Chitosan Market Segmentation& Analysis, Industry Growth Forecast 2022–2029 | Increasing Demand for Bio-based Products in Asia-Pacific to Favor Growth

 The global chitosan market size is expected to experience a substantial growth owing to the increasing prevalence of chronic disease and the growing demand for cosmetics that boosts the demand for the product across the globe. This information is published by Fortune Business Insights, in its upcoming report, titled, “Chitosan Market Size, Share & Industry Analysis, By Application (Pharmaceutical, Cosmetics, Water Treatment, Food & Beverages, Others) and Regional Forecast, 2022-2029.”

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Chitosan is generally a sugar extracted from the hard outer skeleton of shellfish such as lobster, crab, and shrimp. They are extensively adopted in several industrial applications that include food & beverage, and pharmaceutical industry among others. In addition to this, it is effective in arresting the flow of blood during surgeries and prevents blood clots. It is further used as a preservative to improve the shelf-life of the food products.

What does the Report Include?

The report includes a detailed assessment of various growth drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides a comprehensive research into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnerships, mergers and acquisitions, and collaborations adopted by the companies to maintain market stronghold between 2019 and 2026. 

Increasing Demand for Bio-based Products in Asia-Pacific to Favor Growth

Among all the regions, Asia-Pacific is expected to remain at the forefront and hold the largest global chitosan market share in terms of revenue during the forecast period. This dominance is attributable to the increasing demand for bio-based chitosan products owing to the depletion of natural resources and the surging demand for adopting renewable energy sources in the region.

The market in North America is anticipated to showcase a significant growth backed by the rising pharmaceutical sector that is leading to the development of enhanced drugs that contain chitosan in countries such as the U.S. between 2020 and 2027.

Industrial Development:

• February 2019 – Axio Biosolutions announced the launch of its new product, MaxioCel, a next-gen wound care dressing produced from chitosan. According to the company, the product aids in fast-paced healing of chronic wounds in patients.

List of the Companies Profiled in the Global Market for Chitosan:

• Qingdao Yunzhou Biochemistry Co.
• Advanced Biopolymers AS
• Panvo Organics Pvt. Ltd.
• Meron Biopolymers
• Heppe Medical Chitosan GmbH
• KitoZyme S.A
• Foodchem International Corporation
• Chitosanlab
• Primex EHF
• Golden-Shell Pharmaceutical Co. Ltd.
• Chitinor AS
• Others

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Solvents Market Expansive Coverage on the Latest Trends, Developments and Forecast, 2029

The global solvents market size is projected to reach USD 67,837.8 million by 2028, exhibiting a CAGR of 6.0% during the forecast period. Fortune Business Insights in its report, titled “Solvents Market, 2021-2028”, states that the value of this market stood at USD 43,845.7 million in 2020.

With the paints & coatings industry reeling from the effects of the economic fallout caused by the COVID-19 pandemic, the solvents market growth is facing a notable decline. The primary reasons for this market’s truncated growth in 2020 include the massive shortage of factory workers, closure of manufacturing facilities, and shrinking availability of raw materials. In 2020, the market’s growth rate fell by 2.96% and it is predicted to reach USD 45,058.8 million in 2021.

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AGC Chemicals Develops Eco-friendly Solutions for Cleaning Medical Devices

In March 2020, AGC Chemicals Americas announced the development and launch of AsahiKlin™ AE-3000 and AMOLEA™ AT2, the company’s newest fluorinated solvents. The novel offerings have been formulated to enable manufacturers to adhere to the stringent environmental regulations for the precision cleaning of medical devices. With traditional solvents such as n-propyl bromide and trichloroethylene being investigated by the US Environmental Agency for potential risks, AGC’s new formulations can function as the perfect alternative solutions for the manufacturing of chemicals for various end-use applications. Moreover, the solutions have no ozone depletion properties, low surface tension, and low global warming potential, making them ideal for cleaning a wide range of critical medical devices.

Increasing Demand for Paints & Coatings to Propel the Market

Paints and coatings are critical components in construction and building operations. With construction and infrastructure development activities gathering rapid momentum around the globe, the application areas of paints and coatings are speedily widening. For example, a study by Oxford Economics forecasts that the output value of construction activities will surge by 85% through 2030, reaching USD 15.5 trillion. This growth will be led by the intensifying demand for buildings & constructions in China, India, and the U.S. Solvents are highly useful in preventing the formation of clumps and globs in paints, while their cost-effectiveness, durability, and temperature resistance make them suitable in the formulation of coatings. Thus, the incredible growth of the construction industry will spawn spectacular opportunities for specialty chemicals in the forthcoming decade. 

