Sebacic Acid Market size is forecast to reach $349.90 million by 2025, after growing at a CAGR of 3.89% during 2020-2025. Market growth of sebacic acid with a wide variety of uses and benefits is backed upon increasing demand for lubricants in automotive, aircraft, and truck engines as a corrosion inhibitor and as a coolant fluid. Sebacic acid is used in the form of sebacate esters to manufacture polyvinyl chloride films as it helps to provide properties such as crack resistance in the automotive industry, which is expected to drive the growth of the sebacic acid industry in the forecast period.
The: “Sebacic Acid Market Report – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Sebacic Acid Industry.
By Source Type: Castor Oil and Adipic Acid
By Application: Personal Care & Cosmetics, Plasticizers, Lubricants & Greases, Hydraulic Fluids, Candles, and Others
By End Use: Automotive, Aerospace, Textile, Packaging, and Others
By Geography: North America, Asia Pacific, Europe, Middle East & Africa, and South America
- APAC dominates the Sebacic Acid Market due to the increasing production of complex grease and lubricants as well as polyvinyl chloride materials.
- Sebacic Acid and its derivatives such as azelaic acid have several industrial applications such as plasticizers, lubricants, hydraulic fluids, cosmetics, candles, and increasing use as an intermediate for aromatics, antiseptics, and painting materials. Owing to which the demand for sebacic acid will propel in the forecast period.
- Increasing the use of Sebacic acid in the manufacturing of biodegradable plastics and nylon-6,10 polymer, which has major applications in textiles, automotive, and packaging industries will anticipate boosting the market in the forecast era.
- Owing to the lockdowns to tackle the Covid-19 outbreak, exports of castor oil from India are suspended, with China facing problems in the production of sebacic acid and hampering the growth of the Sebacic Acid Market in 2020-2021.
By Source Type - Segment Analysis
Castor Oil is extensively used in Sebacic Acid Market for the production of sebacic acid. Due to its excellent anti-inflammatory, antimicrobial, moisturizing, and some other useful properties it is widely used in cosmetics, medicinal, industrial, and pharmaceutical uses. Castor oil and ricinoleic acid are believed to improve skin absorption and are often used to treat various skin disorders, including dermatosis, psoriasis, and acne. Castor oil remains a popular natural remedy for chronic conditions such as constipation and skin ailments and is widely used in natural beauty products.
Application- Segment Analysis
Personal Care & Cosmetics held the largest share in the Sebacic Acid Market in 2019 and is projected to grow at a CAGR of 4.12% during the forecast period 2020-2025. Sebacic Acid is used as a pH corrector in cosmetics formulation. The sebacic acid is also widely used as a synthesis intermediate to produce sebacate esters which are used as an emollient, solvent, plasticizer, masking film-forming, hair, or skin conditioning. Sebacate esters are generally claimed to enable a good penetration, to give the skin a non-oily and silky feel. These esters are also considered to be effective pigment dispersant (DOS), to be good sun protection factor (SPF) booster (DIPS blended), and to avoid antiperspirant whitening (DIPS). The Increasing population coupled with growing awareness about personal health and skincare products are estimated to anticipate the demand for sebacic acid for good quality cosmetics in the forecast period.
End Use - Segment Analysis
Automotive Sector held the largest share in the Sebacic Acid Market in 2019. Sebacic Acid is commonly used as a corrosion inhibitor and as a coolant fluid in automotive and truck engines. Due to the excellent lubricity, low-temperature fluidity, lower flashpoints, and higher thermal stability sebacic acid is used for the manufacture of lubricants for the automotive and aerospace industries. Also, the use of sebacic acid in the form of sebacate esters in automotive industries for producing polyvinyl chloride films as they help to provide properties such as crack resistance is anticipated to boost the growth of the global sebacic acid market over the forecast period.
Geography- Segment Analysis
Asia Pacific held the largest share with 52.3% in Sebacic Acid Market in 2019, due to the increasing use of sebacic acid in the automotive industry. Also, increasing the use of lubricants in the automobile sector to reduce the friction, heat, and wear between mechanical components that are in contact with each other is boosting the market growth. China is Asia's leading user of lubricants due to the rapid growth in the manufacture of heavy commercial vehicles and passenger cars in the automotive industry. According to the International Trade Administration, China is the largest vehicle market in the world, with the Chinese government expecting car production to reach 30 million units by 2020, and 35 million by 2025. According to the China Association of Automobile Manufacturers, in 2018, over 27 million vehicles were sold.
