Global sebacic acid market size is likely to exceed 130 kilo tons by 2023.

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Sebacic Acid Market Size, Industry Potential
Outlook Report, Application,Price Trend,
Competitive Landscape Forecast, 2016 - 2023
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Global Market Scenario of Sebacic Acid Industry
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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ic-acid-market-
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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.
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-analysis/sebacic-acid-market-
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