IMARC Group's report titled "Octadecanedioic Acid (ODDA) Market Report by Application (Polyester Polyols, Powder Coatings, Cosmetics, Lubricating Oils, and Others), End Use Industry (Automotive, Industrial, Medical, Construction, Cosmetics, Textiles, and Others), and Region 2024-2032". offers a comprehensive analysis of the industry, which comprises insights on the global octadecanedioic acid odda market share. The global market size reached US$ 8.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 12.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.22% during 2024-2032.

Grab a sample PDF of this report: https://www.imarcgroup.com/octadecanedioic-acid-market/requestsample

Factors Affecting the Growth of the Octadecanedioic Acid (ODDA) Industry:

  • Growing Demand in the Cosmetics Industry:

Octadecanedioic acid (ODDA) is utilized in the cosmetics sector, primarily due to its efficacy as an emollient and its role in synthesizing emulsifiers and conditioners. Its properties enhance the texture, longevity, and hydration effectiveness of cosmetic products, making it a preferred ingredient for high-end skincare and beauty formulations. The rising inclination towards premium cosmetic products, driven by growing awareness about skincare and the desire for quality ingredients, is catalyzing the demand for ODDA. Additionally, the shift towards sustainable and bio-based products is encouraging manufacturers to incorporate naturally derived ingredients like ODDA.

  • Bio-based Product Preference:

There is a notable shift towards sustainable and eco-friendly products across various industries, including pharmaceuticals, cosmetics, and polymers. ODDA, which can be derived from bio-based sources, aligns well with this trend, offering an environment friendly alternative to petrochemically derived products. The increasing environmental awareness among people, coupled with stringent government regulations regarding the use of sustainable materials, has heightened the demand for bio-based chemicals. Industries are now more inclined to adopt bio-based materials to enhance their green credentials and comply with regulatory standards. This shift is particularly relevant in the context of growing climate change concerns and the global push for carbon footprint reduction.

  • Advancements in Biotechnological Methods:

The production of ODDA through biotechnological methods is gaining traction due to advancements in fermentation technology and genetic engineering. These methods offer a sustainable and efficient alternative to traditional petrochemical synthesis. Biotechnological production processes can utilize renewable feedstocks, thereby reducing dependency on fossil fuels and minimizing environmental impact. Moreover, these advanced methods can be tailored to produce high-purity ODDA, which is crucial for applications requiring stringent quality standards, such as in pharmaceuticals and high-performance polymers. The continuous improvements in biotechnological techniques, along with increasing investments in research operations, are strengthening the market growth.

Leading Companies Operating in the Global Octadecanedioic Acid ODDA Industry:

  • Cathay Biotech Inc.
  • Elevance Renewable Sciences Inc.
  • Hunan HuaTeng Pharmaceutical Co. Ltd.
  • Key Organics Limited (Tennants Consolidated Limited)
  • Oakwood Products Inc.
  • TCI Chemicals (India) Pvt. Ltd. (Tokyo Chemical Industry Co. Ltd.)
  • Toronto Research Chemicals Inc. (LGC Limited)
  • Xiamen Sinopeg Biotech Co. Ltd.
  • Zhejiang Hongxin Dyeing Material Co. Ltd

Octadecanedioic Acid (ODDA) Market Report Segmentation:

By Application:

  • Polyester Polyols
  • Powder Coatings
  • Cosmetics
  • Lubricating Oils
  • Others

Polyester polyols represent the largest segment as they are used to manufacture polyurethane foams, which are employed in furniture, automotive interiors, bedding, and insulation materials.

By End Use Industry:

  • Automotive
  • Industrial
  • Medical
  • Construction
  • Cosmetics
  • Textiles
  • Others

Based on the end use industry, the market has been divided into automotive, industrial, medical, construction, cosmetics, textiles, and others.

Regional Insights:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Asia Pacific’s dominance in the octadecanedioic acid (ODDA) market is attributed to the increasing demand for polymers like polyurethane, polyphenylene oxide, polyphenylene ethers, and epoxy.

Global Octadecanedioic Acid (ODDA) Market Trends:

ODDA is integral in synthesizing polyamide and polyester polymers, which are pivotal in producing high-performance plastics. These plastics are essential in various applications, including automotive parts, electrical components, and consumer goods, where durability, resistance to extreme temperatures, and longevity are crucial. The global expansion of the automotive and electronics sectors, driven by technological advancements and increasing demand, significantly contributes to the demand for innovative and high-performance materials. As manufacturers strive to improve the efficiency, safety, and sustainability of their products, the adoption of advanced materials like those derived from ODDA is rising. Furthermore, the push towards lightweight and energy-efficient components, especially in the automotive industry to enhance fuel efficiency and reduce emissions, underscores the importance of specialized polymers and plastics.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163