Octadecanedioic Acid Market Worth $9.4 Million By 2024by sonali_86 · June 10 Cheap Bud Dupree Jersey , 2019 The globaloctadecanedioic acid (ODDA) marketis 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 Cheap Javon Hargrave Jersey , 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. Access Research Report of Octadecanedioic Acid Market@ Further key findings from the report suggest: Water repellant properties of C18 dicarboxylic acid has found extensive application in cosmeticsThe application of octadecanedioic acid in coatings, adhesives, sealants Cheap Sean Davis Jersey , and elastomers (CASE) segment is projected to gain prominence across the worldDemand in the polyester polyols segment accounted for approximately 50% of the market volume in 2015Advantages such as improved performance, reduced carbon footprint, and renewable content enable manufacturers to charge a reen premium?on productsCommercialization of biobased methods coupled with increasing demand for renewable sources in the lubricants and cosmetics market is anticipated to augment market demandLubricating oil is projected to occupy the second-largest share on account of increasing use of ODDA as thickener component in grease compositionsRising awareness of ecofriendly products and increasing government initiatives supporting measures towards sustainable environment is expected to propel market demandVolatile price of petrochemical derived products on account of supply-demand imbalances has prompted the shift towards biobased chemicalsElevance Renewable Sciences Inc. has developed its own patented metathesis catalyst technology, which has fortified its hold in the marketKey market players include ElevanceRenewable Sciences Inc., Croda International Plc. Cheap Artie Burns Jersey , Cathay Industrial Biotech Ltd., TCI America, and BASF SE Grand View Research has segmented the octadecanedioic acid market on the basis of application and region: OctadecanedioicAcid Application Outlook (Volume, Kilo Grams; Revenue, USD Thousand Cheap Chukwuma Okorafor Jersey , 2014 – 2024) Polyester polyolsCosmeticsPowder coatingsLubricating oilOthers OctadecanedioicAcidRegional Outlook (Volume, Kilo Grams; Revenue, USD Thousand, 2014 – 2024) North AmericaEuropeAsia PacificMiddle East and AfricaLatin America About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company Cheap Terrell Edmunds Jersey , registered in the State of California and headquartered in San Francisco. Thecompany provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals Cheap Maurkice Pouncey Jersey , materials and healthcare. For More Information: >Is The MLM Business Opportunity Better Off Worked At Home Or What? Find Out... Posted by nick_niesen on October 28th, 2010
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