Title: Dodecanedioic Acid Market - Forecast (2023 - 2028)
1Dodecanedioic Acid Market Market size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2021-2026
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- The Dodecanedioic Acid Market size is estimated
to grow at a CAGR of 5.6 during the forecast
period 2022-2027 and reach US1.1 billion by
2027. Dodecanedioic acid is a dicarboxylic acid
that can be produced using butadiene or paraffin
wax as its primary material. They are primarily
used in a wide range of applications which
include surfactants, painting materials,
engineering plastics and more. The growth of the
automotive and cosmetic personal care
industries is expected to drive the growth of the
dodecanedioic acid market size in the upcoming
years.
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- Key Takeaways
- Paints coating industry held the largest share
in the Dodecanedioic Acid Market in 2021, owing
to the increasing demand for dodecanedioic acid
from the coating sector across the world. - Asia-Pacific dominated the Dodecanedioic Acid
Market in 2021, owing to its increasing demand
from the coating sector in the region. For
instance, in July 2019, Asian Paints commenced
the commercial production of coatings and
intermediaries in the Mysore plant in India, with
a total capacity of 211,888 tons per annum. - A detailed analysis of strengths, weaknesses,
opportunities and threats will be provided in the
Dodecanedioic Acid Market Report. -
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By Distribution Channel- Segment Analysis The
paint materials segment held a significant
Dodecanedioic Acid Market share of over 20 in
2021, owing to the increasing demand for
dodecanedioic acid for use in the production of
resins, adhesives to manufacture paints and
coating. The properties of dodecanedioic
acid such as high corrosion resistance, thermal
stability, chemical resistance and enhanced
performance make it ideal for use in such
applications. For instance, in 2021, Nippon
Paints Group made medium to long-term investments
for upgrading and streamlining industrial
facilities in Japan from 2021 to 2023 to boost
the production of paints and coatings in the
country.
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- Dodecanedioic Acid Market
Outlook -
- BASF SE
- Evonik Industries AG
- Cathay Biotech Inc.
- ChemCeed LLC
- Santa Cruz Biotechnology Inc.
- Selleck Chemicals
- Merck KGaA
- Toronto Research Chemicals
-
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Dodecanedioic Acid Market Forecast
(2023 - 2028) Learn More About the Report _at_
https//www.industryarc.com/Report/16033/dodecane
dioic-acid-market.html
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- You Can Customize the Report as Per Your Need.
We have included Some Customization Options - Company Profile
- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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