Portland, OR -- (SBWIRE) -- 09/05/2017 -- Sebacic acid derived from castor oil is an exceptional concoction with a wide variety of applications and benefits. It is utilized in the manufacturing bio-polyamides, conferring critical properties such as adaptability, solidness, hydrophobicity, and lower dissolving temperatures. In addition, it is utilized as polyesters, as its flexibility, chemical resistance, and strength supports the dibasic acid nature of sebacic acid. These polyesters are used in various coating applications such as coils, architectural, and high solids paints.

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The growth of the global sebacic acid market is driven by wide variety of applications & bio-based nature of sebacic acid and low manufacturing cost. However, increase in health and environmental concerns is expected to hamper the market growth.

The sebacic acid market is projected to witness substantial growth in widely populated countries in the Asia-Pacific regions, such as India, China, Japan, and South Korea.

The key players in the global sebacic acid market have strategically focused on product launch to gain significant market share. Following are the players analyzed in the report:

- Arkema
- Evonik
- HOKOKU Co., Ltd
- Casda Biomaterials Co., Ltd
- Sebacic India Limited
- Krishna
- Inolex
- Croda Inc.
- Tianxing Biotechnology Co., Ltd.
- Shanxi Zhengang Chemical Co., Ltd.

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Sebacic Acid Market Key Segments:

By Source

- Castor Oil
- Adipic Acid

By Application

- Personal Care & Cosmetics
- Lubricants & Greases
- Metalworking Fluids
- Plastics

By Geography

North America

- U.S.
- Canada
- Mexico

Europe

- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe

Asia-Pacific

- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific

LAMEA

- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA