Market Size of Dodecanedioic Acid (DDDA) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Dodecanedioic Acid (DDDA) Market Analysis
The dodecanedioic acid (DDDA) market is expected to register a CAGR of more than 5% during the forecast period. COVID-19 negatively impacted the market in 2020. However, the market is now estimated to reach pre-pandemic levels and is expected to grow steadily.
- The growing demand for plastic resin in adhesives, automotive, and construction applications is expected to drive market growth.
- However, the hazards related to dodecanedioic acid specified by OSHA will likely hinder the studied market's growth.
- The increasing R&D in bio-based dodecanedioic acid production will likely provide opportunities for the dodecanedioic acid (DDDA) market over the forecasted period.
- Asia Pacific dominated the market globally, increasing consumption from countries like India, China, and Malaysia.
