Dodecanedioic acid, also known as DDDA, is an organic compound that is widely used as a monomer for the production of nylon 12, nylon 12/12, and copolyamides. It is known for its high strength, elasticity and transparency properties. The global dodecanedioic acid market size was valued at US$ 640 Mn in 2023. The growing demand for engineering plastics from the automotive and electronics industries has propelled the demand for nylon, which in turn has augmented the consumption of dodecanedioic acid significantly.

The global dodecanedioic acid market is estimated to be valued at US$ 720.37 Mn in 2024 and is expected to exhibit a CAGR of 8.9% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The increasing adoption of nylon in the automotive industry has been a key growth driver for the dodecanedioic acid market. Nylon finds wide application in the manufacture of lightweight components, oil pans, and gears among other parts owing to its high strength and elasticity. With the global automotive production expected to grow at a CAGR of 3% during the forecast period, the consumption of nylon and consequently dodecanedioic acid is likely to witness significant gains. Furthermore, the rising demand for engineering plastics from the electronics industry is augmenting the sales of nylon 12 which in turn is propelling the growth of the dodecanedioic acid market. The production of smartphones, tablets, and laptops involves the use of nylon 12 due to its high heat resistance and durability.

Segment Analysis
The global dodecanedioic acid market is dominated by its applications in lubricant production. Dodecanedioic acid is a key raw material for the production of polyamide 12 (PA 12), a versatile engineering plastic with lubricating properties. Over 60% of global dodecanedioic acid production is utilized for manufacturing PA 12 through polycondensation. PA 12 finds wide use as an additive in automotive and industrial lubricants to reduce friction. The demand for high-performance and fuel-efficient vehicles has driven the consumption of dodecanedioic acid in the lubricant industry.

Key Takeaways

The global dodecanedioic acid market analysis is estimated to be valued at US$ 720.37 Mn in 2024 and is expected to exhibit a CAGR of 8.9% over the forecast period 2024 to 2031.

Regional analysis
The Asia Pacific region leads the global dodecanedioic acid market and accounts for over 50% of the worldwide production. China dominates the regional as well as the global market landscape due to presence of various dodecanedioic acid producers. Numerous key market players have established manufacturing facilities in China to leverage the low production costs and cater to the huge demand from domestic industries. North America and Western Europe are other major consumers driven by their vibrant automotive sectors.

Key players
Key players operating in the dodecanedioic acid are The Coconut Company (UK) Ltd., Tirumala Food Industries, Enature Organic Products, Ayam Sarl, Nestlé S.A., Renuka Foods PLC, S & P Industries Sdn Bhd, Shriram Coconut Products Limited, Star Heritage Products, and Pulau Sambu Singapore Pte Ltd.

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