Sebacic Acid Market Segment, Research and Forecasts to 2024
Date: 2018-09-03   Author: Ronak Bora  Category: #market

Sebacic Acid Market Segment, Research and Forecasts to 2024

 

Sebacic Acid Market is set to exceed USD 480 million at the end of 2024; according to a new research report by Global Market Insights, Inc. Increasing application outlook in lubricants, plasticizers, adhesives, and solvents should drive sebacic acid market . It is naturally occurring dicarboxylic acid which is found either in powdered or white flakes form. In addition, it is used as an intermediate for antiseptics, painting materials, and aromatics. Supportive government policies owing to non-hazardous properties under REACH regulations is likely to have a positive impact on industry growth.

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The product used in manufacturing of dioctyl sebacate, diethyl sebacate and dibutyl sebacate, which are widely used as plasticizers owing to low temperature properties. Increasing nylon 6-10 production mainly in Japan and China owing to wide usage in household items including finishing line and toothbrush bristles should drive industry growth. Sebacic acid market from lubricant applications is poised to surpass 30 kilo tons by 2024.

It is used as a key feedstock to produce sebacate diesters which are preferably used in complexed lubricants and greases. Diesters are used as base oil for high performance lubricants including aerospace turbines, industrial hydraulics, automotive and compressor systems. Major raw material which includes castor oil is widely used for its manufacturing process with production facilities in China. Volatile castor seed cost is likely to have an impact on demand supply gap and affect sebacic acid market price trend. Increasing environmental concerns along with need for bio-based products to replace synthetic feedstocks should boost product demand.

 

U.S. sebacic acid market should witness significant growth at over 4%. It is used to manufacture various polyester resins which may stimulate industry growth in the region. Growing automotive sales along with stringent government regulations to reduce vehicle weight and curb carbon emission should fuel product demand. India sebacic acid market from lubricants application is likely to witness favorable gains over the forecast timeframe. Growth in automobile production and sales along with rise in per capita disposable income is likely to influence regional product demand.

France sebacic acid market from solvents application should exceed USD 4 million by end of 2024. Shift in trend towards less hazardous solvents to reduce toxicity and emission should drive industry growth. Strong application scope in cosmetic and personal care products as hair & skin conditioning, masking agent and emollient should boost industry growth.



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Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for AlgosOnline and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport.

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