#Ltd. Sebacic Acid Market Revenue

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Bio Plasticizers Market| Growth, Size, Share and Value Analysis Report| 2022-2030

The global bio plasticizers market report provides information on the state of the world's economies, along with a breakdown of the macroeconomic environment and business perspectives. The study provides an overview of trends and challenges facing these businesses. The research includes historical data and projections for the future, providing opportunities for these organizations.

The purpose of this study is to report on and effectively forecast the global bio plasticizers industry, which includes considerations for business cycles, demographics, and microeconomic factors. The global bio plasticizers market research project will also provide a number of opportunities to promote growth in income. As part of that work, this study evaluates the current business circumstances. This study also assesses a variety of financial factors, including production value and growth rate.

The competitive landscape of the bio plasticizers market includes key players such as -

DuPont, Bioamber Inc., DOW Chemical Company, Evonik Industries, Emery Oleochemicals, Lanxess AG, Myriant Corporation, Matrìca S.p.A., PolyOne Corporation, Galata Chemicals, Vertellus Holdings LLC., ROQUETTE OXEA GmbH, Jungbunzlauer Suisse AG, Proviron, Hebei Jingu Plasticizer Co. Ltd., Jiangxi East Huge Dragon Chemical Co., Ltd.

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This report offers a rundown of the biggest players in the bio plasticizers industry. This data will be useful for both established and emerging companies as it gives them a better understanding of how to plan their marketing strategies.

COVID-19 has changed the dynamics of global business by causing production facilities to struggle. The lockdowns have resulted in everything from small businesses to international corporations having trouble meeting demand.

Furthermore, there have been changes in consumer behavior toward spending patterns. These changes are influencing the types of products that are popular. For example, customers may purchase one product rather than a more expensive luxury item. However, as the industry is moving towards recovery from the pandemic, the global bio plasticizers market is projected to grow significantly in terms of revenue in the near future.

For the global study of the bio plasticizers market, different research methodologies were used, including primary and secondary research, a PESTEL and SWOT analysis, and Porter's Five Forces Model. This study was carried out with statistics and figures in order to provide a better understanding of prices, costs, revenues, and numbers.

The report offers a general overview of the bio plasticizers market, everything from sales to substance. It even covers a thorough analysis of supplier chains, retailers, and company execution across regional markets. Additionally, this research analyzes various segments of the global bio plasticizers market. This study will assist prominent players and other emerging players in the industry to evaluate production, marketing, and sales strategies with this data.

The bio plasticizers market is segmented into the following types:

Epoxides

Sebacates

Succinic Acid

Citrates

Glycerol Esters

Others

Flooring & Wall

Film & Sheet Coverings

Wires & Cables

Coated Fabrics

Consumer Goods

Others

The bio plasticizers market is divided into the following categories based on application:

Flooring & Wall

Film & Sheet Coverings

Wires & Cables

Coated Fabrics

Consumer Goods

Others

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This global bio plasticizers market research report contains a number of different aspects of this industry. It talks about future growth opportunities, business plans, and sales. The report focuses on the forecasted market size along with market shares from companies in this field. Furthermore, the report accounts for economic and social factors that may impact the business to a higher degree than others. Some crucial data mentioned in this research report aims to help businesses develop appropriate strategies that can help them grow their business.

This report provides a deep and broad study of market dynamics and its various viewpoints in order to help companies fully execute their business plans and strategies against the ever-changing trends. Understanding the markets is essential for any company seeking to grow, lead and be competitive. The data quoted in this report has been collected through comprehensive and credible means to ensure accuracy.

The study includes forecasts for growing companies in the industry and the global market. The report pays close attention to the following regions: North America, Europe, Asia-Pacific, Latin America, Africa, and the Middle East. It focuses on future revenue prospects and the latest business trends. In other words, it helps businesses understand how they can grow their business through recent technological advancements.

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We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicates as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.

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Rise in Awareness about Personal Health and Skin Care Products Expected to Drive Global Sebacic Acid Market

Sebacic acid is a special derivative of castor oil, which is usually used as an environmentally friendly alternative to polymers & lubricants. It is generally used in the automotive and aerospace industries due to its excellent lubricity, high flash points, low temperature fluidity and high thermal stability. Increasing consumer preference for bio-lubricants over traditional lubricants due to growing focus on reducing the CO2 emissions along with strict environmental policies is projected to drive the demand growth for sebacic acid. Moreover, at high altitudes, sebacic acid is also utilized as an ingredient in the low temperature lubricants. Additionally, growth in consumer spending and increase in investments in the automotive industry to produce the high-performance fuel-efficient vehicles are projected to further propel the product demand.

As per analysis, “Global Sebacic Acid (CAS 111-20-6) Market, 2021-2027” the key companies operating in the global sebacic acid market include Hengshui Jinghua Chemical Co., Ltd, Tongliao Xinghe Biotechnology Co., Ltd., Lanxess AG, Arkema S.A., Mitsui & Co., Ltd. Group, Vertellus Specialties Inc., Hebei Casda Biomaterials Co., Ltd., Rianlon Kaiya (Hebei) New Material Co., Ltd and among others. Leading companies are primarily focused on developing novel technologies to produce the sebacic acid from new sources for instance butadiene and adipic acid.

Based on application, the sebacic acid market is categorized as coatings & adhesives, plasticizers, metalworking, personal care & cosmetics, textile and others. The plasticizers segment is likely to witness higher CAGR owing to increase in usage of polymers & plastics during the forecast period. In addition, these sebacate plasticizers have improved low-temperature properties in contrast to phthalate plasticizers. As a result, the shift in focus to developing and using bio-based polymers to minimize negative environmental impacts is expected to fuel consumer demand over the forecast period.

Growth in population, followed by rise in government initiatives & policies stimulating bio-based product, growth in inclination towards personal care & healthcare products, rise in awareness about personal health & skin care products, increase in investment in the building & construction sector and extensive usage in several end-use industries such as paints, lubricants, adhesives, and polymers are some major factors, which are responsible for growth of the sebacic acid market. Apart from this, presence of substitutes for instance azelaic acid and adipic acid is a major hindering factor for market. Moreover, increase in research & development (R&D) activities and growth in automobile production are leading opportunities for market.

