Octadecanedioic Acid (ODDA) Market: By Application (Polyester Polyols, Powder Coatings, Adhesive Additives, Sealants and Elastomers, Resin and Rubber, Cosmetics, Lubricating Oils and Others), By End-user Industry (Foodservice, Automotive, Pharmaceutical, Medical, Construction, Textiles and Others) and Geography

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Octadecanedioic Acid Market size was valued at USD 8,532.7 million in 2022 and is poised to grow at a CAGR of 4.2 % from 2023-2029. Octadecanedioic Acid belongs to a class of organic compounds known as long fatty acids with an aliphatic tail and used for the production of biodegradable engineering products with extraordinary properties like solvent resistance, toughness, water repellent and high crystallinity. It is used extensively in soft tissue allografts engineering, drug delivery, surfactants, lubricants, coatings and cosmetics. According to a research article, octadecanedioic acid reduces the carbon footprint by incorporating the renewable content in the products. Moreover, Octadecanedioic acid from renewable feedstock reduces the dependency on petrochemical feedstock by producing eco-friendly products and improves the effectiveness of oleochemical-based biorefinery. Octadecanedioic acid is also used in wastewater treatment, as it can remove metal hydroxides and organic substances such as alcohol residues. It has been shown to be chemically stable and suitable to use in pharmaceutical preparations and process optimization. According to an article Demand for increased production of polymers, increased demand from cosmetic and personal care segment, development in infrastructure are some of the driving factors for the octadecanedioic acid market. Factors like high cost of the products, unfavourable condition due to COVID-19 outbreak, raw material shortage hinder the growth of the octadecanedioic market. However, with the increase in the number of emerging markets, rise in strategic launches and collaborations, rapid development in infrastructure and techniques and the increase in demand of healthy behaviour and lifestyle has led to increased opportunities in octadecanedioic acid market and is expected to flourish in the upcoming years. Moreover, Cosmetics and personal care market is expected to show high growth rate owing to the shifting preference of consumers towards organic products.

Octadecanedioic Acid (ODDA) Market Summary

Study Period

2023 – 2029

Base Year




Largest Market

North America

Fastest Growing Market

Octadecanedioic Acid Market Dynamics

The Octadecanedioic acid polyester polyol thermoplastic polyurethane has properties like higher strength, resistance to hydrolysis, and lighter-weight products making it important in designing new and lighter-weight products. They show green strength and cured strength making them a key factor in reducing assembly time and increasing productivity since no parts have to be clamped after bonding. They are used extensively in the manufacturing of automotive instrument panel, caster wheels, power tools, sporting goods, medical devices, drive belts, a variety of extruded film, sheet and profile uses. This has led to the tremendous increase of octadecanedioic acid demand and blooming of market. Furthermore, its copolyamide with other polymers resulted in formation thermoplastics that are resistant to salt stress cracking and has lower melting point. Owing to these excellent properties and uses, the demand of octadecanedioic acid is increasing in the polyester polyols segment which is stimulating octadecanedioic acid market.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Octadecanedioic Acid (ODDA) Market Segmentation

By Application
  • Polyester Polyols
  • Powder Coatings
  • Adhesive Additives
  • Sealants and Elastomers
  • Resin and Rubber
  • Cosmetics
  • Lubricating Oils
  • Others
By End-user
  • Foodservice
  • Automotive
  • Pharmaceutical
  • Medical
  • Construction
  • Textiles
  • Others
By Geography
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

Asia Pacific has the largest share in the octadecanedioic acid market.

The octadecanedioic acid market forecast study is from 2023-2029.

The key players in the octadecanedioic market are Elevance Renewable Sciences Inc, TCI Chemicals (India) Pvt. Ltd, Hunan HuaTeng Pharmaceutical Co., Ltd., Nanjing Chemlin Chemical Industry Co., Ltd and others.

The octadecanedioic market valued at USD 8,532.7 Million in 2022 and is expected to grow at 4.2% CAGR over the forecast period 2023 – 2029.

  • Elevance Renewable Sciences, Inc.
  • TCI Chemicals (India) Pvt. Ltd.
  • Hunan HuaTeng Pharmaceutical Co., Ltd.
  • Nanjing Chemlin Chemical Industry Co., Ltd.
  • Croda International Plc
  • Cathay Biotech Inc
  • Huateng Pharma
  • Key Organics Limited
  • Oakwood Products Inc.
  • Toronto Research Chemicals Inc.
  • Xiamen Sinopeg Biotech Co. Ltd.
  • Zhejiang Hongxin Dyeing Material Co. Ltd.