Octadecanedioic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Octadecanedioic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Chemicals

Report Description

Octadecanedioic acid is a long chain dicarboxylic acid which contains two carbon components. It is also called C18 diacid. Dicarboxylic acid is formed by the traditional method of butadiene oxidation. The primary raw material used in this process consists of petrochemicals. The volatile prices of petrochemical products coupled with the imbalance in the supply demand of petrochemicals raw materials has led to the shift toward biotechnology-based chemicals. The initiative to produce dicarboxylic acid from the method related to biotechnology production, primarily metathesis and microbial fermentation is taken to reduce the dependency on pertrochemicals raw material. The production of octadecanedioic acid through microbial fermentation, on a commercial scale, facilitates additional investments and developments in the biotechnological field. In the biotechnology method, vegetable oil is used as a raw material. Emission norms in the automobile and other industrial sectors have played an important role in the development of biotechnology-based acids.

The global octadecanedioic acid market can be classified on the basis of end-use industry, applications, and region. In terms of end-use industry, the octadecanedioic acid market can be segmented into automobile, industrial, medical, construction, food service, and textiles. The automobile industry is anticipated to expand at a rapid pace during the forecast period. Additionally, the automobile sector is a major segment of octadecanedioic acid market, which in turn is likely to propel the octadecanedioic acid market during the forecast period. In terms of application, the octadecanedioic acid market can be segmented into polyester polyols, cosmetics, powder coating, and lubricant oils. Demand for polyester polyols in the global market increasesdue to its unique properties such as excellent solvent resistance, hydrolytic stability, optical clarity, and toughness. Polyester polyols is widely employed in the automobile, medical, construction and food services industries. The cosmetics application segment is projected to expand at significant rate in the next few years.

In terms of region, the octadecanedioic acid market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is a major market for octadecanedioic acid, while the U.S. automobile and other industries sector increasing rapidly will acquire the octadecanedioic acid market from North America region in the forecasting year 2025. The construction and automobile sectors in Asia Pacific are witnessing increased usage of octadecanedioic acid. The market in Asia Pacific is estimated to expand significantly during the forecast period. Japan, China, and India are witnessing an increase in infrastructure projects, which in turn is estimated to boost the octadecanedioic acid market.

The octadecanedioic acid market is highly competitive, with a global manufacturers of automobile, and industry developers operating across the globe. Key players operating in the octadecanedioic acid market include BASF SE, Elevance Renewable Sciences, Inc., Croda International, Cathay Industrial Biotech, Ltd., and TCI America.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market 

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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