Based on regional analysis, the North-America is a leading region in global sebacic acid market owing to growth in expenditure on cosmetics and rise in usage in end-use industries for instance textiles, and automobiles industries across the region. The Europe and Asia-Pacific regions are expected to witness higher growth rate due to growth in public & private investment in infrastructure development and rise in disposable income over the forecast period. It is predicted that future of the global sebacic acid market will be bright as a result of growth in industrialization & urbanization during the forecast period.

For More Information, refer to below link:-

Global Sebacic Acid (CAS 111-20-6) Market Analysis, 2021-2027

Related Reports

Sebacic Acid (CAS 111-20-6) Market in China: 2021 Edition

Global Succinic Acid (CAS 110-15-6) Market, 2021-2027

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Rise in Awareness about Personal Health and Skin Care Products Expected to Drive Global Sebacic Acid Market

Rise in Awareness about Personal Health and Skin Care Products Expected to Drive Global Sebacic Acid Market

Sebacic acid is a special derivative of castor oil, which is usually used as an environmentally friendly alternative to polymers & lubricants. It is generally used in the automotive and aerospace industries due to its excellent lubricity, high flash points, low temperature fluidity and high thermal stability. Increasing consumer preference for bio-lubricants over traditional lubricants due to…

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Global Sebacic Acid Market Insights and Forecast to 2027

Sebacic Acid market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Sebacic Acid market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.

Segment by Type

Granular/Beads

Powder

Other

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Segment by Application

Nylon

Plasticizer

Lubricant

Others

By Company

Arkema

Sebacic India Limited

Hokoku

OPW Ingredients

Hengshui Jinghua Chemical

Tongliao Xinghe Chemical

Tianxing Biotechnology

Verdezyne

Shipra Agrichem Pvt Ltd

Jiangsu Zhongzheng

Siqiang

Cap chem

Production by Region

North America

Europe

China

Japan

Consumption by Region

North America

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

India

Australia

Taiwan

Indonesia

Thailand

Malaysia

Philippines

Vietnam

Latin America

Mexico

Brazil

Argentina

Middle East & Africa

Turkey

Saudi Arabia

U.A.E

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Table of content

1 Study Coverage 1.1 Sebacic Acid Product Introduction 1.2 Market by Type 1.2.1 Global Sebacic Acid Market Size Growth Rate by Type 1.2.2 Granular/Beads 1.2.3 Powder 1.2.4 Other 1.3 Market by Application 1.3.1 Global Sebacic Acid Market Size Growth Rate by Application 1.3.2 Nylon 1.3.3 Plasticizer 1.3.4 Lubricant 1.3.5 Others 1.4 Study Objectives 1.5 Years Considered

2 Global Sebacic Acid Production 2.1 Global Sebacic Acid Production Capacity (2016-2027) 2.2 Global Sebacic Acid Production by Region: 2016 VS 2021 VS 2027 2.3 Global Sebacic Acid Production by Region 2.3.1 Global Sebacic Acid Historic Production by Region (2016-2021) 2.3.2 Global Sebacic Acid Forecasted Production by Region (2022-2027) 2.4 North America 2.5 Europe 2.6 China 2.7 Japan

3 Global Sebacic Acid Sales in Volume & Value Estimates and Forecasts 3.1 Global Sebacic Acid Sales Estimates and Forecasts 2016-2027 3.2 Global Sebacic Acid Revenue Estimates and Forecasts 2016-2027 3.3 Global Sebacic Acid Revenue by Region: 2016 VS 2021 VS 2027 3.4 Global Top Sebacic Acid Regions by Sales 3.4.1 Global Top Sebacic Acid Regions by Sales (2016-2021) 3.4.2 Global Top Sebacic Acid Regions by Sales (2022-2027) 3.5 Global Top Sebacic Acid Regions by Revenue 3.5.1 Global Top Sebacic Acid Regions by Revenue

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Sebacic Acid Market - (Glass/Carbon, Carbon/Uhmwpe, Glass/Aramid, Carbon/Aramid, Others), Application, End-Use Industry (Automotive & Transportation, Aerospace & Defense, Sports & Recreational, Consumer Goods, Others), And Segment Forecasts, 2017-2023

Du Pont, BASF, Green International, Fulida Industry co Hebei, Hengshui Dongfeng Chemical Co, Hengshui Jinghua Chemical Plant, Mitsu Toatsu Chemicals, Persulphate Ltd, Qingdao Great Chemical, and Unitchem Co Ltd. are some of the prominent players profiled in MRFR Analysis and are at the forefront of the competition in the Global Sebacic Acid Market.

Sebacic Acid Global Market – Overview

Sebacic acid is a dicarboxylic acid and is a derivative of castor oil and generally comes in powder form. Sebacic Acid along with its derivatives such as azelaic acid have found a numerous application in industrial uses such as plasticizers, lubricants, hydraulic fluids, cosmetics, candles, etc. Sebacic Acid is also used in the aircraft lubricant manufacturing in the synthesis of polyamide, alkyd resins and as an intermediate for aromatics, antiseptics and painting materials.

Attributing to the increasing demand in applications such as textiles, cosmetics, households and others; Sebacic Acid is gaining a huge traction over the past few years. Rising demand of textiles worldwide is escorting market growth to the ascended heights.

Acknowledging the kind of traction gained by this market, Market Research Future recently published a study report. According to the report, Sebacic acid market is expected grow enormously by 2027, registering a phenomenal CAGR during the anticipated period (2017 – 2027).  

Sebacic acid is a versatile chemical from a renewable resource offering a superior performance across a wide range of applications. It is also used in polyesters where its good flexibility, chemical resistance, stability and solvent resistance make it an excellent dibasic acid. Additionally, Sebacic Acid is a unique, bio-based feedstock for green polymers.

Augmented demand for bio ingredient based cosmetics coupled with rising personal care industry have created potential in the Sebacic Acid market globally. Growing nylon industry globally has also anticipated to bring immense opportunities for this market. Additionally, growing automotive and paint industry has been providing impetus to the market growth of Sebacic Acid over the years and the very trend is expected to be continued during the forecast period.

Conversely, prices & supply volatility of the major feedstock castor oil is estimated to present hurdles to the Sebacic acid market growth. However, Increasing production of Nylon 6-10 and Plastics products especially in Asia pacific region is expected to propel the industry growth worldwide.

Sebacic Acid Global Market   - Competitive Analysis

The global Sebacic Acid market is highly fragmented and competitive with the presence of many well established players having regional and global presence. Innovation, mergers & acquisitions, brand reinforcement and collaboration remain the key trends for leading players. These leading players have made high investments in local and emerging countries to enter and enhance their market position and distribution network through capacity expansion, supply agreements and industry chain build.

