Global Sebacic Acid Market, By Source (Castor Oil, Adipic Acid) Application (Personal Care & Cosmetics, Lubricants & Greases, Metalworking Fluids), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Sebacic Acid Market
The sebacic acid market will reach at an estimated value of USD 637.17 million and grow at a rate of 6.50% for the forecast period of 2021 to 2028. Rise in the government initiatives and policies stimulating bio-based products acts as a vital factor driving the growth of sebacic acid market.
Sebacic acid is defined as a powdered crystal or white flake that is obtained from castor oil by utilizing sulfuric acid with catalysts including phenol and zinc oxide and sodium hydroxide. It is extensively used in numerous end use industries which includes lubricants, plasticizers, hydraulic fluids, candles, and cosmetics.
Rise in the government initiatives and policies stimulating bio-based products acts as the vital factor escalating the market growth, also extensive usage in several end-use industries, such as lubricants, paints, and adhesives, and polymers, rise in the inclination towards personal care and healthcare products, rise in the population along with growing awareness about personal health and skin care products and rise in the investment in the building and construction sector are the major factors among others driving the sebacic acid market. Moreover, rise in the automobile production and rising research and development activities in the market will further create new opportunities for the sebacic acid market in the forecast period of 2021- 2028.
However, rise in the presence of substitutes such as adipic acid, azelaic acid, among others is the major factors among others acting as restraints, and will further challenge the growth of sebacic acid market in the forecast period mentioned above.
This sebacic acid market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on sebacic acid market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Sebacic Acid Market Scope and Market Size
The sebacic acid market is segmented on the basis of source and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on source, the sebacic acid market is segmented into castor oil and adipic acid.
- The sebacic acid market is also segmented on the basis of application into personal care & cosmetics, lubricants & greases and metalworking fluids.
Sebacic Acid Market Country Level Analysis
The sebacic acid market is analysed and market size, volume information is provided by country, source and application as referenced above.
The countries covered in the sebacic acid market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the sebacic acid market due to increasing expenditure on cosmetics, increasing utilization of skin care products due to growing personal grooming trends, rise in the extensive usage in several end-use industries, such as lubricants, paints, and adhesives, and polymers and rise in the inclination towards personal care and healthcare products in this region.
The country section of the sebacic acid market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Sebacic Acid Market Share Analysis
The sebacic acid market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to sebacic acid market.
The major players covered in the sebacic acid market report are BASF SE, Triveni chemicals, Shandong Siqiang Chemical Group Co. Ltd, Tongliao Xinghe Biotechnology Co., Ltd. Tianxing Biotechnology Co., Ltd, Shipra Agrichem Pvt Ltd, Zhengzhou Yibang Industry & Commerce Co., Ltd, Shanghai Hope-chem Co., Ltd, KGN Enterprises, Santa Cruz Biotechnology, Inc., HOKOKU Co., Ltd, Hengshui Jinghua Chemical Co Ltd, Sebacic India Limited and Arkema among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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