DDDA market size potential worth $599.5mn by 2023

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The Big Picture of DDDA market by 2023
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analysis/dodecanedioic-acid-DDDA-market
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Global Market Scenario of DDDA Chemical
Dodecanedioic Acid (DDDA) Market size was 58.8
kilo tons in 2015, as per the latest research
report by Global Market Insights, Inc. Strong
production outlook for nylon 6,12 due to wide
application scope for manufacturing greases,
polyesters, coatings, fragrances detergents and
adhesives and should drive global DDDA market
size.  Dodecanedioic acid market size may reach
USD 599.5 in revenue by 2023. Nylon 6,12 is used
for engineering thermoplastics production due to
superior heating properties. This has stimulated
nylon 6,12 industry demand over the past few
years and this trend is expected to continue
throughout the forecast period.  Powder coating
applications may grow significantly at 6.2 CAGR.
Strong application scope for paints and powder
coatings production owing to high effectiveness
and growth of automobiles construction industry
may drive DDDA market size. Rise in focus on
protective coatings usage in the past few years
has resulted in significant growth of
dodecanedioic acid market in the recent times.
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Continue.....
Increasing corrosion inhibitors demand for water
treatment, pulp paper and chemical facilities
may subsequently drive DDDA market
growth.   Increasing focus for developing
sustainable routes based on biomass owing to
depleting fossil fuel reserves may favor DDDA
market growth. Renewable feedstock has provided
the manufacturers with cost reduction
opportunities and improved penetration in heavily
regulated market such as Europe and North
America. Cathay Industrial Biotech, Verdezyne
Inc., Invista, and Evonik Industries are spending
on RD for utilization of biological processing
methods for various applications.  Verdezyne
uses biobased feedstock which includes, plant
oils, fatty acids, soap stocks, palm oil, palm
kernel and distillates of fatty acid followed by
yeast fermentation. Dodecanedioic acid produced
from this process can be used as chemical
intermediate in production of polymers, coatings,
and fibers. 
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-analysis/dodecanedioic-acid-DDDA-market F
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U.S. DDDA market share, by application, 2015 (KT)
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