 Industry/ Innovation/ Related News:

September 13, 2017 – Sebacic Oman, the world’s largest plant for sebacic acid in Duqm announced the production commencement by the year end (Dec.2017) paving way for exports in the first quarter of 2018. Sebacic Oman is a joint venture between Omani investors and an Indian entrepreneur. The $62 million-facility in the Special Economic Zone of Duqm (Sezad) has the capacity to produce 30,000 tonnes of Sebacic acid per annum and will export the acid to countries with high demand, such as China, Japan and the United States.

The powdery Sebacic Acid is a monomer used in manufacturing of bio-degradable plastics, food packaging, aerospace polymers and engine oil among other applications and is also used for making high performance engine oil and lubricants, adhesives, engine coolants, bio-degradable packaging, sub-sea pipe/cable coatings, aerospace polymers, anti-corrosion applications and bio-plastics.

Worldwide Sebacic Acid Market   - Segmentation

Analysis is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

By Production Method: Comprises - Castor Oil & Adipic Acid.

By Applications       : Textiles, Cosmetics, Households and others.

By Regions               : North America, Europe, APAC and Rest of the World.

Worldwide Sebacic Acid Market   - Regional Analysis

Asia-Pacific is estimated to be the largest market for Sebacic acid followed by Europe and North America respectively. China is one of the top producers of Sebacic acid and exports thousands of metric tons of the product.

In 2015, Europe dominated the global Sebacic acid market in terms of volume and revenue, accounting for substantial market share followed by America and Asia Pacific.      

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 NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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Sebacic Acid Market Global Size, Segments, Growth and Trends by Forecast to 2023

Top Key Players:

Du Pont, BASF, Green International, Fulida Industry co Hebei, Hengshui Dongfeng Chemical Co, Hengshui Jinghua Chemical Plant, Mitsu Toatsu Chemicals, Persulphate Ltd, Qingdao Great Chemical, and Unitchem Co Ltd. are some of the prominent players profiled in MRFR Analysis and are at the forefront of the competition in the Global Sebacic Acid Market.

Sebacic Acid Global Market - Competitive Analysis:

Global Sebacic Acid Market is highly fragmented and competitive with the presence of many well-established players having regional and global presence. Innovation, mergers & acquisitions, brand reinforcement and collaboration remain the key trends for leading players. These leading players have made high investments in local and emerging countries to enter and enhance their market position and distribution network through capacity expansion, supply agreements and industry chain build.

Sebacic Acid Global Market – Overview:

Sebacic Acid is a dicarboxylic acid and is a derivative of castor oil and generally comes in powder form. Sebacic Acid along with its derivatives such as azelaic acid have found a numerous application in industrial uses such as plasticizers, lubricants, hydraulic fluids, cosmetics, candles, etc. Sebacic Acid is also used in the aircraft lubricant manufacturing in the synthesis of polyamide, alkyd resins and as an intermediate for aromatics, antiseptics and painting materials.

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Attributing to the increasing demand in applications such as textiles, cosmetics, households and others; Sebacic Acid is gaining a huge traction over the past few years. Rising demand of textiles worldwide is escorting market growth to the ascended heights.

Acknowledging the kind of traction gained by this market, Market Research Future recently published a study report. According to the report, Sebacic Acid Market is expected grow enormously by 2027, registering a phenomenal CAGR during the anticipated period (2017 – 2027).

Sebacic Acid is a versatile chemical from a renewable resource offering a superior performance across a wide range of applications. It is also used in polyesters where its good flexibility, chemical resistance, stability and solvent resistance make it an excellent dibasic acid. Additionally, Sebacic Acid is a unique, bio-based feedstock for green polymers.

Augmented demand for bio ingredient-based cosmetics coupled with rising personal care industry have created potential in the Sebacic Acid Market Globally. Growing nylon industry globally has also anticipated to bring immense opportunities for this market. Additionally, growing automotive and paint industry has been providing impetus to the market growth of Sebacic Acid over the years and the very trend is expected to be continued during the forecast period.

Conversely, prices & supply volatility of the major feedstock castor oil is estimated to present hurdles to the Sebacic Acid Market Growth. However, increasing production of Nylon 6-10 and Plastics products especially in Asia pacific region is expected to propel the industry growth worldwide.

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Worldwide Sebacic Acid Market - Segmentation:

Analysis is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding.

By Production Method: Comprises - Castor Oil & Adipic Acid.

By Applications: Textiles, Cosmetics, Households and others.

By Regions: North America, Europe, APAC and Rest of the World.

Worldwide Sebacic Acid Market   - Regional Analysis

Asia-Pacific is estimated to be the largest market for Sebacic Acid followed by Europe and North America respectively. China is one of the top producers of Sebacic acid and exports thousands of metric tons of the product.

In 2015, Europe dominated the Global Sebacic Acid Market in terms of volume and revenue, accounting for substantial market share followed by America and Asia Pacific.

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Global Sebacic Acid Market : Industry Analysis and Forecast (2020-2027) – By Source, Application, and Region.

Global Sebacic Acid Market was valued at US$ XX Mn in 2019 and is expected to reach US$ XX Mn by 2027, at a CAGR of XX % during a forecast period.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Sebacic acid market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focus on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies and regional presence. The report also provide PEST analysis, PORTER’s analysis, SWOT analysis to address question of shareholders to prioritizing the efforts and investment in near future to emerging segment in Sebacic acid market.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

Sebacic acid derived from castor oil exceptional concoction with a good type of applications and edges. It is utilized within the producing bio-polyamides, conferring important properties like ability, solidness, property, and lower dissolving temperatures. Additionally, it is utilized as polyesters, as its flexibility, chemical resistance, and strength supports the acid nature of acid. These polyesters are used in numerous coating applications like coils, field of study, and high solids paints.

Castor oil is the key raw used for its production process. Changing castor seed costs may hinder industry profitability and affect sebacic acid market price development. Shift in trends towards industrial bio-based polymers from environment friendly and renewable sources like castor oil is beneficial compared to petroleum derived polymers. These polymers are used in industrial bio-engineered plastics which finds wide use in automotive, construction, electronics and consumer goods industry fueling industry growth.

