Octadecanedioic acid is a long chain dicarboxylic acid which contains two carbon components. It is also called C18 diacid. Dicarboxylic acid is formed by the traditional method of butadiene oxidation. The primary raw material used in this process consists of petrochemicals.
The volatile prices of petrochemical products coupled with the imbalance in the supply demand of petrochemicals raw materials has led to the shift toward biotechnology-based chemicals. The initiative to produce dicarboxylic acid from the method related to biotechnology production, primarily metathesis and microbial fermentation is taken to reduce the dependency on pertrochemicals raw material.
The production of octadecanedioic acid through microbial fermentation, on a commercial scale, facilitates additional investments and developments in the biotechnological field. In the biotechnology method, vegetable oil is used as a raw material. Emission norms in the automobile and other industrial sectors have played an important role in the development of biotechnology-based acids.
The Global Octadecanedioic Acid Market had reached xxx million USD with a CAGR xx from 2018-2022. Later on, it will go to xxx million USD in 2023 with a CAGR xx % from 2023-2030.

In the global Octadecanedioic Acid Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-
BASF
Croda
Cathay Industrial Biotech
Elevance Renewable Sciences
Nanjing Chemlin Chemical Industrial

In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :
Manufactured by Petrochemical
Manufactured by Biotechnological

In Market segmentation by applications :
Polyester Polyols
Cosmetics
Powder Coatings
Lubricating Oils
Others

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Octadecanedioic Acid Market for the forecast period 2023-2030?
• What are the driving forces in the Octadecanedioic Acid Market for the forecast period 2023-2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Octadecanedioic Acid industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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