Sebacic Acid Market Size By Application (Plasticizers, Lubricants, Solvents, Adhesives, Chemical Intermediates), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026

Published Date: Dec 2019  |  Report ID: GMI294  |  Authors: Kunal Ahuja, Sonal Singh

Report Format: PDF   |   Pages: 170   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Rising industry trends for bio-based products to encourage sebacic acid consumption

Sebacic Acid Market size exceeded USD 385 Million, globally in 2018 and is estimated to grow at over 5.5% CAGR between 2019 and 2026.
 

Sebacic acid market

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Sebacic acid is powdered crystal or white flake which is obtained from castor oil by utilizing sulfuric acid with catalysts including phenol & zinc oxide and sodium hydroxide. Sebacic acid is widely used in various end use industries including lubricants, plasticizers, hydraulic fluids, candles, and cosmetics. Market growth of sebacic acid is backed upon increasing lubricants demand in automotive and industrial sector. Downstream potential of sebacic acid includes dibutyl sebacate, dioctyl sebacate, dimethyl sebacate, diisopropyl sebacate, and disodium sebacate. These are used in several sectors including polymers and cosmetics. Growing cosmetics sector growth owing to increasing personal grooming trends may propel product demand.
 

Global bio-based polymers market size is poised to surpass over USD 9,900 million at the end of 2025. High investment in bio-based manufacturing of several products including fuels, polymers, lubricants, materials, and chemicals will have a positive impact. Sebacic acid is derived from castor oil which is a unique solution for the bio-based polymers and has ecological benefits of reduced environmental hazards and waste generation.
 

According to market forecasts, ongoing product innovations by the market players to provide bio-based products in order to reduce environmental impact are the driving factors. Market growth may be hampered due to availability of multiple substitutes including azelic acid and adipic acid. Companies including Emery Oileochemicals, which is a specialty chemicals manufacturer has launched EDNOL DOZ which is azelic acid-based plasticizer mainly for PVC and synthetic rubber applications.
 

Sebacic Acid Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: USD 388.4 Million
Historical Data for: 2015 to 2018 Forecast Period: 2019 to 2026
Forecast Period 2019 to 2026 CAGR: 5.9% 2026 Value Projection: USD 622.6 Million
Pages: 170 Tables, Charts & Figures: 151
Geographies covered (20): U.S., Canada, Mexico, Germany, U.K., France, Italy, Russia, China, India, Japan, South Korea, Thailand, Indonesia, Malaysia, Australia, Brazil, Saudi Arabia, South Africa, UAE
Segments covered: Application and Region
Companies covered (16): BASF SE, Swarnajyothi Agrotech & Power Ltd., Triveni Chemicals, Shandong Siqiang Chemical Group Co., Ltd., Tongliao Xinghe Biotechnology Co., Ltd., Tokyo Chemical Industry Co., Ltd., Tianxing Biotechnology Co., Ltd., Shipra Agrichem Pvt. Ltd., Zhengzhou Yibang Industry & Commerce Co., Ltd., Hope Chemical Co., Ltd., KGN Enterprises Ltd., Santa Cruz Biotechnology, Inc., Hokoku Corporation, Sebacic India Limited, Hengshui Jinghua Chemical Co., Ltd., and Arkema
Growth Drivers:
  • North America: Growing cosmetic industry promoting sebacic acid demand
  • Europe: Government initiatives & policies stimulating bio-based products demand
  • Asia Pacific: Expanding lubricants market is likely to promote sebacic acid demand
Pitfalls & Challenges:
  • Availability of substitutes

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Rising product usage for manufacturing plasticizer to spur overall market share

Plasticizer Market

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Sebacic acid market is bifurcated on the basis of application as plasticizers, lubricants, solvents, adhesives, and chemical intermediates. Plasticizers including dibutyl sebacate, dioctyl sebacate, diethyl sebacate, and sebacic acid dihydrazide are widely used in alkyd resin, polyvinyl chloride, polyamide molding resins, and polyester resin. The product is used for manufacturing dibutyl sebacate which is a bio-based dibutyl ester of the sebacic acid. It is a specialty plasticizer which provides superior low temperature and excellent compatibility characteristics to various polymers.
 