The growth of the world sebacic acid market is driven by wide selection of applications & bio-based nature of acid and low producing price. However, increase in health and environmental considerations is predicted to hamper the market growth. Adoption of bio-based lubricants decreases harmful environmental effects thus driving industry growth. Increasing automotive sector for utilizing bio-based and synthetic lubricants along with to improve fuel efficiency is expected to favor product demand.

Based on source, the castor oil segment is anticipated to contribute major revenue share to the global market and is expected to maintain its dominance over the forecast period. Mostly castor oil is found in the industrial application where it is used for the production of paints, soap, cosmetics, varnishes, adhesives, lubricants etc. Additionally it is also used for the production of castor oil derivatives which again are valuable chemicals used for industrial application.

In terms of application, the personal care & cosmetics segment accounts for highest share in terms of revenue in the global market. Increasing population with growing awareness about personal health and skin care products is enhancing the demand for good quality cosmetics. Which, in turn, is boosting the market growth of Sebacic acid. Furthermore, widely used in several end-use industries such as lubricants, paints and adhesives, and polymers is contributing to the product demand.

Geographically, Asia Pacific is a develop market, followed by North America. The demand in the area is high owing to the presence and development of end-use application for the product. Asia Pacific holds a largest share of the market and is likely to show the same trend during the forecast period. The growing urbanization and industrial development in the emerging economies are the major aspects driving the growth of the sebacic acid market. Furthermore, adoption rate in the paints and coatings industry along with the growing demand for cosmetic & personal products is anticipated to have a positive impact on the growth of the market. Moreover, with the increasing investment in the building & construction sector, the demand for adhesives and paints & coatings is growing significantly.

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Scope of Global Sebacic acid Market:

Global Sebacic acid Market, by Source:

• Castor Oil • Adipic Acid Global Sebacic acid Market, by Application:

• Personal care & cosmetics • Lubricants • Textiles • Household care • Paints & coatings • Plasticizers

Global Sebacic acid Market, by Region:

• North America • Europe • Middle East & Africa • Asia Pacific • South America Key Players Operating in Global Sebacic acid Market:

• Akrema Group • EVONIK • HOKOKU KOGYO Co. Ltd • Casda biomaterials co. ltd • Sebacic India Limited • Tianxing Biotechnology Co., Ltd. • Shanxi Zhengang Chemical Co., Ltd. • Croda International Plc • Inolex incorporation

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ESTERS MARKET ANALYSIS(2020-2027)

Esters Market, By Product Type (Monoesters, Diesters, Complex Esters, Methyl Esters), By Application (Automotive Lubricant, Industrial Lubricant, Aviation Lubricants, Marine Lubricants, Food Grade Lubricants), and By Region (North America, Europe, APAC, Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Esters are produced from organic or inorganic acids by dehydration with the alcohol process. It contains a carbonyl group adjacent to the ether linkage. Nitrate esters, acid esters of glycerol, and polyesters are some of the major types of esters. Oils, fats, and triglycerides are some of the types of naturally occurring esters. They are widely used across cosmetics, lubricants, plastics, resins, bio-fuel, explosives, and surfactants.

The global esters market is estimated to account for US$ 763.1 Mn in terms of value and 205.9 Thousand Tons in terms of volume by the end of 2019.

Drivers:

Growing demand for esters from the cosmetic industry is expected to drive the market growth of the esters. Rising demand for emulsifier and stabilizers in the personal care and detergent industry is further expected to augment the market growth of the esters. Thus, growth of the esters market is also attributed to the growth in the cosmetic industry due to rising demand for cosmetics & personal care products around the globe.

Increasing use of esters in the food industry as a food additive is expected to foster the market growth of the esters. They are largely used in baked food products, ice-creams, and processed food. It stabilizes and thicken the food and also enhance the texture of the food products. The growth of the ester market is also attributed to the growth in the demand for processed food products around the globe.

APAC region dominated the global esters market in 2019, accounting for 32% share in terms of volume, followed by Europe and North America, respectively.

Figure 1. Global Esters Market, Revenue Share (%), By Region, 2019

Market Restraints:

Lack of proper standardization for food-grade lubricants is expected to hinder the market growth of the esters. Moreover, the market is also facing restrictions on the amount of ester additives used in the food industry. All these factors are expected to hinder the market growth.

The volatile price of raw materials used in the preparation of chemically synthesized esters that are produced from petroleum product and hence the volatile price of crude oil affects the overall price of the synthetic esters. This factor is expected to hinder the market growth of the esters.

Market Opportunities:

Increasing use of esters across niche applications such as solvency and bio-diesel are expected to offer potential growth opportunities for the players in the market. Bio-diesel derived from fatty acids is considered as an ideal alternative of the conventional crude oil. Moreover, growing demand from specialty and natural esters from various industries is further anticipated to foster the market growth of the esters.

Growing demand for eco-friendly ester from the paints industry is expected to provide potential growth opportunities to the market of the esters. Esters are also gaining huge demand for the packaging industry which is again expected to fuel the demand of the product. Moreover, increasing adoption of environmentally acceptable lubricants (EAL) is further anticipated to accelerate the market growth of the esters over the forecast period.

Figure 2. Global Esters Market – Opportunity Analysis

On the basis of product type, complex esters dominated the global esters market in 2019 with around 31% of market share in terms of revenue, followed by diesters and monoesters, respectively.

Market Trends/Key Takeaways:

Introduction of aviation lubricants for gas turbines that operates up to 300°F is expected to be a major trend in the market of esters. Dioctyl sebacate and dibasic acid esters are two major aviation lubricants that have successfully adopted by aviation industry. Rising use of thick multi-grade lubricants to thin synthetic lubricants is another major trend. This is attributed to the growing demand for durable and fuel-efficient lubricants. All these factors are expected to foster market growth.

Increasing production capacity of the esters by manufacturers in order to meet the global demand is expected to be a major trend. This trend is projected to foster market growth. For instance, in March 2019, M&I Materials has opened a new MIDEL ester transformer fluid manufacturing plant and state-of-the-art laboratory in India. The move creates high quality, local supply chain of the company’s MIDEL ester fluids for utilities and transformer manufacturers across the country.

Global Esters Market - Impact of Coronavirus (Covid-19) Pandemic

Esters are used as lubricants in different industries such as automotive, aviation, marine and food. The Covid-19 pandemic has negatively affected the automotive, aviation and marine. For instance, according to the European Automobile Manufacturers’ Association (ACEA), in the European Union (EU), the total sales of new vehicles in the first two months of 2020 were 7.4% less than the same period in the previous year. The major countries in the EU, which faced a decline in demand in 2020 are Germany, France, Italy, and Spain. This decline in automotive sector due to the spread of Covid-19 is decreasing demand for the automotive lubricants segment.  

