12-Aminododecanoic Acid Market Size, Share & Trends Analysis Report By Types, By End-Use, Region, And Segment Forecasts, 2023 To 2030

The global 12-Aminododecanoic Acid is a type of fatty acid that is used in various industries such as pharmaceutical, cosmetics, and lubricants and plasticizers. The 12- Aminododecanoic acid is expected to experience significant growth in the coming years due to its wide range application.

The 12- Aminododecanoic Acid is majorly get used in production of surfactants, which are used in production of various types of surfactants, which are used in personal care and household products such as detergents, shampoo, soaps. Thus, the rising cosmetic and household industry is driving the demand for the 12- Aminododecanoic Acid. Further, 12- Aminododecanoic Acid is used as a precursor in the production of other chemicals, such as aliphatic polyamides and aliphatic diols, which are used in the production of various types of resins and polymers. The increasing demand for these materials in various industries such as automotive, construction and packaging is driving the market.

Moreover, government across the globe have set regulations regarding the use of this chemical in various industries. With the increasing demand for environmentally- friendly products, the demand for 12- Aminododecanoic Acid is growing as it is a sustainable and biodegradable alternative to other chemicals. However, high production cost, and availability of alternatives is the major restrain of the 12- Aminododecanoic Acid market. The amino acid such as L- lysine which is widely available and cost effective alternative which is reducing the demand of 12- Aminododecanoic Acid market.

The 12- Aminododecanoic Acid market is broadly segmented into types, and end-use. The type is segment into Lauroyl- L- arginine ethyl ester (LAE), Lauric Acid, lauroyl peroixed, and Lauroyl cholride. Further, the end-use segment is divided into pharmaceutical, cosmetic, household, and others. Lastly, the manufacturing process is segments into microbial fermentation, decarboxylation, hydrogenation, and Amination.

Some of the key players operating in the market include Tokoyo Chemical Industry Co., Ltd., Santa Cruz Biotechnology, Inc., Wako Pure Chemical Industries, Ltd., Haihang Industry Co., Ltd., Arkema Group, Zhonglan Industry Co., Ltd., Henan Coreychem Co., Ltd., Alfa Aesar, TCI Development Co., Ltd., and Sigma- Aldrich Corporation. Prominent players involved in the marketplace are continuously focusing on business expansion activities through acquisition, partnerships, and research and development across the value chain.