Octodecanedioic Acid Market Growth Opportunities, Industry Analysis And Forecast To 2024 : Grand View Research Inc.
San Francisco, 17 April 2019: The Report Octadecanedioic Acid (ODDA) Market Analysis By Application (Polyester Polyols, Cosmetics, Powder Coatings, Lubricating Oils), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), And Segment Forecasts, 2018 – 2024 The global Octodecanedioic Acid 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