Press release
$480 million Opportunity by 2024 in the Sebacic Acid Market: Global Key Vendors - Arkema, Santa Cruz Biotechnology (SCBT), TCI - Tokyo Chemical Industry, BASF, Wilmar International
U.S. Sebacic Acid Market Size, By Application, 2016 & 2024 (Kilo Tons)
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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.
Growth drivers
• Asia Pacific: Expanding lubricants market is likely to promote sebacic acid demand
• Europe: Government initiatives & policies stimulating bio-based products demand
• North America: Growing cosmetic industry promoting sebacic acid 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.
India sebacic acid market size from lubricants application is likely to witness favorable gains over the forecast timeframe. Growth in automobile production and sales along with rise in per capita disposable income is likely to influence regional product demand.
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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.
20. Sebacic acid
Sebacic Acid Market size is set to exceed USD 480 million at the end of 2024; according to a new research report by Global Market Insights, Inc. 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.
Sebacic Acid Market By Application
• Platicizers
• Lubricants
• Solvents
• Adhesives
• Chemical Intermediates
• Others
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.
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.
Browse key industry insights report, “Sebacic Acid Market Size By Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” 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.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
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Sebacic acid finds application…
