Octadecanedioic Acid Market Size, Share & Trends Report

Octadecanedioic Acid Market Size, Share & Trends Analysis By Application (Polyester Polyols, Cosmetics, Powder Coatings, Lubricating Oils), By Region, And Segment Forecasts, 2018 - 2024

  • Published Date: Feb, 2017
  • Base Year for Estimate: 2016
  • Report ID: GVR-1-68038-782-7
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2016
  • Number of Pages: 85

Industry Insights

The global octadecanedioic acid market size was valued at USD 6,616.7 thousand in 2015 and is anticipated to reach USD 9,393.1 thousand by 2024, growing at a CAGR of 4.0% from 2016 to 2024. Increasing demand for octadecanedioic acid used in the synthesis of nylon, polyamide, and adhesives owing to its high effectiveness is anticipated to augment product demand over the forecast period.

Esters and other chemical compounds derived from ODDA are used in high performance applications including adhesives, lubricants, powder coatings, pharmaceuticals, and others. Growing preference for sustainable and environment-friendly products to reduce petrochemical dependency is projected to remain a crucial driving factor for the market.

U.S. octadecanedioic acid market revenue by application, 2014-2024 (USD Thousand)

U.S. octadecanedioic acid market

In North America, the U.S. is likely to account for the largest share by 2024. Cosmetics application segment is anticipated to be the fastest-growing segment in the U.S. market. Shifting consumer preferences towards organic products owing to its health benefits is expected to augment cosmetics and personal care application.

Volatile prices of petrochemical products, owing to supply-demand disparities have prompted a shift towards bio-based chemicals. Stringent environmental regulations in the industrial and automotive sector have played a critical role in the development of bio-based products.

Other key factors influencing the octadecanedioic acid market are mounting demand for paints, elastomers, and polyester foam in various industrial and automotive applications. Investments & studies focused towards expanding the application scope of ODDA is expected to fuel use in different end-use industries.

Application Insights

Octadecanedioic acid is an intermediate chemical used in the manufacture of engineering polymers, such as polyphenylene oxide, polyphenylene ethers, polyetherimides, polyurethanes, polycarbonates, epoxy, latent curing epoxies, and powder coatings. Polyester polyols segment holds largest market share and is estimated to grow at the second-highest CAGR over the forecast period.

Polyester polyols derived from C18 dicarboxylic acid exhibits excellent solvent resistance, optical clarity, hydrolytic stability, and toughness. These polymers can be utilized in the automotive, food service, and medical sector among others.

C18 dicarboxylic acid is a basic building block for the formulation of compounds, subsequently used in personal care & pharmaceuticals. Cosmetics application segment is estimated to grow at the highest CAGR from 2016 to 2024, on account of inclination towards naturally sourced chemicals.

Increasing awareness of natural skin care ingredients with anti-aging properties is expected to fuel the demand for ODDA over the next few years. In lubricating oils segment, ODDA is used as a thickener in grease compositions. Polyamide derived from C18 dicarboxylic acid is used in metal working lubricants.

Octadecanedioic acid market volume share by application, 2015

Octadecanedioic acid market

Lubricating oil segment is anticipated to account for the second-largest share and is expected to grow at 4.1% CAGR from 2016 to 2024, in terms of volume. Rising environmental regulation in the industrial and automotive sector has played a critical role in the development of biobased products. Increasing preference for powder coatings over the past few years is projected to contribute to the demand for ODDA.

Regional Insights

Asia Pacific occupied the second-largest share and is expected to grow at the highest CAGR from 2016 to 2024. The region is characterized by increased use of polyester polyols in the automotive and construction industry. Asia Pacific is expected to gain 3.5% share by 2024. Increasing number of infrastructure development projects in India, China, and Japan is expected to boost demand.

Several measures supporting environmental conservations and sustainability are anticipated to promote ODDA application the end-use segments. Favorable consumer spending patterns are projected to enhance investments in the automotive, construction, and personal care sector which will indirectly support ODDA sales.

Octadecanedioic Acid Market Share Insights

Key players include Elevance Renewable Sciences Inc., Croda International Plc., Cathay Industrial Biotech Ltd., TCI America, BASF SE, and Nanjing Chemlin Chemical Industrial Co. Ltd.

The market for octadecanedioic acid is expected to evolve and grow at a steady rate.

Manufacturers are seeking to develop efficient production processes and a strong distribution network to commercialize octadecanedioic acid application. The industry is highly competitive as companies strive to create high-quality acid. Excellent product properties and renewable content allow manufacturers to charge a premium for the product.

Report Scope



Base year for estimation


Actual estimates/Historical data

2014 - 2016

Forecast period

2016 - 2024

Market representation

Volume in kilogram, Revenue in USD Thousand & CAGR from 2016 to 2024

Regional scope

North America, Europe, Asia Pacific, Latin America & MEA

Country scope

U.S., Germany, France, Japan

Report coverage             

Volume forecast, revenue forecast, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization

Segments covered in the report

This report forecasts volume & revenue growth and provides an analysis on the latest trends in each of the sub-segments from 2014 to 2024. For the purpose of this report, Grand View Research has segmented octadecanedioic acid market on the basis of application and region:

  • Application Outlook (Volume, Kilogram; Revenue, USD Thousand, 2014 - 2024)

    • Polyester polyols

    • Cosmetics

    • Powder coatings

    • Lubricating oils

    • Others

  • Regional Outlook (Volume, Kilogram; Revenue, USD Thousand, 2014 - 2024)

    • North America

      • U.S.
    • Europe

      •  Germany

      • France

    • Asia Pacific

      • Japan

    • Middle East and Africa

    • Latin America

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