Octadecanedioic Acid Market Report 2026

The octadecanedioic acid market size has grown strongly in recent years. It will grow from $8.85 billion in 2025 to $9.31 billion in 2026 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to growth of polymer manufacturing industry, increasing use of specialty chemicals, expansion of automotive component production, demand for durable materials, advancements in organic synthesis processes.

The octadecanedioic acid market size is expected to see steady growth in the next few years. It will grow to $11.15 billion in 2030 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to lightweight material demand in vehicles, growth in specialty coatings, sustainability driven polymer innovation, rising use in personal care formulations, development of bio derived monomers. Major trends in the forecast period include growing use in high performance polyamides, rising demand from automotive polymer applications, expansion of specialty polyester production, increasing adoption in lubricants and greases, higher focus on bio based dicarboxylic acids.

The expanding pharmaceutical sector is expected to propel the growth of the octadecanedioic acid market going forward. The pharmaceutical sector refers to the segment of the economy involved in the research, development, production, and distribution of medications and other health-related products. Growth in this sector is driven by advances in medical research and technology, an aging global population, increasing prevalence of chronic diseases, rising healthcare expenditure, and broader access to healthcare in developing regions. Octadecanedioic acid is utilized in this sector for its role in drug delivery systems, improving medication stability and controlled release while offering biocompatibility for safer and more effective pharmaceutical products. For instance, in October 2025, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA), a Belgium-based organization representing the pharmaceutical sector, European pharmaceutical production increased from $470.62 billion (€405.7 billion) in 2023 to $510.41 billion (€440 billion) in 2024. Therefore, the expanding pharmaceutical sector is driving the growth of the octadecanedioic acid market.

The rising cosmetics industry is expected to propel the growth of the octadecanedioic acid market going forward. The cosmetics industry includes a wide range of products designed to enhance and maintain physical appearance, such as skincare, haircare, makeup, fragrances, and personal care items. Industry growth is driven by evolving consumer preferences, technological advancements, social media influence, wellness trends, and globalization, all of which support innovation and accessibility in beauty products. Octadecanedioic acid offers significant benefits for this industry, serving as an ingredient that supports skin health, hydration, and overall well-being. For instance, in September 2024, Cosmetica Italia, an Italy-based national trade association, reported that Italy’s cosmetics market reached $14.5 billion (€12,530 million) at the end of 2023, reflecting a 9.4% increase over 2022, with the industry’s total turnover reaching $17.5 billion (€15.1 billion). Therefore, the rising cosmetics industry is driving the growth of the octadecanedioic acid market.

The expansion of the automotive industry is expected to propel the growth of the octadecanedioic acid market going forward. The automotive industry involves the design, manufacturing, and sale of motor vehicles, including cars, trucks, and motorcycles, as well as their components and supporting infrastructure. Its growth is fueled by rising demand for advanced, energy-efficient vehicles supported by technological innovation and shifting consumer preferences. Octadecanedioic acid is used in this sector as a key component in high-performance polyamides and coatings that improve vehicle durability, chemical resistance, and the performance of lightweight components. For instance, in January 2024, the European Automobile Manufacturers Association, a Belgium-based automobile industry association, reported that the EU car market grew by 13.9% in 2023 compared to 2022, reaching total annual sales of 10.5 million vehicles. Therefore, the expansion of the automotive industry is driving the growth of the octadecanedioic acid market.

Major companies operating in the octadecanedioic acid market are BASF SE, Thermo Fisher Scientific Inc., Solvay SA, Arkema S.A., Croda International plc, Cathay Biotech Inc., Shandong Minglang Chemical Co. Ltd., Elevance Renewable Sciences Inc., Unilong Industry Co. Ltd., Shandong Ench Chemical Co. Ltd., TCI Chemicals (India) Pvt. Ltd., OPQ Chemical Co. Ltd., Conscientia Industrial Co. Ltd., Autech Industry Co. Ltd., Key Organics Limited, Gihi Chemicals Co. Ltd., Nanjing Chemlin Chemical Industrial Co. Ltd., Sandoo Pharmaceuticals, Ambeed Inc., Lori Industry Co. Ltd., Refine Chemical Co. Ltd., Zehao Industry Co. Ltd., Shandong Lanhai Industry Co. Ltd., Xingrui Industry Co. Ltd.

North America was the largest region in the octadecanedioic acid market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the octadecanedioic acid market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the octadecanedioic acid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The octadecanedioic acid market consists of sales of biodegradable materials, pharmaceuticals, coatings, paints, lubricants and greases, cosmetics, and personal care products. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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