Octadecanedioic Acid (ODDA) Market
By Grade;
Cosmetic Grade, Industrial Grade, and Pharmaceutical GradeBy Form;
Liquid and SolidBy Application;
Polyester Polyols, Powder Coatings, Cosmetics, Lubricating Oils, and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Octadecanedioic Acid (ODDA) Market Overview
Octadecanedioic Acid (ODDA) Market (USD Million)
Octadecanedioic Acid (ODDA) Market was valued at USD 9.40 million in the year 2024. The size of this market is expected to increase to USD 12.37 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.0%.
Octadecanedioic Acid (ODDA) Market
*Market size in USD million
CAGR 4.0 %
Study Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 4.0 % |
Market Size (2024) | USD 9.40 Million |
Market Size (2031) | USD 12.37 Million |
Market Concentration | High |
Report Pages | 337 |
Major Players
- Elevance Renewable Sciences, Inc.
- TCI Chemicals (India) Pvt. Ltd.
- Hunan HuaTeng Pharmaceutical Co., Ltd.
- Nanjing Chemlin Chemical Industry Co.
- XIAMEN SINOPEG BIOTECH CO.
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Octadecanedioic Acid (ODDA) Market
Fragmented - Highly competitive market without dominant players
The Octadecanedioic Acid (ODDA) Market is gaining significant momentum as this specialty chemical is increasingly used in high-performance polymers, cosmetic formulations, and industrial applications. Over 53% of demand is linked to polyamides and polyesters, where ODDA enhances durability, heat resistance, and flexibility. Its versatility across multiple industries makes it a crucial material in advanced manufacturing.
Expanding Use in Bio-Based Materials
The shift toward sustainable chemistry has accelerated the adoption of ODDA in bio-based polymers and eco-friendly resins. Nearly 39% of new product developments focus on renewable ODDA sources, supporting the transition to green manufacturing. This positions ODDA as a key enabler of sustainable industrial practices.
Integration in Personal Care Formulations
In the cosmetics sector, octadecanedioic acid is valued for its role in skin conditioning and sebum regulation. Approximately 32% of applications are tied to personal care products, where ODDA enhances stability and improves formulation performance. Its increasing use in premium cosmetic lines highlights its growing market relevance.
Role in Advanced Coatings and Adhesives
ODDA is widely utilized in industrial coatings, sealants, and adhesives due to its ability to deliver strong chemical resistance and improved adhesion. Close to 29% of demand comes from coating applications, reflecting its contribution to durability and long-lasting performance across diverse industries.
Future Prospects in High-Tech Industries
The ODDA market is set to benefit from its integration into 3D printing materials, specialty polymers, and medical-grade compounds. Around 27% of ongoing innovations are focused on next-generation applications, showcasing ODDA’s role in driving technological advancements and ensuring long-term growth potential.
Octadecanedioic Acid (ODDA) Market Recent Developments
- In August 2024, Cathay Biotech Inc. announced its aim to provide comprehensive material solutions across the entire production, transportation, storage, and application chain in support of the renewable energy sector.
- In April 2024, ACS Pharmacology & Translational Science launched the ODDA-TP conjugate, enhancing the cyclic peptide’s half-life and safety profile, enabling noncovalent binding to serum albumin via native fatty acid binding modes.
Octadecanedioic Acid (ODDA) Market Segment Analysis
In this report, the Octadecanedioic Acid (ODDA) Market has been segmented by Grade, Form, Application and Geography.
Octadecanedioic Acid (ODDA) Market, Segmentation by Grade
The Octadecanedioic Acid (ODDA) Market has been segmented by Grade into Cosmetic Grade, Industrial Grade and Pharmaceutical Grade
Cosmetic Grade
The cosmetic grade segment represents around 35% of the global ODDA market, driven by rising consumer preference for bio-based skincare solutions. Known for its ability to regulate oil production and improve skin smoothness, ODDA is increasingly used in premium beauty and personal care formulations. Growing awareness of sustainable and natural cosmetic ingredients is expected to further strengthen this segment’s growth trajectory.
Industrial Grade
Holding over 50% of the market share, industrial grade ODDA remains the leading category due to its versatile use in polymers, adhesives, coatings, and lubricants. Its durability and high-performance properties make it essential for the automotive, construction, and manufacturing sectors. As industries shift toward eco-friendly materials, demand for industrial-grade ODDA continues to rise, solidifying its dominant position in the market.
Pharmaceutical Grade
Accounting for approximately 15% of the ODDA market, the pharmaceutical grade segment is steadily growing with applications in drug delivery systems and medical formulations. Its biocompatibility and multifunctional properties enhance its value in advanced healthcare solutions. With expanding research and development in pharmaceuticals, this grade is expected to register consistent growth in the coming years.
