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DDDA market size potential worth $599.5mn by 2023

Dodecanedioic Acid (DDDA) market size is set to increase from over 55 kilo tons in 2015, growing at more than 5.2% CAGR up to 2023.

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DDDA market size potential worth $599.5mn by 2023

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  1. The Big Picture of DDDA market by 2023 Read more at @ https://www.gminsights.com/industryanalysis/dodecanedioic-acid-DDDA-market

  2. Global Market Scenario of DDDA Chemical Dodecanedioic Acid (DDDA) Market size was 58.8 kilo tons in 2015, as per the latest research report by Global Market Insights, Inc. Strong production outlook for nylon 6,12 due to wide application scope for manufacturing greases, polyesters, coatings, fragrances detergents and adhesives and should drive global DDDA market size. Dodecanedioic acid market size may reach USD 599.5 in revenue by 2023. Nylon 6,12 is used for engineering thermoplastics production due to superior heating properties. This has stimulated nylon 6,12 industry demand over the past few years and this trend is expected to continue throughout the forecast period. Powder coating applications may grow significantly at 6.2% CAGR. Strong application scope for paints and powder coatings production owing to high effectiveness and growth of automobiles & construction industry may drive DDDA market size. Rise in focus on protective coatings usage in the past few years has resulted in significant growth of dodecanedioic acid market in the recent times. For more information please browse @ https://www.gminsights.com/request-sample/detail/422

  3. Continue..... Increasing corrosion inhibitors demand for water treatment, pulp & paper and chemical facilities may subsequently drive DDDA market growth. Increasing focus for developing sustainable routes based on biomass owing to depleting fossil fuel reserves may favor DDDA market growth. Renewable feedstock has provided the manufacturers with cost reduction opportunities and improved penetration in heavily regulated market such as Europe and North America. Cathay Industrial Biotech, Verdezyne Inc., Invista, and Evonik Industries are spending on R&D for utilization of biological processing methods for various applications. Verdezyne uses biobased feedstock which includes, plant oils, fatty acids, soap stocks, palm oil, palm kernel and distillates of fatty acid followed by yeast fermentation. Dodecanedioic acid produced from this process can be used as chemical intermediate in production of polymers, coatings, and fibers. Read more at @ https://www.gminsights.com/industry-analysis/dodecanedioic-acid-DDDA-market F

  4. U.S. DDDA market share, by application, 2015 (KT) Download Brochure @ https://www.gminsights.com/request-sample/detail/422

  5. Get sample research PDF for more Professional and Technical insights @ https://www.gminsights.com/request-sample/detail/422 Latest Research Report On Oil Storage Market@ https://www.gminsights.com/industry-analysis/dodecanedioic-acid-DDDA-market

  6. Thank you You can visit us at: www.gminsights.com

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