octadecanedioic acid market size, octadecanedioic acid market growth, octadecanedioic acid market trends, octadecanedioic acid market us, octadecanedioic acid market demand, octadecanedioic acid market share
What is the current market size and future outlook for the octadecanedioic acid market?
The octadecanedioic acid market size has grown strongly in recent years. It will grow from $8.47 billion in 2024 to $8.97 billion in 2025 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to the growing demand for soaps and detergents, increasing use of octadecanedioic acid in rubber processing, rising awareness of environmental concerns and regulations, increasing investments, and increasing demand for automotive products.
The octadecanedioic acid market size is expected to see strong growth in the next few years. It will grow to $11.14 billion in 2029 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to the growing demand for eco-friendly solutions, increasing preference for sustainable and eco-friendly products, increasing demand for pharmaceutical products, increasing cosmetics and personal care industry, and rising demand for engineering polymers. Major trends in the forecast period include technological innovations, product launches and developments, increasing investments, and strategic partnerships.
Get Your Free Sample of The Global Octadecanedioic Acid Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16133&type=smp
How have varous drivers impacted the growth of the octadecanedioic acid market?
The expanding pharmaceutical sector is expected to propel the growth of the octadecanedioic acid market going forward. The pharmaceutical sector refers to the sector of the economy that is involved in the research, development, production, and distribution of medications and other health-related products. The pharmaceutical sector is increasing due to a combination of factors, including advances in medical research and technology, an aging global population, increased prevalence of chronic diseases, rising healthcare expenditure, and expanding access to healthcare in developing regions. Octadecanedioic acid is used in the pharmaceutical sector for its role in drug delivery systems, enhancing the stability and controlled release of medications while providing biocompatibility for safer and more effective pharmaceutical products. For instance, in June 2023, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA), a Belgium-based European trade association representing the pharmaceutical industry, the total bio-pharmaceutical production in Europe accounted for $384,200 million (€340,000 million) in 2022, an increase of approximately 4.95% from $366,267 million (€323,950 million) in 2021. Therefore, the expanding pharmaceutical sector is driving the growth of the octadecanedioic acid market.
What are the primary segments of 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
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/octadecanedioic-acid-global-market-report
Which firms are leading the octadecanedioic acid market?
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.
Which geographic trends are shaping the octadecanedioic acid market, and which region has the highest market share?
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.
What Does The Octadecanedioic Acid Market Report 2025 Offer?
The octadecanedioic acid market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Octadecanedioic acid is a long-chain dicarboxylic acid with the chemical formula C18H34O4. It is used as a monomer in the production of polyamides, polyesters, and other polymers, providing properties such as enhanced durability and flexibility. Additionally, it serves as an interMedia & Entertainmentte in organic synthesis and specialty chemical manufacturing.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16133
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
