Sebacic Acid Market Overview:
Sebacic acid is a concoction derived from castor oil, which is a naturally occurring dicarboxylic acid in the form of powdered crystal or white flake with a wide variety of applications and benefits. It is non-hazardous in nature and is utilized in the manufacturing of bio-polyamides, conferring critical properties such as adaptability, solidness, hydrophobicity, and lower dissolving temperatures. In addition, it is utilized as a polyester, owing to its flexibility, chemical resistance, and strength that supports the dibasic acid nature of sebacic acid. These polyesters are used in various coating applications such as coils, architectural, and high solids paints. The growth of the global sebacic acid market is driven by wide variety of applications as in hydraulic fluids, cosmetics, candles, lubricants, plasticizers, etc. Recent applications of this acid are in solvents and adhesives due to their enhanced temperature resistive abilities.
Sebacic Acid Market Size:
The global Sebacic Acid Market was valued at $640 million in 2016 and is estimated to grow at a CAGR of 6.49% till 2021 to reach $800 million.
Browse More Details of the report and TOC @ https://www.researchcosmos.com/reports/global-sebacic-acid-market-report-2017-industry-analysis-trends-and-market-overview/6774196
Sebacic Acid Market Drivers and Restraints:
Increase in health and environmental concerns related to the sebacic acid is expected to hamper the market growth. Volatility of prices and supply of castor oil as an integral feedstock are also causes of concern. However, the bio-based nature of the acid and its low manufacturing cost tend to propel its uses further. Growing nylon industry, automotive and paint industry are all pushing the market to supply to its demand. Competitive scenario looks strong with firms battling it out at the cost of innovation and application to industries and this garners substantial focus and investment into the global market.
Geographical Overview of Sebacic Acid Market:
North America holds a substantial market and is expected to grow at a CAGR of 4% in the forecasted period. The conscious move towards, less-toxic and hazardous solvents for industrial applications are making the acid a hit among the various markets. Asia Pacific came across as the leader region, owing to its growing healthcare and cosmetic industries. India and China especially are showing tremendous potential in the last couple years. The European region is also showing considerable demand due to its growing plasticizers, adhesives and lubricant industries. UK, France, Italy and Germany are its main consumers.
Avail Sample of the report @ https://www.researchcosmos.com/request/global-sebacic-acid-market-report-2017-industry-analysi/6774196
Key Players of Sebacic Acid Market:
Some of the big players in this market are Du Pont, BASF, Green International, Fulida Industry co Hebei, Hengshui Dongfeng Chemical Co, Hengshui Jinghua Chemical Plant, Mitsu Toatsu Chemicals, Persulphate Ltd, Qingdao Great Chemical, Unitchem Co Ltd, Arkema, Inolex, Croda Inc amongst others.
Inquire More about the report @ https://www.researchcosmos.com/request/global-sebacic-acid-market-report-2017-industry-analysi/6774196
About Research Cosmos:
Client requirement being the initial priority, Research Cosmos offers the highest standard of market research, business intelligence and consulting services to almost every industry of the world. We integrate our portal with the content of publishing giants of the world to offer a humungous range of market reports that can serve the purposes of different customers, including the fortune listed companies. We provide both syndicated and customized reports, covering all the prominent aspects of different industries.
Media ContactCompany Name: Research CosmosContact Person: Kevin StewartEmail: Send EmailPhone: 1-888-709-8757Address:4390 U.S 1, Suite 211 City: PrincetonState: New JerseyCountry: United StatesWebsite: https://www.researchcosmos.com/reports/global-sebacic-acid-market-report-2017-industry-analysis-trends-and-market-overview/6774196
