Sebacic Acid Market Report, By Source (Castor Oil, Adipic Acid), Application (Personal care & cosmetics, Plasticizers, Lubricants, Solvents, Adhesives) and Geography - Global Market Share, Trend Analysis & Forecast

Sebacic acid is naturally occurring dicarboxylic acid which is obtained from castor oil and adipic acid. It is a non-hazardous acid which is extensively used in biopolyamide manufacturing.  It provides hydrophobicity and adaptability in wide range of application.  Growing application scope in pharmaceutical, automotive, packaging, construction and personal care applications will boost market growth.  It also finds use in PVC coating manufacturing with enhanced temperature resistant abilities. 

Sebacic Acid Market Trends

• Growth in beauty consciousness has led to rise in cosmetic product manufacturing will positively industry growth. Rising demand for biobased ingredients in cosmetic product owing increase in consumer consciousness regarding organic cosmetics will propel product demand 
• Application potential in bio-polymers owing to superior operational qualities such as durability and flexibility will stimulate industry growth. Increasing demand for biopolymer due to rising environmental concerns will have positive impact on product demand
• Presence of substitutes such as azelic acid and adipic acid might may act as a restricting factor towards industry growth 

Sebacic Acid Market COVID-19 Impact

COVID 19 has led to shortfall in castor oil supply owing to lower than expected demand from Europe, U.S., China, and Japan which has largely hit sebacic acid production. China and India accounts for major castor oil export and are worst hit countries during pandemic will restrict sebacic acid production, thus affecting overall supply. 

The report provides market estimation & forecast for global Sebacic Acid market considering economic conditions during COVID 19 pandemic. Study impact of COVID 19 on market value with holistic approach considering both supply and demand side of the market. Macro and Micro economic factors analysis pertaining to economic policies, GDP and international trade changed due to COVID 19. After COVID 19 scenarios with coping strategies adopted by the major market players

Sebacic Acid Market Regional Highlights

The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world includes Latin America and Middle East & Africa. 

North America is a lucrative region which has dominated global sebacic acid market. North America led by U.S. has dominated the market and will continue its dominance during foreseeable timeframe. Presence of various multinational corporations which are focusing on development of premium beauty products will favour sebacic acid demand.  The product is used in manufacturing emollient, solvent, film foaming agent, hair & skin conditioning and emollient.

Sebacic Acid Market Segmental Overview

• The report analyses the global sebacic acid market based on source, application and geography
• Various source studied are segmented into castor oil, adipic acid
• Furthermore, the major application considered in the study is personal care & cosmetics, plasticizers, lubricants, solvents, adhesives.  Sebacic acid is used for lubricants manufacturing for aerospace and automotive sector owing to low temperature fluidity, high thermal stability and excellent lubricity will stimulate industry growth. 

Sebacic Acid Market Competitor Analysis

The key players in the sebacic acid market share Arkema, Hengshui Jinghua Chemical Co., Ltd., Sebacic India Limited, Hokoku Corporation, Santa Cruz Biotechnology, Inc., KGN Enterprises Ltd.,   Hope Chemical Co., Ltd.,Zhengzhou Yibang Industry & Commerce Co., Ltd., Shipra Agrichem Pvt. Ltd.,  Tianxing Biotechnology Co., Ltd., Tokyo Chemical Industry Co., Ltd., Tongliao Xinghe Biotechnology Co., Ltd., Shandong Siqiang Chemical Group Co., Ltd., Triveni Chemicals, Swarnajyothi Agrotech & Power Ltd., BASF SE, Jiangsu Zhongzheng Biochemical Co., Ltd., Shanxi Zhengang Chemical Co., Ltd.Wilmar (China) Oleo Co., Ltd. (Wilmar International).