Competitive Section:

Company Names

1.    BASF SE

2.    Exxon Mobil Corporation

3.    NYCO SA

4.    Hatco (Chemtura Corp.)

5.    Calumet Specialty Products Partners, L.P

6.    PMC Biogenix, Inc.

7.    Cargill, Inc.

8.    Croda International, Plc.

Few Recent Developments

PMC Biogenix, Inc.

In October 2018, Univar Inc. a chemical and ingredient distributor and provider of value-added services, today that its wholly-owned subsidiary, ChemPoint.com, Inc. has expanded its relationship with PMC Biogenix to include distribution in Mexico.

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[chemicaltrend]

Sebacic acid Market: Drivers, Restraint & Future Growth

Allied Market Research published a new report, titled, ” Sebacic acid Market by Source (Castor Oil and Adipic Acid) and Application (Personal Care & Cosmetics, Lubricants & Greases, and Metalworking Fluids) – Global Opportunity Analysis and Industry Forecast, 2020-2027.” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

The report offers key drivers that propel the growth in the global sebacic acid market. These insights help market players in devising strategies to gain market presence. The research also outlined restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions.

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The research offers a detailed segmentation of the global sebacic acid market. Key segments analyzed in the research include on the basis of source, application, and geography. Extensive analysis of sales, revenue, growth rate, and market share of each on the basis of source, application, and geography for the historic period and the forecast period is offered with the help of tables.

The market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.

The research offers an extensive analysis of key players active in the global sebacic acid industry. Detailed analysis on operating business segments, product portfolio, business performance, and key strategic developments is offered in the research. Leading market players analyzed in the report include Arkema, Evonik, HOKOKU Co., Ltd, Casda Biomaterials Co., Ltd, Sebacic India Limited. These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.

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Key Benefits:

·         The report provides a qualitative and quantitative analysis of the current sebacic acid market trends, forecasts, and market size from 2019 to 2026 to determine new opportunities.

·         Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.

·         Top impacting factors & major investment pockets are highlighted in the research.

·         The major countries in each region are analyzed and their revenue contribution is mentioned.

·         The market player positioning segment provides an understanding of the current position of the market players active in the sebacic acid industry.

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·         Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.

·         Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.

·         Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.

·         Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.

·         Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.

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[market-insider]

Lanolin Market Size Worth $334 Million By 2025 | CAGR: 6.0%

The global lanolin market size is projected to reach USD 334 million by 2025 expanding at a CAGR of 6.0%, according to a new report by Grand View Research, Inc. Rising demand from the personal care and cosmetics market coupled with increasing application in the manufacturing sector is expected to boost the market growth. Lanolin is derived as a natural, waxy secretion from the sebaceous glands of sheep and other mammals that produce wool. It is widely utilized across numerous personal care products, such as cosmetics, baby care, hair & skin care, women’s hygiene, and sanitation products. The product contains cholesterol, lanolin ester, alcohols, and acids that are ideal for application in cosmetics owing to highly moisturizing, lubricating, and emollient properties.

Moreover, increasing demand from the pharmaceuticals and healthcare sectors owing to a rising preference for non-toxic and chemical-free products will drive the market growth further. The support of local governments through funds and tax exemption for the development of lanolin associated ancillary industries is expected to complement the growth in this sector. Asia Pacific led the global market owing to a growing animal husbandry industry. In addition, presence of a large number of personal care manufacturers in this region is expected to play a major role in driving the market.

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Further key findings from the study suggest:

·         Personal care products and pharmaceuticals are the dominant application segments in the global lanolin market

·         PEG-75, which is derived from lanolin is the fastest-growing derivative segment with a CAGR of 6.6% from 2019 to 2025

·         China is the fastest-growing economy in the Asia Pacific regional market and is expected to register a CAGR of 5.7%, in terms of volume, over the forecasted period

·         Major industry participants are Nippon Fine Chemical, Lubrizol Corporation, Jiangsu Winpool Industrial Co. Ltd., Wellman Advanced Materials, NK Ingredients Pte. Ltd., Barentz Group, Lanotec, Lansinoh, and Rolex Lanolin Products Ltd.

·         These companies are focusing on expanding their production capacities to increase or maintain their market share

Grand View Research has segmented the global lanolin market on the basis of application, derivative, and region:

Lanolin Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

·         Personal Care & Cosmetics

·         Baby Care Products

·         Pharmaceuticals

·         Industrial

·         Others

Lanolin Derivative Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

·         Lanolin Alcohol

o    Liquid Absorption Base (LAB)

o    Others (Cosmetic Grade Lanolin Alcohol, Acetylated lanolin alcohol)

·         Cholesterin

o    Feed Grade

o    Cosmetic & Pharmaceutical Grade

·         Isopropyl Lanolate

·         Laneth

·         Lanogene

·         Lanosterols

·         Quaternium 33

·         PEG-75

·         Lanolin Fatty Acid

·         Others

Lanolin Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

·         North America

o    U.S

o    Canada

o    Mexico

·         Europe

o    Germany

o    U.K.

o    France

·         Asia Pacific

o    China

o    India

o    Japan

·         Central & South America

o    Brazil

·         Middle East & Africa

o    South Africa

[kenresearchcompany]

Growing Awareness Driving Demand of Marbofloxacin Market Globally: Ken Research

Buy Now

Marbofloxacin refers to a carboxylic acid derivative which is a third generation fluoroquinolone antibiotic. It has been majorly used in veterinary medicine under the trade names Marbocyl, Forcyl, Marbo vet and Zeniquin. The research report provides market assessment from the year 2021-2027 for anticipating the market size and estimations are provided in terms of revenue. The report covers an in-depth analysis of global market as per the various qualitative and quantitative sections such as SWOT analysis, Pestel Analysis, key trends, growth drivers, pain points and others.

