Selbyville, Delaware MarketStudyReport.com Adds New Report Sebacic Acid Market 2019 – 2026 research report providing information and data By Application, Regional Outlook, Growth Potential, Competitive Market Share & Forecast spreading across 170 Pages with table and figures in it.
In a race to curb carbon emissions footprint, numerous organizations have started to adopt bio-lubricants. Stringent environmental norms have also played a crucial role in broadening the horizon for the sebacic acid market. The product finds use in the automotive, chemical and construction industries due to its exceptional qualities like corrosion inhibition, eco-friendly, and low temperature properties. According to new research report., estimates that sebacic acid market is likely to surpass USD 620 million by 2026.
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Growing customer inclination towards eco-friendly solvents and bio-based polymers is expected to accelerate sebacic acid market growth. The product’s ecological benefits have compelled a large portion of the population to consider sebacic acid over other petroleum-based solvents.
The automotive sector is predicted to endow a sizeable share in the sebacic acid industry. Lately, the sector has been witnessing huge investments that are focused on developing high-performance, fuel-efficient vehicles. Increase in such investments along with a rise in disposable household income could favor product demand in the future.
As per application, the sebacic market is classified into lubricants, plasticizers, adhesives, solvents and chemical intermediates. Out of these, the plasticizers application have managed to attain sizeable market share in recent years and is projected to record high-rise growth in the years to come, effectively outnumbering other application segments.
In terms of the regional landscape, Asia Pacific sebacic acid market is estimated to record substantial gains in the coming years. Rising demand for plasticizers in China owing to extensive construction activities focused on creating different building components like film & sheet coverings, wires & cables and flooring & wall might strengthen sebacic acid industry outlook.
It is estimated that revenue from China’s construction sector is likely to generate over USD 1 trillion by 2022, thereby offering lucrative opportunities to the regional sebacic acid market. Analysts suggest that this growth in the construction sector can mainly be contributed to positive federal initiatives such as the “One Belt One Road” initiative that focuses on linking China with western economies by constructing railways, infrastructures, and roads.
In Europe, the sebacic acid market is anticipated to procure sizable proceeds in the coming years. Factors such as positive regulatory norms could play a vital role in proliferating regional industry share. Reports claim that the ECHA’s (European Chemicals Agency) REACH program has termed sebacic acid as harmless to humans.
Apart from this, growing inclination towards eco-friendly products could massively aid regional product demand. Sebacic acid is basically produced from castor oil. Unstable price trends of castor seeds in recent years may impact the expansion of sebacic acid industry.
According to industry analysis, companies are lately concentrating on comprehensive research & development activities primarily to advance product developments which provide superior hydrophobicity ductility, remarkable flexibility properties, and lower melting temperature.
Prominent players such as Hengshui Jinghua Chemical Co. Ltd., Arkema, Hokoku Corporation, Sebacic India Limited, KGN Enterprises Ltd., Santa Cruz Biotechnology Inc., Zhengzhou Yibang Industry & Commerce Co. Ltd., Hope Chemical Co. Ltd., Triveni Chemicals, Shipra Agrichem Pvt. Ltd., and Tongliao Xinghe Biotechnology Co. Ltd. are trying to expand their market presence worldwide.
Table of content:
Chapter 1 Methodology & Scope
1.2 Market definitions
1.3 Market estimation & forecast parameters
1.4 Data Sources
220.127.116.11 Paid Sources
18.104.22.168 Public Sources
Chapter 2 Executive Summary
2.1 Sebacic acid industry 360 degree synopsis, 2019 – 2026
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Application trends
Chapter 3 Sebacic Acid Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2015 – 2026
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distribution channel analysis
22.214.171.124 Technology providers
3.4 Regulatory landscape
126.96.36.199.1 Sec. 175.105 Adhesives
188.8.131.52.2 Sec. 177.1500 Nylon resins
184.108.40.206.3 Sec. 177.2420 Polyester resins, cross-linked
220.127.116.11.4 Sec. 172.876 Castor oil
18.104.22.168 Chinese Standards for Food Additives – GB2760-2015
3.5 Technology landscape
3.6 Pricing analysis
3.6.1 Price trend
3.6.2 Cost structure analysis
3.7 Raw material trends
3.8 Industry impact forces
3.8.1 Growth drivers
22.214.171.124 Asia Pacific: Expanding lubricants market is likely to promote sebacic acid demand
126.96.36.199 Europe: Government initiatives & policies stimulating bio-based products demand
188.8.131.52 North America: Growing cosmetic industry promoting sebacic acid demand
3.8.2 Industry pitfalls & challenges
184.108.40.206 Availability of substitutes
3.9 Growth potential analysis, 2018
More Details on this Report At: https://www.marketstudyreport.com/reports/sebacic-acid-market
Global Sebacic Acid Market Growth 2019-2024
According to this study, over the next five years the Sebacic Acid market will register a 4.5% CAGR in terms of revenue, the global market size will reach US$ 820.2 million by 2024, from US$ 687.8 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Sebacic Acid business, shared in Chapter 3.
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