Industrial Cleaning Segment to Showcase Promising Progress

On the basis of application, the market has been divided into paints & coatings, printing inks, industrial cleaning, adhesives, and others. Among these, the industrial cleaning segment is expected to display excellent growth prospects as solvents are extensively deployed in industrial settings to remove dirt, dust, and oil remnants that gather on surfaces and crevices of machines, equipment, and the shop floor. In 2020, this segment held a share of 14.0% in the global market and a share of 13.6% in the China market.

Based on product type, the market is categorized into alcohols, ketones, esters, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

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Asia Pacific to Headline the Market with a Size of USD 17,676.7 Million

Asia Pacific is anticipated to dictate the solvents market share during the forecast period, mainly on account of the enormous investments in infrastructure development projects by China and India. Furthermore, the exponential growth in the region’s construction industry will further accelerate the expansion of the market. The Asia Pacific market size stood at USD 17,676.7 million in 2020.

In Europe, the increasing preference for bio-based chemicals in critical industries will fuel the regional market, while the rising demand for oxygenated solvents is foreseen to aid market growth in Latin America.

Leading Companies to Focus on Diversifying Portfolios & Augmenting Revenues

Key chemical companies are making strategic investments to ramp up their spending on research & development activities and engineer innovative solvent solutions for industrial applications. The aim behind these investments is to speed up the diversification of their portfolios that will not only cement their position in the market but also help them widen their revenue streams, paving the way for future investments.

Industry Development

April 2019: Braskem released its maiden partially renewable solvent derived from sugarcane ethanol. Named HE-70S, the product contains bio-based carbon, designed for use in ceramics, furniture, and footwear industries, and will expand the company’s oxygenated chemicals portfolio.

List of Key Players Covered in this Market Report

• INEOS Group AG (The UK)
• Celanese Corporation (The U.S.)
• BASF SE (Germany)
• LyondellBasell Industries Holdings B.V. (The Netherlands)
• Royal Dutch Shell Plc (The Netherlands)
• Gandhar Oil (India)
• Honeywell International Inc. (The US)
• ExxonMobil Corporation (The U.S.)
• Ashland Global Holdings Inc. (The U.S.)
• Eastman Chemical Company (U.S.)

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Japan Ceramic Tiles Market Growth, Size, CAGR of 4.7%

Japan Ceramic Tiles Market Report provides an in-depth analysis of emerging trends, market drivers, development opportunities, and market constraints that may have an impact on the market dynamics of the industry. Each player highlighted in the research study contains Company Basic Information, Manufacturing Base, Sales Area, and its Competitors, an in-depth business overview, geographic footprint, and contact information. The report contains a comprehensive market and vendor landscape in addition to SWOT Analysis.

Key players in the  Japan Ceramic Tiles market are profiled with detailed insights into company profile, product portfolio, geographical presence, statistical analysis, key developments, and growth strategies. Furthermore, the  Japan Ceramic Tiles Market report provides a comprehensive analysis of the COVID-19 pandemic and how it has affected the market in the discussion. The study lays out how the pandemic affected the dynamics of the market and what are the future opportunities for market players.

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As per a report published by Fortune Business Insights The Japan Ceramic Tiles market size is projected to reach USD 82.83 billion by 2026, attributable to rise in construction activities worldwide. Japan Ceramic Tiles offer functions such as scratch-resistance, slip-resistance, cracking-resistance, and are appealing aesthetically. Fortune Business insights™ provide a comprehensive overview of the market in their recently published report The Japan Ceramic Tiles market size was USD 57.26 billion in 2018 and will rise at a CAGR of 4.7% between 2019 to 2026.

This research contains in-depth information on emerging trends, market drivers, development opportunities, and market restraints that have the potential to affect the dynamics of the Japan Ceramic Tiles market. The study assesses the market size of the Japan Ceramic Tiles industry and examines the key international players’ approach trends. The research also assesses the market’s size in terms of revenue during the predicted period. All data numbers, such as percentage share splits and breakdowns, are derived from secondary sources and double-checked with primary sources. To examine the industry’s primary influencing variables and entry obstacles, the report conducted Porter’s five forces analysis, SWOT analysis, regulatory landscape, and prominent buyers.

