Global Octadecanedioic Acid Databank Market Report

Global Octadecanedioic Acid Databank Market Report

The Octadecanedioic Acid market was valued at $7.6 Million in 2022, and is projected to reach $10.1 Million by 2031 growing at a CAGR of 3.30% from 2023 to 2031. Polyester polyols segment is expected to be the highest contributor to this market, with $3.5 Million in 2022, and is anticipated to reach $4.4 Million by 2031, registering a CAGR of 2.48%. Cosmetics segment is anticipated to reach $1.5 Million by 2031 with the highest CAGR of 5.04%. Polyester polyols and Lubricating oils segments collectively expected to account for about 66.4% share of the Octadecanedioic Acid market in 2022, with the former constituting around 46.7% share. Cosmetics and Lubricating oils segments are expected to witness significant growth rates at a CAGR of 5.04% and 4.52% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 32.7% in the overall Octadecanedioic Acid market in 2022, and is anticipated to reach 37.0% by 2031.