- Rising emphasis on environmentally friendly alternatives to petroleum-based dicarboxylic acids has boosted adoption in end-use industries
- Ongoing R&D in bio-based production methods, such as microbial fermentation and enzymatic synthesis, is enhancing efficiency and reducing production costs
- North America dominated the octadecanedioic acid market with the largest revenue share in 2024, fuelled by a strong presence of major chemical manufacturers and growing demand from end-use industries such as automotive, construction, and personal care
- Asia-Pacific region is expected to witness the highest growth rate in the global octadecanedioic acid market, driven by expanding industrial applications and increasing adoption of bio-based materials in countries such as China, India, and Japan.
- The microbial fermentation segment dominated the market with the largest revenue share in 2024, driven by increasing demand for sustainable production methods and growing regulatory pressure to reduce environmental impact. Microbial fermentation is widely adopted for its lower carbon footprint and ability to yield high-purity products from renewable feedstocks. Companies are increasingly investing in biotechnology-based processes to improve efficiency and align with green chemistry initiatives
