonik
Industries AG, Beyo Chemical Co. Ltd., Cathay Industrial Biotech
Ltd., Sinopec Qingjiang Petrochemical Co. Ltd., INVISTA, Zibo
Guangtong Chemical Co., Ltd., and Verdezyne, Inc.
Get
accurate market forecast and analysis on the Dodecanedioic Acid
market. Request a sample to stay abreast on the key trends impacting
this market@
The
report offers a comprehensive evaluation of the market. It does so
via in-depth insights, understanding market evolution by tracking
historical developments, and analyzing the present scenario and
future projections based on optimistic and likely scenarios. Each
research report serves as a repository of analysis and information
for every facet of the market, including but not limited to: Regional
markets, technology developments, types, applications, and the
competitive landscape.
The
study is a source of reliable data on:
- Key market segments and sub-segments
- Evolving market trends and dynamics
- Changing supply and demand scenarios
- Quantifying market opportunities through market sizing and market forecasting
- Tracking current trends/opportunities/challenges
- Competitive insights
- Opportunity mapping in terms of technological breakthroughs
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
Contact
Us
Transparency
Market Research
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
No comments:
Post a Comment