Drivers –Sebacic Acid Market
- Increasing Use in Lubricants and Greases
Sebacic acid is extensively used in lubricants and greases. Adipic acid facilitates the manufacture of plasticizers and lubricants. Oligomeric esters of adipic acid and sebacic acid are the best suitable esters as components of engine oils. The presence of these esters improved the low-temperature properties of oils, both the pour point and low-temperature cranking viscosity was reduced. Moreover, the addition of esters increases the viscosity index of oils and improves their lubricity. Besides, azelaic acid also acts as a thickener in lithium complex greases and an intermediate in polymer or plasticizer production.
- Increasing Use of Sebacic Acid in Plasticizer
Sebacate plasticizers are made of sebacate which is sebacic acid esters. Di Octyl Sebacate is an ester-type plasticizer which is used as a standard in polyvinyl chloride (PVC) compounds requiring flexibility at low temperatures. It is the typical high-quality cold resistance PVC plasticizers with high plasticizing efficiency and low color distortion. The most important features of DOS are low volatility; high plasticizing efficiency; excellent resistance to extraction by water, soaps, and detergents; and excellent flexibility at low temperatures. These basic qualities make DOS substantially better than phthalate and adipate esters. Due to its low molecular weight and low polarity, it is deficient in terms of migration resistance and extraction by hydrocarbon fluids. It should be used in minimal amounts that meet specific low-temperature performance requirements
Challenges –Sebacic Acid Market
- High cost of raw materials
Castor oil and the adipic acid act as a raw material for the production of sebacic acid. India accounts for 85 percent of the global castor seed output. While in 2018-2019, overall, castor production in India forecasted to down by 23.5 percent as per the third advance estimates by the Agriculture Ministry. At present, the export prices of castor meal and castor oil are up by 49 percent and 27 percent on the year, respectively. According to the Solvent Extractors Association of India (SEA), the castor oil price was $1,660 per ton in the year 2019.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Sebacic Acid Market. In2019, the market of Sebacic Acid Market has been consolidated by the top five players accounting for xx% of the share. Major players in the Sebacic Acid Marketare Arkema, Casda Biomaterials Co., Ltd, Croda Inc, Evonik Industry Ag, Hokoku Co., Ltd, Inolex, Krishna Solvent Chemical, Sebacic India Limited, Shanxi Zhengang Chemical Co , Ltd, Tianxing Biotechnology Co, Ltd., among others.
1. Sebacic Acid Market - Market Overview
1.1 Definitions and Scope
2. Sebacic Acid Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Source Type
2.3 Key Trends by Application
2.4 Key Trends by End Use
2.5 Key Trends by Geography
3. Sebacic Acid Market - Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis- Top Companies
3.1.2 Product Benchmarking- Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4 Patent Analysis- Top Companies
3.1.5 Pricing Analysis
4. Sebacic Acid Market - Startup companies Scenario Premium Premium
4.1 Top startup company Analysis by
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Sebacic Acid Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top companies
6. Sebacic Acid Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Market Opportunities
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Sebacic Acid Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Market life cycle
7.4 Suppliers and distributors Analysis
8. Sebacic Acid Market – By Source Type (Market Size -$Million, KT)
8.1 Castor Oil
8.2 Adipic Acid
9. Sebacic Acid Market – By Application (Market Size -$Million, KT)
9.1 Personal Care & Cosmetics
9.1.1 Ph corrector
9.2.4 Alkyd Resins
9.3 Lubricants & Greases
9.4 Hydraulic Fluids
10. Sebacic Acid Market - By End Use (Market Size -$Million / KT)
11. Sebacic Acid Market - By Geography (Market Size -$Million / KT)
11.1 North America
11.2 South America
11.2.5 Rest of South America
11.3.9 Rest of Europe
11.4 Asia Pacific
11.4.5 South Korea
11.4.6 Rest of Asia Pacific
11.5.1 Middle East
126.96.36.199 Saudi Arabia
188.8.131.52 Rest of Middle East
10.1.1.1 South Africa
10.1.1.3 Rest of South Africa
12. Sebacic Acid Market - Entropy
12.1 New Product Launches
12.2 M&A’s, Collaborations, JVs and Partnerships
13. Market Share Analysis (Premium)
13.1 Market Share by Country- Top companies
13.2 Market Share by Region- Top companies
13.3 Market Share by type of Product / Product category- Top companies
13.4 Market Share at global level- Top companies
13.5 Best Practices for companies
14. Sebacic Acid Market - List of Key Companies by Country (Premium)
15. Sebacic Acid Market - Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Company 1
15.3 Company 2
15.4 Company 3
15.5 Company 4
15.6 Company 5
15.7 Company 6
15.8 Company 7
15.9 Company 8
15.10 Company 9
15.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"