Sebacic Acid Market Size Worth $327.3 Million By 2025 | CAGR: 3.7%

The global sebacic acid market size is projected to reach USD 327.3 million by 2025, according to a new report by Grand View Research, Inc. The global market is projected to register a CAGR of 3.7% during the forecast period. Increasing demand for new and improved cosmetics and rising demand for bio-degradable polymers in automotive, packaging, and other industries is driving market. Sebacic acid is one of the most popular cosmetic ingredients, as it is classified under non-hazardous chemicals and has multiple properties to suit skin care products, such as sun-screens, foundations, and concealers.

Rising demand for cosmetics and increasing awareness about these products, mainly through social media, has led to the growth of the sebacic acid market. Asia Pacific leads the global market owing to increasing population and urbanization along with rapid industrialization. The region is anticipated to maintain its dominance due to affordable infrastructure and cheap labor. Asian countries like China and India are among the leading exporters of the chemical. India, with its favorable climatic conditions, is also one of the largest producers of castor seeds and thus of its derivatives including sebacic acid.

 To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/sebacic-acid-market/request/rs1

Further key findings from the study suggest:

• Global sebacic acid volume is projected to reach nearly 40 kilo tons by 2025, with growth driven by a positive outlook on end-use industries, such as lubricants, cosmetics, and metal working
• In terms of revenue, the cosmetics segment is projected to ascend at a CAGR of 4.1% from 2018 to 2025 due to escalating demand for personal care and hygiene products
• Polymer manufacturing led the application segment in 2017 and accounted for 28.5% of the global revenue
• Some of the prominent companies in the global sebacic acid market include Arkema, Inc.; Hokoku Corp.; Sebacic India Ltd.; and Jayant Agro-Organics Ltd.
• Most of these companies are targeting regional supremacy by entering into collaborations with cosmetic and oil companies.

Grand View Research has segmented the global sebacic acid market on the basis of application and region:

Sebacic Acid Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Polymers
• Cosmetics
• Lubricants
• Others (Metal Working Fluids, Paints & Coatings etc.)

About Grand View Research:

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 compnies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.

Contact:

Grand View Research, Inc.

201 Spear Street 1100,

San Francisco, CA 94105

United States

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com