Sebacic Acid Market 2019 | Industry Sales, Supply and Consumption Analysis and Forecasts to 2023

Sebacic Acid is a dicarboxylic acid that is a powdered crystal or white flake in its pure form. Market Research Future (MRFR) has published a research report about the Global Sebacic Acid Market that predicts growth for this market during the forecast period between 2017 and 2023.

The major reason for the growth of the Global Sebacic Acid Market is its features of adaptability and hydrophobicity that are improving the application scope of the market growth. Other important factors helping the market growth are rising usage of Polyvinyl chloride (PVC) coatings and the intensifying usage of Sebacic Acid in adhesives, cosmetics, personal care products, plasticizers, solvents, and textiles. Personal care and healthcare products are playing a major role in market growth, compared to other products.

The Global Sebacic Acid Market has been segmented on the basis of Application and Region. The Application-based segmentation segments this market into adhesives, candles, chemical intermediates, greases, hydraulic fluids, lubricants, paints & coatings, personal care & cosmetics, plasticizers, solvents, textiles, and others.

The regional segmentation of the Global Sebacic Acid Market segments the market into regional markets known as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa (MEA). Asia Pacific region is the most important regional market. In this region, the market is growing due to the growing urbanization and industrial development in the developing economies. Other important factors driving the market growth include the adoption rate in the paints & coatings industry, growing applications of Polyvinyl chloride (PVC) coatings, and growing demand for cosmetic & personal products. Regarding investment, the market is growing due to increasing investment in the building & construction sector and the retail sector. In the retail sector, the market is growing due to the easy availability of cosmetics and personal care products. In this region, the key country-specific markets are China, India, and Japan, followed by the remaining countries in the Asia Pacific region.

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North America is the second most important regional market, followed by Europe. Both markets show steady growth during the forecast period. In these two regions, the market is growing due to developed personal care, construction, and automobile industry. Growing applications of a Sebacic Acid such as adhesives, lubricants, paints & coatings, plasticizers, are also hiking the market growth. In North America, the key country-specific markets are Canada, Mexico, and the USA. In Europe, the vital country-specific markets are Germany, Italy, and the UK.

Argentina, Brazil, and Uruguay are the strong economies that have the potential to grow as suitable markets in Latin America. Latin America is a crucial market but compared to North America; it is a smaller market as it lacks in the standard of technological advancement, compared to North America.

In the MEA region, the market is expected to witness limited growth due to the growing oil and gas activities in this region. Demand for Sebacic Acid is expected to grow because this acid is used as plasticizers in the biding of oil. In this region, the significant country-specific markets are Kuwait, North Africa, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE), followed by the remaining countries in the MEA region.

Key Players:

The key players in the Global Sebacic Acid Market include Akrema Group (France), Casda biomaterials Co. Ltd (China), Croda International PLC (UK), EVONIK (Germany), HOKOKU KOGYO Co. Ltd (Japan), Inolex Incorporation (USA), Sebacic India Limited (India), Shanxi Zhengang Chemical Co. Ltd. (China), and Tianxing Biotechnology Co. Ltd. (China).

Latest Industry News:

Covestro, Henkel, and Jowat have jointly developed polyurethane dispersion adhesives (PUD) with a bio-based content of over 50 percent. 29 NOV 2018

With the trade between India and Oman has grown nearly 67% over the last year, the market for many things, including sebacic acid is growing in both countries. 14 AUG 2018

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Sebacic Acid Market 2019 | Global Industry Share, Segments & Key Drivers, 2023

Sebacic Acid, a naturally occurring dicarboxylic acid is generally available in powdered crystal or white flake form. Sebacic acid and its derivatives like azelaic acid and others are derived from the castor oil using the adipic acid method. Versatile Sebacic Acid is non-hazardous and offers various advantageous properties to the product such as adaptability and hydrophobicity which makes it ideal for a wide range of applications.

Sebacic Acid is used in numerous industrial application areas such as manufacturing of plasticizers, lubricants, hydraulic fluids, cosmetics, and candles among others.  Out of these aircraft lubricant manufacturing is a key application area of Sebacic Acid, where it is used in the synthesis of polyamide alkyl resins.  Other key areas of application of Sebacic Acid could be as an intermediate in the manufacturing of paint & coating materials, antiseptics, and aromatics.

