DODECANEDIOIC ACID MARKET ANALYSIS

Dodecanedioic Acid Market Size and Trends

The dodecanedioic acid market is estimated to be valued at USD 544.7 Mn in 2024 and is expected to reach USD 756.3 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.8% from 2024 to 2031.

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Over the forecast period, growth of industries like plastics & polymers, textiles, and chemicals is expected to drive the demand for dodecanedioic acid. It is prominently used in the manufacturing of nylon which finds a wide range of applications ranging from fibers & fabrics, films & laminates to industrial engineering resins. The textile industry especially synthetic apparel manufacturing is a major consumer for nylon, thus any growth in textiles will boost the utilization of dodecanedioic acid. Additionally, the rising use of polyamide resins in coatings, adhesives, and sealants will further support the expansion of the market during the period of assessment.

Growing demand from nylon production and other end-use industries

Dodecanedioic acid finds numerous applications in the manufacturing of nylon and other specialty polymers. Its versatility and functionality make it an important intermediate in the production of nylon 12, plasticizers, polyurethanes and various coating resins. Dodecanedioic acid is a primary raw material used for manufacturing nylon 12, also known as nylon 1212 or Zytel. Nylon 12 has gained substantial acceptance owing to its engineering plastics properties like durability, strength, and resistance to oil, chemicals and moisture. It is extensively used across a wide range of applications from automotive to consumer goods. The rising automotive production worldwide along with the replacement of conventional materials with high performance plastics is fueling the demand for nylon 12. As nylon 12 production is expected to grow continuously in the coming years on account of its widespread use, it will positively influence the consumption of dodecanedioic acid.  Apart from nylon production, dodecanedioic acid also finds application as a building block in the manufacture of polybutylene adipate terephthalate (PBAT), which serves as a substitute for traditional plastics. The market is witnessing heightened awareness and regulatory push towards the adoption of bio-based and biodegradable plastics across industries. This has led to an increased focus on developing sustainable plastic alternatives derived from plant-based renewable resources. PBAT fits well within this paradigm as it is easily biodegradable but still provides desirable mechanical properties for packaging and other applications. With strict bans imposed on single-use plastics and regulations promoting bio-plastics, the demand for PBAT is projected to grow exponentially in the coming years. As PBAT manufacturing rises exponentially, it will have significant repercussions on the consumption of dodecanedioic acid as well.

Rapid capacity expansions by prominent manufacturers

Many industry leaders in the dodecanedioic acid production landscape have announced plans to expand their manufacturing capacities significantly over the coming years to meet the growing worldwide demand. For instance, a key multinational chemical company in recent times has unveiled its strategy to ramp up the dodecanedioic acid output by setting up a new integrated facility with an annual capacity of 100,000 tons in China.