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Find out the factors driving the Dodecanedioic Acid Market trends | BASF, UBE Industries Ltd., Evonik, Cathay Industrial Biotech, Invista, Zibo Guangtong Chemical, Santa Cruz Biotechnology

Find out the factors driving the Dodecanedioic Acid Market trends | BASF, UBE Industries Ltd., Evonik, Cathay Industrial Biotech, Invista, Zibo Guangtong Chemical, Santa Cruz Biotechnology

 

 
Dodecanedioic Acid Market trends are driven by increasing demand for pulp & paper, water treatment and chemical applications owing to the corrosion inhibition characteristic of DDDA over the coming years. It also finds applications in antiseptics, protective coatings, painting materials, surfactants, and top-grade coatings.

Nylon 6, 12 demand has been witnessing growth owing to the expanding paints and coatings industry will boost industry growth over the estimated period. This specialty nylon is extensively used in thermoplastic manufacturing, which finds a broad application range in polyesters, fragrances, adhesives, grease, and detergents. The above-mentioned products have a massive demand from major application areas and will subsequently drive the industry.

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Key Players are:
• UBE
• Verdezyne
• Cathay
• BASF SE
• Invista
• Santa Cruz Biotechnology
• Zibo Guangtong Chemical
• Evonik

Increasing product demand in high-performance nylon production is considered to be the major factor propelling the global DDDA market size by 2023.

Growing infrastructure spending is likely to propel the global DDDA market size over the projected timeframe. Escalating construction business will significantly increase the demand for paint & coating applications. It offers the required solubility characteristics with acetone, benzene, and water, which makes it desirable for paints & coatings.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/422

Booming automotive sector due to the increasing spending dynamics will positively influence the global industry revenue. Automotive essentially require paints & coatings to protect the vehicle part against corrosion along with improving the physical appearance.

DDDA market size is strictly regulated and directed by environmental norms regarding VOC emissions. Additionally, adipic acid and sebacic acid are being widely accepted for nylon production. The aforementioned trends may obstruct the industry share by 2033. However, increasing R&D investments toward bio-based products will present high growth avenues for the industry players.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/dodecanedioic-acid-DDDA-market-report

The overall DDDA market share for powder coatings shall witness the maximum gains at over 6% CAGR by 2023. Cumulating demand for paints and coatings across the automotive and construction industry will positively impact demand. The product usage in paint & coatings offers higher corrosion resistance, resistance & protection against chemicals, and superior finish.

North America DDDA market is expected to register a CAGR of 5.5% over the coming seven years due to booming nylon production along with presence of automobile giants such as General Motors & Ford.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com


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