Press release
Octadecanedioic Acid Market Size, Share, Growth Trends and Report 2024-2031
Octadecanedioic Acid Market - DataM Intelligence
The global Octadecanedioic Acid Market is set to soar at a high CAGR during 2023-2030, driven by the burgeoning demand for eco-friendly solutions, especially in the cosmetics sector.
Download Exclusive Research Report PDF Sample: https://www.datamintelligence.com/download-sample/octadecanedioic-acid-market
The Power of Octadecanedioic Acid
Octadecanedioic acid, also known as C18 diacid, is a long-chain dicarboxylic acid with remarkable properties. Its water-repellant features find extensive applications in cosmetics, making it a sought-after ingredient in various skincare products.
Market Dynamics and Trends
The market's growth trajectory is propelled by several factors. Firstly, the increasing preference for eco-friendly solutions globally is driving the demand for octadecanedioic acid. The shift towards sustainable and environment-friendly products, coupled with volatile prices of petrochemicals, is creating lucrative opportunities for growth.
Traditionally, dicarboxylic acids were derived from petrochemicals, but advancements in biotechnological production methods are changing the landscape. Microbial fermentation and metathesis of natural oils are emerging as viable alternatives, offering reduced carbon footprints and improved performance.
Get Customization in the report as per your requirements: https://www.datamintelligence.com/customize/octadecanedioic-acid-market
Market Segmentation and Impact of COVID-19
The octadecanedioic acid market is segmented based on end-users such as industrial, medical, construction, cosmetics, textiles, and others. While the initial phase of the COVID-19 pandemic led to a decline in demand, sectors like pharmaceuticals saw stability and resurgence. The market's recovery post-pandemic has been buoyed by the growing awareness of eco-friendly products.
Geographical Insights
Asia-Pacific dominates the octadecanedioic acid market, driven by robust demand from pharmaceuticals, cosmetics, and construction industries. Countries like China, India, and Japan are at the forefront of adopting sustainable solutions, propelling the market's growth in the region.
Key Players and Competitive Landscape
The market is characterized by consolidation, with global players like Elevance Renewable Sciences, Croda International, and BASF leading the charge. Local companies are also making significant strides, contributing to market growth through partnerships, new product launches, and strategic acquisitions.
Case Study: Larodan
Larodan, a prominent player in the market, specializes in manufacturing high-purity lipids, including octadecanedioic acid. The company's acquisition by ABITEC Corporation underscores the market's dynamism and the growing importance of functional lipids in various industries.
The Road Ahead
As the world embraces sustainability and eco-conscious practices, the octadecanedioic acid market is poised for substantial growth. Innovations in production methods, expanding applications in diverse sectors, and strategic collaborations will drive the market towards a greener and more sustainable future.
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Octadecanedioic Acid Market Size, Share, Growth Trends and Report 2024-2031 here
News-ID: 3511911 • Views: …
More Releases from DataM Intelligence 4market Research LLP
Rare Earth Elements Market Set to Grow at 9.4% CAGR | 2025 Innovations in Rare E …
The Global Rare Earth Elements Market is growing at a CAGR of 9.4% during the forecast period (2024-2031).
The Rare Earth Elements (REE) market involves the mining, processing, and utilization of 17 metallic elements critical for modern technologies. These materials are essential in electronics, renewable energy, defense systems, and automotive applications. Market growth is driven by rising demand for electric vehicles, wind turbines, and consumer electronics. Supply chain challenges and geopolitical…
United States Automotive Bearing Market to Grow at 6.26% CAGR Through 2031 | Dri …
Global Automotive Bearing market is expected to grow at a CAGR of 6.26% during the forecast period (2024-2031).
The Automotive Bearing market involves components designed to reduce friction and enable smooth rotation in vehicle systems. Bearings are critical in engines, wheels, transmissions, and steering systems. Growing vehicle production, electrification, and demand for fuel efficiency are key drivers. Technological advancements in lightweight, durable, and high-performance bearings support adoption. Expanding automotive aftermarket services…
United States Genomics in Cancer Care Market Set to Surge to USD 51.1B by 2031 a …
Genomics In Cancer Care Market reached USD 13.4 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 51.1 billion by 2031. The Global Genomics in Cancer Care Market is expected to exhibit a CAGR of 18.9% during the forecast period 2024-2031.
The Genomics in Cancer Care market focuses on applying genomic technologies to detect, diagnose, and personalize cancer treatment. Genomic profiling helps identify mutations, biomarkers,…
United States Biodegradable Polymer Market (2024-2031): Driving Eco-Friendly Pac …
The Biodegradable Polymer Market is estimated to reach 20% of CAGR during the forecast period 2024-2031
A biodegradable polymer is a type of polymer that can decompose into natural substances, such as water, carbon dioxide, and biomass, through the action of microorganisms over time. These polymers are designed to break down more quickly than traditional plastics, reducing environmental impact and pollution. Biodegradable polymers are used in various applications, including packaging, agricultural…
More Releases for Octadecanedioic
Octadecanedioic Acid Industry to Achieve $10.72 Billion Growth by 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
How Will the Octadecanedioic Acid Market Grow by 2025 in Terms of Size and Growth?
The market size of octadecanedioic acid has observed consistent escalation over the past years. The value, currently at $8.47 billion as of 2024, is set to reach $8.85 billion in 2025, marking a compound annual growth rate…
Octadecanedioic Acid Industry to Achieve $10.72 Billion Growth by 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
How Will the Octadecanedioic Acid Market Grow by 2025 in Terms of Size and Growth?
The market size of octadecanedioic acid has observed consistent escalation over the past years. The value, currently at $8.47 billion as of 2024, is set to reach $8.85 billion in 2025, marking a compound annual growth rate…
Octadecanedioic Acid Market Overview: Global Size, Share, Analysis, and Forecast …
"
The Octadecanedioic Acid market is experiencing steady growth, driven by increasing demand across various applications including plastics & polymers, lubricants, cosmetics, coatings, adhesives, and pharmaceuticals. This growth is further propelled by advancements in bio-based production methods, making octadecanedioic acid a more sustainable alternative to traditional petroleum-based chemicals. Technological innovation in polymerization and formulation techniques is also contributing to market expansion by enhancing the performance characteristics of products incorporating octadecanedioic acid.…
Octadecanedioic Acid Market Size, Share Report And Forecast To 2033
The Business Research Company recently released a comprehensive report on the Global Octadecanedioic Acid Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample…
Growing Demand in Diverse Industries Propels Octadecanedioic Acid Market
The global octadecanedioic acid market is anticipated to witness steady growth, reaching a projected value of USD 11.25 Billion in 2032 according to Reports and Data, and expanding at a CAGR of 7% from 2023. This press release delves into the key trends, drivers, restraints, and opportunities shaping the market landscape for octadecanedioic acid.
Market Overview
Octadecanedioic acid, also known as stearic acid, is a long-chain fatty acid with a wide range…
Octadecanedioic Acid (ODDA) Market Opportunities, Business Forecast To 2029
According to Precision Business Insights (PBI) latest report octadecanedioic acid market was valued at USD 8,532.7 million in 2022, growing at a 4.2% CAGR during the forecast period 2023 to 2029. The increased demand for nylons in the manufacturing of construction products, polyesters for water-resistant clothing and polyurethanes in medical applications like implants, tubings and injection molded devices are major drivers propelling the octadecadioic acid market over the forecast period.…