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Due to its enhanced temperature resistive abilities, Sebacic Acid has found some new application areas in the production of solvents, adhesives, personal care & cosmetics, and manufacturing of PVC coatings.  Naturally, owing to its widened application areas, Sebacic Acid has garnered a huge market prominence and demand which allows its market to witness extensive growth on the global platform.

Recognizing the ascending heights this market is climbing on pervasively, Market Research Future (MRFR) in its recently published study report asserts that the Global Sebacic Acid Market will witness enormous accruals by 2023, constantly growing at a phenomenal CAGR over the forecast period (2017 to 2023).

Augmenting demand in applications such as personal care & healthcare products, textiles, cosmetics, and automotive among others drive the market growth phenomenally.  Besides some of the burgeoning industries such as paints & coatings, packaging, construction, and pharmaceuticals are fostering the market growth, generating huge demand doe Sebacic Acid.  Rising demand for textiles is escorting market to the ascended heights, worldwide.  Also, the growing nylon industry is supporting the market growth, bringing in immense opportunities.

Global Sebacic Acid Market   - Geographical Analysis

The Asia Pacific region accounts for the leading market for Sebacic Acid followed by North America and Europe markets respectively. The APAC market is growing steadily due to the presence of several key manufacturers and the growing industrialization in the region.  Additionally, the factors such as burgeoning paints & coating industry along with the cosmetic & personal care products industry bolsters the market growth in the region.

Being the largest producer and consumer of the product, the APAC region is estimated to register the highest CAGR during the forecast period. The region will continue with its dominance over the Global Sebacic Acid Market, continuing with the same trends such as the emphasis on process and product development and the growing application industries in the region.

The Sebacic Acid Market in the North American region stands at the second position in terms of size.  Factors substantiating the market growth include the presence of some of the prominent manufacturers in the region equipped with the superior product offering.

Due to the high consumption of Sebacic Acid in some of the well-developed industries such as personal care, construction, and automobile in countries like the US, Canada, and Mexico, the region is estimated to create a substantial revenue pocket in the global market by the end of the forecast period.

The European region is rapidly emerging as one of the promising markets for Sebacic Acid, globally. The market growth is majorly fostered by the increasing application areas of a Sebacic Acid such as plasticizers, adhesives, paints & coatings, and lubricants, especially in the U.K., France, Italy, and Germany.

Global Sebacic Acid Market   - Competitive Analysis

The Sebacic Acid Market appears to be fragmented and highly competitive, characterized by the presence of numerous large and small-scale players.  Manufacturers emphasize new product development initiatives and geographical expansion.  Matured players incorporate strategic initiatives such as acquisition, collaboration, expansion, partnership, and technology launch. These key players ensure greater commercialization of their products through promotion initiatives such as trade exhibitions, and increased collaboration.

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Key Players:

Fervent players leading the Global Sebacic Acid Market include Hokoku Kogyo Co. Ltd (Japan), Casda biomaterials co. ltd (China), EVONIK (Germany),Tianxing Biotechnology Co., Ltd. (China), Croda International Plc. (UK),  Sebacic India Limited (India), Shanxi Zhengang Chemical Co., Ltd. (China), Hengshui Dongfeng Chemical Co. (China), Inolex incorporation (US), Fulida Industry co.(China), Hebei Chengxin Co., Ltd. (China), Hengshui Jinghua Chemical Plant (China), VR Persulfates Pvt. Ltd.(India), Qingdao Great Chemical (China), Mitsu Toatsu Chemicals, Inc.(Japan), Akrema Group (France), and Unitchem Co Ltd. (South Korea).

Industry/ Innovation/ Related News:

October 08, 2018 --- China National Center for Food Safety Risk Assessment (CFSA) requested comments on 15 new types of food-related products, including six new resins such as Polymer of isophthalic acid, terephthalic acid, sebacic acid and butane-1, 4-diol.

