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Trends of sebacic acid market to cross $480 million by 2024

Trends of sebacic acid market to cross $480 million by 2024

Selbyville, Delaware, United States, November 4 2020 (Wiredrelease) Global Market Insights, Inc –:Sebacic acid finds routine application in the production of compounds, such as diethyl sebacate (DES), dibutyl sebacate (DIS), dimethyl sebacate (DMS), and dioctyl sebacate (DOS). These compounds possess low temperature which make them acceptable to be used as plasticizers. Countries including Japan and China have increased the production of nylon 6-10. This polyamide has extensive usage in household products, such as toothbrush bristles and finishing line. Nylon 6-10 is synthesized by polymerization of hexamethylene diamine with sebacic acid. Growing production of nylon 6-10 will concurrently push the growth of sebacic acid market share.

Sebacic acid has found wide-ranging application in lubricants. The product is utilized as a major feedstock in manufacturing sebacate diesters, which are highly used in greases and complexed lubricants. They act as a base oil in high performance lubricants in industrial hydraulics, aerospace turbines, compressor systems, and automotive. Sebacic acid market forecast report estimates that lubrication application is likely to utilize more than 30 kilotons of sebacic acid by 2024.

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Government regulations in the US pertaining to vehicle light weighting is slated to push the growth of sebacic acid market by 2024. To comply with such regulations, automotive manufacturers are introducing innovative products to reduce carbon emissions. DOS or DMS in complexed greases improve workability and low temperature properties, particularity for application in trucks, automobiles, aircraft, and equipment exposed to arctic conditions.

Dioctyl sebacate and disodium sebacate are two derivatives of sebacic acid, which are used as coolants in automobiles. Sebacic acid has also found application in manufacturing of several polyester resins. U.S. sebacic acid market is likely to witness growth of more than 4% over 2017-2024.

In Europe, France has been focusing on using solvents with less hazardous chemicals to decrease toxic emissions, which will propel sebacic acid industry growth. Sebacic acid is used as masking agent, emollient, hair & skin conditioning in personal care, and cosmetic products. France sebacic acid market share is expected to garner more than $4 million revenue by 2024.

Castor oil, when synthesized yields a number of useful derivatives, the most common among them being sebacic acid. Studies suggest that sebacic acid was the most highly consumed derivative of castor oil in 2015, accounting for over 20% of the global industry revenue. 

The sebacic acid market demonstrates robust application potential across a number of industries, but is most commonly used to create a vast array of plastics integrated with a bio-based component.

Get Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/sebacic-acid-market

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