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

  • Report ID: GMI294
  • Published Date: Dec 2019
  • Report Format: PDF

Sebacic Acid Market Size

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 owing to increasing lubricants demand in automotive and industrial sector.

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.

Sebacic Acid Market Outlook

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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 the sebacic acid market share.

Global bio-based polymers market size is poised to surpass over USD 9,900 million at the end of 2026. 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 Analysis

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.

Sebacic Acid Market from Plasticizers Application

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Global plasticizer market size will reach over USD 18,500 million at the end of 2026 owing 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.

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 the product sales.

Sebacic Acid Market from Lubricant Application

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Global lubricant industry growth will witness significant gains and rise over USD 180 billion at the end of 2026. 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.

North America is likely to witness a growth rate of over 4% through 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.

Sebacic Acid Market by Region

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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 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.

Sebacic Acid Market Share

Some of the major market players operating in the sebacic acid industry report are

  • Arkema
  • Hokuku corporation
  • KGN Enterprises Ltd.Wilmar

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 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:

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By Application

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

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

By Region

  • 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
Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

North America will observe a CAGR of over 4% through 2026 owing to rising living standards leading to increased expenditure on cosmetics.

Plasticizer segment will record a valuation of over USD 18,500 million by 2026 on account of increasing application of polymers and plastics across the globe.

Lubricant segment will record a valuation of over USD 180 billion by 2026 due to increasing product demand due to excellent lubricity, low temperature fluidity, high flash points and higher thermal stability.

Bio-based polymers segment will register valuation of over USD 9,900 million by 2026 owing to increased investment in bio-based production of fuels, polymers, lubricants, chemicals, etc.

Sebacic acid market size had surpassed USD 385 million in 2018 and will witness a CAGR of over 5.5% through 2026.

Sebacic Acid Market Scope

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Premium Report Details

  • Base Year: 2018
  • Companies covered: 16
  • Tables & Figures: 151
  • Countries covered: 20
  • Pages: 170
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