Dodecanedioic acid (DDDA) is an alpha, omega-dicarboxylic acid that is dodecane in which the methyl groups have been oxidised to the corresponding carboxylic acids. DDDA is a C12 dibasic acid/dicarboxylic acid. It is a white solid with a flaky form in terms of physical appearance. At room temperature, the compound has a melting point of 128° C and is insoluble in water. However, solubility rapidly increases with higher temperatures. Dodecanedioic acid has a long shelf life of around three years, depending upon the storage method. DDDA is a dicarboxylic acid mainly used in antiseptics, top-grade coatings, painting materials, corrosion inhibitors, surfactants, and engineering plastics such as nylon 6/12.
The global dodecanedioic acid market is expected to surpass US$ 1,074.0 million by the end of 2030 in terms of revenue, exhibiting a CAGR of 7.7% during the forecast period (2022 to 2030).
Increase in usage of dodecanedioic acid in nylon materials, coupled with rising automotive industry. The most common types of resins are nylon 6, nylon 6/6, and nylon 6/12, which are manufactured using dodecanedioic acid. Moreover, dodecanedioic acid is used in the production of engineering plastics such as polyamide resins; a high-performance nylon 6-12. It is reacted with hexamethylenediamine to make nylon 6/12 used in automotive parts. Furthermore, dodecanedioic acid is used in fuel and brake lines, adhesives, pulp & paper, chemical and industrial facilities, and surfactants. Dodecanedioic acid is majorly used in hydraulic liquids in automotive suspension, lubricants in motor oil, and break fluids. Rise in demand for dodecanedioic acid in manufacturing nylon materials, engineering plastic, and other applications is driving the global dodecanedioic acid market growth.
Among region, Asia Pacific held dominant position in the global dodecanedioic acid market in 2021, accounting for 32.9% market share, in terms of revenue, followed by North America and Europe. Due to rising consumption of the daily need products such as cosmetics in economies such as China, India, Malaysia, and Japan, which uses dodecanedioic acid in its production increases the demand in the region. Asia Pacific is expected to be the world's largest and fastest-growing region. Furthermore, supportive regulations by the government to attract more investments are expected to have a positive impact on the market. China has the world's largest plastics industry, accounting for approximately 30% of the global production. Biodegradable materials are increasingly used by Chinese plastic manufacturers. This is projected to assist China in maintaining its global position in plastics production, and in turn increase the demand for dodecanedioic acid. Moreover, Asia Pacific is the world's largest manufacturer and consumer of paints and coatings, with China, Japan, and India accounting for a significant portion of the overall share. Positive growth indicator of the regional construction and automotive industry is the key factor contributing to the market growth.
Figure 1. Global Dodecanedioic Acid Market Revenue Share (%), By Region, 2021
Harmful effects of dodecanedioic acid include irritation to eyes, respiratory system damage, and skin irritation. DDDA can cause skin inflammation in certain people when they come into contact with the chemical. Skin contact is not thought to have harmful health effects, however, the chemical may lead to health damage following entry through wounds, lesions or abrasions. People with impaired respiratory function, airway diseases, and conditions such as emphysema or chronic bronchitis may incur further disability, if excessive concentrations of the chemical is inhaled. Thus, hazardous effects of dodecanedioic acid on humans are expected to hamper the global dodecanedioic acid market growth over the forecast period.
|Base Year:||2021||Market Size in 2021:||US$ 539.1 Mn|
|Historical Data for:||2017 to 2020||Forecast Period:||2022 to 2030|
|Forecast Period 2022 to 2030 CAGR:||7.7%||2030 Value Projection:||US$ 1,074.0 Mn|
BEYO Chemical Co., Ltd., Cathay Biotech Inc., Chemceed, Evonik Industries AG, Haihang Industry, Selleck Chemicals, Serena Chemicals, TCI Chemicals (India) Pvt. Ltd., Thermo Fisher Scientific Inc., and UBE Industries, Ltd.
|Restraints & Challenges:||
Dodecanedioic acid is used in the manufacturing of polyesters. These polyesters have various applications including manufacturing of toothbrushes, cosmetics, fragrances, fuel line tubing, and others. Additionally, the use of the dodecanedioic acid in the manufacturing of antiseptics and other pharmaceutical products among others, is expected to drive the global dodecanedioic acid market growth. Therefore, surging number of cosmetic and pharmaceutical industries propels the global dodecanedioic acid market growth. Moreover, according to data published by the International Federation of Pharmaceutical Manufacturers & Associations (IFPMA), a trade association, in 2021, the research-based biopharmaceutical industry is estimated to have spent US$ 179 billion globally on biopharmaceutical R&D in 2018.
