Pune, India, January 18, 2018/MRFR Press Release/- Market Research Future published a cooked research report on “Global Sebacic Acid Market Research Report - Forecast to 2027” - Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
Du Pont, BASF, Green International, Fulida Industry co Hebei, Hengshui Dongfeng Chemical Co, Hengshui Jinghua Chemical Plant, Mitsu Toatsu Chemicals, Persulphate Ltd, Qingdao Great Chemical, and Unitchem Co Ltd. are some of the prominent players profiled in MRFR Analysis and are at the forefront of the competition in the Global Sebacic Acid Market.
Sebacic Acid Global Market – Overview
Sebacic acid is a dicarboxylic acid and is a derivative of castor oil and generally comes in powder form. Sebacic Acid along with its derivatives such as azelaic acid have found a numerous application in industrial uses such as plasticizers, lubricants, hydraulic fluids, cosmetics, candles, etc. Sebacic Acid is also used in the aircraft lubricant manufacturing in the synthesis of polyamide, alkyd resins and as an intermediate for aromatics, antiseptics and painting materials.
Attributing to the increasing demand in applications such as textiles, cosmetics, households and others; Sebacic Acid is gaining a huge traction over the past few years. Rising demand of textiles worldwide is escorting market growth to the ascended heights.
Acknowledging the kind of traction gained by this market, Market Research Future recently published a study report. According to the report, Sebacic acid market is expected grow enormously by 2027, registering a phenomenal CAGR during the anticipated period (2017 – 2027).
Sebacic acid is a versatile chemical from a renewable resource offering a superior performance across a wide range of applications. It is also used in polyesters where its good flexibility, chemical resistance, stability and solvent resistance make it an excellent dibasic acid. Additionally, Sebacic Acid is a unique, bio-based feedstock for green polymers.
Augmented demand for bio ingredient based cosmetics coupled with rising personal care industry have created potential in the Sebacic Acid market globally. Growing nylon industry globally has also anticipated to bring immense opportunities for this market. Additionally, growing automotive and paint industry has been providing impetus to the market growth of Sebacic Acid over the years and the very trend is expected to be continued during the forecast period.
Conversely, prices & supply volatility of the major feedstock castor oil is estimated to present hurdles to the Sebacic acid market growth. However, Increasing production of Nylon 6-10 and Plastics products especially in Asia pacific region is expected to propel the industry growth worldwide.
Sebacic Acid Global Market - Competitive Analysis
The global Sebacic Acid market is highly fragmented and competitive with the presence of many well established players having regional and global presence. Innovation, mergers & acquisitions, brand reinforcement and collaboration remain the key trends for leading players. These leading players have made high investments in local and emerging countries to enter and enhance their market position and distribution network through capacity expansion, supply agreements and industry chain build.
Industry/ Innovation/ Related News:
September 13, 2017 – Sebacic Oman, the world’s largest plant for sebacic acid in Duqm announced the production commencement by the year end (Dec.2017) paving way for exports in the first quarter of 2018. Sebacic Oman is a joint venture between Omani investors and an Indian entrepreneur. The $62 million-facility in the Special Economic Zone of Duqm (Sezad) has the capacity to produce 30,000 tonnes of Sebacic acid per annum and will export the acid to countries with high demand, such as China, Japan and the United States.
The powdery Sebacic Acid is a monomer used in manufacturing of bio-degradable plastics, food packaging, aerospace polymers and engine oil among other applications and is also used for making high performance engine oil and lubricants, adhesives, engine coolants, bio-degradable packaging, sub-sea pipe/cable coatings, aerospace polymers, anti-corrosion applications and bio-plastics.
Worldwide Sebacic Acid Market - Segmentation
Analysis is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
By Production Method: Comprises - Castor Oil & Adipic Acid.
By Applications : Textiles, Cosmetics, Households and others.
By Regions : North America, Europe, APAC and Rest of the World.
Worldwide Sebacic Acid Market - Regional Analysis
Asia-Pacific is estimated to be the largest market for Sebacic acid followed by Europe and North America respectively. China is one of the top producers of Sebacic acid and exports thousands of metric tons of the product.
In 2015, Europe dominated the global Sebacic acid market in terms of volume and revenue, accounting for substantial market share followed by America and Asia Pacific.
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