Octadecanedioic Acid (ODDA) Market, Segmentation by Form
The Octadecanedioic Acid (ODDA) Market has been segmented by Form into Liquid and Solid
Liquid
The liquid form of Octadecanedioic Acid (ODDA) accounts for nearly 60% of the market share, driven by its ease of application in cosmetics, pharmaceuticals, and specialty chemicals. Its ability to blend seamlessly with formulations enhances its demand in skincare and drug delivery systems. Rising interest in bio-based liquid formulations is expected to further boost this segment.
Solid
The solid form holds around 40% of the ODDA market, primarily due to its extensive use in industrial applications such as polymers, coatings, and adhesives. Its durability and high melting stability make it suitable for construction and automotive industries. As industries shift toward sustainable raw materials, demand for solid ODDA continues to grow at a steady pace.
Octadecanedioic Acid (ODDA) Market, Segmentation by Application
The Octadecanedioic Acid (ODDA) Market has been segmented by Application into Polyester Polyols, Powder Coatings, Cosmetics, Lubricating Oils and Others.
Polyester Polyols
The polyester polyols segment represents nearly 30% of the ODDA market, driven by its extensive use in producing polyurethanes for coatings, adhesives, sealants, and elastomers. Its strong mechanical performance and durability make it a preferred material in construction and automotive applications. Growing demand for eco-friendly polyols further boosts this segment’s growth.
Powder Coatings
Accounting for around 25% of the ODDA market, powder coatings applications benefit from ODDA’s ability to deliver chemical resistance and surface durability. Widely used in industrial coatings, furniture finishes, and automotive parts, this segment is expanding due to the shift toward low-VOC and sustainable coating solutions. Rapid industrialization supports steady demand growth.
Cosmetics
The cosmetics application holds nearly 20% of the market share, with ODDA valued for its role in skincare formulations, including anti-aging products and moisturizers. Its ability to regulate sebum production and improve skin texture enhances its adoption in premium beauty products. Rising consumer preference for bio-based cosmetic ingredients fuels segment expansion.
Lubricating Oils
Lubricating oils constitute about 15% of the ODDA market, as the compound is used to enhance thermal stability and anti-wear properties. Its wide application in the automotive and industrial machinery sectors ensures steady demand. Growing emphasis on eco-friendly lubricants is expected to accelerate this segment’s adoption.
Others
The "others" category accounts for nearly 10% of the ODDA market, including niche uses in medical applications, adhesives, and specialty chemicals. Although relatively smaller, this segment demonstrates growth potential due to ongoing research and development in innovative uses of ODDA. Emerging applications in biotechnology are likely to strengthen its market presence.
Octadecanedioic Acid (ODDA) Market, Segmentation by Geography
In this report, the Octadecanedioic Acid (ODDA) Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Regions and Countries Analyzed in this Report
Octadecanedioic Acid (ODDA) Market Share (%), by Geographical Region
North America
North America accounts for nearly 28% of the ODDA market, supported by strong demand from the cosmetics and pharmaceutical sectors. The presence of leading chemical manufacturers and the growing shift toward bio-based materials are fueling adoption. Rising investment in advanced healthcare and personal care industries continues to drive steady growth in this region.
Europe
Europe holds about 25% of the ODDA market, primarily driven by stringent environmental regulations and high demand for sustainable coatings and polyurethane products. Countries like Germany and France are leading consumers due to advanced automotive and industrial applications. The region’s emphasis on green chemistry strengthens its market position.
Asia Pacific
The Asia Pacific region dominates with nearly 35% of the ODDA market, driven by rapid industrialization and strong growth in automotive, construction, and cosmetics industries. China, India, and Japan are key contributors, with rising demand for eco-friendly materials fueling expansion. Growing manufacturing capabilities continue to strengthen the region’s leadership.
Middle East & Africa
Middle East & Africa collectively account for around 7% of the ODDA market, with increasing adoption in construction materials and industrial lubricants. Expanding infrastructure projects and growing focus on automotive applications are supporting demand. While relatively smaller, the region shows long-term potential due to rising industrial investments.
Latin America
Latin America represents nearly 5% of the ODDA market, primarily supported by growth in cosmetics and pharmaceutical applications. Brazil and Mexico are the largest contributors, with increasing focus on bio-based formulations. Although still emerging, the region is projected to witness gradual expansion due to evolving industrial and healthcare sectors.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Octadecanedioic Acid (ODDA) Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Bio-based
- Sustainability
- Industrial applications
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Regulations - Regulations play a pivotal role in shaping the landscape of the Octadecanedioic Acid (ODDA) market globally, influencing its production, distribution, and application across various industries. Regulatory frameworks primarily focus on ensuring environmental sustainability, health and safety standards, and the promotion of bio-based alternatives.