Figure 2. Global Dodecanedioic Acid Market Revenue Share (%), By Application, 2021
On the basis of application, in 2021, resins segment held largest revenue share of 63.5% in global dodecanedioic acid market. Due to rising uses in the adhesives, automotive, and construction industries, resins is expected to be the most dominant segment. Dodecanedioic acid (DDDA) is used to manufacture different types of resins such as epoxy resins, aromatic hydrocarbon resins, phenolic resins, acrylates, lattices, unsaturated polyester resins, specialty resins, and other specialty intermediates. These resins are used in a variety of industrial applications. The demand for plastic resins has increased, mainly due to the rising demand for performance plastics from the transportation and construction industry.
Global Dodecanedioic Acid Market - Impact of Coronavirus (Covid-19) Pandemic
Dodecanedioic acid are commonly used in industrial applications such as automotive, coatings, painting materials, nylon, and pharmaceutical products. All these sectors were negatively impacted in 2020, owing to lockdown in most countries since the pandemic blocked the dodecanedioic acid supply chain and caused implications for companies across a wide variety of industries. In 2020, the COVID-19 pandemic resulted in a collapse of global economic activity, with an estimated 3.5% contraction. According to data published by the International Federation of Pharmaceutical Manufacturers & Associations (IFPMA), a trade association, in 2021, the impact on the economy was reflected also on the job market, with an estimated 114 million full time equivalent jobs lost in 2020 globally. Aggressive and swift monetary, fiscal, and financial sector policies have helped prevent worse outcomes.
Key players operating in the global dodecanedioic acid market include BEYO Chemical Co., Ltd., Cathay Biotech Inc., Chemceed, Evonik Industries AG, Haihang Industry, Selleck Chemicals, Serena Chemicals, TCI Chemicals (India) Pvt. Ltd., Thermo Fisher Scientific Inc., and UBE Industries, Ltd.
Dodecanedioic acid is a chemical compound made from butadiene through a chemical reaction in multiple stages. Butadiene is first transformed into a cyclotrimerisation cycle into cyclododecatriene. It is then transformed to dodecanedioic acid by process of hydrogenation led by air exposure to a combination of ethanol and ketone in the existence of boric acid at high temperatures. In the final step, this mixture is oxidized further by nitric acid. A new yeast-based method for generating dodecanedioic acid is being developed. This would be a low-cost method. Dodecanedioic acid is a solid with a slight odour at room temperature. It is utilized in the production of compounds like polyester. There are no consumer applications for the chemical. It is employed in the manufacture of toothbrushes, cosmetics, adhesives, coatings, paints, lubricants, automotive parts, fragrances, pharmaceuticals, fuel line tubing, etc. The chemical also has laboratory usages. Dodecanedioic acid is used as a raw material for synthetic musk fragrances and a variety of organic synthesis processes. It is also used as a rust preventive agent in cutting oil.
In addition, rise in automotive industry across the globe is driving the global dodecanedioic acid market growth. For instance, according to a data published by India Brand Equity Foundation, an Indian Government export promotion agency, in December 2021, Indian automotive industry (including component manufacturing) is expected to reach Rs. 16.16-18.18 trillion (US$ 251.4-282.8 billion) by 2026.
Bio-based DDDA is predicted to replace a significant part of the demand for and use of petroleum-derived DDDA in the forthcoming years. Nonetheless, resin production is expected to remain the main application area for bio-DDDA in the forecast period. The rise of the U.S. and Canada as textile centers is expected to accelerate the penetration of resin production bases, resulting in profitable potential for dodecanedioic acid.
Furthermore, increase in demand for zero volatile organic compounds paints is expected to offer lucrative growth opportunities to the market players over the forecast period.
For instance, according to data published by the American Coatings Association (ACA), a voluntary, nonprofit trade association, in February 2020, the Asia Pacific region represents 53% of the volume and 47% of the value of the global coatings industry. China represents 60% of the entire coatings volume of APAC, which is clearly the most important coatings producer and user in the region, with India (18% of regional volume) being the second.
The market in Europe is expected to grow significantly throughout the forecast period owing to growing powder coatings production in economies such as Russia, Italy, etc. Europe is a prominent region for the dodecanedioic acid market. An increase in the use of dodecanedioic acid in nylon, engineering plastics, and painting materials is contributing to the market growth in Germany.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.