Sebacic Acid Market Size, Share & Industry Analysis, By Form (Powder, Flakes, Granules), By Application (Plastics & Polymers, Chemical Synthesis, Lubricant, Cosmetics, Others) Others and Regional Forecast, 2023-2030

Sebacic acid is a white-colored, non-hazardous, powdered, or flaky substance. It is also known as decanedioic acid. Sebacic acid is primarily obtained by splitting castor oil and then fusion with caustic soda. It has a mild odor and is slightly soluble in water. On the other hand, it is highly soluble in ethanol or ethers. Sebacic acid is commonly used in the manufacturing of wax candles. It is also utilized in the manufacture of plastics, polymers, and various intermediates. Furthermore, sebacic acid is used in cosmetics as a pH buffer, besides being utilized to produce a salt derivative for lubricant application.

Sebacic acid is a bio-based, low-cost monomer used for the manufacture of nylon. As the demand for nylon is surging for manufacturing fibers and textiles, the market for sebacic acid is expected to mirror the growth of the nylon market.

Key Market Driver -

Demand for production of Nylon

Key Market Restraint -

Fluctuating cost of the raw material

However, the fluctuating cost of the raw material, castor seeds, which are in high demand for the manufacture of biodiesel, is the primary reason for decelerating the growth of the sebacic acid market.

Market Segmentation:

By form, the market is segmented into powder, flakes, and granules. Based on application, the market is segmented into plastics & polymers, chemical synthesis, lubricant, cosmetics, and others.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The major companies in the global sebacic acid market report includes Inolex Inc., Shandong Siqiang Chemical Group Co., Ltd, Tongliao Xinghe Biotechnology Co., Ltd., Tokyo Chemical Industry Co., Ltd., Zhengzhou Yibang Industry & Commerce Co.,Ltd., Santa Cruz Biotechnology, Inc., Hokoku Corporation, Sebacic India Limited, Silver Fern Chemical Inc., Corvay Specialty Chemicals GmbH, Shipra Agrichem Pvt. Ltd., Banner Chemicals Limited, and Arkema S.A.

Key Insights

• Key Emerging Trends – For Major Countries


• Key Developments: Mergers, Acquisition, Partnership, etc.


• Latest Technological Advancement


• Insights on Regulatory Scenario


• Porters Five Forces Analysis

Regional Analysis:

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The global sebacic acid market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the largest regional market for sebacic acid, in which China accounts for the largest share due to the large scale production of nylon and other polymers in the country. On the other side of the globe, the U.S. is a key country in the North America, with increasing demand for sebacic acid from lubricant and polymer manufacturers in the country. The market in Europe is showing subpar growth as compared to Asia Pacific and North America, but the market in Middle East & Africa is expected to show considerable growth owing to the flourishing cosmetic manufacturing industry in the region. The market in Latin America is expected to show steady growth supported by improving economic conditions and increasing industrialization in the region.

Segmentation

 Sebacic Acid Industry Developments

• In February 2019, Sebacic Oman Refinery in Duqm, Oman, a joint venture of Oman and India - based investors, started production of sebacic acid. Currently, the annual production capacity of the project is 12 KT, which will be doubled after the completion of the first expansion phase.


• In 2017, Hokoku Corporation opened its second commercial center in Tokyo, Japan in order to expand its reach in North Japan.