Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 10 Billion | USD 16 Billion | 5.01% | 2022 |
FrequentlyAsked Questions
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.
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