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Octadecanedioic Acid Market Analysis

Report ID: GMI6736
Published Date: Sep 2023
Report Format: PDF

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Octadecanedioic Acid Market Analysis

Octadecanedioic Acid Market Size, By Application, 2021 - 2032 (USD Million)

Based on application, the octadecanedioic acid market is segmented as Polyester Polyols, Lubricants and Greases, Powder Coatings, Personal Care Products, Others. Polyester Polyols held a majority market value of USD 4.9 million in 2022. The use of ODDA as a building block for high-performance polymers, resins, and polyesters. ODDA's ability to enhance thermal stability, mechanical properties, and chemical resistance in polymer formulations.

Octadecanedioic Acid Market Revenue Share, By End-use, (2023)

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Based on end-use, the octadecanedioic acid market is segmented as Automotive, Construction, Textiles, Cosmetics, Others. Automotive held a dominant market share of around 35% in 2022 and is expected to grow at a lucrative pace till 2032. The integration of ODDA into advanced materials for automotive parts and aerospace components.

U.S. Octadecanedioic Acid Market Size, 2020- 2032 (USD Million)

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U.S. dominated the North American region with majority octadecanedioic acid market share and a revenue of USD 2.8 million in 2022 and is anticipated to expand at a significant pace from 2023-2032. ODDA enhances the properties of polymers, making them suitable for applications in automotive, aerospace, and other industries.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for octadecanedioic acid was USD 8.4 million in 2023 and will reach USD 12.5 million by 2024 due to its widespread usage as monomer or building block in the production of high-performance polymers, resins, and polyesters worldwide.

Octadecanedioic acid industry from the polyester polyols application segment recorded USD 4.9 million in 2022 due to the dire need to enhance thermal stability, mechanical properties, and chemical resistance in polymer formulations.

U.S. industry size for octadecanedioic acid registered USD 2.8 million in 2022 and will incur a significant CAGR from 2023-2032 owing to the higher application in the automotive, aerospace, and other industries of the region.

Invista, BASF SE, Dupont de Nemours, Inc., Solvay S.A., Croda International Plc, Evonik Industries AG, Lianyungang Ningkang Chem Co., Ltd., Hangzhou Dayangchem Co. Ltd., Haihang Industry Co., Ltd., and VWR International LLC are some of the major octadecanedioic acid companies worldwide.