Global Sebacic Acid Market Size
The 2017-2024 report on global Sebacic Acid market explores the essential factors of Sebacic Acid industry covering current scenario, market demand information, coverage of active companies and segmentation forecasts.
Increasing application outlook in lubricants, plasticizers, adhesives, and solvents should drive sebacic acid market. 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 is set to exceed USD 480 million at the end of 2024; according to a new research report.
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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.
Sebacic acid market 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.
U.S. sebacic acid market 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.
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India sebacic acid market 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.
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.
Table of Contents
Chapter 1 Methodology & Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Definition and forecast parameters
1.2 Data Sources
Chapter 2 Executive Summary
2.1 Sebacic acid industry 360 degree synopsis, 2017 – 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Application trends
Chapter 3 Sebacic Acid Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2024
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distribution channel analysis
3.4 Regulatory landscape
3.5 Technology landscape
3.6 Pricing analysis
3.7 Industry impact forces
3.7.1 Growth drivers
184.108.40.206 Rise in demand for bio-based products
220.127.116.11 Growth in plasticizers industry
18.104.22.168 Increasing lubricant production
3.7.2 Industry pitfalls & challenges
22.214.171.124 Availability of substitutes
3.8 Growth potential analysis
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