Key Players in the Japan Ceramic Tiles Market Report:

Top companies covered in Japan Ceramic Tiles Market are Cerâmica Carmelo Fior, White Horse Ceramic, MOHAWK INDUSTRIES INC, Kajaria Ceramics Limited, Ceramic Industries Group, STN Cerámica, Dynasty Ceramic Public Company Limited and more profiled players

The following are some of the Japan Ceramic Tiles Market Reports' Most Important Features:

1. Detailed market study of the Japan Ceramic Tiles market
2. Changing industry competitive landscape
3. Detailed competitive categorization
4. Historical, current, and forecast market size in quantity and value
5. Recent industry trends and developments
6. The Japan Ceramic Tiles Market’s Competitive Landscape Key Players’ Strategies and Product Portfolio
7. Segments/Regions Showing Promising Growth a Neutral Perspective on the Japan Ceramic Tiles Market Performance

Japan Ceramic Tiles Market Segmentation

Next, the research report reveals the development of the Japan Ceramic Tiles market segments. Analysts have segmented the market on the basis of product/service type, application, end-users, and geography. Analysts have evaluated the changing nature of the market segments, growing investments in manufacturing activities, and product innovations that are likely to impact them. In terms of geography, the report studies the changing political environment, social upliftment, and other government initiatives that are expected to contribute to the regional markets.

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Regional Segmentation of the Japan Ceramic Tiles Market:

The Japan Ceramic Tiles research examines the market size, sales, segmentation, and a complete examination of geographies, with a focus on the industry’s top suppliers. Similarly, the Japan Ceramic Tiles study employs a cutting-edge research technique to provide data on market trends in a number of key sectors of the industry. The Japan Ceramic Tiles research study also examines the market size and volume at the and local levels. Following is the Regional Segmentation:

» North America
» Europe
» China
» Asia-Pacific
» Japan

The report studies the Japan Ceramic Tiles Market by assessing the market chain, current policies, and regulations, as well as manufacturers, their manufacturing chain, cost structures, and contribution to the industry. The regional market for the Japan Ceramic Tiles Market is examined by analyzing the price of the products in the region in relation to the profit generated.

Scope of the Report:

An in-depth analysis of statistics on current and emerging trends provides clarity regarding Japan Ceramic Tiles industry dynamics. The report includes Porter’s five forces to analyze the importance of various characteristics such as understanding of suppliers and customers, risks posed by various agents, competitive strength, and promising emerging businessmen to understand a resource. precious. Further, the report covers the Japan Ceramic Tiles research data of various companies, benefits, gross margin, market strategic decisions, and more through tables, graphs, and figures. infographics.

Report Conclusion:

The report focuses on a thorough and comprehensive examination of the Japan Ceramic Tiles industry, covering business patterns such as opportunities and innovations that are predicted to take advantage of the current market environment and strategic status. This market study report analyses the findings of in-house expert interviews, extensive secondary examinations, and primary interviews.

Table of Content – Analysis of Key Points:

Chapter 1. Executive Summary
Chapter 2.  Market Definition and Scope
Chapter 3.  Market Dynamics
Chapter 4.  Japan Ceramic Tiles Market Industry Analysis
Chapter 5. Japan Ceramic Tiles  Market, by Type
Chapter 6. Japan Ceramic Tiles  Market, by Application
Chapter 7. Japan Ceramic Tiles  Market, Regional Analysis
Chapter 8. Competitive Intelligence
Chapter 9. Key Companies Analysis
Chapter 10. Research Process

Continued…

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Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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High Performance Medical Plastics Market Analysis, Opportunities and Segments Forecast by 2029 | Increasing Percentage of Robust Health Care System to Boost up Medical Service

 The global high performance medical plastics market size is set to gain momentum from the increasing awareness among people regarding health care. The surging number of health-conscious individuals worldwide encourages the demand for high-performance medical plastics. The rising global population urges better health care, which is expected to drive market growth. Fortune Business Insights presents this information in its report titled “High Performance Medical Plastics Market, 2022-2029."

Medical plastics are high-performance polymeric materials used in medical operations. The market has excellent design installation, thermal and radiation stability, physical strength, chemical captures, biocompatibility, and sterilization capacity. Typical exemplifications of high performance medical grade plastics are pacemakers, coronary stents, dental implants, surgical instruments, and hypes.   

 

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Market Segments-

Based on raw material, the market is segmented into polytetrafluoroethylene, polycarbonate, polypropylene, polyphenylene sulfide and polysulfone.

The market is segmented into medical equipment & tool, medical disposables, drug delivery, prosthetics & implants, and diagnostics based on application.

Lastly, in terms of geographical distribution, the market is categorized into North America, Europe, Pacific Asia, Latin America, and Middle East & Africa.

Report Coverage-

The Report Offers:

• Current market growth trends, shares, and potential challenges of the market.
• Ranking key players in the market and new product launches.
• Several direct and indirect factors that have contributed to the market growth in the past few years.
• List of major Key strategies adopted by market players.

