Sebacic Acid Market Size

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./p>

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./p>

To get key market trends

  Download Free Sample

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./p>

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./p>

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./p>