Ocean View, Delaware, June 22, 2017 (GLOBE NEWSWIRE) --
Global DDDA Market is set to surpass USD 590 million by 2023 according to a new research report by Global Market Insights, Inc. Increasing product demand in high-performance nylon production is considered to be the major factor propelling the global DDDA market size by 2023.
In 2015, the global nylon production stood at approximately four million tons and is projected to reach six million tons by 2023. Nylon 6, 12 demand has been witnessing growth owing to the expanding paints and coatings industry will boost industry growth over the estimated period. This specialty nylon is extensively used in thermoplastic manufacturing, which finds a broad application range in polyesters, fragrances, adhesives, grease, and detergents. The above-mentioned products have a massive demand from major application areas and will subsequently drive the industry.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/422
Growing infrastructure spending is likely to propel the global DDDA market size over the projected timeframe. Escalating construction business will significantly increase the demand for paint & coating applications. It offers the required solubility characteristics with acetone, benzene, and water, which makes it desirable for paints & coatings.
Booming automotive sector due to the increasing spending dynamics will positively influence the global industry revenue. Automotive essentially require paints & coatings to protect the vehicle part against corrosion along with improving the physical appearance. In 2015, the overall automotive production was close to 90 million units and is projected to upsurge over the estimated period owing to the boost the DDDA market size by 2023.
DDDA market size is strictly regulated and directed by environmental norms regarding VOC emissions. Additionally, adipic acid and sebacic acid are being widely accepted for nylon production. The aforementioned trends may obstruct the industry share by 2033. However, increasing R&D investments toward bio-based products will present high growth avenues for the industry players.
Browse key industry insights spread across 80 pages with 53 market data tables & 16 figures & charts from the report Dodecanedioic Acid (DDDA) Market in detail along with the table of contents at:
https://www.gminsights.com/industry-analysis/dodecanedioic-acid-DDDA-market-report
In 2015, resins accounted for over 50% of the global DDDA market share. Increasing application of nylon in fabrics, screws, and gears will positively impact the business growth by 2033.
The overall DDDA market share for powder coatings shall witness the maximum gains at over 6% CAGR by 2023. Cumulating demand for paints and coatings across the automotive and construction industry will positively impact demand. The product usage in paint & coatings offers higher corrosion resistance, resistance & protection against chemicals, and superior finish.
In 2015, North America industry revenue was more than USD 100 million, primarily on account of demand from the U.S. The enormous automotive customer base in the country along with rising renovation practices in the region will positively influence the regional growth in the coming years. In 2015, Asia Pacific formed the largest chunk in the DDDA market size and shall observe maximum growth at over 6% over the projected period. Increasing construction spending in India and China accompanied with growing regional automotive industry will propel growth.
In 2015, the global DDDA market size was highly consolidated with four major industry players, contributing approximately 50% of the global share. Key companies in the global DDDA market share are UBE, Verdezyne, Cathay, BASF SE, Invista, Santa Cruz Biotechnology, Zibo Guangtong Chemical, and Evonik.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/422
Browse Related Reports:
- Acetic Acid Market Size 2017 – 2024
Acetic Acid Market size was over USD 8.6 billion in 2016 and is estimated to witness a growth of 8.7% over the projected time span. Acetic acid acts as an intermediary for formulating coatings, greases, polyester, and sealants that have applications in diversified industries such as electronics, automotive, textiles, and packaging. Increasing trend amongst youngsters for fashionable apparels and superior quality fabrics produced by mills is augmenting the textile industry.
https://www.gminsights.com/industry-analysis/acetic-acid-market
- Stearic Acid Market Size 2016 – 2024
Stearic Acid Market size was over 5,000 kilo tons in 2015 and it is forecast cross 7000 kilo tons by 2024 with estimated gains of more than 3% CAGR. Stearic acid is extensively used in personal care products including shampoos, soaps and shaving creams. It offers versatility, thickening, binding, stability and enhanced shelf life which makes them preferred in the personal care products usage.
https://www.gminsights.com/industry-analysis/stearic-acid-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://www.gminsights.com/blogs
Connect with us: Facebook | Google+ | LinkedIn | Twitter