Dodecanedioic Acid (DDDA) Market Size potential worth $599.5 million by 2023

Dodecanedioic Acid (DDDA) Market size was 78.8 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 7.2% 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.
    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 R&D for utilization of biological processing methods for various applications.
    But Palmary Chemical used Microbial Fermentation Technologies to prouce high-quality and high purity DDDA and Undecanedioic Acid in China. Palmary Chemical has been exporting their products to the world, so we can imgine in nea future, Palmary Chemical take important role of Long-chain dicarboxylic Acid suppliers in this whole world.
    For more information please refer to the individual technical data sheet or contact PALMARY CHEMICAL by email ([email protected]) or SKYPE ID: palmarychem

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