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Sebacic acid is a naturally occurring dicarboxylic acid which is obtained from castr oil and adipic acid. It is used as an intermediate for antiseptics, aromatics and painting material. It is also used as corrosion inhibitor in metalworking fluids and complexing agents in grease. In combination of amines sebacic acid is very effective water soluble corrosion inhibitor for metal working fluids. Growing production capacities by companies supported by increase in sebacic acid and its derivatives use as a bio based material will have escalate industry growth.
Sebacic acid finds major application in cosmetic industry owing to its usage as firm filming agent, fragrance enhancer and pH adjuster. It is widely used in hair care and skin care application. Easy availability of cosmetic products through e commerce and retail sector supported by increase in demand for bio based ingredients in cosmetic products will act as a key driving factor towards enhancing market size.
Sebacic acid is also used in lubricants as additives for low temperature lubes at high altitude. High demand for fuel efficient and high performance vehicles supported by rise in consumer spending on luxury cars with these essential characters will promote product demand. It used to produce sebacate diesters which are further employed in complex grease and lubricants. Key properties f sebacic acid for lubricants includes high flash point, low temperature fluidity, high lubricity and high thermal stability, thus propelling industry growth.
However, high dependence of sebacic acid production on castor oil as a raw material may act as a restricting factor towards industry growth. Rapid growth in castor oil demand has led to increase in its prices. Moreover castor oil is widely produced in India, China and Japan from where it incurs high cost in transportation and logistics for import and export supported by dependency of castor oil yield on weather conditions will further hinder industry growth.
The report analyses the global sebacic acid market based on source, application and geography
Various source studied are segmented into castor oil, adipic acid
Furthermore, the major application considered in the study is personal care & cosmetics, plasticizers, lubricants, solvents, adhesives. Sebacic acid act as a unique feedstock for bio based polymers. Ecological benefits offered by the bio plastics supported by stringent government norms regarding plastic ban will boost bio plastic demand, thus promoting sebacic acid market growth. Sebacic acid is used in manufacturing green plasticizer polyamide which is also known as nylon having wide application scope in construction, automotive, electronics and consumer goods, thus propelling industry growth.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. Asia Pacific region is a lucrative region for sebacic acid market and may observe robust gains over the forecast timeframe. China is the major producer and exporter of sebacic acid owing to abundant supply of castor oil supported by presence of large number of sebacic acid manufacturers in the country, thus acting as a major contributing factor towards regional industry growth. Growth in end – use industries such as plastics, automotive, electronics and cosmetics industry will further accelerate industry growth.
The key players in the sebacic acid market share Arkema, Hengshui Jinghua Chemical Co., Ltd., Sebacic India Limited, Hokoku Corporation, Santa Cruz Biotechnology, Inc., KGN Enterprises Ltd., Hope Chemical Co., Ltd.,Zhengzhou Yibang Industry & Commerce Co., Ltd., Shipra Agrichem Pvt. Ltd., Tianxing Biotechnology Co., Ltd., Tokyo Chemical Industry Co., Ltd., Tongliao Xinghe Biotechnology Co., Ltd., Shandong Siqiang Chemical Group Co., Ltd., Triveni Chemicals, Swarnajyothi Agrotech & Power Ltd., BASF SE, Jiangsu Zhongzheng Biochemical Co., Ltd., Shanxi Zhengang Chemical Co., Ltd.Wilmar (China) Oleo Co., Ltd. (Wilmar International).
The report analyses the global sebacic acid market based on source, application and geography. Various source studied are segmented into castor oil, adipic acid. Furthermore, the major application considered in the study is personal care & cosmetics, plasticizers, lubricants, solvents, adhesives, chemical intermediates.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world include Latin America and Middle East & Africa.
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