Press release
Sebacic Acid Market Top Key Players: Casda Biomaterials, Hengshui Jinghua, Hope Chemical, Shandong Siqiang, and Hokoku Corp
Sebacic Acid Market
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Rise in use of bio based lubricants in automobiles trucks and aircraft vehicles owing to reduce environmental impact by increasing fuel efficiency and minimizing carbon emission which should drive industry growth. Sebacic acid is used to derive disodium sebacate which is a corrosion inhibitor and coolant in automotive as well as aircraft industry.
Essential feedstock for production is castor oil. Fluctuating castor oil seeds costs may challenge industry profitability and impact sebacic acid market price trend. However, increasing popularity of bio based polymers derived from renewable and natural sources such as castor oil over petroleum based polymer may act as major contributing factor towards sebacic acid market growth.
Increasing application outlook in lubricants, plasticizers, adhesives, and solvents should drive sebacic acid market size. It is naturally occurring dicarboxylic acid which is found either in powdered or white flakes form. In addition, it is used as an intermediate for antiseptics, painting materials, and aromatics. Supportive government policies owing to non-hazardous properties under REACH regulations is likely to have a positive impact on industry growth.
The product used in manufacturing of dioctyl sebacate, diethyl sebacate and dibutyl sebacate, which are widely used as plasticizers owing to low temperature properties. Increasing nylon 6-10 production mainly in Japan and China owing to wide usage in household items including finishing line and toothbrush bristles should drive industry growth.
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Partial Chapter of the Table of Content
Chapter 4 Sebacic Acid Market, By Application
4.1 Sebacic acid application market share, 2016 & 2024
4.2 Plasticizers
4.2.1 Market estimates & forecast, 2013-2024, (Kilo tons) (USD Million)
4.2.2 Market estimates & forecast, by region, 2013-2024, (Kilo tons) (USD Million)
4.3 Lubricants
4.3.1 Market estimates & forecast, 2013-2024, (Kilo tons) (USD Million)
4.3.2 Market estimates & forecast, by region, 2013-2024, (Kilo tons) (USD Million)
4.4 Solvents
4.4.1 Market estimates & forecast, 2013-2024, (Kilo tons) (USD Million)
4.4.2 Market estimates & forecast, by region, 2013-2024, (Kilo tons) (USD Million)
4.5 Adhesives
4.5.1 Market estimates & forecast, 2013-2024, (Kilo tons) (USD Million)
4.5.2 Market estimates & forecast, by region, 2013-2024, (Kilo tons) (USD Million)
4.6 Chemical Intermediates
4.6.1 Market estimates & forecast, 2013-2024, (Kilo tons) (USD Million)
4.6.2 Market estimates & forecast, by region, 2013-2024, (Kilo tons) (USD Million)
4.7 Others
4.7.1 Market estimates & forecast, 2013-2024, (Kilo tons) (USD Million)
4.7.2 Market estimates & forecast, by region, 2013-2024, (Kilo tons) (USD Million)
Browse Full TOC @ https://www.gminsights.com/toc/detail/sebacic-acid-market
Asia Pacific, led by China and India, sebacic acid market size, should surpass USD 180 million by 2024. Positive indicator in automotive sales accompanied with flourishing numerous end-use industries including, pharmaceuticals, textile, cosmetics owing to availability of low wage labor and raw materials may boost product demand in this region.
North America sebacic acid market may grow significantly over 4%. Growing use of nylon mainly in U.S. textile industry along with increasing demand in cosmetic formulation including hair & skin conditioning, sunscreens and masks due to low toxicity should drive regional growth. Castor oil derivative manufacturers in this region are engaged in capacity expansion along with entry of new players in this sector may act as another contributing factor towards industry growth.
Global sebacic acid market share is competitive and moderately consolidated. Hengshui Jinghua Chemical, Casda Biomaterials, Sebacic India, Hokoku Corp, and Shandong Siqiang Chemical are some industrial participants operating in the industry. Companies are engaged in focusing towards forming strategies and product innovation to gain competitive advantage, thereby promoting industry growth.
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