In many regions, stringent environmental regulations drive the demand for ODDA as a bio-based alternative to traditional petrochemical-derived acids. These regulations often prioritize the reduction of carbon emissions and the use of renewable resources, aligning with global initiatives to mitigate climate change. For instance, regulations in Europe, such as REACH (Registration, Evaluation, Authorization and Restriction of Chemicals), set strict guidelines for the use of chemicals, encouraging manufacturers to adopt sustainable practices and develop eco-friendly products like ODDA.
Health and safety regulations also influence the ODDA market by ensuring that products containing ODDA meet stringent safety standards for consumer use. Regulatory bodies mandate thorough testing and certification processes to assess the impact of chemicals on human health, prompting manufacturers to adhere to strict guidelines in product formulations and applications.
Restraints
- Cost
- Competition
- Supply chain disruptions
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Technological limitations - Technological limitations can pose significant challenges for the Octadecanedioic Acid (ODDA) market, affecting its production, application, and market adoption. Here are some key technological limitations:
The efficiency of current production processes for ODDA from renewable sources like castor oil can be a limitation. Improving yield rates and reducing production costs are ongoing challenges that hinder widespread adoption, especially compared to traditional petrochemical-derived acids.
The synthesis and purification of ODDA can be complex and require specialized equipment and expertise. Developing simplified and scalable processes is essential to make ODDA production more economically viable and environmentally sustainable.
Ensuring consistent quality and purity of ODDA is crucial for its reliable performance in various applications. Variability in production batches or impurities can affect the final product's effectiveness and market acceptance.
Opportunities
- Sustainable development
- Research and development
- Emerging markets
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Innovative applications - Innovative applications are crucial for expanding the Octadecanedioic Acid (ODDA) market into new and diverse industries, leveraging its unique properties and sustainability advantages. Here are several innovative application areas where ODDA is gaining traction:
ODDA is used as a building block in the production of biodegradable polymers such as polyamides and polyesters. These materials find applications in packaging, textiles, and biomedical devices where biocompatibility and sustainability are paramount.
In the cosmetics industry, ODDA serves as a natural moisturizer and emollient in skincare formulations. Its ability to enhance skin hydration and barrier function makes it suitable for eco-friendly and organic beauty products catering to environmentally conscious consumers.
ODDA's chemical structure and biocompatibility make it an ideal candidate for modifying drug delivery systems. It can improve the solubility and bioavailability of active pharmaceutical ingredients, contributing to more effective and targeted drug therapies.
Competitive Landscape Analysis
Key players in Global Octadecanedioic Acid (ODDA) Market include;
- Elevance Renewable Sciences, Inc.
- TCI Chemicals (India) Pvt. Ltd.
- Hunan HuaTeng Pharmaceutical Co., Ltd.
- Nanjing Chemlin Chemical Industry Co.
- XIAMEN SINOPEG BIOTECH CO.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Grade
- Market Snapshot, By Form
- Market Snapshot, By Application
- Market Snapshot, By Region
- Octadecanedioic Acid (ODDA) Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Bio-based
- Sustainability
- Industrial applications
- Regulations
- Restraints
- Cost
- Competition
- Supply chain disruptions
- Technological limitations
- Opportunities
- Sustainable development
- Research and development
- Emerging markets
- Innovative applications
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
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Octadecanedioic Acid (ODDA) Market, By Grade, 2021 - 2031 (USD Million)
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Cosmetic Grade
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Industrial Grade
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Pharmaceutical Grade
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Octadecanedioic Acid (ODDA) Market, By Form, 2021 - 2031 (USD Million)
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Liquid
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Solid
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- Octadecanedioic Acid (ODDA) Market, By Application, 2021 - 2031 (USD Million)
- Polyester Polyols
- Powder Coatings
- Cosmetics
- Lubricating Oils
- Others
- Octadecanedioic Acid (ODDA) Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
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- Competitive Landscape
- Company Profiles
- Elevance Renewable Sciences, Inc.
- TCI Chemicals (India) Pvt. Ltd.
- Hunan HuaTeng Pharmaceutical Co., Ltd.
- Nanjing Chemlin Chemical Industry Co.
- XIAMEN SINOPEG BIOTECH CO.
- Company Profiles
- Analyst Views
- Future Outlook of the Market