Press release
Global Octadecanedioic Acid Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Octadecanedioic Acid
What Is the Octadecanedioic Acid Market Size and Projected Growth Rate?
The octadecanedioic acid market is expanding from $8.47 billion in 2024 to $8.97 billion in 2025 at a CAGR of 5.9%, driven by demand from rubber and detergent industries, environmental regulation compliance, and rising automotive applications.
The octadecanedioic acid market is expected to grow strongly, reaching $11.14 billion by 2029 at a CAGR of 5.6%. The growth is driven by the growing demand for eco-friendly solutions, increasing preference for sustainable products, rising demand for pharmaceutical items, the expanding cosmetics and personal care industry, and increasing demand for engineering polymers. Major trends in the forecast period include technological innovations, new product launches, increasing investments, and strategic partnerships.
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What Are the Major Segments in the Octadecanedioic Acid Market?
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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What Are The Driving Octadecanedioic Acid Market Evolution?
The expanding pharmaceutical sector is expected to propel the growth of the octadecanedioic acid market. Octadecanedioic acid plays a vital role in drug delivery systems, helping enhance the stability and controlled release of medications. The growing pharmaceutical sector, driven by increased healthcare demand and technological advancements, is contributing to the rising demand for this compound. According to the European Federation of Pharmaceutical Industries and Associations, Europe's biopharmaceutical production reached $384.2 billion in 2022, signaling continued market expansion.
Which Firms Dominate The Octadecanedioic Acid Market Segments?
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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Which Is The Largest Region In 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Octadecanedioic Acid Market?
2. What is the CAGR expected in the Octadecanedioic Acid Market?
3. What Are the Key Innovations Transforming the Octadecanedioic Acid Industry?
4. Which Region Is Leading the Octadecanedioic Acid Market?
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