Drivers & Restraints-

Increasing Percentage of Robust Health Care System to Boost up Medical Service

High performance medical plastics market growth is driven by the rising population demand for better health care services. The increase of the aging population is expected to result in significant healthcare developments.

However, strict waste management may restrict the market growth some extend.

Regional Insights-

Effective High Performance Medical Plastics Supports Better Health Care in the Asia Pacific

Geographically, Asia Pacific is expected to grow high performance medical plastics market share due to increased investment by nations like India and China.

Additionally, technology such as 3D print medical devices, stent technologies, and implantable electronics encourages North America to expand its market due to U.S. heavy investments.

Furthermore, Middle East & Africa, and Latin America are expected to grow less due to health awareness.

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Industry Development-

In June 2019- BASF marked a Memorandum of Cooperation with SIBUR (Moscow, Russia) to foster imaginative polymer arrangements at PolyLab Research and Development Center situated in Russia. This joint effort is designated to foster an imaginative scope of elite execution arrangements, especially for long haul sturdy products.

List of Key Players Present in the Market:

• Solvay (Belgium)
• Mitsubishi chemical corporation (Japan)
• SABIC (Saudi Arabia)
• DuPont (U.S.)
• Evonik industries AG (Germany)
• Arkema (France)
• Ensinger (Germany)
• Celanese Corporation (U.S.)
• Trelleborg (U.S.)
• Tekni-plex (U.S.)
• Vivtrex PLC (U.K.)

Read More Related Blogs:

Sebacic Acid Market

Cellulose Acetate Market

Acrylonitrile Butadiene Styrene Market Revenue In Japan| Acrylonitrile Butadiene Styrene Industry Future Growth, Trends and Top Key Players

The global acrylonitrile butadiene styrene market share is projected to reach USD 42,809.5 million by 2027, exhibiting a CAGR of 6.9% during the forecast period. The phenomenal growth in the global construction industry will be a prime growth driver for this market, states Fortune Business Insights™ 

The construction industry has entered a phase of prolific expansion due to the rapid growth in world population and the proliferation of residential and commercial spaces in urban areas. According to a study by Oxford Economics and Global Construction Perspectives, the volume of construction output is slated to grow by 85%, hitting a value of USD 15.5 trillion by 2030. Led by construction activities in China, India, and the US, Oxford Economics, in a recent report predicted that even amid the COVID-19 pandemic, the construction industry will rise by 35% and reach USD 5.8 trillion by 2030. Acrylonitrile butadiene styrene (ABS), a versatile thermoplastic, is known for its structural sturdiness, superior impact strength, resistance to corrosive chemicals, and excellent mechanical and insulating properties, making it an essential component in the construction of buildings. Thus, as construction activities surge around the world, the demand for ABS is likely to remain steady over the forecast period.

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Russia-Ukraine War Implication

Japan Methyl Methacrylate Market to reach USD 23.45 million by the end of 2027

 Methyl Methacrylate Market Report provides an in-depth analysis of emerging trends, market drivers, development opportunities, and market constraints that may have an impact on the market dynamics of the industry. Each player highlighted in the research study contains Company Basic Information, Manufacturing Base, Sales Area, and its Competitors, an in-depth business overview, geographic footprint, and contact information. The report contains a comprehensive market and vendor landscape in addition to SWOT Analysis.

Key players in the  Methyl Methacrylate market are profiled with detailed insights into company profile, product portfolio, geographical presence, statistical analysis, key developments, and growth strategies. Furthermore, the  Methyl Methacrylate Market report provides a comprehensive analysis of the COVID-19 pandemic and how it has affected the market in the discussion. The study lays out how the pandemic affected the dynamics of the market and what are the future opportunities for market players.

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The Japan Methyl Methacrylate Market size is projected to reach USD 23.45 million by the end of 2027. The increasing applications of the product across diverse industry verticals will emerge in favor of market growth. According to a report published by Fortune Business Insights, titled “Methyl Methacrylate (MMA) Market Size, Share & Industry Analysis, and Regional Forecast, 2020-2027,” the market was worth USD 12.57 million in 2019 and will exhibit a CAGR of 8% during the forecast period, 2020-2027.

This research contains in-depth information on emerging trends, market drivers, development opportunities, and market restraints that have the potential to affect the dynamics of the Japan Methyl Methacrylate Market. The study assesses the market size of the Methyl Methacrylate industry and examines the key international players’ approach trends. The research also assesses the market’s size in terms of revenue during the predicted period. All data numbers, such as percentage share splits and breakdowns, are derived from secondary sources and double-checked with primary sources. To examine the industry’s primary influencing variables and entry obstacles, the report conducted Porter’s five forces analysis, SWOT analysis, regulatory landscape, and prominent buyers.

