Global sebacic acid market size was estimated over 100 kilo tons in 2014 and is likely to exceed 130 kilo tons by 2023, with an estimated gains of more than 4% from 2015 to 2023.
Polyamide application witnessed the highest sebacic acid market consumption in 2014 and is likely to gain steady rates over the forecast period.
Asia Pacific was the dominant region in 2014 in which China occupied a major chunk of the market. China accounts for close to 40% of the global demand and is also a major net sebacic acid exporter. North America and Europe are likely to witness moderate gains over the forecast period.
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Shift in trend towards manufacturing bio-based polymers using renewable sources is expected to be more beneficial and environmentally friendly than petroleum derived polymers. This trend is likely to favor sebacic acid market growth over the forecast period. It is widely used to manufacture polyamide (nylon), a bio-engineering plastic, used for applications such as electronics, consumer goods, automotive and construction.
It is derived from castor oil and is used in bio-polyamides production where it imparts properties such as hydrophobicity durability, flexibility, stability, lower melting temperatures and chemical resistance. It is also used in for manufacturing polyesters by offering properties such as solvent & chemical resistance and flexibility. These polyesters are used in coating applications such as architectural, high solid paints and coils.
Plasticizers and light stabilizers are important applications of sebacic acid derivatives such as DBS (dibutyl sebecate)and DMS (dimethyl sebacate) respectively. DBS offers superior low temperature resistance compared to phthalate plasticizers and also imparts migration resistance along with staining. DMS is used in light stabilizers for synthetic resins, rubbers and cellulose resins.
Cosmetic application consumes its derivative such as diisopropyl sebacate (DIPS/DIS), diethylhexyl sebacate (DOS), diethyl sebacate (DES) and DBS. These sebacate are used as solvent, emollient, masking, plasticizer, hair or skin conditioning and film forming. These sebacate are recognized as good pigment dispersant, sun protection factor and prevent whitening in antiperspirant.
It is also used in lubricant & anti-corrosion applications. Disodium sebacate, a salt derivative, is used as corrosion inhibitor. The main application of this salt is in aircraft and automotives where it is used as coolant (anti-freeze) fluids. Sebacate such as DOS, DBS are used in producing high performance lubricants used in applications such as aerospace turbines, automobiles, compressor systems and industrial hydraulics.
Sebacic acid market price trend is majorly affected by feedstock prices. Castor oil is the key raw material for manufacturing this product which is costly relatively to its petroleum counterpart, caprolactam for manufacturing polyamide. It is currently benefiting owing to lower crude oil prices. However, caprolactam being derived from a finite source is expected to lose its trend over the long term owing to economic benefits offered from renewable sources.
Sebacic acid based polyamide is costlier but its selection as polyamide feedstock is based much on the performance rather than cost. Polyamide derived from it offers properties such as better physical & chemical properties such as better hydrophobicity and flexibility.
Castor oil availability is expected to improve sebacic acid market price trend and help the industry evolve. In May 2015, India has also entered in to an agreement with Oman government to establish state-of-the-art sebacic acid production plant in Duqm Special Economic Zone with an estimated investment of USD 62.7 million.
Asia Pacific witnessed the highest consumption over the past few years. Major chunk of the product is manufactured in China and is exported worldwide. China is also the dominant consumer of this product along with its byproducts such as 2-octanol owing to presence of large scale industries. This factor also outweighs the economical disadvantage for sourcing its raw materials in China.
Europe in likely to witness steady gains over the forecast period owing growth of cosmetic & personal care industries particularly in Germany, France and UK. Consumers in this region are also likely to purchase products derived from natural ingredients. North America is likely to witness moderate gains over the forecast period.
The global sebacic acid market share is consolidated with major producers concentrated in China. Key companies include Arkema, Hengsui Jingua, Tongliao Xinghe Chemical, Xioyi Siqiang Chemical. Other prominent companies include Sebacic India Ltd, Hokoku Corp, Shipra Agrichem Pvt ltd, Jayant Agro-Organics Ltd and Adani Wilmar Ltd.
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