The dodecanedioic acid market is estimated to be valued at USD 544.7 Mn in 2024, exhibiting a compound annual growth rate (CAGR) of 4.8% from 2024 to 2031. Dodecanedioic acid is an organic compound belonging to the class of alkanedioic acids. It is a white solid that is insoluble in water but soluble in organic solvents. Dodecanedioic acid finds applications in the production of polyester polyols, polyamide resins, lubricating oil additives, and nylon manufacturing. It is produced synthetically by oxidizing 1-dodecanol or through fermentation of microorganisms. Rising demand from various end-use industries like construction, automotive, and packaging is fueling the growth of the dodecanedioic acid market.

 Market Dynamics:

The dodecanedioic acid market is witnessing significant growth driven by factors such as growing demand from polyamide resin manufacturers and increasing application in lubricating oil formulations. Polyamide resins derived from dodecanedioic acid exhibits properties like excellent chemical resistance, weatherability, and oil resistance. This makes them suitable for coatings, adhesives, and electrical insulation applications. The extensive use of polyamide resins in the construction, automotive, and industrial sectors is driving polyamide production, which, in turn, is boosting the demand for dodecanedioic acid. Moreover, dodecanedioic acid finds application as a specialty additive in engine and industrial lubricating oils to improve oxidative stability, corrosion protection, and viscosity properties. The growing automobile industry worldwide is fueling the consumption of lubricating oils, thereby propelling the dodecanedioic acid market forward. However, the availability of substitute products and volatile raw material prices can act as restraints. On the positive side, the expansion of end-use industries, coupled with research & development of innovative applications, are expected to create new opportunities for market players over the forecast period.

 Key Features of the Study:

• This report provides in-depth analysis of the global dodecanedioic acid market, and provides market size (MT) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global dodecanedioic acid market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Invista, Verdezyne, BASF SE, Cathay Industrial Biotech, UBE Industries, Santa Cruz Biotechnology, Cathay, Evonik, BEYO Chemical Co., Ltd., Chemceed, Evonik Industries AG, Haihang Industry, Selleck Chemicals, Serena Chemicals, and TCI Chemicals (India) Pvt. Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global dodecanedioic acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global dodecanedioic acid market

Detailed Segmentation-

• By Application:
• • Resins
  • Powder Coatings
  • Adhesives
  • Lubricants
  • Others (Pharmaceutical, Fragrance, etc.)
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • Invista
  • Verdezyne
  • BASF SE
  • Cathay Industrial Biotech
  • UBE Industries
  • Santa Cruz Biotechnology
  • Cathay
  • Evonik
  • BEYO Chemical Co., Ltd.
  • Chemceed
  • Evonik Industries AG
  • Haihang Industry
  • Selleck Chemicals
  • Serena Chemicals
  • TCI Chemicals (India) Pvt. Ltd.