Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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Polyester Staple Fiber Market Size Biotech Ingredients Market Size Natural Antioxidants Market Size Bioplastic Packaging Market SizeGlobal Octadecanedioic Acid Market Size to worth USD 12.94 Million by 2033
According to a research report published by Spherical Insights & Consulting, the Global Octadecanedioic Acid Market Size is Expected to Grow from USD 8.3 Million in 2023 to USD 12.94 Million by 2033, at a CAGR of 4.54 % during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Octadecanedioic Acid Market Size, Share, and COVID-19 Impact Analysis, By Application (Personal Care and Cosmetics, Lubricants, Plastics and Polymers, Food and Beverages, and Pharmaceuticals), By End-Use Industry (Automotive, Construction, Electrical and Electronics, Industrial Manufacturing, and Medical), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The octadecanedioic acid market encompasses the production, distribution, and application of a long-chain dicarboxylic acid primarily utilized in polymers, coatings, lubricants, and personal care products. Derived from petrochemical and biobased sources, octadecanedioic acid is valued for its superior thermal and chemical stability, making it a key ingredient in high-performance materials. The increasing demand for bio-based and sustainable chemicals has contributed to the rising adoption of octadecanedioic acid across various industrial sectors. Key driving factors include the growing preference for bio-based polymers and sustainable chemicals, advancements in polymer science, and the expanding application of high-performance lubricants in automotive and aerospace industries. The personal care and cosmetics sector further supports market growth, as octadecanedioic acid is increasingly incorporated into skincare formulations due to its emollient and conditioning properties. Additionally, stringent environmental regulations promoting the use of biodegradable and low-toxicity chemicals enhance market expansion. However, high production costs, limited availability of raw materials, and complex synthesis processes pose challenges to market growth.
The plastics and polymers segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the application, the octadecanedioic acid market is divided into personal care and cosmetics, lubricants, plastics and polymers, food and beverages, and pharmaceuticals. Among these, the plastics and polymers segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. This dominance is attributed to the extensive use of octadecanedioic acid in the production of polyester polyols, which are integral components in manufacturing high-performance polymers and resins. The segment is projected to continue its significant growth trajectory during the forecast period, driven by increasing demand for durable and sustainable materials across various industries.
The automotive segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the end-use industry, the octadecanedioic acid market is classified into automotive, construction, electrical and electronics, industrial manufacturing, and medical. Among these, the automotive segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. This prominence is attributed to the compound's extensive application in the production of high-performance lubricants and polymers, which are integral to automotive manufacturing. The sector is anticipated to maintain a significant compound annual growth rate (CAGR) during the forecast period, driven by the increasing demand for durable and sustainable materials in vehicle production.
North America is estimated to hold the greatest octadecanedioic acid market share over the forecast period.
North America is estimated to hold the greatest octadecanedioic acid market share over the forecast period. The region has a well-developed industrial base that favors the manufacturing and usage of the chemical compound such as ODDA. The area has numerous chemical manufacturing industries, several of which have expanded their R&D activities with a view of improving production processes and quality of products. This strong industrial infrastructure creates a favorable background to implement large production and distribution of ODA at a high level.
Europe is predicted to have the fastest CAGR growth in the octadecanedioic acid market over the forecast period. Europe is another market for ODDA as it has a reliable industrial base and a focus on environmental concerns. EPA regulations that limit the use of chemicals in the regional industries promote the use of ODDA in sustainable products such as powder coatings and bio-based lubricants. Moreover, the cosmetics industry in Europe also appreciates ODDA as a natural material that is good for the skin, which corresponds to the European trend towards organic and environmentally friendly cosmetics.
Company Profiling
Major key players in the octadecanedioic acid market are Larodan AB, Procter & Gamble, Cathay Biotech Inc., Tokyo Chemical Industry (India) Pvt. Ltd., INDOFINE Chemical Company, Inc., XIAMEN SINOPEG BIOTECH CO., LTD., Hunan Huateng Pharmaceutical Co., and Ltd.
Key Target Audience
Recent Developments
Market Segment
This study forecasts global, regional, and country revenue from 2023 to 2033. Spherical Insights has segmented the octadecanedioic acid market based on the below-mentioned segments:
Global Octadecanedioic Acid Market, By Application
Global Octadecanedioic Acid Market, By End-Use Industry
Global Octadecanedioic Acid Market, By Regional Analysis
Apr 2025 - The Global Polyester Staple Fiber Market Size is Expected to Grow from USD 34.50 Billion in 2023 to USD 54.91 Billion by 2033, at a CAGR of 4.76 % during the forecast period 2023-2033.
Apr 2025 - The Global Biotech Ingredients Market Size is Expected to Grow from USD 2.05 Billion in 2023 to USD 4.40 Billion by 2033, at a CAGR of 7.94 % during the forecast period 2023-2033.
Apr 2025 - The Global Natural Antioxidants Market Size is Expected to Grow from USD 1.10 Billion in 2023 to USD 1.64 Billion by 2033, at a CAGR of 4.07 % during the forecast period 2023-2033.
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