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.
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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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