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Octadecanedioic Acid Market Trends

Report ID: GMI6736
Published Date: Sep 2023
Report Format: PDF

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Octadecanedioic Acid Market Trends

There's a growing trend towards using sustainable and renewable feedstocks for chemical production. ODDA derived from plant-based sources aligns with this trend, as it offers a more environmentally friendly alternative to petrochemical-derived materials. There's a growing trend towards using sustainable and renewable feedstocks for chemical production. ODDA derived from plant-based sources aligns with this trend, as it offers a more environmentally friendly alternative to petrochemical-derived materials.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for octadecanedioic acid was USD 8.4 million in 2023 and will reach USD 12.5 million by 2024 due to its widespread usage as monomer or building block in the production of high-performance polymers, resins, and polyesters worldwide.

Octadecanedioic acid industry from the polyester polyols application segment recorded USD 4.9 million in 2022 due to the dire need to enhance thermal stability, mechanical properties, and chemical resistance in polymer formulations.

U.S. industry size for octadecanedioic acid registered USD 2.8 million in 2022 and will incur a significant CAGR from 2023-2032 owing to the higher application in the automotive, aerospace, and other industries of the region.

Invista, BASF SE, Dupont de Nemours, Inc., Solvay S.A., Croda International Plc, Evonik Industries AG, Lianyungang Ningkang Chem Co., Ltd., Hangzhou Dayangchem Co. Ltd., Haihang Industry Co., Ltd., and VWR International LLC are some of the major octadecanedioic acid companies worldwide.