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.
According to the report, Sebacic acid market is expected grow enormously by 2027, registering a phenomenal CAGR during the anticipated period (2017 – 2027). Augmented demand for bio ingredient based cosmetics coupled with rising personal care industry have created potential in the Sebacic Acid market globally.
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.
Global Sebacic Acid Market is expected to witness prolific growth over the forecast period driven by increasing demand from end-use industries such as household, automotive, and aerospace.
Rising awareness regarding personal care & hygiene among consumers in regions such as Asia Pacific and Latin America is slated to positively impact market growth over the forecast period. The product finds wide application scope as a monomer for production of textiles, lubricants, candles, hydraulic fluids, and cosmetics.
Undecylenic acid is an unsaturated fatty acid obtained from castor oil by pyrolysis of riccinoleic acid.
Undecylenic acid is mainly used for the production of Nylon-11 and in the treatment of fungal infections of the skin, but it is also a precursor in the manufacture of many pharmaceuticals, personal hygiene products, cosmetics, and perfumes.
Geographically, the Undecylenic Acid market dominance over North America, Latin America, Europe, Asia-Pacific, Middle East & Africa, North America held the majority of the Undecylenic Acid market share in 2017. Rest of the World is likely to have a limited but steady growth in the Undecylenic Acid market.
Ricinoleic acid, formally called 12-hydroxy-9-cis-octadecenoic acid is a fatty acid. It is an unsaturated omega-9 fatty acid and a hydroxy acid. It is a major component of the seed oil obtained from mature Castor plant (Ricinus communis L.)
Geographically, the Ricinoleic Acid market dominance over North America, Latin America, Europe, Asia-Pacific, Middle East & Africa, North America held the majority of the Ricinoleic Acid market share in 2017. Rest of the World is likely to have a limited but steady growth in the Ricinoleic Acid market.
A new surgical glue is based on a proprietary polymer that demonstrates superior biocompatibility, tunable bioresorbability and adjustable tissue adherence.
The Gecko Biomedical (Paris, France) SETALUM Sealant is a hydrophobic light-activated adhesive (HLAA) designed for both wet and dynamic environments as an add-on to sutures during minimally invasive vascular surgery.
Unique chemical and physical properties include high viscosity, hydrophobicity, and on demand curing. The adhesive, which is based on a mixture of easily metabolized glycerol and sebacic acid, can be brushed on a biological surface and set in seconds with a short application of ultraviolet (UV) light.
The global castor oil derivatives market is expected to witness a lucrative growth during the period 2016-2024. Factors such as growing demand from the end-user industries such as cosmetics, lubricants, and pharmaceuticals and the growing demand for the products that are biodegradable and sustainable, owing to the reduced petrochemicals dependence are expected to drive this growth.
The region that dominated the castor oil derivatives market is Asia Pacific. The dominance in the global castor oil derivatives market is going to be continued in the coming years. The emerging nation, India accounted for the major production of castor oil derivatives globally. India is followed by other developing nations such as Brazil and China.
Sebaic Oman will start exporting sebacic acid from its $62 million plant in Duqm from Q1 2018, as it would become operational by the end of 2017.
Sebacic acid in powder form would be filled into flexi tanks in containers and exported from Port of Duqm to countries such as US, China and Japan and the equipment meant for the 30,000 tonnes/year plant had been arriving through the port.
German biodegradable and biobased plastics producer Bio-Fed has added renewable resource-based polyamide compounds, the “MVera ECS” products, to its portfolio. The main focus of Bio-Fed is on compostable and biodegradable plastic compounds for film applications as well as injection moulding.
The new PA 6.10 fulfils the standard definition of a bioplastic since it is made up of approximately 60% renewable resources. Castor oil, derived from the seeds of the plant Ricinuns communis, forms the basis of sebacic acid, which is the product’s renewable raw material content.
Port of Duqm has received the first containers from French shipping giant CMA CGM via the Oman Express Service operated by Oman Shipping Company through its subsidiary Oman Container Line.
The containers, which were loaded with project equipment for Sebacic Oman SAOC, soon to become the world’s largest Sebacic Acid plant in Duqm, originated from China and were transshipped via another regional port.
Port of Duqm received the containers at its early container terminal, from where they will be delivered to Sebacic Oman’s site.