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Sebacic Acid Market Share

Report ID: GMI294
Published Date: Dec 2019
Report Format: PDF

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Sebacic Acid Market Share

Some of the major market players operating in the sebacic acid industry report are

Arkema
Hokuku corporation
KGN Enterprises Ltd.Wilmar
BASF SE

Global sebacic acid is moderately consolidated with key players vying to enhance their market share in untapped regions.

Market players are involved in product launches, partnerships, and innovations and in order to diversify their product portfolio and cater to the increasing product demand for manufacturing plasticizers, lubricants, and chemical intermediates. In May 2015, Omani businessman Shaikh Hilal Bin Khalid al Mawali and Shipra Agrichem Pvt. Ltd. signed an agreement for the construction of first sebacic acid plant at Duqm in Middle East. It will produce 30,000-ton-per annum of sebacic acid. This acquisition strengthened its hold in the Middle East & Africa regions.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

North America will observe a CAGR of over 4% through 2026 owing to rising living standards leading to increased expenditure on cosmetics.

Plasticizer segment will record a valuation of over USD 18,500 million by 2026 on account of increasing application of polymers and plastics across the globe.

Lubricant segment will record a valuation of over USD 180 billion by 2026 due to increasing product demand due to excellent lubricity, low temperature fluidity, high flash points and higher thermal stability.

Bio-based polymers segment will register valuation of over USD 9,900 million by 2026 owing to increased investment in bio-based production of fuels, polymers, lubricants, chemicals, etc.

Sebacic acid market size had surpassed USD 385 million in 2018 and will witness a CAGR of over 5.5% through 2026.