According to the report analysis, ‘Global Marbofloxacin (CAS 115550-35-1) Market, 2021-2027’ states that ChemWerth, Inc., Zhejiang Excel Pharmaceutical Co., Ltd., Zhejiang Guobang Pharmaceutical Co., Ltd., Haimen Wisdom Pharmaceutical Co., Ltd., Ningbo Menovo Pharmaceutical Co., Ltd., and many others are the major players which are currently operating in the market and dominating in terms of accounting the market share at global level. Moreover, these players are competing among each other on various parameters which have also been included in the report. Also, some of the major key parameters which has been covered in the report while creating the company profile of these companies include Mergers & Acquisitions, Agreements, Collaborations and Partnerships, market share, company overview, business strategies, product offered, services offered, and many more.

On the other hand, the research report offers an in-depth coverage about the companies operating in the market which is an added advantage for the clients undertaking the reports as report already covers information such as  generating the high percentage of revenue, obtaining the competitive edge, leading the highest market growth, registering the handsome value of market share, and keep maintaining the competitive edge by spreading the awareness connected to the benefits and applications of such, implementing the policies of profit making and expansion strategies, employing the young and active personnel and establishing the several research and development programs.

In addition to this, the report also covers market segmentation on the basis of various segmentations by Application (Veterinary, and Pets), on the basis of region (North America, Europe, Asia-Pacific, South America and MEA (the Middle East, and Africa). Additionally, the region wise information has been further categorized into country wise as such as North America (U.S., Canada, Mexico, and others), Asia-Pacific (China, Japan, India, Korea, Australia, Indonesia, Taiwan, Thailand, and others), Europe (Germany, UK, France, Italy, Russia, Spain, and others), Middle East & Africa (Turkey, Saudi Arabia, Iran, Egypt, Nigeria, UAE, Israel, South Africa, and others), and South America (Brazil, Argentina, Colombia, Chile, Venezuela, Peru, and others).

Also, in the near future it is anticipated that the global Marbofloxacin market will increase at a single digit CAGR during the period 2021 – 2027. This is largely due to growing awareness among the people who are currently having pets and rise in the number of NGOs who are looking after Pets globally and at country level as well. Moreover, the report will also cover various other sections mainly future trends, market drivers, possibilities and challenges, competition geography, and historical analysis of global industry.

For More Information, refer to below link:-

Global Marbofloxacin (CAS 115550-35-1) Market Growth Rate, 2021-2027

Related Reports

Global Sebacic Acid (CAS 111-20-6) Market, 2021-2027

Global Succinic Acid (CAS 110-15-6) Market, 2021-2027

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[researchnester0]

Global castor oil & derivatives market is expected to grow at noteworthy CAGR over the forecast period to reach of USD 2.0 Billion by the end of 2021.

The global castor oil & derivatives market is segmented into product type such as undecylenic acid, castor wax or hydrogenated castor oil, sebacic acid, dehydrated castor oil and others. Among these segments, sebacic acid segment is expected to witness significant growth over the forecast period. The growth of sebacic acid segment can be attributed to wide scale industrial applications of sebacic acid and use of sebacic acid as an intermediate for aromatics, antiseptics, and painting materials.  

Global castor oil & derivatives market is expected to grow at noteworthy CAGR over the forecast period to reach at notable revenue of USD 2.0 Billion by the end of 2021. The market is expected to expand on the back of a number of factors such as easy availability of castor seeds and growing demand for bio-degradable products. Furthermore, growing demand for castor oil for bio-diesel production is predicted to escalate the growth of global castor oil market in upcoming years. Additionally, India & Brazil are the major producers of castor oil.

The cosmetics and pharmaceutical industry segments by end user are likely to grow at 5.0% during the forecast period. Growing use of castor oil in preparation of soap and hair oil is a key factor which is estimated to spur the growth of these segments in upcoming years. Additionally, incredible health benefits of castor oil are major factors which are increasing the demand for castor oil and its derivatives in pharmaceutical industries.

Health Benefits of Castor Oils

Castor oil offers a number of health benefits such as increased immunity, treat constipation, revive joint pains and prevent moles and cysts. Further, health advantages of castor oil are likely to be the major factors which are driving the growth of global castor oil & derivatives market. Furthermore, growing use of castor oil for skincare is also enhancing the growth of global castor oil & derivatives market.

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Wide Scale Applications of Castor Oil & Derivatives

Castor oil & derivatives are used in various industries including agriculture, electronics & telecommunications, food industry, textile chemicals and pharmaceutical industries.  Some of the major applications of Castor oil are specialty soaps, surface coating, cosmetics & personal care products, perfumes and others.

Although, increasing prices of raw materials such as castor seeds along with availability of low price alternative renewable chemicals are some of the factors that are likely to inhibit the growth of the castor oil & derivatives market in the near future.

The report titled “Castor Oil & Derivatives Market Global market Analysis & Opportunity Outlook 2021” delivers detailed overview of the global castor oil & derivatives market in terms of market segmentation by product type, by end-users and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

This report also provides the existing competitive scenario of some of the key players of the global castor oil & derivatives market which includes company profiling of ITOH Oil Chemicals Co. Ltd., Taj Agro Products, NK Proteins, Adani Group, Bom Brazil, Tongliao TongHua Castor Chemical Co. Ltd., RPK Agrotech, Arvalli Castor Derivatives Pvt Ltd. and Jayant Agro-Organics Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global castor oil & derivatives market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

About Research Nester

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties. Read for More Details @https://www.researchnester.com/reports/castor-oil-derivatives-market-global-market-analysis-opportunity-outlook-2021/128

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[jayu123-me]

Sebacic Acid Market Analysis,Trends,Forecast, 2018-2026

Global Sebacic Acid Market: Overview

Sebacic acid occurs naturally dicarboxylic acid in a pure state in the white flakes or powered state. The acid is non-hazardous, however, it is prone or can lead to flash ignition. The sebacic acid has application in the manufacturing plasticizers, hydraulic fluids, lubricants, cosmetics, and candles. It also has application as intermediate in aromatics, painting, and antiseptics.

The sebacic acid market report signifies the market current scenario along with predicts the future growth. The report also reflects opportunities in the global sebacic acid market for growth. It also includes the competitive landscape of the sebacic acid market. The sebacic acid market report includes information on key players including company history, annual turnover, contribution in global revenue, new product launches SWOT analysis, and mergers and acquisitions (M&A) activities.

Global Sebacic Acid Market: Drivers and Restraints

Sebacic acid is a derivative of castor oil that is used as an eco-friendly alternative for polymers and lubricants. Rising demand for the biodegradable polymers for its eco-friendly nature is boosting adoption of sebacic acid. Also, growing support and encouragement from the numerous government is supporting the demand for sebacic acid. These factors are boosting the growth of the global sebacic acid market.

