PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1681437
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1681437
Global Octadecanedioic Acid Market Size Study, By Application (Polyester Polyols, Cosmetics, Powder Coatings, Lubricating Oils), and Regional Forecasts 2022-2032
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.
Table of Contents
Chapter 1. Global Octadecanedioic Acid Market Executive Summary
- 1.1. Global Octadecanedioic Acid Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Application
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Octadecanedioic Acid 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 Octadecanedioic Acid Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Rising demand for biodegradable polymers in industrial applications
- 3.1.2. Expanding applications in automotive, textiles, and construction sectors
- 3.1.3. Advancements in bio-based chemical production processes
- 3.2. Market Challenges
- 3.2.1. High production costs impacting price competitiveness
- 3.2.2. Limited availability of sustainable raw materials in emerging economies
- 3.3. Market Opportunities
- 3.3.1. Expansion of eco-friendly coatings and lubricants market
- 3.3.2. Technological advancements in polymer synthesis enhancing product performance
- 3.3.3. Increasing investments in sustainability and green chemistry solutions
Chapter 4. Global Octadecanedioic Acid 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. Economic
- 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 Octadecanedioic Acid Market Size & Forecasts by Application (2022-2032)
- 5.1. Segment Dashboard
- 5.2. Global Octadecanedioic Acid Market: Application Revenue Trend Analysis (2022 & 2032)
- 5.2.1. Polyester Polyols
- 5.2.2. Cosmetics
- 5.2.3. Powder Coatings
- 5.2.4. Lubricating Oils
- 5.2.5. Others
Chapter 6. Global Octadecanedioic Acid Market Size & Forecasts by Region (2022-2032)
- 6.1. North America Octadecanedioic Acid Market
- 6.1.1. U.S. Octadecanedioic Acid Market
- 6.1.2. Canada Octadecanedioic Acid Market
- 6.2. Europe Octadecanedioic Acid Market
- 6.2.1. Germany Octadecanedioic Acid Market
- 6.2.2. U.K. Octadecanedioic Acid Market
- 6.2.3. France Octadecanedioic Acid Market
- 6.2.4. Spain Octadecanedioic Acid Market
- 6.2.5. Italy Octadecanedioic Acid Market
- 6.2.6. Rest of Europe Octadecanedioic Acid Market
- 6.3. Asia-Pacific Octadecanedioic Acid Market
- 6.3.1. China Octadecanedioic Acid Market
- 6.3.2. India Octadecanedioic Acid Market
- 6.3.3. Japan Octadecanedioic Acid Market
- 6.3.4. Australia Octadecanedioic Acid Market
- 6.3.5. South Korea Octadecanedioic Acid Market
- 6.3.6. Rest of Asia Pacific Octadecanedioic Acid Market
- 6.4. Latin America Octadecanedioic Acid Market
- 6.4.1. Brazil Octadecanedioic Acid Market
- 6.4.2. Mexico Octadecanedioic Acid Market
- 6.4.3. Rest of Latin America Octadecanedioic Acid Market
- 6.5. Middle East & Africa Octadecanedioic Acid Market
- 6.5.1. Saudi Arabia Octadecanedioic Acid Market
- 6.5.2. South Africa Octadecanedioic Acid Market
- 6.5.3. Rest of Middle East & Africa Octadecanedioic Acid Market
Chapter 7. Competitive Intelligence
- 7.1. Key Company SWOT Analysis
- 7.1.1. Procter & Gamble
- 7.1.2. Larodan AB
- 7.1.3. Cathay Biotech Inc.
- 7.2. Top Market Strategies
- 7.3. Company Profiles
- 7.3.1. Procter & Gamble
- 7.3.2. Larodan AB
- 7.3.3. Cathay Biotech Inc.
- 7.3.4. Tokyo Chemical Industry (India) Pvt. Ltd.
- 7.3.5. INDOFINE Chemical Company, Inc.
- 7.3.6. XIAMEN SINOPEG BIOTECH CO., LTD.
- 7.3.7. Hunan Huateng Pharmaceutical Co., Ltd.
Chapter 8. Research Process
- 8.1. Research Process
- 8.1.1. Data Mining
- 8.1.2. Analysis
- 8.1.3. Market Estimation
- 8.1.4. Validation
- 8.1.5. Publishing
- 8.2. Research Attributes
