The global octadecanedioic acid (ODDA) market was valued at USD 8.6 million in 2023 and is expected to grow at a CAGR of 4.4% over the forecast period 2024-2032. This growth is primarily driven by the increasing demand for biodegradable polymers, particularly in automotive, textiles, construction, and consumer goods industries. The rising focus on sustainable and eco-friendly materials, coupled with regulatory compliance pushing manufacturers toward environmentally safe chemicals, is significantly influencing market trends. Furthermore, advancements in polymer synthesis and expanding applications in coatings, lubricants, and cosmetics are contributing to market expansion.
The polyester polyols segment holds a dominant share in the market due to ODDA’s ability to enhance chemical resistance, durability, and flexibility. Polyester polyols are widely used in automotive coatings, adhesives, and high-performance industrial materials. The cosmetics segment is projected to grow at the highest CAGR of 5.1%, owing to increasing consumer awareness regarding skincare and anti-aging formulations. ODDA is gaining prominence in moisturizers, lotions, and personal care products due to its hydration and skin elasticity-enhancing properties.
Regulatory policies supporting the use of bio-based and non-toxic materials have further accelerated ODDA adoption. Governments in North America and Europe are implementing strict environmental norms, prompting industries to shift toward biodegradable and renewable chemicals. Additionally, Asia-Pacific is expected to exhibit the highest growth due to rapid industrialization, infrastructure expansion, and growing consumer preference for sustainable materials. Countries like China, India, and Japan are investing heavily in automobile, textile, and electronics industries, creating a strong demand for ODDA-based materials.
Geographically, North America led the market with a 30.9% share in 2023, owing to its well-established chemical manufacturing sector and rising R&D investments. The Asia-Pacific region is anticipated to witness the fastest growth, with a CAGR of 5.6%, driven by urbanization, increasing disposable incomes, and demand for advanced polymer applications. Germany remains the leading market in Europe, benefiting from strong chemical production capabilities and stringent regulatory frameworks encouraging eco-friendly alternatives.
Major Market Players Included in This Report:
• Procter & Gamble
• Larodan AB
• Cathay Biotech Inc.
• Tokyo Chemical Industry (India) Pvt. Ltd.
• INDOFINE Chemical Company, Inc.
• XIAMEN SINOPEG BIOTECH CO., LTD.
• Hunan Huateng Pharmaceutical Co., Ltd.
• BASF SE
• Arkema Group
• Evonik Industries AG
• Solvay S.A.
• Clariant AG
• Eastman Chemical Company
• Merck KGaA
• Croda International Plc
The Detailed Segments and Sub-Segment of the Market Are Explained Below:
By Application:
• Polyester Polyols
• Cosmetics
• Powder Coatings
• Lubricating Oils
• Others
By Region:
• North America
U.S.
Canada
• Europe
Germany
U.K.
France
Spain
Italy
Rest of Europe
• Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
• Latin America
Brazil
Mexico
Rest of Latin America
• Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Years Considered for the Study Are as Follows:
• Historical Year – 2022
• Base Year – 2023
• Forecast Period – 2024 to 2032
Key Takeaways:
• Market Estimates & Forecast for 10 years (2022-2032).
• Annualized revenues and regional-level analysis for each market segment.
• Competitive landscape with detailed profiles of key market players.
• In-depth examination of supply-demand dynamics and value chain analysis.
• Analysis of regulatory frameworks and their impact on market expansion.
• Emerging trends in material science and biodegradable chemical applications.
• Strategic recommendations for industry stakeholders to capitalize on market opportunities.
