Press release
Octadecanedioic Acid Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Octadecanedioic Acid Market Size
The expanding pharmaceutical sector is expected to drive the growth of the octadecanedioic acid market. The pharmaceutical industry is growing due to advancements in medical research, aging populations, and increased healthcare expenditure. Octadecanedioic acid is used in drug delivery systems to enhance medication stability and controlled release. In June 2023, the European Federation of Pharmaceutical Industries and Associations reported a 4.95% increase in biopharmaceutical production in Europe, signaling growth in the pharmaceutical sector, which in turn boosts the demand for octadecanedioic acid.
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How will the growth rate of the octadecanedioic acid market shape industry trends by 2034?
The octadecanedioic acid market has expanded steadily, growing from $8.47 billion in 2024 to $8.97 billion in 2025 at a CAGR of 5.9%. Key growth drivers include increasing demand for soaps and detergents, rising use in rubber processing, growing environmental concerns and regulations, increased investments, and higher demand for automotive products.
The Octadecanedioic Acid Market is expected to grow to $11.14 billion by 2029, registering a CAGR of 5.6%. Growth is attributed to increasing demand for eco-friendly and sustainable products, rising pharmaceutical needs, expansion in the cosmetics and personal care sector, and the increasing adoption of engineering polymers. Emerging trends include technological innovations, new product launches, increased investments, and strategic partnerships.
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Which primary segments of the octadecanedioic acid market are driving growth and industry transformations?
The octadecanedioic acid market covered in this report is segmented -
1) By Product Type: Powder, Liquid
2) By Application: Polyester Polyols, Lubricants and Greases, Powder Coatings, Personal Care Products, Other Applications
3) By End-Use: Automotive, Construction, Textiles, Cosmetics, Other End-Users
Subsegments:
1) By Powder: Fine Powder, Coarse Powder
2) By Liquid: Concentrated Liquid, Diluted Liquid
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Which region dominates the octadecanedioic acid market?
North America was the largest region in the octadecanedioic acid market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the octadecanedioic acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the octadecanedioic acid market landscape?
Major companies operating in the octadecanedioic acid market are BASF SE, Thermo Fisher Scientific Inc., Solvay SA, Arkema S.A., Croda International plc, Cathay Biotech Inc., Shandong Minglang Chemical Co. Ltd., Elevance Renewable Sciences Inc., Unilong Industry Co. Ltd., Shandong Ench Chemical Co. Ltd., TCI Chemicals (India) Pvt. Ltd., OPQ Chemical Co. Ltd., Conscientia Industrial Co. Ltd., Autech Industry Co. Ltd., Key Organics Limited, Gihi Chemicals Co. Ltd., Nanjing Chemlin Chemical Industrial Co. Ltd., Sandoo Pharmaceuticals, Ambeed Inc., Lori Industry Co. Ltd., Refine Chemical Co. Ltd., Zehao Industry Co. Ltd., Shandong Lanhai Industry Co. Ltd., Xingrui Industry Co. Ltd.
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What Is Covered In The Octadecanedioic Acid Global Market Report?
•Market Size Forecast: Examine the octadecanedioic acid market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the octadecanedioic acid market for a structured understanding.
•Key Players Overview: Analyze major players in the octadecanedioic acid market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the octadecanedioic acid market.
•Segment Contributions: Evaluate how different segments drive overall growth in the octadecanedioic acid market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the octadecanedioic acid market.
•Industry Challenges: Identify potential risks and obstacles affecting the octadecanedioic acid market.
•Competitive Landscape: Review strategic developments in the octadecanedioic acid market, including expansions, agreements, and new product launches.
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