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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Sebacic Acid Market Growth by 2017 - 2024 Sebacic Acid Market Size By Application (Plastisizers, Lubricants, Solvents, Adhesives, Chemical Intermediates), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, China, India, Japan, South Korea, Australia, Thailand, Malaysia, Indonesia, Brazil, Saudi Arabia, UAE, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Sebacic Acid Market size is set to exceed USD 480 million at the end of 2024; according to a new research report by Global Market Insights, Inc. Increasing application outlook in lubricants, plasticizers, adhesives, and solvents should drive sebacic acid market size. It is naturally occurring dicarboxylic acid which is found either in powdered or white flakes form. In addition, it is used as an intermediate for antiseptics, painting materials, and aromatics. Supportive government policies owing to non-hazardous properties under REACH regulations is likely to have a positive impact on industry growth. Global Market Scenario of Sebacic Acid
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com U.S. Sebacic Acid Market Size, By Application, 2016 & 2024 (USD Million)
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Sebacic acid market size from lubricant applications is poised to surpass 30 kilo tons by 2024. It is used as a key feedstock to produce sebacate diesters which are preferably used in complexed lubricants and greases. Diesters are used as base oil for high performance lubricants including aerospace turbines, industrial hydraulics, automotive and compressor systems. Major raw material which includes castor oil is widely used for its manufacturing process with production facilities in China. Volatile castor seed cost is likely to have an impact on demand supply gap and affect sebacic acid market price trend. Increasing environmental concerns along with need for bio- based products to replace synthetic feedstocks should boost product demand. Products Insights
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com U.S. sebacic acid market size should witness significant growth at over 4%. It is used to manufacture various polyester resins which may stimulate industry growth in the region. Growing automotive sales along with stringent government regulations to reduce vehicle weight and curb carbon emission should fuel product demand. India sebacic acid market size from lubricants application is likely to witness favorable gains over the forecast timeframe. Growth in automobile production and sales along with rise in per capita disposable income is likely to influence regional product demand. Global sebacic acid market share is competitive and moderately consolidated. Hengshui Jinghua Chemical, Casda Biomaterials, Sebacic India, Hokoku Corp, and Shandong Siqiang Chemical are some industrial participants operating in the industry. Companies are engaged in focusing towards forming strategies and product innovation to gain competitive advantage, thereby promoting industry growth. Regional and Competitive Insights
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Latest Research Report On Sebacic Acid Market@ http://bit.ly/2ycNg2c Request for Sample of this Research Report @ http://bit.ly/2yGR8ct
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Stay In Touch You can visit us at: www.gminsights.comwww.gminsights.com Thank You…
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