Sebacic Acid Market Analysis By Industry Size, And Share, Manufacturers, Demand Forecast 2025
Global sebacic acid market was valued at around USD250 million in 2019 and is projected to grow at a steady pace during the forecast period. Sebacic acid is manufactured by breaking down castor oil and then fusing it with caustic soda. Growing need for sebacic acid in various end use industries, primarily in automotive industry, is one of the key factors for the growth of global sebacic acid market during forecast years. Sebacic acid is used in the form of sebacate esters in automotive industries for producing polyvinyl chloride films as it helps to provide properties such as crack resistance, which is anticipated to drive the growth of global sebacic acid market over the coming years. In addition to this, several major automotive manufacturing companies are using sebacic acid as a coolant in automobiles which is projected to further spur the global sebacic acid market growth through 2025. However, the availability of various substitutes of sebacic acid like adipic acid, and azelaic a...