The Global 1,8-Octanediol Market was valued at USD 128.5 Million in 2024 and is projected to reach USD 185.3 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.3% during the forecast period (2024–2030). This robust growth is primarily driven by escalating demand for high-performance polyurethanes and polyester resins, alongside increasing applications in pharmaceutical intermediates and personal care products requiring advanced moisturizing agents.

As industries worldwide prioritize sustainable and high-performance materials, the spotlight turns to the key chemical producers who are innovating the production and application of this versatile diol. In this analysis, we profile the Top 10 Companies in the 1,8-Octanediol Industry—a combination of established chemical giants and specialized manufacturers shaping the future of this niche but critical market segment.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: High-Purity 1,8-Octanediol, Custom Diol Blends

BASF is a global leader in the chemical industry and a significant supplier of specialty diols, including 1,8-octanediol. The company leverages its extensive petrochemical infrastructure and R&D capabilities to produce high-quality grades for demanding applications in polyurethanes and coatings. Their strong global distribution network ensures a reliable supply to customers across continents.

Innovation and Sustainability Initiatives:

• Investment in bio-based routes for diol production

• Development of sustainable polyol platforms incorporating 1,8-octanediol

• Commitment to carbon-neutral growth by 2030

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9️⃣ 2. Evonik Industries AG

Headquarters: Essen, Germany
Key Offering: Specialty 1,8-Octanediol, Performance Intermediates

Evonik Industries is a powerhouse in specialty chemicals, with a focused portfolio that includes high-value intermediates like 1,8-octanediol. The company’s expertise in polymer chemistry allows it to offer tailored solutions that enhance the performance of polyurethane elastomers, coatings, and adhesives for its global clientele.

Innovation and Sustainability Initiatives:

• R&D focused on creating biodegradable polymers using aliphatic diols

• Strategic partnerships with downstream manufacturers to develop new applications

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8️⃣ 3. Perstorp Holding AB

Headquarters: Malmö, Sweden
Key Offering: 1,8-Octanediol, Neo Polyol Platforms

Perstorp is a specialized chemical company renowned for its polyol and diol derivatives. Its production of 1,8-octanediol is integral to its broader portfolio of specialty polyols used to create more durable and sustainable plastics, resins, and synthetic lubricants for industrial applications.

Innovation and Sustainability Initiatives:

• ProEnergy and ProEnvironment sustainability programs guiding product development

• Focus on circular economy principles in chemical synthesis

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7️⃣ 4. Shandong Guangtong New Materials Co., Ltd.

Headquarters: Zibo, Shandong, China
Key Offering: 98% and 99% Purity 1,8-Octanediol

Shandong Guangtong New Materials is one of China’s leading producers of 1,8-octanediol, with significant manufacturing capacity dedicated to serving both domestic and international markets. The company has established a strong position as a cost-competitive and reliable supplier to the polyurethane and resin industries.

Innovation and Sustainability Initiatives:

• Continuous process optimization to improve yield and purity

• Expansion of production capacity to meet growing global demand

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6️⃣ 5. Zhejiang Boju New Material Co., Ltd.

Headquarters: Shaoxing, Zhejiang, China
Key Offering: High-Purity 1,8-Octanediol, Chemical Intermediates

Zhejiang Boju New Material is a key manufacturer in the Asian 1,8-octanediol market, known for its consistent quality and technical support. The company supplies a range of purity grades tailored for specific industrial needs, from standard polymer applications to high-specification pharmaceutical uses.

Innovation and Sustainability Initiatives:

• Investment in green chemistry initiatives to reduce environmental footprint

• Development of application-specific grades for niche markets

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5️⃣ 6. Qingdao Lilai Chemicals Co., Ltd.

Headquarters: Qingdao, Shandong, China
Key Offering: 1,8-Octanediol, Fatty Alcohol Derivatives

Qingdao Lilai Chemicals has built a reputation as a dependable producer of organic intermediates, including 1,8-octanediol. The company’s strategic location in a major chemical industry hub facilitates efficient logistics and access to raw materials, strengthening its supply chain resilience.

Innovation and Sustainability Initiatives:

• Implementation of advanced purification technologies

• Focus on wastewater treatment and emission control in manufacturing processes

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4️⃣ 7. Changyu Group

Headquarters: Yantai, Shandong, China
Key Offering: 1,8-Octanediol, Chemical Raw Materials

Changyu Group is a diversified chemical enterprise with a significant footprint in the production of various organic compounds. Its involvement in the 1,8-octanediol market is supported by its integrated chemical production capabilities, allowing for competitive pricing and scale.

Innovation and Sustainability Initiatives:

• Vertical integration strategy controlling key raw material inputs

• Expansion into downstream specialty chemical segments

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3️⃣ 8. Ningbo Jieersheng Chemical Co., Ltd.

Headquarters: Ningbo, Zhejiang, China
Key Offering: 99% Purity 1,8-Octanediol, Fine Chemicals

Ningbo Jieersheng Chemical specializes in fine chemicals and pharmaceutical intermediates, with 1,8-octanediol being a key product in its portfolio. The company serves customers who require high-purity materials for sensitive applications in pharmaceuticals and advanced materials.

Innovation and Sustainability Initiatives:

• Rigorous quality control systems meeting international standards

• Development of custom synthesis capabilities for specialty orders

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2️⃣ 9. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: Specialty Diols including 1,8-Octanediol

Mitsubishi Chemical, a Japanese chemical giant, produces a range of specialty diols for high-performance applications. While its portfolio is diverse, its capability in 1,8-octanediol production supports advanced material sectors, particularly in electronics and engineering plastics where precise material properties are critical.

Innovation and Sustainability Initiatives:

• Focus on developing sustainable materials for a circular economy

• Advanced R&D in polymer science and material technology

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1️⃣ 10. Lanxess AG

Headquarters: Cologne, Germany
Key Offering: High-Performance Intermediates, Custom Diol Solutions

Lanxess is a leading specialty chemicals company that supplies high-quality intermediates to various industries. Its involvement in the 1,8-octanediol market is part of its broader strategy to provide innovative solutions for the polyurethane and coating sectors, emphasizing performance and sustainability.

Innovation and Sustainability Initiatives:

• Development of bio-based and recyclable material solutions

• Strategic focus on lightweight construction and electric mobility materials

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🌍 Outlook: The Future of 1,8-Octanediol is Driven by Sustainability and Specialty Applications

The 1,8-octanediol market is experiencing a significant transformation. While traditional applications in polyurethanes continue to dominate consumption, the industry is increasingly focused on bio-based alternatives, high-purity grades for pharmaceuticals, and innovative material science applications.

📈 Key Trends Shaping the Market:

• Growing demand for sustainable and bio-based polyols in the polyurethane industry

• Expansion of pharmaceutical applications requiring high-purity diol intermediates

• Increasing R&D investment in novel polymer architectures utilizing 1,8-octanediol’s unique chain length

• Geographic market expansion with growing production capacity in Asia-Pacific

Get Full Report Here: 1,8-octanediol Market – View in Detailed Research Report

The companies listed above are not only supplying a critical chemical intermediate—they are enabling the next generation of advanced materials across multiple industries.