Sebacic Acid Market Size, Share & Industry Analysis, By Form (Powder, Flakes, Granules), By Application (Plastics & Polymers, Chemical Synthesis, Lubricant, Cosmetics, Others) Others and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI102376 | Status : Ongoing

KEY INDUSTRY INSIGHTS

The global sebacic acid market is expected to gain impetus from its increasing usage in the manufacturing of polymers, wax candles, plastics, and other intermediates. Sebacic acid is a white-colored, non-hazardous, powdered, or flaky substance. It is also known as decanedioic acid. Sebacic acid is primarily obtained by splitting castor oil and then fusion with caustic soda. It has a mild odor and is slightly soluble in water. On the other hand, it is highly soluble in ethanol or ethers. Sebacic acid is commonly used in the manufacturing of wax candles. It is also utilized in the manufacture of plastics, polymers, and various intermediates. Furthermore, sebacic acid is used in cosmetics as a pH buffer, besides being utilized to produce a salt derivative for lubricant application.

Sebacic acid is a bio-based, low-cost monomer used for the manufacture of nylon. As the demand for nylon is surging for manufacturing fibers and textiles, the market for sebacic acid is expected to mirror the growth of the nylon market.

Key Market Driver -

Demand for production of Nylon

Key Market Restraint -

Fluctuating cost of the raw material

However, the fluctuating cost of the raw material, castor seeds, which are in high demand for the manufacture of biodiesel, is the primary reason for decelerating the growth of the sebacic acid market.

Market Segmentation:

By form, the sebacic acid market is segmented into powder, flakes, and granules. Based on application, the market is segmented into plastics & polymers, chemical synthesis, lubricant, cosmetics, and others.

From a geographical standpoint, the sebacic acid industry is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The major companies in the global sebacic acid market report includes Inolex Inc., Shandong Siqiang Chemical Group Co., Ltd, Tongliao Xinghe Biotechnology Co., Ltd., Tokyo Chemical Industry Co., Ltd., Zhengzhou Yibang Industry & Commerce Co.,Ltd., Santa Cruz Biotechnology, Inc., Hokoku Corporation, Sebacic India Limited, Silver Fern Chemical Inc., Corvay Specialty Chemicals GmbH, Shipra Agrichem Pvt. Ltd., Banner Chemicals Limited, and Arkema S.A.

Key Insights

Key Emerging Trends – For Major Countries

Key Developments: Mergers, Acquisition, Partnership, etc.

Latest Technological Advancement

Insights on Regulatory Scenario

Porters Five Forces Analysis in sebacic acid industry

Regional Analysis:

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The global sebacic acid market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the largest regional market for sebacic acid, in which China accounts for the largest share due to the large scale production of nylon and other polymers in the country. On the other side of the globe, the U.S. is a key country in the North America, with increasing demand for sebacic acid from lubricant and polymer manufacturers in the country. The sebacic acid market in Europe is showing subpar growth as compared to Asia Pacific and North America, but the market in Middle East & Africa is expected to show considerable growth owing to the flourishing cosmetic manufacturing industry in the region. The market in Latin America is expected to show steady growth supported by improving economic conditions and increasing industrialization in the region.

Sebacic Acid Market Segmentation

ATTRIBUTE	DETAILS
By Form	Powder Flakes Granules
By Application	Plastics & Polymers Chemical Synthesis Lubricant Cosmetics Others
By Geography	North America (U.S., and Canada) Europe (UK, Germany, France, Italy, Spain, and Rest of Europe) Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific) Latin America (Brazil, Mexico, and Rest of Latin America) Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Sebacic Acid Industry Developments

In February 2019, Sebacic Oman Refinery in Duqm, Oman, a joint venture of Oman and India - based investors, started production of sebacic acid. Currently, the annual production capacity of the project is 12 KT, which will be doubled after the completion of the first expansion phase.

In 2017, Hokoku Corporation opened its second commercial center in Tokyo, Japan in order to expand its reach in North Japan.

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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