As per this study the Global Sebacic Acid Market was valued USD XX.X MN (by revenue) in 2019 and is anticipated to reach USD XXX MN by 2026 with a CAGR of X.X%. By volume, the market was estimated XX.X KT in 2019 and is expected to reach XX.X KT by 2026 with a CAGR of X.X%.
Sebacic acid is also known as decanedioic acid is a white granular powder in its pure form. It is derived from castor oil. Sebacic acid is commonly used in the manufacturing of candles. It is also used in personal care & cosmetics, plasticizers, lubricants, hydraulic fluids, plastics, and others. Moreover, it is also used as an intermediate for aromatics, antiseptics, and paintings.
The increasing utilization of sebacic acid in personal care & cosmetics, as it is an ingredient in such products, is fueling the market demand. Moreover, its increasing use in automotive industry, as sebacic acid acts as a corrosion inhibitor in lubricants, which are used in automobiles, is further boosting the market growth. However, the availability of substitutes of sebacic acid such as adipic acid, and azelaic acid in various applications, may hinder market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of sebacic acid.
The broad sebacic acid market has been sub-grouped into the source, and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Personal Care & Cosmetics
- Lubricants And Greases
- Metalworking Fluids
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for sebacic acid in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Sebacic Acid Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the sebacic acid market include Arkema A, Casda Biomaterials Co., Ltd, Croda Inc, Evonik Industry Ag, Hokoku Co., Ltd, Inolex, Krishna Solvent Chemical, Sebacic India Limited, Shanxi Zhengang Chemical Co, Ltd, and Tianxing Biotechnology Co, Ltd. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.