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Dodecanedioic acid is generally made from butadiene using a chemical process of 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 oxidized further by nitric acid.
Increase in demand for lubricants and adhesives would eventually boost demand for 1,12 dodecanedioic acid. Rising investment of nylon producers for design and technology for product innovation is considered to have a strong influence on the market over the forecast period. The increase in demand for paints and coatings is designed to spur particularly in powder coatings thus projected to fuel demand for 1,12 dodecanedioic acid. However, problems such as rising cost of raw materials and development, serve as constraints on the growth of the 1,12 dodecanedioic acid industry.
Key Market Driver -
The rise in demand for paints and coating drives the market
Key Market Restraint -
High prices and high competition restrict the market growth
Based on type, the market for global 1,12 dodecanedioic acid is further segmented into Purity 98% and Purity 99%. Based on application, the market for global 1,12 dodecanedioic acid is further segmented into coating, adhesive, resin, flavor and fragrance. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global 1,12 dodecanedioic acid market is fairly fragmented, with a number of global & regional players operating. Some of the key players in the global 1,12 Dodecanedioic Acid market include Ube Industries, Evonik Industries, Invista, Verdezyne, BASF SE, Avantor, Wego Chemical Group, Santa Cruz Biotechnology, 3M, Zibo Guangtong Chemical, BEYO Chemical, Cathay Industrial Biotech and others.
In terms of Geography, the global 1,12 dodecanedioic acid market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia-Pacific region dominates the global demand of 1,12 dodecanedioic acids. It is predicted that rapid industrialisation in developing countries will increase market demand. A surge in demand for nylon from developing countries can be due to beneficial attributes in the auto industry, such as durability, heat tolerance and high scratch resistance. These attributes resulted in higher use of the products in the automotive industry. Due to increased application in nylon, North America holds an significant share in the industry. Strong demand for screws, and fabrics is also fueling nylon production. In addition, Mexico is a center for producing vehicles. Therefore, rising market demand for expensive cars on a world basis is anticipated to push the region 's demand for dodecanedioic acid. Europe is projected to develop prominanty during the forecast period due to increasing development of powder coatings in industries such as in Germany. In addition, players are seeing product advances as a key business opportunity. Strong growth for bio-adhesives is expected to deliver potential profitable positions for bio-dodecanedioic acid. The rise in the use of nylon in the production of high-performance thermoplastics owing to its thermal properties is pattern in the Middle East and African regions. Latin America seems to face sluggish growth in the market due the the government interventions.
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