Global Octadecanedioic Acid (ODDA) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Application;

Polyester Polyols, Powder Coatings, Cosmetics, Lubricating Oils, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn320616315 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Octadecanedioic Acid (ODDA) Market (USD Million), 2021 - 2031

In the year 2024, the Global Octadecanedioic Acid (ODDA) Market was valued at USD 9.40 million. 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%.

The global market for Octadecanedioic Acid (ODDA) is experiencing significant growth driven by its versatile applications across various industries. ODDA, also known as dioctadecanedioic acid or DODA, is a long-chain dicarboxylic acid primarily derived from castor oil or petrochemical sources. Its unique chemical structure makes it valuable in sectors such as cosmetics, pharmaceuticals, lubricants, and polymers. As a bio-based alternative to traditional petrochemical-derived acids, ODDA is gaining traction due to its environmental sustainability and biodegradability.

In the cosmetics industry, ODDA is utilized in skincare products for its moisturizing and emollient properties. It serves as a crucial ingredient in formulations targeting hydration and skin barrier enhancement, appealing to consumers increasingly interested in natural and sustainable beauty products. Additionally, ODDA finds application in pharmaceuticals, where its ability to modify drug release profiles and enhance bioavailability makes it valuable in formulations ranging from oral medications to topical treatments.

The lubricants and polymer industries also contribute significantly to the demand for ODDA. As a lubricant additive, ODDA improves performance characteristics such as viscosity control and wear resistance in automotive and industrial applications. In polymer production, it acts as a building block for high-performance materials, including polyamides and polyesters, offering improved mechanical properties and processing advantages. With ongoing research and development efforts focusing on enhancing its functionalities and expanding its applications, the global ODDA market is poised for continued growth in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Application
    2. Market Snapshot, By Region
  4. Global Octadecanedioic Acid (ODDA) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Bio-based
        2. Sustainability
        3. Industrial applications
        4. Regulations
      2. Restraints
        1. Cost
        2. Competition
        3. Supply chain disruptions
        4. Technological limitations
      3. Opportunities
        1. Sustainable development
        2. Research and development
        3. Emerging markets
        4. Innovative applications
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Octadecanedioic Acid (ODDA) Market, By Application, 2021 - 2031 (USD Million)
      1. Polyester Polyols
      2. Powder Coatings
      3. Cosmetics
      4. Lubricating Oils
      5. Others
    2. Global Octadecanedioic Acid (ODDA) Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Elevance Renewable Sciences, Inc.
      2. TCI Chemicals (India) Pvt. Ltd.
      3. Hunan HuaTeng Pharmaceutical Co., Ltd.
      4. Nanjing Chemlin Chemical Industry Co.
      5. XIAMEN SINOPEG BIOTECH CO.
  7. Analyst Views
  8. Future Outlook of the Market