Octadecanedioic Acid (ODDA) Market to Reach $9.4 Million by 2024 - Analysis By Application, Region & Segment - Research & Mar...
March 27 2017 - 8:35AM
Business Wire
Research and Markets has announced the addition of the
"Octadecanedioic Acid (ODDA) Market 2014 - 2024" report to their
offering.
The global octadecanedioic acid (ODDA) market is anticipated to
reach USD 9.4 million by 2024. Growing demand for renewable
chemicals used to derive high value intermediate & end-use
products is expected to support market growth over the coming
years.
Traditionally, dibasic or dicarboxylic acids were produced
through chemical reactions such as multistep butadiene oxidation
which used petrochemical as a raw material. Initiatives undertaken
to reduce dependency on petrochemical feedstock led to the
development of biotechnological production methods, namely,
microbial fermentation and metathesis.
Further expansions & investments in the biotechnological
field are anticipated to facilitate commercial scale production of
C18 dibasic acid through microbial fermentation. Vegetable oil is
used as feedstock while using the biotechnological processes.
Rising ODDA demand from soaps & detergents and organic
personal care products is projected to augment market growth over
the forecast period. Developing economies such as India, China,
South Korea and Japan are slated to emerge as the key end-use
markets. Growing application scope in personal care and plastics is
expected to augment product demand over the forecast period.
Further key findings from the report suggest:
- The application of octadecanedioic acid in coatings, adhesives,
sealants, and elastomers (CASE) segment is projected to gain
prominence across the world.
- Demand in the polyester polyols segment accounted for
approximately 50% of the market volume in 2015.
- Advantages such as improved performance, reduced carbon
footprint, and renewable content enable manufacturers to charge a
green premium on products.
- Rising awareness of ecofriendly products and increasing
government initiatives supporting measures towards sustainable
environment is expected to propel market demand.
Companies Mentioned:
- BASF
- Elevance Renewable Sciences, Inc.
- Croda International plc
- Cathay Industrial Biotech Ltd.
- TCI America
Key Topics Covered:
1 Methodology and Scope
2 Executive Summary
3 Octadecanedioic Acid Market Variables, Trends & Scope
4 Octadecanedioic Acid Market: Application Estimates & Trend
Analysis
5 Octadecanedioic acid Market: Regional Estimates & Trend
Analysis
6 Octadecenedioic Acid Potential Market
7 Competitive Landscap
For more information about this report visit
http://www.researchandmarkets.com/research/8286gt/octadecanedioic
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version on businesswire.com: http://www.businesswire.com/news/home/20170327005593/en/
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