LONDON–(BUSINESS WIRE)–Technavio has been monitoring the sebacic acid market and it is poised to grow by USD 129.57 mn during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
What are the major trends in the market?
Adoption of alternative production processes for sebacic acid is a major trend driving the growth of the market.
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 5.08% and the incremental growth of the market is anticipated to be $ 129.57 mn.
Who are the top players in the market?
Arkema SA, Chemtech BV, Hengshui Jinghua Chemical Co. Ltd., HOKOKU Co. Ltd., Jayant Agro-Organics Ltd., Merck KGaA, Recochem Inc., Sebacic India Ltd., Thermo Fisher Scientific Inc., and Wilmar International Ltd, are some of the major market participants.
What is the key market driver?
The demand for sebacic acid from the automotive industry is one of the major factors driving the market.
How big is the APAC market?
The APAC region will contribute 90% of the market share.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Arkema SA, Chemtech BV, Hengshui Jinghua Chemical Co. Ltd., HOKOKU Co. Ltd., Jayant Agro-Organics Ltd., Merck KGaA, Recochem Inc., Sebacic India Ltd., Thermo Fisher Scientific Inc., and Wilmar International Ltd are some of the major market participants. The demand for sebacic acid from the automotive industry will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Sebacic Acid Market 2020-2024: Segmentation
Sebacic Acid Market is segmented as below:
- Polymer Manufacturing
- Industrial Use
- Ester Manufacturing
- North America
- South America
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Sebacic Acid Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The sebacic acid market report covers the following areas:
- Sebacic Acid Market Size
- Sebacic Acid Market Trends
- Sebacic Acid Market Industry Analysis
This study identifies the adoption of alternative production processes for sebacic acid as one of the prime reasons driving the sebacic acid market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Sebacic Acid Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist sebacic acid market growth during the next five years
- Estimation of the sebacic acid market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the sebacic acid market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of sebacic acid market vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application placement
- Polymer manufacturing – Market size and forecast 2019-2024
- Coolants – Market size and forecast 2019-2024
- Industrial use – Market size and forecast 2019-2024
- Ester manufacturing – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by Application
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver – Demand led growth
- Volume driver – Supply led growth
- Volume driver – External factors
- Volume driver – Demand shift in adjacent markets
- Price driver – Inflation
- Price driver – Shift from lower to higher-priced units
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Arkema SA
- Chemtech BV
- Hengshui Jinghua Chemical Co. Ltd.
- HOKOKU Co. Ltd.
- Jayant Agro-Organics Ltd.
- Merck KGaA
- Recochem Inc.
- Sebacic India Ltd.
- Thermo Fisher Scientific Inc.
- Wilmar International Ltd.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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