Press release
Octadecanedioic Acid Industry to Achieve $10.72 Billion Growth by 2029
Octadecanedioic Acid
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 (CAGR) of 4.5%. Factors such as the intensifying demands for soaps and detergents, increased utilization of octadecanedioic acid in the rubber processing industry, the rising consciousness towards environment-based concerns and regulations, augmented investments, and a surge in the demand for automotive items are responsible for the observed growth during the historic phase.
What Are the Estimated Growth Rates for the Octadecanedioic Acid Industry Through 2029?
Anticipations for the market size of octadecanedioic acid suggest consistent growth throughout the upcoming years, reaching an estimated value of $10.72 billion by 2029, with an expected compound annual growth rate (CAGR) of 4.9%. This predicted growth during the forecast period is largely attributed to the surge in demand for green solutions, growing inclination towards sustainable and environmentally conscious goods, a rise in the requirement for pharmaceutical products, an booming cosmetics and personal care sector, and heightened need for engineering polymers. The coming years are likely to witness key trends such as technological advancement, introduction of new products and developments, increased investment activities, and strategic collaborations.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/octadecanedioic-acid-global-market-report
What Are the Strategic Drivers Boosting Octadecanedioic Acid Market Performance?
The growth of the octadecanedioic acid market is predicted to be fueled by the burgeoning pharmaceutical industry. This sector includes all economic activities related to the investigation, creation, production, and distribution of medication and other health products. The growth in the pharmaceutical sector is triggered by several aspects, such as advancements in medical studies and technology, an aging worldwide population, the increasing occurrence of chronic illnesses, escalations in healthcare spending, and broader access to healthcare in underdeveloped areas. Octadecanedioic acid plays a pivotal role in this sector, being utilized in drug delivery systems to boost the stability and controlled dispensation of drugs, and to offer biocompatibility for safer and more effective pharmaceutical products. For example, in June 2023, the European Federation of Pharmaceutical Industries and Associations (EFPIA), a Brussels-based European trade association that represents the pharmaceutical industry, reported that the total bio-pharmaceutical output in Europe was $384,200 million (€340,000 million) in 2022. This marked an approximate 4.95% growth from $366,267 million (€323,950 million) in 2021. Consequently, the growth of the pharmaceutical industry is spurring the expansion of the octadecanedioic acid market.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16133&type=smp
What Are the 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
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=16133&type=smp
Which Companies Lead the Competitive Landscape of the Octadecanedioic Acid Industry?
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.
Where Are the Key Octadecanedioic Acid Market Opportunities by Region?
North America was the largest region in the octadecanedioic acid market in 2024. 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.
Speak With Our Expert:
Saumya Sahay,
Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info
The Business Research Company - www.thebusinessresearchcompany.com
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Industry to Achieve $10.72 Billion Growth by 2029 here
News-ID: 4161714 • Views: …
More Releases from The Business Research Company
Analysis of Segments and Major Growth Areas in the Supermirrors Market
The supermirrors market is positioned for significant growth as advancements in various high-tech fields continue to drive demand. With increasing applications across industries such as quantum computing and medical imaging, the market is set to expand steadily over the next several years. Let's explore the market's projected valuation, key players, and major segment classifications to better understand the future outlook for supermirrors.
Projected Market Valuation and Growth Factors in the Supermirrors…
Emerging Growth Factors Fueling the Expansion of the Speculative Drafting Market …
The speculative drafting market for large language models (LLMs) is rapidly evolving and poised for remarkable growth in the coming years. With businesses increasingly adopting AI-driven solutions, this sector is set to transform how organizations approach automated drafting tasks. Let's explore the market's projected size, key players, principal segments, and emerging trends shaping its future.
Projected Market Growth and Size of the Speculative Drafting for Large Language Models Market
The…
Emerging Sub-Segments Transforming the Soft Switching Inverter Market Landscape
The soft switching inverter market is on the brink of significant expansion as technological advancements and increasing demand across various sectors drive its growth. This market is becoming more crucial, especially with the rising adoption of electric vehicles and renewable energy systems. Let's explore the current market size, key players, emerging trends, and detailed segmentation shaping the future of the soft switching inverter industry.
Projected Market Growth and Size of the…
Key Players and Competitive Overview in the Smart Digital Power Grid Substation …
The smart digital power grid substation market is rapidly evolving as utilities and industries embrace advanced technologies to improve grid efficiency, reliability, and sustainability. With increasing integration of renewable energy sources and greater demand for smarter infrastructure, this market is set to experience substantial growth. Let's explore the market size projections, major players, key trends, and segment insights that define the future of this sector.
Projected Market Size and Growth for…
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 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 Market Size, Share, Growth Trends and Report 2024-2031
Exploring the Octadecanedioic Acid Market: A Sustainable Future Beckons
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…
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.…
