Octadecanedioic Acid (ODDA) is a long-chain dicarboxylic acid with 18 carbon atoms that acts as a chemical intermediate in the production of polymers, resins, and speciality chemicals.   It is primarily used as a monomer in the synthesis of high-performance polyamides and polyesters because to its ability to improve thermal stability, mechanical strength, and chemical resistance.   ODDA can be produced from both petrochemical and bio-based sources, making it suitable for long-term use.   Its properties make it ideal for use in industries that require both durability and performance, such as automotive, aerospace, coatings, cosmetics, and lubricants.

According to SPER market research, ‘Global Octadecanedioic Acid Market Size- By Application, By End Use - Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ state that the Global Octadecanedioic Acid Market is predicted to reach 14.24 billion by 2034 with a CAGR of 4.69%.

Drivers:

The growing automotive, construction, and textile industries are key drivers of the octadecane dioic acid (ODA) industry. ODDA is utilised in the automotive industry to produce high-performance polymers that aid in the weight reduction, durability, and fuel efficiency of components. The thriving building industry benefits from ODDA-based paints and sealants, which have higher resilience and longer lifespan.   ODDA-derived polymers enhance fabric performance, making it more durable and adaptable to industrial and consumer uses.   As these industries grow owing to urbanisation, infrastructure expansion, and increased consumer demand, the demand for innovative, high-quality materials like ODDA is expected to climb steadily.

Request a Free Sample Report: https://www.sperresearch.com/report-store/octadecanedioic-acid-market?sample=1

Restraints:

The octadecanedioic acid (ODDA) market faces several important obstacles.   Small and medium-sized manufacturers' awareness of ODDA's benefits and industrial applications is low, restricting its widespread deployment.  Cost considerations, particularly those related to the production and purification of high-purity ODDA, can deter potential clients, especially in price-sensitive markets.  Furthermore, obtaining and procuring raw ingredients, particularly for bio-based ODDA, might be difficult due to supply chain constraints or unpredictable input costs. These factors may influence the scalability, pricing, and accessibility of ODDA-based solutions across industries, restricting market penetration in specific geographies or applications. North America is a key market, buoyed by rising demand in the automotive, aerospace, and personal care sectors.   The presence of major chemical manufacturers, as well as advancements in polymer technology, contribute to promote growth.  Environmental regulations also encourage the use of biodegradable and high-performance materials such as ODDA. Some of the key market players are BASF SE, Croda International Plc, Dupont de Nemours, Inc., Evonik Industries AG, Haihang Industry Co., Ltd., Hangzhou Dayangchem Co. Ltd., Invista, Lianyungang Ningkang Chem Co., Ltd., Santa Cruz Biotechnology, Incare others.

For More Information, refer to below link: –   

Octadecanedioic Acid Market Share

 
Related Reports:

Acrylic Fibers Market Growth

Polyvinyl Chloride Resin Market Growth

Follow Us –  

LinkedIn | Instagram | Facebook | Twitter  

Contact Us:  

Sara Lopes, Business Consultant — USA  

SPER Market Research  

enquiries@sperresearch.com  

+1–347–460–2899