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- Chapter 1. Global Oil Dispersible Color Market Executive Summary
- 1.1. Global Oil Dispersible Color Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Product
- 1.3.2. By Application
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
- Chapter 2. Global Oil Dispersible Color Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer’s Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory Frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
- Chapter 3. Global Oil Dispersible Color Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Rising demand for natural and organic colorants
- 3.1.2. Stringent regulations favoring natural food additives
- 3.1.3. Expansion of the clean-label movement in food and personal care sectors
- 3.2. Market Challenges
- 3.2.1. High costs associated with natural color extraction
- 3.2.2. Stability and solubility concerns with oil-dispersible colors
- 3.3. Market Opportunities
- 3.3.1. Innovation in extraction and microencapsulation technologies
- 3.3.2. Expansion in emerging markets such as Latin America and MEA
- 3.3.3. Growth of plant-based and sustainable product lines
- Chapter 4. Global Oil Dispersible Color Market Industry Analysis
- 4.1. Porter’s 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter’s 5 Force Model
- 4.1.7. Porter’s 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunities
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
- Chapter 5. Global Oil Dispersible Color Market Size & Forecasts by Product (2022-2032)
- 5.1. Segment Dashboard
- 5.2. Global Oil Dispersible Color Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 5.2.1. Natural
- 5.2.2. Synthetic
- Chapter 6. Global Oil Dispersible Color Market Size & Forecasts by Application (2022-2032)
- 6.1. Segment Dashboard
- 6.2. Global Oil Dispersible Color Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 6.2.1. Food & Beverages
- 6.2.2. Personal Care
- 6.2.3. Pharmaceuticals
- Chapter 7. Global Oil Dispersible Color Market Size & Forecasts by Region (2022-2032)
- 7.1. North America Oil Dispersible Color Market
- 7.1.1. U.S. Oil Dispersible Color Market
- 7.1.1.1. Product breakdown size & forecasts, 2022-2032
- 7.1.1.2. Application breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Oil Dispersible Color Market
- 7.1.3. Mexico Oil Dispersible Color Market
- 7.2. Europe Oil Dispersible Color Market
- 7.2.1. U.K. Oil Dispersible Color Market
- 7.2.2. Germany Oil Dispersible Color Market
- 7.2.3. France Oil Dispersible Color Market
- 7.2.4. Spain Oil Dispersible Color Market
- 7.2.5. Italy Oil Dispersible Color Market
- 7.2.6. Rest of Europe Oil Dispersible Color Market
- 7.3. Asia Pacific Oil Dispersible Color Market
- 7.3.1. China Oil Dispersible Color Market
- 7.3.2. India Oil Dispersible Color Market
- 7.3.3. Japan Oil Dispersible Color Market
- 7.3.4. Australia Oil Dispersible Color Market
- 7.3.5. South Korea Oil Dispersible Color Market
- 7.3.6. Rest of Asia Pacific Oil Dispersible Color Market
- 7.4. Latin America Oil Dispersible Color Market
- 7.4.1. Brazil Oil Dispersible Color Market
- 7.4.2. Mexico Oil Dispersible Color Market
- 7.4.3. Rest of Latin America Oil Dispersible Color Market
- 7.5. Middle East & Africa Oil Dispersible Color Market
- 7.5.1. Saudi Arabia Oil Dispersible Color Market
- 7.5.2. South Africa Oil Dispersible Color Market
- 7.5.3. Rest of Middle East & Africa Oil Dispersible Color Market
- Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Sensient Technologies Corporation
- 8.1.2. Chr. Hansen Holding A/S
- 8.1.3. Roha Dyechem Pvt. Ltd
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Sensient Technologies Corporation
- 8.3.2. DDW The Color House
- 8.3.3. Chr. Hansen Holding A/S
- 8.3.4. Roha Dyechem Pvt. Ltd
- 8.3.5. GNT Group
- 8.3.6. Lycored
- 8.3.7. Naturex (a Givaudan company)
- 8.3.8. AromataGroup
- 8.3.9. Kalsec Inc
- 8.3.10. Fiorio Colori S.p.A.
- Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- List of Tables
- TABLE 1. Global Oil Dispersible Color market, report scope
- TABLE 2. Global Oil Dispersible Color market estimates & forecasts by Region 2022-2032 (USD Million)
- TABLE 3. Global Oil Dispersible Color market estimates & forecasts by Product 2022-2032 (USD Million)
- TABLE 4. Global Oil Dispersible Color market estimates & forecasts by Application 2022-2032 (USD Million) …
- This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.
- List of Figures
- FIGURE 1. Global Oil Dispersible Color market, research methodology
- FIGURE 2. Global Oil Dispersible Color market, market estimation techniques
- FIGURE 3. Global market size estimates & forecast methods
- FIGURE 4. Global Oil Dispersible Color market, key trends 2023 …
- This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.
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