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Sebacic Acid Market Trends - Industry Share, Size Report 2024 | Top Key Industry Players: Arkema, BASF, Wilmar International, Santa Cruz Biotechnology (SCBT), TCI - Tokyo Chemical Industry, Shandong Xinhua Pharmaceutical Company Limited
Sebacic Acid Market
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Sebacic acid market size from lubricant applications is poised to surpass 30 kilo tons by 2024. It is used as a key feedstock to produce sebacate diesters which are preferably used in complexed lubricants and greases. Diesters are used as base oil for high performance lubricants including aerospace turbines, industrial hydraulics, automotive and compressor systems.
Major raw material which includes castor oil is widely used for its manufacturing process with production facilities in China. Volatile castor seed cost is likely to have an impact on demand supply gap and affect sebacic acid market price trend. Increasing environmental concerns along with need for bio-based products to replace synthetic feedstocks should boost product demand.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Arkema
2. Hengshui Jinghua Chemical Co., Ltd.
3. Sebacic India Limited
4. Hokoku Corporation
5. Santa Cruz Biotechnology (SCBT)
6. KGN Enterprises
7. Hangzhou Hope Chemical Co., Ltd
8. Zhengzhou Yibang Industry Flavors & Fragrances
9. Shipra Agrichem Pvt. Ltd.
10. Tianxing Biotechnology Co., Ltd.
11. TCI - Tokyo Chemical Industry
12. Tongliao Xinghe Biotechnology Co., Ltd.
13. Shandong Xinhua Pharmaceutical Company Limited
14. Triveni Global Private Limited India
15. Swarnajyothi Agrotech & Power Ltd
16. BASF
17. Wilmar International
18. Jiangsu Zhongzheng Biochemical Co., Ltd.
19. Shanxi Zhengang Chemical Co., Ltd. Sebacic acid
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U.S. sebacic acid market size should witness significant growth at over 4%. It is used to manufacture various polyester resins which may stimulate industry growth in the region. Growing automotive sales along with stringent government regulations to reduce vehicle weight and curb carbon emission should fuel product demand.
France sebacic acid market size from solvents application should exceed USD 4 million by end of 2024. Shift in trend towards less hazardous solvents to reduce toxicity and emission should drive industry growth. Strong application scope in cosmetic and personal care products as hair & skin conditioning, masking agent and emollient should boost industry growth.
Sebacic Acid Market By Application
• Platicizers
• Lubricants
• Solvents
• Adhesives
• Chemical Intermediates
• Others
Browse key industry insights spread across 150 pages with 100 market data tables & 9 figures & charts from the report, “Sebacic Acid Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/sebacic-acid-market
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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Sebacic acid is a white, crystalline dicarboxylic acid commonly derived from castor oil through a chemical process. It is used in the production of nylon, plasticizers, lubricants, and personal care products due to its flexibility, low toxicity, and biodegradability. Its applications span various industries, including automotive, cosmetics, and manufacturing.
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Sebacic acid Prices, Trends & Forecasts | Provided by Procurement Resource
Sebacic acid is a dicarboxylic acid that appears to be a white crystalline powder. The acid is made using Castor oil or adipic acid and has many uses, such as functioning as a lubricant, plasticiser, and corrosion inhibitor in the manufacturing of polymers, plastics and lubricants.
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Sebacic acid derived from castor oil is an exceptional concoction with a wide variety of applications and benefits. It is utilized in the manufacturing bio-polyamides, conferring critical properties such as adaptability, solidness, hydrophobicity, and lower dissolving temperatures. In addition, it is utilized as polyesters, as its flexibility, chemical resistance, and strength supports the dibasic acid nature of sebacic acid. These polyesters are used in various coating applications such as coils,…
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