Global Sebacic Acid Market By Source (Castor Oil, And Adipic Acid), By Application (Personal Care & Cosmetics, Lubricants & Greases, Metalworking Fluids, Plastics, Polymers and Others), By Region, Competition, Forecast & Opportunities, 2025
Global sebacic acid market was valued at around USD250 million in 2019 and is projected to grow at a steady pace during the forecast period. Sebacic acid is manufactured by breaking down castor oil and then fusing it with caustic soda. Growing demand for sebacic acid from automotive industry is one of the key factors for the growth of global sebacic acid market during forecast period. Sebacic acid is used in the form of sebacate esters in automotive industries for manufacturing PVC films as it helps to provide properties such as low-temperature flexibility and crack resistance, which is anticipated to drive the growth of global sebacic acid market over the coming years. In addition to this, several major automotive manufacturing companies are using sebacic acid as a coolant in automobiles which is projected to further spur the global sebacic acid market growth through 2025. However, the availability of various substitutes of sebacic acid like adipic acid, and azelaic acid for various applications is a factor that can act as major impediment to the global sebacic acid market during forecast period.
The global sebacic acid market is segmented based on source, application, region and company. Based on application, the market can be segmented into personal care & cosmetics, lubricants & greases, metalworking fluids, plastics, polymers and others. Among them, the personal care & cosmetics sector dominated the market until 2019 and is projected to maintain its lead over the forecast period as well. This growth is attributable to its use as a pH adjuster, firm filming agent, and fragrance enhancer in numerous products, which is likely to increase its demand in cosmetics industry, thereby boosting the growth of global sebacic acid market over the coming years.
Major players operating in the global sebacic acid market include Wincom, Inc, Sebacic India Ltd, Arkema, Jayant Agro-Organics Ltd, Hokoku Corporation, Tianxing Biotechnology Co., Ltd, Shipra Agrichem Pvt. Ltd, Shandong Siqiang Chemical Group Co., Ltd., Tongliao Xinghe Biotechnology Co., Ltd, Chemtech M&D Ltd and others.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the Study:
To analyse and forecast the market size of global sebacic acid market.
To classify and forecast global Sebacic acid market based on source, application, company and regional distribution.
To identify drivers and challenges for global sebacic acid market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global sebacic acid market.
To conduct pricing analysis for global sebacic acid market.
To identify and analyse the profile of leading players operating in global sebacic acid market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the new products, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of global sebacic acid market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
Sebacic acid manufacturers, suppliers, distributors and other stakeholders
Government bodies such as regulating authorities and policy makers
Organizations, forums and alliances related to sebacic acid
Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global sebacic acid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, By Source:
Market, By Application:
Personal Care & Cosmetics
Lubricants & Greases
Market, By Region:
Middle East & Africa
Company Profiles: Detailed analysis of the major companies present in global sebacic acid market.
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Detailed analysis and profiling of additional market players (up to five).
Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order.
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