Global Octadecanedioic Acid Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
"Global Octadecanedioic Acid Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global octadecanedioic acid market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global octadecanedioic acid market report has been segmented on the application, and region.
Octadecanedioic acid belongs to the class of organic compounds known as long-chain fatty acids which is insoluble in water, and is relatively a neutral molecule. Octadecanedioic acid has been primarily detected in urine. Within the cell, octadecanedioic acid is primarily located in the membrane, cytoplasm and adiposome.
Growing demand for engineering polymers is in turn expected to boost demand for octadecanedioic acid, thereby expected to drive growth of the global octadecanedioic acid market over the forecast period. In addition, increasing demand for personal care products is another factor expected to support growth of the global octadecanedioic acid market. Furthermore, increasing demand for elastomers, polyester foams, and paints in various automotive and industrial applications are the some among the other factors propelling growth of global octadecanedioic acid market in near future.
Emerging applications of octadecanedioic acid in medical and textiles industries are other factors expected to support growth of target market.
However, high cost of the product is expected to hamper growth of the target market over the forecast period. Nevertheless, manufacturers focusing on developing processes for efficient production, which can in turn increase product output, is expected to create lucrative growth opportunities for players operating in the target market.
Based on application, the global octadecanedioic acid market is segmented based on polyester polyols, cosmetics, powder coatings, and lubricating oil. The polyester polyols application segment is estimated to account for highest revenue share in 2018 and register a CAGR of XX.X% over the forecast period.
Market in Asia Pacific accounted for significant revenue share of the global octadecanedioic acid market in terms of revenue contribution as compared to that of markets in other regions, in 2017. Rising awareness for ecofriendly products and increasing government initiatives supporting measures towards sustainable environment are major factors expected to drive growth of the market in Asia Pacific over the forecast period. In addition, the market in the Asia Pacific is projected to register fastest growth in terms of revenue over the next 10 years.
North America accounts for second-highest revenue share contribution to the global market, registering a revenue share of XX.X%, followed by markets in the Europe, Latin America, and the Middle East & Africa respectively.
Rapidly growing demand for octadecanedioic acid in various applications such as polyester polyols, powder coatings, and cosmetics, coupled with use octadecanedioic acid in healthcare industry especially in the US, are major factors expected to support growth of North America octadecanedioic acid market over the forecast period.
The Middle East & Africa market is expected to register a CAGR of XX.X% during the forecast period. The market in Latin America is expected to register moderate growth in the global octadecanedioic acid market over the forecast period.
Global Octadecanedioic Acid Market Segmentation:
Segmentation on the basis of application:
- Polyester polyols
- Powder coatings
- Lubricating oil
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- BASF SE
- Elevance Renewable Sciences, Inc.
- Croda International plc
- Cathay Industrial Biotech Ltd.
- TCI Chemicals (India) Pvt. Ltd.
- Nanjing Chemlin Chemical Industry Co., Ltd.
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