Press release
Sebacic Acid Market is set to grow at a healthy CAGR up to 2024, North America to show steady growth
Sebacic Acid Market in North America will 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.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.
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The meteoric rise in sebacic acid market demand has been a subject of tremendous attention of late, given the recent announcement of world’s largest sebacic project in Duqm to start production by the end of 2017. Reportedly, the much acclaimed Sebacic Oman’s project is of humougous production capacity of 30000 tons. While the commercial operation of the project is already underway, the export process is claimed to commence from the begging of Q1, 2018. Allegedly, the Omani and Indian investors have encouraged this fresh of the boat export oriented project with a capital investment of over USD 62 million. Undoubtedly, this is one of the biggest scoops that sebacic acid market space has witnessed over the recent times.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Arkema
2. Sebacic India Limited
3. Santa Cruz Biotechnology (SCBT)
4. KGN Enterprises
5. Hangzhou Hope Chemical Co., Ltd
6. Zhengzhou Yibang Industry Flavors & Fragrances
7. Shipra Agrichem Pvt. Ltd.
8. Tianxing Biotechnology Co., Ltd.
9. TCI - Tokyo Chemical Industry
10. Shandong Xinhua Pharmaceutical Company Limited
11. Triveni Global Private Limited India
12. Swarnajyothi Agrotech & Power Ltd
13. BASF
14. Wilmar International
15. Shanxi Zhengang Chemical Co., Ltd. Sebacic acid
The expansion in the application landscape of sebacic acid industry has been extensively driven by the so far progress in its production through the exploitation of the product properties pertaining to specific applications. Speaking of application portfolio, plasticizers is one of the profound spheres where sebacic acid market penetration has been incredible. With a deluge of beneficiary features such as better flexibility, lower melting temperature, hydrophobicity ductility, sebacate based plasticizers are gaining a prominence across myriad end use domains, particularly food industry. Sebacates like DBS (dibutyl sebacate) impart resistance to sulphur staining and migration, which makes it quite popular in food packaging applications. As per estimates, overall sebacic acid market share from plasticizers application is slated to exceed a revenue of USD 200 million by 2024.
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A closer look to the deal – the Sebacic acid market giant is planning to export all its products to emerging countries like India and Japan, where the demand has observed a surge over the recent years. As per reliable sources, as of now, a larger fraction of the castor oil required for the sebacic acid product in the plant, is imported from India, while Sebacic Oman claims expects to convert the unit into a complete inhouse production over the next half a decade. Reportedly, the company has acquired approximately 400,000 square metres of land in Duqm, and looks forward to further development by 2020. The onboard of such a massive project certainly describes the potential opportunities that sebacic acid market is likely to unfold over the coming years.
Major Point From 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 Sebacic acid market estimates & forecast, 2013-2024, (Kilo tons) (USD Million)
4.2.2 Sebacic acid 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 complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/sebacic-acid-market
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Global Market Insights, Inc.
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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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