Sebacic acid market to grow at over 5.5% CAGR between 2019 and 2026 | By key players BASF SE, Swarnajyothi Agrotech & Power Ltd., Triveni Chemicals, Tongliao Xinghe Biotechnology Co., Ltd
May 11, 2021 (Market Insight Reports) —
North America sebacic acid market may grow significantly over 4%. Growing use of nylon mainly in U.S. textile industry along with increasing demand in cosmetic formulation including hair & skin conditioning, sunscreens and masks due to low toxicity should drive regional growth. Castor oil derivative manufacturers in this region are engaged in capacity expansion along with entry of new players in this sector may act as another contributing factor towards industry growth.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/294
Top Key Players in The Market are:
Shanxi Zhengang Chemical, Wilmar, Swarnajyothi Agrotech & Power Ltd, Shandong Siqiang Chemical, Tokyo Chemical Industry, Shipra Agrichem, Hope Chemical, Arkema, Sebacic India Limited, Santa Cruz Biotechnology, KGN Enterprises Ltd, Zhengzhou Yibang Industry & Commerce Co, Tianxing Biotechnology, Tongliao Xinghe Biotechnology, BASF SE and Triveni Chemicals
Sebacic acid market from lubricants application is anticipated to grow over 4.5% in the end of 2024. It is used to produce chemical derivative sebacate diesters which has wide application scope in grease and complexed lubricants. These lubricants offer high performance, high heat resistance and fuel efficiency.
Essential feedstock for production is castor oil. Fluctuating castor oil seeds costs may challenge industry profitability and impact sebacic acid market price trend. However, increasing popularity of bio based polymers derived from renewable and natural sources such as castor oil over petroleum based polymer may act as major contributing factor towards sebacic acid market growth.
Asia Pacific, led by China and India, sebacic acid market size, should surpass USD 180 million by 2024. Positive indicator in automotive sales accompanied with flourishing numerous end-use industries including, pharmaceuticals, textile, cosmetics owing to availability of low wage labor and raw materials may boost product demand in this region.
Sebacic acid from plasticizers application may witness strong gains at end of forecast timeframe. It is used as major raw material in polyamide manufacturing with addition properties including better ductility, flexibility, and hydrophobicity. Dibuty sebacate is approved in plastic used for pharmaceutical, medical device and food packaging thereby promoting industry growth.
Table Of Content For This Research Report:
Chapter 4 Sebacic Acid Market, By Application
4.1 Sebacic acid application market share, 2016 & 2024
4.2 Plasticizers
4.2.1 Market estimates & forecast, 2013-2024, (Kilo tons) (USD Million)
4.2.2 Market estimates & forecast, by region, 2013-2024, (Kilo tons) (USD Million)
4.3 Lubricants
4.3.1 Market estimates & forecast, 2013-2024, (Kilo tons) (USD Million)
4.3.2 Market estimates & forecast, by region, 2013-2024, (Kilo tons) (USD Million)
4.4 Solvents
4.4.1 Market estimates & forecast, 2013-2024, (Kilo tons) (USD Million)
4.4.2 Market estimates & forecast, by region, 2013-2024, (Kilo tons) (USD Million)
4.5 Adhesives
4.5.1 Market estimates & forecast, 2013-2024, (Kilo tons) (USD Million)
4.5.2 Market estimates & forecast, by region, 2013-2024, (Kilo tons) (USD Million)
4.6 Chemical Intermediates
4.6.1 Market estimates & forecast, 2013-2024, (Kilo tons) (USD Million)
4.6.2 Market estimates & forecast, by region, 2013-2024, (Kilo tons) (USD Million)
4.7 Others
4.7.1 Market estimates & forecast, 2013-2024, (Kilo tons) (USD Million)
4.7.2 Market estimates & forecast, by region, 2013-2024, (Kilo tons) (USD Million)
Browse complete Table of Contents of this research report @ https://www.gminsights.com/toc/detail/sebacic-acid-market
Global sebacic acid market share is consolidated and competitive. Hokoku Corp, Casda Biomaterials, Hengshui Jinghua and Shandong Siqiang Chemicals are some of the major companies present in this industry.
Browse more news:
COMTEX_386351423/2599/2021-05-11T11:17:23
