Global 1,12-Dodecanediamine Market Size To Exceed USD 1485 Million By 2033 | CAGR of 5.93%
Category: Chemicals & MaterialsGlobal 1,12-Dodecanediamine Market Size To Exceed USD 1485 Million By 2033
According to a research report published by Spherical Insights & Consulting, the Global 1,12-dodecanediamine Market Size Expected to Grow from USD 835 Million in 2023 to USD 1485 Million by 2033, at a CAGR of 5.93% during the forecast period 2023-2033.
Get more details on this report -
Browse key industry insights spread across 267 pages with 103 Market data tables and figures & charts from the report on the "Global 1,12-Dodecanediamine Market Size, Share, and COVID-19 Impact Analysis, By Application (Nylon Production, Adhesives, Coatings, Pharmaceuticals, and Others), By End User (Automotive, Textile, Chemical, Healthcare, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/1-12-dodecanediamine-market
The 1,12-dodecanediamine market is the global trade and consumption of this chemical, which is primarily used in automotive, textile, and coating applications. A key ingredient in numerous chemical reactions, 1,12-dodecanediamine is needed to produce polyamides, which are used to create textiles and resins. The main factor propelling the expansion of this market is the increasing use of 1,12-dodecanediamine in a range of applications, such as the production of nylon, adhesives, and coatings, all of which have seen a rise in demand from a number of end-user industries, such as the textile, automotive, and healthcare sectors. Additionally, industrialization and urbanization are significant development drivers in developing nations. As Latin American and Asia Pacific countries rapidly industrialize, there is an increasing need for adhesives and coatings. The primary factors propelling the growth of the 1,12-dodecanediamine market are several. One of the main reasons is the growing need for high-performance materials in the automotive sector. Dodecanediamine is necessary for the synthesis of polyamide 12, a material that is widely used in the manufacturing of automotive components such as fuel lines, electrical connectors, and bumpers. As the automotive industry shifts to more durable and eco-friendly materials, 1,12-dodecanediamine is expected to become more necessary. Additionally, the growing need for high-quality coatings in industrial settings like electronics and construction is driving the use of this chemical. Furthermore, the growth of the 1,12-dodecanediamine market depends on the healthcare industry. However, a few problems are preventing 1,12-dodecanediamine's market from growing. One of the biggest obstacles to advancement is the volatility of raw material prices. Changes in the price of dodecanol could impact the cost structure of 1,12-dodecanediamine since it is essential for the synthesis of 1,12-dodecanediamine.
The nylon production segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the application, the global 1,12-dodecanediamine market is categorized nylon production, adhesives, coatings, pharmaceuticals, and others. Among these, the nylon production segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. This is because powders have a longer shelf life, are easier to incorporate into various products, and are more versatile than other forms.
The automotive segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the end user, the global 1,12-dodecanediamine market is categorized as automotive, textile, chemical, healthcare, and others. Among these, the automotive segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. These nylons are essential to the manufacturing of many automotive components, including engine parts, fuel systems, and interior fittings. The automotive industry's ongoing shift to lightweight materials in an attempt to reduce emissions and improve fuel efficiency is driving the demand for 1,12-dodecanediamine.
Asia Pacific is projected to hold the largest share of the global 1,12-dodecanediamine market over the forecast period.
Get more details on this report -
Asia Pacific is projected to hold the largest share of the global 1,12-dodecanediamine market over the forecast period. The presence of important hubs for the manufacture of textiles and vehicles in countries like China, India, and Japan is one of the primary drivers driving the industry in this region. Rapid urbanization and industrialization, together with increased investments in the manufacturing and infrastructure sectors, are driving up demand for 1,12-dodecanediamine.
Europe is expected to grow at the fastest CAGR growth of the global 1,12-dodecanediamine market during the forecast period. The region's established chemical, textile, and automotive industries are the main drivers of the market. The need for high-performance materials like nylon and adhesives is being driven by leading countries in these industries, such as Germany, France, and the UK. The European market is expected to grow at a moderate rate due to the increased focus on sustainable practices and the development of novel materials.
Major vendors in the global 1,12-dodecanediamine market Evonik Industries AG, BASF SE, Invista, Ascend Performance Materials, Rennovia Inc., Cathay Industrial Biotech Ltd., UBE Industries Ltd., RadiciGroup, Toray Industries Inc., Shandong Siqiang Chemical Group, and Zibo Guangtong Chemical Co., Ltd, and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global 1,12-dodecanediamine market based on the below-mentioned segments:
Global 1,12-Dodecanediamine Market, By Application
- Nylon Production
- Adhesives
- Coatings
- Pharmaceuticals
- Others
Global 1,12-Dodecanediamine Market, By End User
- Automotive
- Textile
- Chemical
- Healthcare
- Others
Global 1,12-Dodecanediamine Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?