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Report
Octadecanedioic Acid (ODDA) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-10-15 I 147 Pages I IMARC Group
Market Overview:
The global octadecanedioic acid (ODDA) market size reached US$ 8.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.
Octadecanedioic acid (ODDA) (C18H34O4) is an intermediate chemical used as a basic building block for the formulation of compounds. It is produced by microbial fermentation and is usually found in various plants and animal fats. It is a long waxy chain of dicarboxylic acid with two carbon components that appears as a white solid with a mildly pungent, oily odor. ODDA is widely used as a lubricating agent, food additive, emulsifier, and emollient. It is also used to manufacture pharmaceuticals, cosmetics, soaps, shampoos, insulators, and detergents. As a result, ODDA finds extensive applications across the automotive, cosmetic, pharmaceutical, and construction industries.
Octadecanedioic Acid (ODDA) Market Trends:
The increasing incorporation of ODDA in personal care and cosmetic products as an emulsifying, moisturizing, and surfactant agent is creating a positive outlook for the market. It is also used to produce moisturizers, sunscreen, makeup, soap, and baby lotions. In line with this, the rising knowledge of personal health, hygiene, and cleanliness, along with the surge in beauty consciousness, is acting as another growth-inducing factor. Additionally, the widespread product adoption for manufacturing polymers, such as polyurethane, polyphenylene oxide, polyphenylene ethers, epoxy, polyether amides, and polycarbonates, is favoring the market growth. Furthermore, the polyester polyols derived from ODDA exhibit excellent solvent resistance, optical clarity, toughness, and hydrolytic stability, which, in turn, is propelling the market growth. Apart from this, the rising environmental consciousness and the growing trend toward sustainable and environmentally friendly compounds to reduce the dependency on petrochemical products is providing an impetus to eh market growth. Other factors, including the increasing utilization of polyester polyols in the automotive industry, extensive research and development (R&D) activities, and the widespread product adoption as a thickener in grease compositions, are anticipated to drive the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global octadecanedioic acid (ODDA) market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on application and end use industry.
Breakup by Application:
Polyester Polyols
Powder Coatings
Cosmetics
Lubricating Oils
Others
Breakup by End Use Industry:
Automotive
Industrial
Medical
Construction
Cosmetics
Textiles
Others
Breakup by Region:
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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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. and Zhejiang Hongxin Dyeing Material Co. Ltd.
Key Questions Answered in This Report:
How has the global octadecanedioic acid (ODDA) market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global octadecanedioic acid (ODDA) market?
What are the key regional markets?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global octadecanedioic acid (ODDA) market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Octadecanedioic Acid (ODDA) Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast
6 Market Breakup by Application
6.1Polyester Polyols
6.1.1 Market Trends
6.1.2 Market Forecast
6.2Powder Coatings
6.2.1 Market Trends
6.2.2 Market Forecast
6.3Cosmetics
6.3.1 Market Trends
6.3.2 Market Forecast
6.4Lubricating Oils
6.4.1 Market Trends
6.4.2 Market Forecast
6.5Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by End Use Industry
7.1Automotive
7.1.1 Market Trends
7.1.2 Market Forecast
7.2Industrial
7.2.1 Market Trends
7.2.2 Market Forecast
7.3Medical
7.3.1 Market Trends
7.3.2 Market Forecast
7.4Construction
7.4.1 Market Trends
7.4.2 Market Forecast
7.5Cosmetics
7.5.1 Market Trends
7.5.2 Market Forecast
7.6Textiles
7.6.1 Market Trends
7.6.2 Market Forecast
7.7Others
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market Breakup by Region
8.1North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1Overview
9.2Strengths
9.3Weaknesses
9.4Opportunities
9.5Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1Overview
11.2Bargaining Power of Buyers
11.3Bargaining Power of Suppliers
11.4Degree of Competition
11.5Threat of New Entrants
11.6Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1Market Structure
13.2Key Players
13.3Profiles of Key Players
13.3.1Cathay Biotech Inc.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.2Elevance Renewable Sciences Inc.
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3Hunan HuaTeng Pharmaceutical Co. Ltd.
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4Key Organics Limited (Tennants Consolidated Limited)
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5Oakwood Products Inc.
