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Octadecanedioic Acid Market Size
- Report ID: GMI6736
- Published Date: Sep 2023
- Report Format: PDF
Octadecanedioic Acid Market Size
Octadecanedioic Acid Market size was valued at around USD 8.4 million in 2023 and is anticipated to grow at a CAGR of 4.6% between 2024 and 2032. The use of octadecanedioic acid as a monomer or building block in the production of high-performance polymers, resins, and polyesters. Octadecanedioic acid imparts desirable properties such as high melting points, excellent thermal stability, and resistance to chemicals.
The application of octadecanedioic acid as a softening and lubricating agent in textile processing. Octadecanedioic acid can improve the feel and texture of fabrics and enhance their anti-static properties.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Octadecanedioic Acid Market Size in 2023: | USD 8.4 million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 4.6% |
| 2032 Value Projection: | USD 12.5 million |
| Historical Data for: | 2018 to 2023 |
| No. of Pages: | 150 |
| Tables, Charts & Figures: | 137 |
| Segments covered: | Polyester Polyols, Lubricants and Greases, Powder Coatings, Personal Care |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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One of the challenges is the limited awareness and understanding of ODDA's potential applications. ODDA production can involve complex synthesis processes, potentially leading to higher production costs compared to other alternatives. ODDA is typically derived from natural sources, and its availability might be affected by factors such as crop yield variations or changes in agricultural practices. Thus, the risks associated with octadecanedioic acid may drive down the acceptance rate, further hampering the business growth.
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Octadecanedioic Acid Market Scope
