Report Details:
15 Companies Covered
139 Pages
Pune, India, April 17, 2018 /press release/- Market Research Future Published a Half Cooked Research Report on Global Sebacic Acid Research Report.
Sebacic acid is used in a wide range of applications owing to various advantages such as adaptability and hydrophobicity among others. The rising demand for cosmetic and personal care industries across the globe is substantially contributing to the growth of the Sebacic Acid Market.
The global sebacic acid market has been driven by a range of application in many sectors such as cosmetic & personal care, adhesives and plasticizers among others. Moreover, it is estimated that the cosmetic & personal care application sector is set to witness the highest growth during the forecast period. Sebacic acid is extensively used in the cosmetic and personal care products.
Market Segmentation
The global sebacic acid market is segmented into application and region. On the basis of the application, the global sebacic acid market is segmented into personal care & cosmetics, lubricants, greases, plasticizers, solvents, adhesives, chemical intermediates, paints and coatings, textiles, candles, and hydraulic fluids among others. On the basis of the region, the global market is segregated into, North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa.
Market Scenario
The global sebacic acid market is spanned across five key regions: Asia Pacific, Latin America, Europe, North America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to be the fastest growing region at an exponential CAGR. The presence of the most populated countries of the world has augmented the demand for various sectors such as construction, personal care, among others, which, in turn, is anticipated to fuel the demand for sebacic acid in the region.
European and the North American region is estimated to witness a steady growth owing to burgeoning personal care, and automotive industry. Sebacic acid is extensively used as corrosion inhibitors in lubricant industry and as a coolant in the automobile industry. Moreover, the developed aerospace industry is also expected to boost the market in these regions owing to the use of sebacic acid in the manufacturing of PVC coatings.
Competitive Analysis
Some of the prominent players in the global sebacic acid market are Akrema Group (France), EVONIK (Germany), HOKOKU KOGYO Co. Ltd (Japan), Casda biomaterials co. ltd (China), Sebacic India Limited (India), Tianxing Biotechnology Co., Ltd. (China), Shanxi Zhengang Chemical Co., Ltd. (China), Croda International Plc (U.K), and Inolex incorporation (U.S.) among others.
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