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Sebacic Acid Market Size

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

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Sebacic Acid Market Size

Sebacic Acid Market size exceeded USD 385 Million, globally in 2018 and is estimated to grow at over 5.5% CAGR between 2019 and 2026 owing to increasing lubricants demand in automotive and industrial sector./p>

Sebacic acid is powdered crystal or white flake which is obtained from castor oil by utilizing sulfuric acid with catalysts including phenol & zinc oxide and sodium hydroxide. Sebacic acid is widely used in various end use industries including lubricants, plasticizers, hydraulic fluids, candles, and cosmetics./p>

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Downstream potential of sebacic acid includes dibutyl sebacate, dioctyl sebacate, dimethyl sebacate, diisopropyl sebacate, and disodium sebacate. These are used in several sectors including polymers and cosmetics. Growing cosmetics sector growth owing to increasing personal grooming trends may propel the sebacic acid market share./p>

Global bio-based polymers market size is poised to surpass over USD 9,900 million at the end of 2026. High investment in bio-based manufacturing of several products including fuels, polymers, lubricants, materials, and chemicals will have a positive impact. Sebacic acid is derived from castor oil which is a unique solution for the bio-based polymers and has ecological benefits of reduced environmental hazards and waste generation./p>

According to market forecasts, ongoing product innovations by the market players to provide bio-based products in order to reduce environmental impact are the driving factors. Market growth may be hampered due to availability of multiple substitutes including azelic acid and adipic acid. Companies including Emery Oileochemicals, which is a specialty chemicals manufacturer has launched EDNOL DOZ which is azelic acid-based plasticizer mainly for PVC and synthetic rubber applications./p>

Sebacic Acid Market Report Attributes
Report Attribute	Details
Base Year:	2018
Sebacic Acid Market Size in 2018:	USD 388.4 Million
Forecast Period:	2019 to 2026
Forecast Period 2019 to 2026 CAGR:	5.9%
2026 Value Projection:	USD 622.6 Million
Historical Data for:	2015 to 2018
No. of Pages:	170
Tables, Charts & Figures:	151
Segments covered:	Application and Region
Growth Drivers:	North America: Growing cosmetic industry promoting sebacic acid demand Europe: Government initiatives & policies stimulating bio-based products demand Asia Pacific: Expanding lubricants market is likely to promote sebacic acid demand
Pitfalls & Challenges:	Availability of substitutes

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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.