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Octadecanedioic Acid (ODDA) Market Analysis, Share, Trends and Segment Forecasts to 2014 - 2024: Radiant Insights, Inc

The global octadecanedioic acid (ODDA) market is anticipated to reach USD 9.4 million by 2024, according to a new report by Grand View Research, Inc. 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 Study Suggest:
Water repellant properties of C18 dicarboxylic acid has found extensive application in cosmetics
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
Commercialization of biobased methods coupled with increasing demand for renewable sources in the lubricants and cosmetics market is anticipated to augment market demand
Lubricating oil is projected to occupy the second-largest share on account of increasing use of ODDA as thickener component in grease compositions
Rising awareness of ecofriendly products and increasing government initiatives supporting measures towards sustainable environment is expected to propel market demand
Volatile price of petrochemical derived products on account of supply-demand imbalances has prompted the shift towards biobased chemicals
Elevance Renewable Sciences Inc. has developed its own patented metathesis catalyst technology, which has fortified its hold in the market
Key market players include Elevance Renewable Sciences Inc., Croda International Plc., Cathay Industrial Biotech Ltd., TCI America, and BASF SE
Table of Contents
Chapter 1 Methodology and Scope
1.1 Research methodology
1.2 Research scope and assumptions
1.3 List of data sources
Chapter 2 Executive Summary
2.1 Octadecanedioic Acid - Industry summary and key buying criteria, 2015
Chapter 3 Octadecanedioic Acid Market Variables, Trends & Scope
3.1 Market segmentation & scope
3.2 Market size and growth prospects, 2014 - 2024
3.3 Value chain analysis
3.3.1 Vendor landscape
3.4 Market dynamics
3.4.1 Market driver analysis
3.4.1.1 Growing demand for engineering polymers
3.4.1.2 High demand for personal care products
3.4.1.3 Biobased production method
3.4.2 Market restraint analysis
3.4.2.1 High product price
3.5 Production process overview
3.6 Key market opportunities - Prioritized
3.6.1 Recent developments
3.6.2 Patent landscape
3.7 Industry analysis - Porter's
3.8 Competitive scenario, 2015
3.8.1 Company heat map analysis
3.8.2 Market strategy overview
3.9 PESTEL analysis
About Radiant Insights:
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Address: 28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
For more information, Visit: http://www.radiantinsights.com 
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