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Sebacic Acid Market

Global Sebacic Acid Market Size, Share, Trends, Forecast: By Source: Castor Oil, Adipic Acid; By Application: Plasticisers, Lubricants, Solvents, Adhesives, Chemical Intermediates, Others; By End Use: Automotive, Aerospace, Textile, Packaging, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

Global Sebacic Acid Market Outlook

The global sebacic acid market reached a value of about USD 286.30 million in 2023. The market is further expected to grow at a CAGR of 3% in the forecast period of 2024-2032 to reach a value of approximately USD 373.74 million by 2032.

 

Global Sebacic Acid Market

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Increasing Demand for Plasticisers to Augment the Sebacic Acid Industry Growth

Based on application, the plasticisers segment accounts for a significant share in the sebacic acid industry. This can be attributed to the globally increasing usage of polymers and plastics, which, in turn, is fuelling the growth of the sebacic acid industry. Moreover, in contrast to phthalate plasticisers, these sebacate plasticisers possess improved low-temperature properties. As a result, shifting focus towards the development and use of bio-based polymers in order to minimise negative environmental impact is expected to drive the consumer demand in the forecast period.

 

North America to Provide Enhanced Growth Opportunities to the Sebacic Acid Industry

Region-wise, North America is expected to witness a robust growth over the forecast period. The market growth in North America can be attributed to the rising living standards of consumers, which has resulted in increased cosmetics spending. This is accompanied by the involvement of a variety of multinational companies engaged in the manufacturing of high-end beauty products in the United States. Moreover, sebacic acid is used as a chemical intermediate in the production of esters, which are used as solvents, emollients, masking agents, film forming agents, and conditioning agents, hence, further driving the growth of the regional market.

 

Sebacic Acid: Market Segmentation

Sebacic acid is a powdered crystal or white flake derived from castor oil using sulphuric acid via catalysts like phenol, zinc oxide, and sodium hydroxide. Lubricants, plasticisers, hydraulic fluids, candles, and cosmetics are a few of the industries that use sebacic acid.

 

Global Sebacic Acid Market

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Based on source, the industry can be segmented into:

  • Castor Oil
  • Adipic Acid

By application, the market is divided into:

  • Plasticisers
  • Lubricants
  • Solvents
  • Adhesives
  • Chemical Intermediates
  • Others

The market is divided based on end use into:

  • Automotive
  • Aerospace
  • Textile
  • Packaging
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Sebacic Acid Market

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Increasing Demand for Lubricants to Bolster the Growth of the Sebacic Acid Industry

Sebacic acid is commonly used in the automotive and aerospace industries because of its excellent lubricity, low temperature fluidity, high flash points, and high thermal stability. Moreover, the growing consumer preference for bio-lubricants over traditional lubricants owing to the growing focus on reducing CO2 emissions and strict environmental policies is anticipated to drive the demand growth for sebacic acid. Furthermore, at high altitudes, sebacic acid is used as an ingredient in low temperature lubricants. In addition, growing investments in the automotive industry to produce high-performance fuel-efficient vehicles, coupled with the increased consumer spending, is projected to further propel the product demand. All these factors are driving the growth of the market.

Over the forecast period, the rapidly growing automotive and aerospace industries are expected to further stimulate the growth of the market.

 

Key Industry Players in the Global Sebacic Acid Market

The report gives a detailed analysis of the following key players in the global sebacic acid market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Arkema Group
  • Hokoku Co., Ltd.
  • Shipra Agrichem Pvt Ltd (SAPL)
  • BASF SE
  • Wilmar International Ltd
  • Sebacic India Limited
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Source
  • Application
  • End Use
  • Region
Breakup by Source
  • Castor Oil
  • Adipic Acid
Breakup by Application
  • Plasticisers
  • Lubricants
  • Solvents
  • Adhesives
  • Chemical Intermediates
  • Others
Breakup by End Use
  • Automotive
  • Aerospace
  • Textile
  • Packaging
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Arkema Group
  • Hokoku Co., Ltd.
  • Shipra Agrichem Pvt Ltd (SAPL)
  • BASF SE
  • Wilmar International Ltd
  • Sebacic India Limited
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Sebacic Acid Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Sebacic Acid Historical Market (2018-2023) 
    8.3    Global Sebacic Acid Market Forecast (2024-2032)
    8.4    Global Sebacic Acid Market by Source
        8.4.1    Castor Oil
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Adipic Acid
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Sebacic Acid Market by Application
        8.5.1    Plasticisers
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Lubricants
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Solvents
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Adhesives
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Chemical Intermediates
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Others
    8.6    Global Sebacic Acid Market by End Use
        8.6.1    Automotive
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Aerospace
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Textile
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Packaging
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Others
    8.7    Global Sebacic Acid Market by Region
        8.7.1    North America
        8.7.2    Europe
        8.7.3    Asia Pacific
        8.7.4    Latin America
        8.7.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2018-2023)
        9.5.2    Forecast Trend (2024-2032)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis (HS Code – 291713)

