Global Dodecanedioic Acid Market: Demand Analysis and Growth Forecast
In the U.S., more than 30 million have diabetes, out of which 90% to 95% suffer from type 2 diabetes. Dodecanedioic acid (DDDA) is one of the solutions for muscle fatigue. Intake of it reduces muscle fatigue and improves metabolic flexibility. Therefore, with the growing prevalence of diabetes, the demand for the dodecanedioic acid market is expanding.
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Additionally, it is extensively used in the paints and coatings industry to provide zero volatile organic compounds. Therefore, altogether with its application across the pharmaceutical, automotive, and construction industry, the demand in the dodecanedioic acid market is growing.
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Global Dodecanedioic Acid Market: Disruptive Trends
- Growing applications of dodecanedioic acid in pharmaceuticals, plasticizers, polyamides, epoxy curing agents, adhesives, powder coatings, corrosion inhibitors, and fibers.
- Extensive usage of DDDA in water treatment, paper & pulp industry, and other industrial facilities
- Increasing usage of polyamide in the manufacturing of polyamide 6 and 12 is driving the demand for dicarboxylic acid.
- Rising demand for paints with zero volatile organic compounds across emerging economies wherein building and construction industries are thriving.
- IV infusion of DDDA in type 2 diabetes patients helps in maintaining the blood sugar in the normal range and good metabolic flexibility
Global Dodecanedioic acid Market: Leading Segments
The dodecanedioic market can be segmented based on product type and application. Based on the type, it can be classified into polyamides and other chemicals. Based on application, it can be bifurcated into high-performance polyamides, polyester coatings, diester synthetic lubricants, adhesives, paints and coatings, and others. Asia Pacific regions currently hold the largest share in the market, reflecting the highest gain in regional construction and automotive industry. Rapid industrialization in this region is boosting product demand for paints and coatings.
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Global Dodecanedioic acid Market: Competitive Landscape
Cathay industrial biotech, Veredezyne, lnc, Sinopec Qingjiang petrochemical Co., Ltd,
Sigma-Aldrich, and Zybo Guangtong Chemical Co., Ltd are some of the key players operating in this market. Among these, Cathay industrial biotech is a manufacturer of dodecanedioic, which is very useful as a curing agent for epoxy and acrylic resin; it improves plasticity, durability, and resistance against weather effects and also acts as a polyester modifier. It is mostly used as a pharmaceutical and chemical intermediate.
Dodecanedioic acid is a dicarboxylic acid, which is mainly used in antiseptics, pharmaceuticals, top-grade coating, painting materials, and surfactant. It provides a solution for muscle fatigue and maintains a normal range of blood sugar. It is widely used in applications such as adhesives, pharmaceuticals, fibers, polyamides and paints and coatings, and thus the market for the same is projected to grow profitably in the near future.
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