August 14, 2018 --- Sebacic Oman, the world’s largest production capacity of sebacic acid announced that the trade between India and Oman has grown nearly 67 percent over the last year, pointing to stronger economic ties and a closer relationship between the two countries.

Indian companies have set up more than 3,000 joint ventures with their Omani counterparts, and given the warm, historical relations between both nations, Indian participation in the economic and social development of Oman is only set to increase, with the Sultanate gearing up for economic expansion and diversification in the future.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact: Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com

Sebacic Acid Market | Revenue, Key Players, Supply-Demand, Investment Feasibility and Forecast 2023

Global Sebacic Acid Market   - Competitive Landscape 

The Global Sebacic Acid Market appears to be fiercely competitive and fragmented with many well-established players having the global presence. Brand reinforcement, mergers & acquisitions, and innovation remain the popular trends for the key players in the market. 

Industry/ Innovation/ Related News: 

April 04, 2018 – Researcher Team at the University of Konstanz (Germany) published their study of a two-step, one-pot process they have developed for the synthesis of benzene from the five-fold unsaturated fatty acid - EPA (eicosapentaenoic acid), a component of microalgae oils.  During the dehydrogenation step under hydrogen pressure, there occurred the formation of their saturated analogues - octanoic acid and sebacic acid. Both are desirable products. 

February 13, 2018 - Sebacic Oman (World’s largest production capacity of Sebacic Acid) announced that plans to build USD 250 mn. Bio-based nylon project (nylon 6-10 and nylon 10-10) as a succeeding integration of its sebacic acid project, soon-to-be-operational in the Duqm free zone, Oman. This is going be the first ever production plant of bio-based nylon in the Middle East and the manufactured nylon will be used in aerospace and engineering polymers. The construction work of the plant is scheduled to start in 2020, and the project is estimated to be completed in 2022. 

Global Sebacic Acid Market   - Segments 

For the convenience of the report and enhanced understanding; MRFR has segmented the analysis into 3 key dynamics: 

By Production Method: Comprising - Castor Oil & Adipic Acid method. 

By Applications: Lubricants, Personal Care & Cosmetics, Greases, Solvents, Plasticizers, Adhesives, Paints & Coatings, Chemical Intermediates, Textiles, Hydraulic Fluids, and Candles among others. 

By Regions: North America, Europe, APAC and Rest of the World. 

Global Sebacic Acid Market – Synopsis 

Sebacic Acid, a dicarboxylic acid generally comes in powdered crystal form or white flake when it’s pure. Derived by the castor oil & adipic acid method Sebacic acid, and its derivatives like azelaic acid & etc. are used in numerous application areas in the industries such as plasticizers, lubricants, hydraulic fluids, cosmetics, & candles among others. Key application areas of Sebacic Acid are aircraft lubricant manufacturing as the synthesis of polyamide alkyd resins and as an intermediate for antiseptics, aromatics, and pant & coating materials.

The versatile Sebacic Acid is non-hazardous, offering various advantages like adaptability and hydrophobicity to the products. That makes it ideal for a wide range of applications. Some of the newly found application areas of Sebacic Acid include solvents, adhesives, personal care & cosmetics, and manufacturing of PVC coatings due to the enhanced temperature resistive abilities.
Attributing to the increasing demand in applications such as personal care and healthcare products textiles, cosmetics, textiles & automotive among others; Sebacic Acid is garnering a huge prominence over the past few years. Burgeoning industries like paints & coatings, automotive, packaging construction, and pharmaceuticals are expected to fuel the market growth further. Rising demand for textiles worldwide is escorting market growth to the ascended heights.

Acknowledging the kind of traction gained by this market, Market Research Future (MRFR) recently published a study report. According to the report, Sebacic Acid Market is expected to grow enormously by 2023, registering a phenomenal CAGR during the anticipated period (2017 – 2023).  Growing nylon industry worldwide is anticipated to bring immense opportunities for this market.
On the other hand, the market is confronted with some of the challenges such as volatility of prices & supply of castor oil as an integral feedstock. Nevertheless, increasing production capacities of castor oil & Sebacic Acid in the Asia Pacific region is expected to propel the industry growth worldwide.

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