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Growing usage of sebacic acid in the cosmetic industry coupled with the growing adoption of the personal health and skin care products is amplifying demand in the coming years. Additionally, growing disposable income along with growing awareness among people about health and personal aesthetics is boosting the adoption of the skin and home care products. The aforementioned factor is boosting the growth of the global sebacic acid market and likely to support growth over the forecast period.

Widening applications of sebacic acid in numerous end-use industries including paints and adhesives, lubricants, and polymers are contributing toward the growth of the market. Moreover, growing people living the urban lifestyle especially in developing countries such as India and China is assisting to boost demand for cosmetic products.

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Global Sebacic Acid Market: Geographical Analysis

On the basis of region, the sebacic acid market could be segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Of these regions, Asia Pacific is dominating the global sebacic acid market and is expected to expand with faster CAGR over the forecast period. This growth is credited to growing industrialization and urbanization coupled with growing public and private investment in infrastructure development in India and China.

Global Sebacic Acid Market: Companies Mentioned

Some of the key players operating in the sebacic acid market are Sebacic India Ltd., Wincom, Inc., Arkema, Hokoku Corporation, Jayant Agro-Organics Ltd., Tianxing Biotechnology Co., Ltd., Shandong Siqiang Chemical Group Co., Ltd., and Shipra Agrichem Pvt. Ltd. These companies are gaining benefit from the availability of the raw material for manufacturing the sebacic acid mainly in the developing countries in the Asia Pacific such as India and China.

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https://www.prnewswire.com/news-releases/global-chloromethane-market-to-garner-cagr-of-4-to-reach-us-3-billion-valuation-during-2019—2027-transparency-market-research-301003570.html

[kraftresearch2019]

Sebacic Acid Market is Projected to Expand at a Steady CAGR Over The Forecast Period 2024

This report provides a comprehensive 360-degree perspective on the demand for Sebacic Acid Market, putting out perspectives that can help investors recognize both opportunities and challenges. It monitors the global market for Sebacic Acid through key markets, offering in-depth analysis and detailed statistical insights. The study also includes incisive competitive analysis of the landscape and provides Sebacic Acid market players with key recommendations on winning imperatives and successful strategies.

In this study, the growth aspects that will drive the information of the forecast Sebacic Acid are elaborated. This report presents comprehensive information on regional statistics on Sebacic Acid in the industry, development trends, SWOT analysis.

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Major Players included in this report are as follows –

Arkema, Sebacic India Limited, Hokoku, OPW Ingredients, Hengshui Jinghua Chemical, Tongliao Xinghe Chemical, Tianxing Biotechnology, Verdezyne, Shipra Agrichem Pvt Ltd, Jiangsu Zhongzheng, Siqiang, Cap chem

Differentiation of the market based on types of product:

Granular / Beads

Powder

Sebacic Acid from Castor Oil

Sebacic Acid from Adipic Acid

Others

Differentiation of the market based on types of its application:

Nylon

Plasticizer

Lubricant

Others

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Sebacic Acid Major Geographical First Level Segmentation:

North America (U.S., Canada, Mexico) Europe (Germany, U.K., France, Italy, Russia, Spain, etc.) Asia-Pacific (China, India, Japan, Southeast Asia, etc.) South America (Brazil, Argentina, etc.) Middle East & Africa (South Africa, Saudi Arabia, etc.)

The report provides detailed and up-to-date statistical analysis on the global Sebacic Acid market. The report presents a variety of factors such as import-export details, sales, regional presence, manufacturer analysis, latest trends, and competitive structure. Crucial information is defined, such as the chain structure of Sebacic Acid, upstream and downstream customers, market volume and sales revenue.

Key Highlights of This Report:

Provide strategic profiles of Sebacic Acid key market players, evaluate their core competencies comprehensively, and create a competitive market landscape.

To evaluate the market for Sebacic Acid on the basis of various factors-price analysis, supply chain analysis.

To provide comprehensive market structure analysis along with forecasts of the various segments and sub-segments of the global market for Sebacic Acid.

To track and evaluate competitive trends in the global market for Sebacic Acid such as joint ventures, strategic alliances, new product launches, and research and development.

To provide Sebacic Acid market analysis at the country level regarding the current size of the market and future prospects.

To analyze competitive developments in the Sebacic Acid market such as expansions, agreements, new product launches and acquisitions.

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[thetejasamale]

Epichlorohydrin Market to Reap Excessive Revenues by 2023

Market Research Future Published a Research Study on Epichlorohydrin Market Research Report, Size, Share and Industry Analysis - Forecast to 2023

Epichlorohydrin Market- Analysis

The Global Epichlorohydrin Market is predicted to grow at a 5% CAGR over the forecast period (2016-2023), states the latest Market Research Future (MRFR) report. Epichlorohydrin is a colorless, bitter smelling toxic epoxide volatile liquid. It is manufactured using water, chlorine, and allyl chloride by passing this through different separation columns and reactors. It has an odor similar to chloroform, is highly reactive and used to produce elastomers, epoxy resins and glues, plastics, and glycerol.

Epichlorohydrin when comes in contact with water hydrolyzes to 3-MCPD, which is a carcinogen present in food. The value chain varies from petro or bio-based products all the way up to end-use applications, including pharmaceuticals, water treatment chemicals, synthetic glycerin, and epoxy resins. It is used in different manufacturing applications owing to their high resistance to chemicals and moisture and the structural rigidity it offers with regards to supporting weight as well as balancing the entire structure devoid of making any compromise on the low weight needs of contemporary design principles.

Various factors are propelling the epichlorohydrin market growth. Some of these factors, according to the Market Research Future report, include growing demand for epoxy resins from different end-use industries including renewable energy equipment, automotive, and building and construction, and an increasing number of epoxy resin producers.

On the contrary, new technologically advanced techniques such as Epicerol method is substituting the traditional production process of epichlorohydrin that helps in eliminating the environmental restraints deterring the epichlorohydrin market growth over the forecast period. Moreover, regulatory restrictions on the usage of epichlorohydrin in proximity to human presence may also hamper the market growth. It is slight irritant when gets into contact with the skin and is also moderately toxic. Besides, it is carcinogenic. All these factors are likely to hamper the epichlorohydrin market growth over the forecast period.

