Global sebacic acid market is expected to witness growth over the next seven years on account of its rising demand from various applications including automotive, aerospace, pharmaceuticals, textiles and household. The acid is widely used as a monomer in the manufacturing of plasticizers, lubricants, textiles, cosmetics, hydraulic fluids and candles. In addition, it is used as an intermediate in the manufacturing of antiseptics, painting materials and aromatics. Sebacic acid occurs naturally in the form of powdered crystals or white flakes. Commercially, it is derived from castor oil. It is considered as a non-hazardous substance which is expected to be a potential growth factor for the market.
Over the past few years, there has been increasing demand for household products such as toothbrushes and cleaning brushes on account of rising consumer awareness regarding hygiene particularly in Asia Pacific. Rising demand for synthetic textiles is expected to have a positive impact on the sebacic acid market over the next seven years. Increasing need for PVC coatings that perform under a wide range of temperatures particularly in the automotive and aerospace industries is expected to augment sebacic acid demand over the forecast period. Low manufacturing cost leads to lowering the overall cost of the product, resulting in a higher demand, particularly in the automotive and aerospace industry. This will be another factor which is expected to positively impact market demand over next seven years.
Increasing health and environmental concerns is expected to hamper sebacic acid market growth over the forecast period. Asia Pacific has been the largest sebacic acid market over the past five years owing to its high demand from the textiles, pharmaceuticals, automotive and personal care industries. Low cost of raw materials used in the manufacturing of sebacic acid in the region particularly in developing countries including India and China will have a positive impact on the market over the next seven years. In addition, growing demand for anti-freezing coolants and corrosion inhibitors in various end-use industries will propel sebacic market demand over the forecast period. in the global market over the past few years.
Azeliac acid, adipic acid and corfree are potential substitutes for sebacic acid and is one of the key factors expected to hinder sebacic acid market demand in the next seven years. However, low price for sebacic acid in comparison to its substitutes is expected to augment market demand over the forecast period. At present U.S. is one of the key consumers for sebacic acid and its products owing to the increasing industrialization and changing lifestyles in the region. This substantial increase in the demand is expected to propel the sebacic acid market demand over the next seven years in the region.
Sebacic acid is also used in the manufacturing of numeous polyester resins which are expected to grow in the North America market over the next seven years. Sebacate esters based on sebacic acid are widely used in multiple applications such as in the manufacturing of plastic additives and processing aids. Increasing demand for the resins, adhesives and coatings in Asia Pacific is expected to drive the sebacic acid demand over the forecast period. Increasing production and manufacturing of automobiles in India and China is expected to fuel the sebacic acid market in Africa and Latin America over the forecast period. Growing use of textiles especially nylon in the North America and China will increase demand for sebacic acid over the next seven years. Increasing exploration activities and production of crude oil in the Middle East will drive the sebacic acid market demand as sebacic acid is considered to as a good plasticizer in binding oil components.
Some of the major players present in the sebacic acid market include Zhengzhou Yi Bang Industry Co., Ltd., Hefei TNJ Chemical Industry Co., Ltd., YingkouTanyun Chemical Research Institute Corporation, Cidic Co., Ltd., Trent Trading Corporation, Tomiyama Pure Chemical Industries Ltd., Alpha Chemica, Oxford Lab Chem, Santa Cruz Biotechnology Inc., Combi Blocks Inc., Sebacic India Ltd, Biotor Industries Ltd., Chemland and Samtron Supplies Ltd. Numerous companies have been increasing manufacturing capacities of sebacic acid in various regions to double production volumes and expand their geographic reach. This is expected to agmet demand for sebacic acid over the next seven years.
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