Global Octadecanedioic Acid Market Size Study, By Application (Polyester Polyols, Cosmetics, Powder Coatings, Lubricating Oils), and Regional Forecasts 2022-2032

March 2025 | 285 pages | ID: GC0B8707CFC7EN
Bizwit Research & Consulting LLP

Abstracts

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.

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

List Of Tables

LIST OF TABLES

TABLE 1: Global Octadecanedioic Acid Market, Report Scope
TABLE 2: Global Octadecanedioic Acid Market Estimates & Forecasts by Region (2022-2032) (USD Million)
TABLE 3: Global Octadecanedioic Acid Market Estimates & Forecasts by Application (2022-2032) (USD Million)
TABLE 4: North America Octadecanedioic Acid Market Estimates & Forecasts by Country (2022-2032)
TABLE 5: Europe Octadecanedioic Acid Market Estimates & Forecasts by Country (2022-2032)
TABLE 6: Asia-Pacific Octadecanedioic Acid Market Estimates & Forecasts by Country (2022-2032)
TABLE 7: Latin America Octadecanedioic Acid Market Estimates & Forecasts by Country (2022-2032)
TABLE 8: Middle East & Africa Octadecanedioic Acid Market Estimates & Forecasts by Country (2022-2032)
TABLE 9: Global Octadecanedioic Acid Market by Polyester Polyols Application, Revenue Trend Analysis (2022-2032)
TABLE 10: Global Octadecanedioic Acid Market by Cosmetics Application, Revenue Trend Analysis (2022-2032)
TABLE 11: Global Octadecanedioic Acid Market by Powder Coatings Application, Revenue Trend Analysis (2022-2032)
TABLE 12: Global Octadecanedioic Acid Market by Lubricating Oils Application, Revenue Trend Analysis (2022-2032)
TABLE 13: Market Share Analysis of Key Players in the Global Octadecanedioic Acid Market (2022)
TABLE 14: Competitive Landscape: SWOT Analysis of Leading Market Players
TABLE 15: Recent Developments & Strategic Initiatives in the Octadecanedioic Acid Market
TABLE 16: Regulatory Landscape for Octadecanedioic Acid Across Key Regions
TABLE 17: Impact of Supply Chain Disruptions on the Octadecanedioic Acid Market
TABLE 18: Investment & Funding Trends in the Specialty Chemicals Industry
TABLE 19: Patent Analysis: Key Innovations in Octadecanedioic Acid Synthesis and Applications
TABLE 20: Pricing Analysis of Octadecanedioic Acid by Region & Application (2022-2032)
…
This list is not complete; the final report contains more than 100 tables. The list may be updated in the final deliverable.

List Of Figures

LIST OF FIGURES

FIGURE 1: Global Octadecanedioic Acid Market Research Methodology
FIGURE 2: Market Estimation Techniques for Octadecanedioic Acid Industry
FIGURE 3: Global Octadecanedioic Acid Market Revenue Growth Trend (2022-2032)
FIGURE 4: Market Share by Application (2022 & 2032) (Polyester Polyols, Cosmetics, Powder Coatings, Lubricating Oils)
FIGURE 5: Market Share by Region (2022 & 2032) (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa)
FIGURE 6: Porter’s Five Forces Analysis of the Global Octadecanedioic Acid Market
FIGURE 7: PESTEL Analysis of the Global Octadecanedioic Acid Market
FIGURE 8: Value Chain Analysis of Octadecanedioic Acid Production and Distribution
FIGURE 9: Growth of Polyester Polyols Market and its Impact on Octadecanedioic Acid Demand
FIGURE 10: Expansion of the Cosmetics Industry Driving Octadecanedioic Acid Consumption (2022-2032)
FIGURE 11: Global Octadecanedioic Acid Market Competitive Landscape & Company Market Shares
FIGURE 12: Global Octadecanedioic Acid Market Investment Trends & Future Prospects
FIGURE 13: Technological Innovations in Sustainable Octadecanedioic Acid Production Methods
FIGURE 14: Impact of Regulatory Policies on the Octadecanedioic Acid Market
FIGURE 15: Market Impact of Shifting Consumer Preference Towards Eco-Friendly Chemicals
FIGURE 16: North America Octadecanedioic Acid Market Growth Trends (2022-2032)
FIGURE 17: Europe Octadecanedioic Acid Market Growth Trends (2022-2032)
FIGURE 18: Asia-Pacific Octadecanedioic Acid Market Growth Trends (2022-2032)
FIGURE 19: Latin America Octadecanedioic Acid Market Growth Trends (2022-2032)
FIGURE 20: Middle East & Africa Octadecanedioic Acid Market Growth Trends (2022-2032)
…
This list is not complete; the final report contains more than 50 figures. The list may be updated in the final deliverable.