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Key Players

Leading players profiled in the epichlorohydrin market report include Zachem S.A., Dow Chemical Company, Aditya Birla Chemicals, Formosa Plastics Corporation, NAMA Chemicals, Shandong Haili Chemical Industry Co. Ltd., Osaka Soda Co. Ltd., Sumitomo Chemical Co., Samsung Fine Chemicals Co. Ltd., and Solvay SA. Key players are adopting several strategies to create a niche in the market such as partnerships, product launches and innovations, research and development, expansions, and more.

August 2019: An epoxy resin containing phosphorus has been derived lately from sebacic acid, a renewable resource that has been specially formulated for applications that are flame-retardant.

Market Segmentation

The MRFR report offers a wide segmental analysis of the epichlorohydrin market on the basis of end use and application.

Based on application, the epichlorohydrin market is segmented into water treatment chemicals, synthetic glycerin, epoxy resins, and others. The others include adhesives, lubricants, oil emulsifiers, dyestuffs, plasticizers, ion exchange resins, water treatment resins, and elastomers. Of these, the epoxy resin segment will have the largest share in the market over the forecast period.

Based on end use, the epichlorohydrin market is segmented into construction, pharmaceutical, textiles, electronics, automotive, and others.

Browse Key Industry insights spread across 140 pages with 35 market data tables & 11 figures & charts from the Report, “Epichlorohydrin Market Information-by Application (Epoxy Resins, Synthetic Glycerin, Water Treatment Chemicals, and Others), by End User (Automotive, Electronics, Textiles, Pharmaceutical, Construction Industry, and Others) and by Region - Forecast till 2023  ” in detail along with the table of contents@ https://www.marketresearchfuture.com/reports/epichlorohydrin-market-2864

Regional Analysis

By region, the Epichlorohydrin Market report covers the latest trends and growth opportunities across Europe, the Asia Pacific, North America, Latin America, and the Middle East and Africa. Of these, the APAC region will command the market over the forecast period. This is owing to the growing need for epoxy resin, growing manufacturing sector, and increasing demand from the automotive and consumer electronics industry. China and Japan are the leading contributors in this region. Growing demand for synthetic glycerol is also adding to the market growth.

The epichlorohydrin market in North America is predicted to have the second-largest share in the market over the forecast period. This is owing to the growing demand for chemical products, capital infusion, capacity expansion, and rising oil exploration as well as refining activities. The US is the key contributor in this region. On the contrary, the introduction of stringent laws against the use of epichlorohydrin in Canada is likely to lower its demand.

The epichlorohydrin market in Europe is predicted to have a notable growth over the forecast period.

[medicalnewstoday]

Recent research:Global Castor Oil Derivative Market  to witness steady growth at  ~4.5%   CAGR by  2018-2026

Nearly 40% market revenue share belong to India, followed by Europe.

Grade II castor oil derivatives represent the largest value share of around 45% in the market, consumption of sebacic acid remains spectacular especially by nylon and other end use segments.

Industrial consumption of castor oil and derivatives accounts for a roughly 75% share of the market revenue.

The key insights are drawn from the latest intelligence report publication of Persistence Market Research. The report forecasts global revenue through the sales of castor oil and derivatives to attain the value of around US$ 1.2 billion in 2020. Reaching the peak of its yearly revenue growth estimation, the market is projected at 4.7% Y-o-Y growth in 2019.

“High crop yield and oil content account for the suitability of castor as a bio-based crop, boosting new growth opportunities in the biodiesel sector – without the need for shifting important food crops. However, price volatility continues to influence the castor supply chain resulting in considerable supply-demand imbalance,” explains a senior market research analyst at the company.

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Adding to it further, the analyst says, “The pricing pressure imposed by unconventional renewables remains a longstanding limiting factor impacting the supply chain of castor oil and derivatives market”.

Biopolymers Are Gathering Momentum

On the backdrop of rapidly depleting natural resources, hiking petroleum product prices, and a shifting focus on the usage of bio-based fuels, castor oil as an efficient biofuel displays superior productivity.

While the reduced carbon footprint is trending across industries, it is most likely that castor oil and derivatives will witness promising demand in various industrial verticals in the near future.

Owing to the ability of castor oil to entirely replace synthetic feedstock with bio-based products, castor oil is extensively used in some other commercial segments such as paints, fluids, resins, and cosmetics. Although pharmaceuticals have been registering remarkable consumption volumes of castor oils and derivatives, the beauty and personal care segment also has been an important consumer of the market.

The report indicates that pharmaceuticals and lubricants currently hold a cumulative revenue share of more than 40%. However, adoption of castor oil and derivatives in lubricants, biopolymers, and personal care products is projected to be on a higher side in coming years.

In addition to growing biopolymer adoption, the growing consumer preference for organic and natural ingredients in personal care and cosmetic products is cited as an important factor driving the revenue of castor oil and derivatives space.

India Remains Global Production Giant

Being the largest castor producer and castor oil exporter making up for more than 90% share of the global production volume, India’s castor oil and derivatives market is likely to surpass the revenue worth US$ 400 million in 2020. Government initiatives are prominently boosting the market scenario in India in recent years.

Europe, China, Japan, and ASEAN countries constitute the key trading partners of India over castor oil and derivatives. China however accounts for a roughly 30% share of India’s total export of castor oil and derivatives.

Besides swelling consumption in pharmaceuticals, Chinese market is projected to be favored by growing castor oil consumption by manufacturers of automotive biopolymers, lubricants, and paints. Southeast Asia is also identified to hold a considerable market value share, says the report.

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Key Market Competitors Are Going Online

As India represent the only key market for castor oil and derivatives production, the global landscape is likely to remain strongly consolidated, as indicated by the report. The top 5-6 market players account for the lion’s share in the global value and volume. Besides production capacity expansion, prominent companies in the global landscape are focusing on strategic acquisitions and collaborations for an enhanced market share.

As far as innovation of castor oil derivatives is considered, a few regional players are strategizing the launch of innovative grades of castor oil derivatives. Capturing the growing Ecommerce trend, several Indian manufacturers of castor oil and derivatives are striving for enhanced regional and global sales through E-tail by associating with online distribution channels.

The global castor oil and derivatives market report exhaustively analyzes some of the most prominent companies competing in the landscape. While the profiled players include The Castor Oil Industries Ltd, Arvalli Castor Derivatives Pvt. Ltd, Ambuja Solvex Pvt Ltd, Jayant Agro Organics, Royal Castor Products Limited, Adani Group, Gokul Overseas, and a few others.