Global Octadecanedioic Acid Market 2017-2021

Overview of the global octadecanedioic acid market

According to Technavio’s research analysis on the global octadecanedioic acid (ODDA) market, the high consumption of ODDA in the production of polyester polyols will be one of the major factors that will have a positive impact on this market’s growth till 2021. ODDA is increasingly used as an intermediate in the manufacture of polyester polyols. The polyester polyols have gained increased popularity in the market due to its properties such as good solvent resistance, excellent hydrolytic stability, fine optical clarity, and excellent toughness. Moreover, these properties of polyester polyols have resulted in its high demand from foodservice, automotive, and pharmaceutical sectors. This rise in use and consumption rates of polyester polyol will increase the global demand for ODDA during the forecast period. Our market research analysts predict that this market will grow at a CAGR of more than 4% by 2021.

The rising utilization of ODDA in the powder coating applications is one of the key trends that will contribute to the market growth in the forthcoming years. The powder coating made from using ODDA costs lesser due to its biodegradable nature. In addition, the products made from ODDA have improved functional properties, such as water and chemical resistance compared to the shorter-chain chemical alternatives. Moreover, the high demand for powder coatings is seen in the US, Germany, and China and is recognized to reduce the emission of harmful chemicals or by-products. The powder coating application of ODDA has a huge demand from end-user industries such as automotive and construction.

Competitive landscape and key vendors  

The ODDA market consists of few vendors. The market a huge demand from major end-user industries due to its superior functional properties. Major vendors are competing based on operating cost, price, product quality, and innovation. ODDA is increasingly used in numerous applications such as polyester polyols, lubricating oil, powder coatings, cosmetics, adhesives, and pharmaceuticals.

The leading vendors in the market are –

• Caming Pharmaceutical
• Croda International
• Elevance Renewable Sciences
• HIMOUNT EUROPE
• LGC
• TCI AMERICA

The other prominent vendors in the market are Nanjing Chemlin Chemical Industry Co., Toronto Research Chemicals, Zhejiang Hongxin Dyeing Material Co., Oakwood Products, and Key Organics.

Segmentation by application and analysis of the ODDA market

• Polyester polyols
• Lubricating oils
• Cosmetics
• Powder coatings

During 2016, the polyester polyols segment accounted for the major shares of the ODDA market. Factors such as the fine optical clarity, solvent resistance, hydrolytic stability, and toughness will contribute to the growth of the polyester polyols market in the coming years.

Geographical segmentation and analysis of the ODDA market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the ODDA market throughout the forecast period. The rising demand from end-user industries such as powder coatings, pharmaceutical products, lubricants, adhesives, cosmetics will raise the demand for ODDA during the forecast period in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global octadecanedioic acid market?
• What are the key market trends impacting the growth of the global octadecanedioic acid market?
• What are the challenges to market growth?
• Who are the key vendors in the global octadecanedioic acid market?
• What are the market opportunities and threats faced by the vendors in the global octadecanedioic acid market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global octadecanedioic acid market?

Technavio also offers customization on reports based on specific client requirement.