Sebacic Acid Market Report, Analysis, Growth And Industry Outlook, 2016 – 2023
Shift in trend towards manufacturing bio-based polymers using renewable sources is expected to be more beneficial and environmentally friendly than petroleum derived polymers. This trend is likely to favor sebacic acid market growth over the forecast period. It is widely used to manufacture polyamide (nylon), a bio-engineering plastic, used for applications such as electronics, consumer goods, automotive and construction.
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It is derived from castor oil and is used in bio-polyamides production where it imparts properties such as hydrophobicity durability, flexibility, stability, lower melting temperatures and chemical resistance. It is also used in for manufacturing polyesters by offering properties such as solvent & chemical resistance and flexibility.
DBS offers superior low temperature resistance compared to phthalate plasticizers and also imparts migration resistance along with staining. DMS is used in light stabilizers for synthetic resins, rubbers and cellulose resins.
It is also used in lubricant & anti-corrosion applications. Disodium sebacate, a salt derivative, is used as corrosion inhibitor. The main application of this salt is in aircraft and automotives where it is used as coolant (anti-freeze) fluids. Sebacate such as DOS, DBS are used in producing high performance lubricants used in applications such as aerospace turbines, automobiles, compressor systems and industrial hydraulics.
Castor oil is the key raw material for manufacturing this product which is costly relatively to its petroleum counterpart, caprolactam for manufacturing polyamide. It is currently benefiting owing to lower crude oil prices.
Castor oil availability is expected to improve sebacic acid market price trend and help the industry evolve. In May 2015, India has also entered in to an agreement with Oman government to establish state-of-the-art sebacic acid production plant in Duqm Special Economic Zone with an estimated investment of USD 62.7 million.
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Europe in likely to witness steady gains over the forecast period owing growth of cosmetic & personal care industries particularly in Germany, France and UK. Consumers in this region are also likely to purchase products derived from natural ingredients. North America is likely to witness moderate gains over the forecast period.
The global sebacic acid market share is consolidated with major producers concentrated in China. Key companies include Arkema, Hengsui Jingua, Tongliao Xinghe Chemical, Xioyi Siqiang Chemical. Other prominent companies include Sebacic India Ltd, Hokoku Corp, Shipra Agrichem Pvt ltd, Jayant Agro-Organics Ltd and Adani Wilmar Ltd.
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