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By 2024, Sebacic Acid Market Size in Asia Pacific To Expand $180 Million

Author : Ronak Bora | Published Date : 2019-08-07 

Asia Pacific, led by China and India, sebacic acid market size, should surpass USD 180 million by 2024. Positive indicator in automotive sales accompanied with flourishing numerous end-use industries including, pharmaceuticals, textile, cosmetics owing to availability of low wage labor and raw materials may boost product demand in this region.

North America sebacic acid market may grow significantly over 4%. Growing use of nylon mainly in U.S. textile industry along with increasing demand in cosmetic formulation including hair & skin conditioning, sunscreens and masks due to low toxicity should drive regional growth. Castor oil derivative manufacturers in this region are engaged in capacity expansion along with entry of new players in this sector may act as another contributing factor towards industry growth.

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The meteoric rise in sebacic acid market demand has been a subject of tremendous attention of late, given the recent announcement of world’s largest sebacic project in Duqm to start production by the end of 2017. Reportedly, the much acclaimed Sebacic Oman’s project is of humougous production capacity of 30000 tons. While the commercial operation of the project is already underway, the export process is claimed to commence from the begging of Q1, 2018.  Allegedly, the Omani and Indian investors have encouraged this fresh of the boat export oriented project with a capital investment of over USD 62 million. Undoubtedly, this is one of the biggest scoops that sebacic acid market space has witnessed over the recent times.

A closer look to the deal – the Sebacic acid market giant is planning to export all its products to emerging countries like India and Japan, where the demand has observed a surge over the recent years. As per reliable sources, as of now, a larger fraction of the castor oil required for the sebacic acid product in the plant, is imported from India, while Sebacic Oman claims expects to convert the unit into a complete inhouse production over the next half a decade. Reportedly, the company has acquired approximately 400,000 square metres of land in Duqm, and looks forward to further development by 2020. The onboard of such a massive project certainly describes the potential opportunities that sebacic acid market is likely to unfold over the coming years.

The expansion in the application landscape of sebacic acid industry has been extensively driven by the so far progress in its production through the exploitation of the product properties pertaining to specific applications. Speaking of application portfolio, plasticizers is one of the profound spheres where sebacic acid market penetration has been incredible. With a deluge of beneficiary features such as better flexibility, lower melting temperature, hydrophobicity ductility, sebacate based plasticizers are gaining a prominence across myriad end use domains, particularly food industry. Sebacates like DBS (dibutyl sebacate) impart resistance to sulphur staining and migration, which makes it quite popular in food packaging applications. As per estimates, overall sebacic acid market share from plasticizers application is slated to exceed a revenue of USD 200 million by 2024.

Global sebacic acid market share is consolidated and competitive. Hokoku Corp, Casda Biomaterials, Hengshui Jinghua and Shandong Siqiang Chemicals are some of the major companies present in this industry.

Glimpse of Table of Content (ToC)

Chapter 3   Sebacic Acid Market Insights

3.1   Sebacic Acid Market segmentation

3.2   Sebacic Acid Market landscape, 2013 - 2024

3.3   Sebacic Acid Market ecosystem analysis

3.3.1   Vendor matrix

3.3.2   Distribution channel analysis

3.3.2.1   Distributors

3.3.2.2   Technology providers

3.4   Regulatory landscape

3.4.1   U.S.

3.4.1.1   FDA

3.4.1.1.1   Sec. 175.105 Adhesives

3.4.1.1.2   Sec. 177.1500 Nylon resins

3.4.1.1.3   Sec. 177.2420 Polyester resins, cross-linked

3.4.1.1.4   Sec. 172.876 Castor oil

3.4.2   Europe

3.4.2.1   REACH

3.4.3   China

3.4.3.1   Chinese Standards for Food Additives - GB2760-2015

3.5   Technology landscape

3.6    Pricing analysis

3.6.1   Price trend

3.6.2   Cost structure analysis

3.7    Raw material trends

3.8    Industry impact forces

3.8.1   Growth drivers

3.8.1.1   Asia Pacific: Expanding lubricants market is likely to promote sebacic acid demand

3.8.1.2   Europe: Government initiatives & policies stimulating bio-based products demand

3.8.1.3   North America: Growing cosmetic industry promoting sebacic acid demand

3.8.2   Industry pitfalls & challenges

3.8.2.1   Availability of substitutes

3.9   Growth potential analysis, 2016

3.9.1   Emerging business model

3.9.1.1   Acquisitions

3.9.1.2   Joint Venture

3.10   Porter’s analysis

3.11   Company market share analysis, 2016

3.11.1   Production capacity

3.11.2   Strategic dashboard

3.12   PESTEL analysis

3.13   Industry SWOT analysis

3.13.1   Strength

3.13.2   Weakness

3.13.3   Opportunities

3.13.4   Threats

3.14   Sebacic acid downstream potential market

3.14.1   Dibutyl Sebacate

3.14.1.1    Dibutyl sebacate market estimates and forecast, 2013 - 2024

3.14.2   Dioctyl Sebacate

3.14.2.1    Dioctyl sebacate market estimates and forecast, 2013 - 2024

3.14.3   Dimethyl Sebacate

3.14.3.1    Dimethyl sebacate market estimates and forecast, 2013 - 2024

3.14.4   Diisopropyl sebacate

3.14.4.1    Diisopropyl sebacate market estimates and forecast, 2013 - 2024

3.14.5   Disodium sebacate

3.14.5.1    Disodium sebacate market estimates and forecast, 2013 - 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/sebacic-acid-market

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org 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. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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