Octadecanedioic Acid

Octadecanedioic Acid

Global Octadecanedioic Acid Market to Reach US$12.3 Million by 2030

The global market for Octadecanedioic Acid estimated at US$9.1 Million in the year 2023, is expected to reach US$12.3 Million by 2030, growing at a CAGR of 4.4% over the analysis period 2023-2030. Polyester Polyols Application, one of the segments analyzed in the report, is expected to record a 4.5% CAGR and reach US$6.6 Million by the end of the analysis period. Growth in the Lubricating Oils Application segment is estimated at 4.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.4 Million While China is Forecast to Grow at 6.7% CAGR

The Octadecanedioic Acid market in the U.S. is estimated at US$2.4 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.6 Million by the year 2030 trailing a CAGR of 6.7% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.7% and 3.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.

Global Octadecanedioic Acid Market – Key Trends & Drivers Summarized

What Is Octadecanedioic Acid, and How Is It Used in Industrial Applications?
Octadecanedioic acid (ODDA) is a long-chain dicarboxylic acid primarily used as a raw material in the production of polymers, lubricants, and coatings. Its unique chemical properties, including its ability to enhance flexibility and durability, make it an essential component in high-performance materials. ODDA is commonly used in the manufacturing of nylon and other polyamides, which are applied in industries ranging from automotive to textiles. Additionally, it is used as an intermediate in the synthesis of surfactants, adhesives, and corrosion inhibitors. As industries look for materials that offer high durability and resistance to extreme conditions, ODDA is increasingly in demand for its versatile applications.

How Are Innovations in Green Chemistry Influencing the Octadecanedioic Acid Market?
Green chemistry innovations are reshaping the octadecanedioic acid market, with a growing focus on sustainable and bio-based production methods. Traditional ODDA production relies on petrochemical processes, but increasing environmental concerns have led to the development of bio-based alternatives derived from renewable feedstocks. This shift is being driven by the global trend toward reducing carbon footprints and enhancing sustainability in industrial processes. Bio-based ODDA offers comparable performance to its petrochemical counterpart while providing a greener alternative for manufacturers. Additionally, advancements in biotechnology are improving the efficiency of bio-based ODDA production, making it a more commercially viable option in various industries, including automotive, textiles, and personal care.

How Is the Demand for High-Performance Materials Shaping the Market for Octadecanedioic Acid?
The rising demand for high-performance materials in industries such as automotive, aerospace, and electronics is driving the need for octadecanedioic acid. In the automotive industry, ODDA is used in the production of nylon and other polyamides that offer superior strength, flexibility, and heat resistance, making them ideal for components exposed to harsh environments. Similarly, the electronics industry relies on ODDA-derived polymers for insulation and durability in electronic devices. The growing emphasis on lightweight, durable materials in manufacturing is further increasing the demand for ODDA, as it helps improve the performance and longevity of various products. Moreover, as industries seek materials with better environmental credentials, the shift toward bio-based ODDA is gaining momentum.

Growth in the Octadecanedioic Acid Market Is Driven by Several Factors
Growth in the octadecanedioic acid market is driven by several factors, including the increasing demand for high-performance polymers, advancements in bio-based production technologies, and the rising focus on sustainability in industrial processes. As industries like automotive, electronics, and textiles continue to require durable and flexible materials, ODDA plays a key role in enhancing product performance. The shift toward bio-based ODDA production, driven by environmental regulations and consumer preferences for greener products, is also fueling market growth. Additionally, innovations in green chemistry and biotechnology are making bio-based ODDA more commercially viable, expanding its use across a wide range of industries. The rising adoption of lightweight materials in manufacturing, coupled with growing environmental awareness, is further propelling the demand for octadecanedioic acid.

Select Competitors (Total 44 Featured) -

• BASF SE
• Cathay Industrial Biotech Ltd.
• Chengdu Pukang Biotechnology Co., Ltd.
• Croda International Plc
• Henry Franc SAS
• Larodan AB
• Nanjing Redsun Optical Co., Ltd.
• TCI America, Inc.
• The Chemical Company
• Xiamen Sinopeg Biotech Co., Ltd.

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