|Market Size in 2022||Market Forecast in 2030||CAGR (in %)||Base Year|
|USD 10 Billion||USD 16 Billion||5.01%||2022|
1, 5, 9-Cyclododecatriene Market
The global 1, 5, 9-Cyclododecatriene market size was evaluated at $10 billion in 2022 and is slated to hit $16 billion by the end of 2030 with a CAGR of nearly 5.01% between 2023 and 2030.
The chemical formula for cyclododecatriene is C12H18 and belongs to the cyclic trienes class. The compound is made up of four different isomers. It belongs to the class of cyclic trienes. Moreover, it is used in the methods that require regulating of friction and wear & tear of products coming in contact with bodies moving in a relative manner. Furthermore, 1, 5, 9-cyclododecatriene is a colorless liquid and is highly toxic to skin as well as causes irritation in the eyes & the skin. It plays a key role in the manufacturing of a spectrum of compounds.
Surging capital funding in various end-use sectors will drive global market trends
A surge in the capital investment in the coatings, lubricants, and polymer sectors globally will drive the global 1, 5, 9-cyclododecatriene market trends Furthermore, escalating demand for the product from a larger number of customers and growing focus on research and development activities pertaining to developing of green and environment-friendly products will drive the growth of the global market. Moreover, rising product penetration in the automotive sector as well as the paints & coatings sector will embellish the global market expansion.
Strict government legislation can cleave the growth of the global industry over forecasting timespan
Strict government laws related to the use of the product due to its toxic effect on skin and eyes can interrupt the growth of the 1, 5, 9-cyclododecatriene industry across the globe. Apart from this, a rise in the emissions of volatile organic compounds will increase carbon footprints and this can further drag down the growth of the global industry.
Massive need for high-quality paints & coatings for automotive parts will open new growth avenues for the global market
Launching new products and strategic alliances among the firms for increasing production capacities will open new growth opportunities for the global 1, 5, 9-cyclododecatriene market in the years ahead. Increase in demand for coatings of excellent quality for automotive components to increase its longevity will further shape the growth of the market globally in the coming years.
Less access to raw components due to its huge costs can put brakes on the global industry surge over forecast timeline
Lack of availability of raw materials owing to the risk of leakage during transport of the product along with the need for effective & durable packaging can prove to be a huge challenge in the growth path of the global 1, 5, 9-cyclododecatriene industry.
The global 1, 5, 9-Cyclododecatriene market is sectored into application and region.
In modality terms, the global 1, 5, 9-Cyclododecatriene market is segregated into powder coatings & dyes, adhesives, lubricants, synthetic fiber, resin, and others segments. Furthermore, the synthetic fiber segment, which accrued nearly half of the global market revenue share in 2022, is projected to record the highest CAGR in the forecast period. The growth of the segment in the estimated timeframe can be due to a rise in the demand for products in the manufacture of synthetic fibers. Apart from this, a rise in product penetration in the textile sector will further drive the segmental surge over 2023-2030.
|Report Attributes||Report Details|
|Report Name||1, 5, 9-Cyclododecatriene Market|
|Market Size in 2022||USD 10 Billion|
|Market Forecast in 2030||USD 16 Billion|
|Growth Rate||CAGR of 5.01%|
|Number of Pages||221|
|Key Companies Covered||Nanjing Lepushi Chemical Co. Ltd., Evonik Industries AG, Arkema S.A., Henan Clife Chemical Co. LTD., Albemarle Corporation, GFS Chemicals, Jiangsu Victory Chemical Co. Ltd., BASF SE., and others.|
|Segments Covered||By Application, and By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)|
|Historical Year||2017 to 2021|
|Forecast Year||2023 - 2030|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
Asia-Pacific is anticipated to maintain global market domination over the slated timespan
Asia-Pacific, which contributed about two-thirds of the global 1, 5, 9-Cyclododecatriene market revenue in 2022, is likely to maintain its market dominance over the projected time interval. Furthermore, the regional market surge can be due to rising awareness about the benefits offered by products in the automotive and textile sectors. Apart from this, the huge presence of giant manufacturers in countries such as India and China will further spearhead for growth of the regional market in the upcoming years.
The Middle East and African 1, 5, 9-Cyclododecatriene industry is set to register the fastest CAGR in the forthcoming years owing to a rise in the use of the product in the oil & gas mining activities as well as refining of crude oil which are largely produced in the Middle East countries such as Iran, UAE, Saudi Arabia, Qatar, Iraq, and Kuwait.
The global 1, 5, 9-Cyclododecatriene market profiles key players such as:
The chemical formula for cyclododecatriene is C12H18 and belongs to the cyclic trienes class. The compound is made up of four different isomers.
The global 1, 5, 9-Cyclododecatriene market growth can be owing to a surge in capital investment in the coatings, lubricants, and polymer sectors.
According to a study, the global 1, 5, 9-Cyclododecatriene industry size was $10 billion in 2022 and is projected to reach $16 billion by the end of 2030.
The global 5, 9-Cyclododecatriene market is anticipated to record a CAGR of nearly 5.01% from 2023 to 2030.
The Middle East and African 1, 5, 9-Cyclododecatriene industry is set to register the highest CAGR over the forecasting timeline owing to a rise in the use of the product in the oil & gas mining activities as well as refining of crude oil which are largely produced in the Middle East countries such as Iran, UAE, Saudi Arabia, Qatar, Iraq, and Kuwait.
The global 1, 5, 9-Cyclododecatriene market is led by players such as Nanjing Lepushi Chemical Co., Ltd., Evonik Industries AG, Arkema S.A., Henan Clife Chemical Co., LTD., Albemarle Corporation, GFS Chemicals, Jiangsu Victory Chemical Co., Ltd., and BASF SE.
The 1, 5, 9-Cyclododecatriene market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.