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Octadecanedioic Acid Market Introduction and Overview
According to SPER market research, 'Global Octadecanedioic Acid Market Size- By Application, By End Use - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global Octadecanedioic Acid Market is predicted to reach 14.24 billion by 2034 with a CAGR of 4.69%.
Octadecanedioic Acid (ODDA) is a long-chain dicarboxylic acid with 18 carbon atoms that acts as a chemical intermediate in the production of polymers, resins, and speciality chemicals. It is primarily used as a monomer in the synthesis of high-performance polyamides and polyesters because to its ability to improve thermal stability, mechanical strength, and chemical resistance.
Restraints: The octadecanedioic acid (ODDA) market faces several important obstacles. Small and medium-sized manufacturers' awareness of ODDA's benefits and industrial applications is low, restricting its widespread deployment. Cost considerations, particularly those related to the production and purification of high-purity ODDA, can deter potential clients, especially in price-sensitive markets.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Application, By End Use
Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered BASF SE, Croda International Plc, Dupont de Nemours, Inc., Evonik Industries AG, Haihang Industry Co., Ltd., Hangzhou Dayangchem Co. Ltd., Invista, Lianyungang Ningkang Chem Co., Ltd., Santa Cruz Biotechnology, Inc
Global Octadecanedioic Acid Market Segmentation:
By Application: Based on the Application, Global Octadecanedioic Acid Market is segmented as; Polyester Polyols, Lubricants and Greases, Powder Coatings, Personal Care Products, Others.
By End Use: Based on the End Use, Global Octadecanedioic Acid Market is segmented as; Automotive, Construction, Textiles, Cosmetics, Others.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.