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6TCI Chemicals (India) Pvt. Ltd. (Tokyo Chemical Industry Co. Ltd.)
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.7Toronto Research Chemicals Inc. (LGC Limited)
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.8Xiamen Sinopeg Biotech Co. Ltd.
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9Zhejiang Hongxin Dyeing Material Co. Ltd.
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
Figure 1: Global: Octadecanedioic Acid Market: Major Drivers and Challenges
Figure 2: Global: Octadecanedioic Acid Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Octadecanedioic Acid Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Octadecanedioic Acid Market: Breakup by Application (in %), 2022
Figure 5: Global: Octadecanedioic Acid Market: Breakup by End Use Industry (in %), 2022
Figure 6: Global: Octadecanedioic Acid Market: Breakup by Region (in %), 2022
Figure 7: Global: Octadecanedioic Acid (Polyester Polyols) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Octadecanedioic Acid (Polyester Polyols) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Octadecanedioic Acid (Powder Coatings) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Octadecanedioic Acid (Powder Coatings) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Octadecanedioic Acid (Cosmetics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Octadecanedioic Acid (Cosmetics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Octadecanedioic Acid (Lubricating Oils) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Octadecanedioic Acid (Lubricating Oils) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Octadecanedioic Acid (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Octadecanedioic Acid (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Octadecanedioic Acid (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Octadecanedioic Acid (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Octadecanedioic Acid (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Octadecanedioic Acid (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Octadecanedioic Acid (Medical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Octadecanedioic Acid (Medical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Octadecanedioic Acid (Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Octadecanedioic Acid (Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Octadecanedioic Acid (Cosmetics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Octadecanedioic Acid (Cosmetics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Octadecanedioic Acid (Textiles) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Octadecanedioic Acid (Textiles) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Octadecanedioic Acid (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Octadecanedioic Acid (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: North America: Octadecanedioic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: North America: Octadecanedioic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: United States: Octadecanedioic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: United States: Octadecanedioic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Canada: Octadecanedioic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Canada: Octadecanedioic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Asia-Pacific: Octadecanedioic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Asia-Pacific: Octadecanedioic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: China: Octadecanedioic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: China: Octadecanedioic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Japan: Octadecanedioic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Japan: Octadecanedioic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: India: Octadecanedioic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: India: Octadecanedioic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: South Korea: Octadecanedioic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: South Korea: Octadecanedioic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Australia: Octadecanedioic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Australia: Octadecanedioic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Indonesia: Octadecanedioic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Indonesia: Octadecanedioic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Others: Octadecanedioic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Others: Octadecanedioic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Europe: Octadecanedioic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Europe: Octadecanedioic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Germany: Octadecanedioic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Germany: Octadecanedioic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: France: Octadecanedioic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: France: Octadecanedioic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: United Kingdom: Octadecanedioic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: United Kingdom: Octadecanedioic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Italy: Octadecanedioic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Italy: Octadecanedioic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Spain: Octadecanedioic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Spain: Octadecanedioic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Russia: Octadecanedioic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Russia: Octadecanedioic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Others: Octadecanedioic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Others: Octadecanedioic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Latin America: Octadecanedioic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Latin America: Octadecanedioic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Brazil: Octadecanedioic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Brazil: Octadecanedioic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Mexico: Octadecanedioic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Mexico: Octadecanedioic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Others: Octadecanedioic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Others: Octadecanedioic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Middle East and Africa: Octadecanedioic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Middle East and Africa: Octadecanedioic Acid Market: Breakup by Country (in %), 2022
Figure 79: Middle East and Africa: Octadecanedioic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Global: Octadecanedioic Acid Industry: SWOT Analysis
Figure 81: Global: Octadecanedioic Acid Industry: Value Chain Analysis
Figure 82: Global: Octadecanedioic Acid Industry: Porter's Five Forces Analysis
Table 1: Global: Octadecanedioic Acid Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Octadecanedioic Acid Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 3: Global: Octadecanedioic Acid Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 4: Global: Octadecanedioic Acid Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Octadecanedioic Acid Market: Competitive Structure
Table 6: Global: Octadecanedioic Acid Market: Key Players
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