Global plasticizer market size will reach over USD 18,500 million at the end of 2022. Sebacic acid market growth is attributed to increasing polymers and plastics utilization globally. These sebacate plasticizer provides superior low temperature properties in comparison to the phthalate plasticizers. Market demand will be attributed to shift in focus towards production and consumption of bio-based polymers in order to reduce negative environment impact.
 

Increasing lubricants utilization should spur sebacic acid demand

Lubricants Application Market

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Sebacic acid market growth will be supported by consumer inclination towards bio lubricant over conventional owing to low CO emission and stringent environmental policies. Lubricants application accounted market size over 120 million in 2018.  Sebacic acid is used as additives for low temperature lubricants at high altitudes.  Additionally, investments in automotive industry to develop high-performance fuel-efficient vehicles along with rise in consumer spending will stimulate product utilization.
 

Global lubricant industry growth will witness significant gains and rise over USD 180 billion at the end of 2024. Sebacic acid due to excellent lubricity, low temperature fluidity, high flash points, and higher thermal stability is widely used for manufacturing lubricants for automotive and aerospace sector. The product is also used as raw material to produce sebacate diesters such as DOS and DBS which in turn used in lubricants or complexed greases. Market growth is attributed to growing air travel and automotive industry globally.
 

North America sebacic acid industry growth is supported by increasing cosmetics demand

North America sebacic acid Market

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North America sebacic acid market share is likely to witness growth at over 4% CAGR at the end of 2026. Increasing regional market size should be attributed to rising living standards which has led to increasing expenditure on cosmetics. This is accompanied by presence of various multinational corporations engaged in manufacturing premium beauty products in the U.S. The product is used as a chemical intermediate for manufacturing esters which are utilized as solvent, emollient, masking agent, film forming agents and hair & skin conditioning agent. In addition, sebacate esters derived from sebacic acid is used for manufacturing color cosmetics and skin care. It offers silky and non-oily skin feel along with good pigment dispersant, SPF booster, and also prevents whitening in antiperspirant.
 

Growing market demand in North America is attributed to increasing utilization of skin care products due to growing personal grooming trends. The market growth will observe substantial gains due to growing product utilization for manufacturing color cosmetics and skin care products. Sebacic acid industry demand will be attributed to increasing utilization of beauty products.
 

Partnerships and R&D activities and to remain leading business strategies by market players

Some of the major market players operating in the industry report are Arkema, Hokuku corporation, KGN Enterprises Ltd.Wilmar, and BASF SE. Global sebacic acid is moderately consolidated with key players vying to enhance their market share in untapped regions.
 

Market players are involved in product launches, partnerships, and innovations and in order to diversify their product portfolio and cater to the increasing product demand for manufacturing plasticizers, lubricants, and chemical intermediates. In May 2015, Omani businessman Shaikh Hilal Bin Khalid al Mawali and Shipra Agrichem Pvt. Ltd. signed an agreement for the construction of first sebacic acid plant at Duqm in Middle East. It will produce 30,000-ton-per annum of sebacic acid. This acquisition strengthened its hold in the Middle East & Africa regions.
 

The sebacic acid market research report includes in-depth coverage of the industry trends, with estimates & forecast in terms of volume (Kilo Tons) and revenue (USD Million) from 2015 to 2026, for the following segments:

By Application

  • Plasticizers
  • Lubricants
  • Solvents
  • Adhesives
  • Chemical Intermediates
  • Others
     

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
  • APAC
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Malaysia
    • Thailand
    • Indonesia
  • LATAM     
    • Brazil
  • MEA
    • Saudi Arabia
    • South Africa
    • UAE
       

Frequently Asked Questions (FAQ) :

Sebacic acid is powdered crystal or white flake which is obtained from castor oil by utilizing sulfuric acid with catalysts including phenol & zinc oxide and sodium hydroxide.
On the basis application, major segments of sebacic acid are plasticizers, lubricants, solvents, adhesives and chemical intermediates.
North American industry for sebacic acid will register over 4% CAGR from 2019 to 2026, according to a new report published by Global Market Insights, Inc.

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