    12.1    Major Exporting Countries
        12.1.1    By Value
        12.1.2    By Volume
    12.2    Major Importing Countries
        12.2.1    By Value
        12.2.2    By Volume
13    Price Analysis
    13.1    North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    13.2    Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
    13.3    Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
    13.4    Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    13.5    Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Arkema Group
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Hokoku Co., Ltd.
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    Shipra Agrichem Pvt Ltd (SAPL)
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    BASF SE
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Wilmar International Ltd
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Sebacic India Limited
            14.2.6.1    Company Overview
            14.2.6.2    Product Portfolio
            14.2.6.3    Demographic Reach and Achievements
            14.2.6.4    Certifications
        14.2.7    Others
15    Key Trends and Developments in the Market


Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirements and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment


List of Key Figures and Tables

1.    Global Sebacic Acid Market: Key Industry Highlights, 2018 and 2032
2.    Global Sebacic Acid Historical Market: Breakup by Source (USD Million), 2018-2023
3.    Global Sebacic Acid Market Forecast: Breakup by Source (USD Million), 2024-2032
4.    Global Sebacic Acid Historical Market: Breakup by Application (USD Million), 2018-2023
5.    Global Sebacic Acid Market Forecast: Breakup by Application (USD Million), 2024-2032
6.    Global Sebacic Acid Historical Market: Breakup by End Use (USD Million), 2018-2023
7.    Global Sebacic Acid Market Forecast: Breakup by End Use (USD Million), 2024-2032
8.    Global Sebacic Acid Historical Market: Breakup by Region (USD Million), 2018-2023
9.    Global Sebacic Acid Market Forecast: Breakup by Region (USD Million), 2024-2032
10.    North America Sebacic Acid Historical Market: Breakup by Country (USD Million), 2018-2023
11.    North America Sebacic Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Europe Sebacic Acid Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Europe Sebacic Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Asia Pacific Sebacic Acid Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Asia Pacific Sebacic Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Latin America Sebacic Acid Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Latin America Sebacic Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Middle East and Africa Sebacic Acid Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Middle East and Africa Sebacic Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Major Importing Countries by Value
21.    Major Exporting Countries by Value
22.    Major Importing Countries by Volume
23.    Major Importing Countries by Volume
24.    North America Historical Price Trends and Forecast (2018-2028)
25.    Europe Historical Price Trends and Forecast (2018-2028)
26.    Asia Pacific Historical Price Trends and Forecast (2018-2028)
27.    Latin America Historical Price Trends and Forecast (2018-2028)
28.    Middle East and Africa Historical Price Trends and Forecast (2018-2028)
29.    Global Sebacic Acid Market Structure

Key Questions Answered in the Report

In 2023, the global sebacic acid market attained a value of nearly USD 286.30 million.

The market is projected to grow at a CAGR of 3% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 373.74 million by 2032.       

The major market drivers are rising population, rising industrialisation, and the increasing usage of polymers and plastics.

The rising use of sebacic acid in the automotive and aerospace sectors and the growing consumer preference for bio-lubricants over traditional lubricants are the key trends supporting the market growth.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major segments based on sources of sebacic acid considered in the market report are castor oil and adipic oil.

The various applications of sebacic acid are plasticisers, lubricants, solvents, adhesives, and chemical intermediates, among others.

The significant end uses of sebacic acid are automotive, aerospace, textile, and packaging, among others.

The major players in the market are Arkema Group, Hokoku Co., Ltd., Shipra Agrichem Pvt Ltd (SAPL), BASF SE, Wilmar International Ltd, and Sebacic India Limited, among others.

Analyst Review

The global sebacic acid market attained a value of USD 286.30 million in 2023, driven by the increasing usage of polymers and plastics. Aided by the growing consumer preference for bio-lubricants over traditional lubricants and increasing usage automotive and aerospace industries, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3%. The market is projected to reach USD 373.74 million by 2032.       

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The major sources include castor oil and adipic acid. Based on its applications, the sebacic acid industry can be segmented into plasiticisers, lubricants, solvents, adhesives, chemical intermediates, among others, with plasticisers accounting for the largest market share. The end-use sectors include automotive, aerospace, textile, and packaging, among others. Major regional markets for sebacic acid are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Arkema Group, Hokoku Co., Ltd., Shipra Agrichem Pvt Ltd (SAPL), BASF SE, Wilmar International Ltd, and Sebacic India Limited, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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