Key Players in the Japan Methyl Methacrylate Market Report:

Top companies covered are Arkema, Sumitomo Chemical Company , Dhalop Chemicals , Kuraray Group , Saudi Methacrylates Company (SAMAC) , The Dow Chemical Company , Asahi Kasei Corporation , Huntsman Corporation , Lucite International , Mitsubishi Chemical Corporation and more players profiled in Japan Methyl Methacrylate Market research report..

The following are some of the Japan Methyl Methacrylate Market Reports' Most Important Features:

1. Detailed market study of the Methyl Methacrylate market
2. Changing industry competitive landscape
3. Detailed competitive categorization
4. Historical, current, and forecast market size in quantity and value
5. Recent industry trends and developments
6. The Methyl Methacrylate Market’s Competitive Landscape Key Players’ Strategies and Product Portfolio
7. Segments/Regions Showing Promising Growth a Neutral Perspective on the Methyl Methacrylate Market Performance

Methyl Methacrylate Market Segmentation

Next, the research report reveals the development of the Methyl Methacrylate market segments. Analysts have segmented the market on the basis of product/service type, application, end-users, and geography. Analysts have evaluated the changing nature of the market segments, growing investments in manufacturing activities, and product innovations that are likely to impact them. In terms of geography, the report studies the changing political environment, social upliftment, and other government initiatives that are expected to contribute to the regional markets.

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Regional Segmentation of the Methyl Methacrylate Market:

The Methyl Methacrylate research examines the market size, sales, segmentation, and a complete examination of geographies, with a focus on the industry’s top suppliers. Similarly, the Methyl Methacrylate study employs a cutting-edge research technique to provide data on market trends in a number of key sectors of the industry. The Methyl Methacrylate research study also examines the market size and volume at the and local levels. Following is the Regional Segmentation:

» North America
» Europe
» China
» Asia-Pacific
» Japan

The report studies the Japan Methyl Methacrylate Market by assessing the market chain, current policies, and regulations, as well as manufacturers, their manufacturing chain, cost structures, and contribution to the industry. The regional market for the Japan Methyl Methacrylate Market is examined by analyzing the price of the products in the region in relation to the profit generated.

Scope of the Report:

An in-depth analysis of statistics on current and emerging trends provides clarity regarding Methyl Methacrylate industry dynamics. The report includes Porter’s five forces to analyze the importance of various characteristics such as understanding of suppliers and customers, risks posed by various agents, competitive strength, and promising emerging businessmen to understand a resource. precious. Further, the report covers the Methyl Methacrylate research data of various companies, benefits, gross margin, market strategic decisions, and more through tables, graphs, and figures. infographics.

Report Conclusion:

The report focuses on a thorough and comprehensive examination of the Methyl Methacrylate industry, covering business patterns such as opportunities and innovations that are predicted to take advantage of the current market environment and strategic status. This market study report analyses the findings of in-house expert interviews, extensive secondary examinations, and primary interviews.

Table of Content – Analysis of Key Points:

Chapter 1. Executive Summary
Chapter 2.  Market Definition and Scope
Chapter 3.  Market Dynamics
Chapter 4.  Methyl Methacrylate Market Industry Analysis
Chapter 5. Methyl Methacrylate  Market, by Type
Chapter 6. Methyl Methacrylate  Market, by Application
Chapter 7. Methyl Methacrylate  Market, Regional Analysis
Chapter 8. Competitive Intelligence
Chapter 9. Key Companies Analysis
Chapter 10. Research Process

Continued…

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Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

9th Floor, Icon Tower, Baner –

Mahalunge Road, Baner, Pune-411045,

Maharashtra, India.

Phone:

U.S.:+1 424 253 0390

UK : +44 2071 939123

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Sebacic Acid Market Size, Analysis, Share, Research, Business Growth and Forecast to 2029 | Key Players Focus on Building New Plants to Gain a Competitive Edge

 The global sebacic acid market is expected to gain impetus from its increasing usage in the manufacturing of polymers, wax candles, plastics, and other intermediates. This information is given by Fortune Business Insights™ in an upcoming report,” The report further mentions that sebacic acid is extensively used to produce salt derivatives for applications in lubricants, as well as in cosmetics as a pH buffer.

The outbreak of the COVID-19 pandemic has brought the production and manufacturing processes of various companies to a standstill. Some of them have resumed their operations by following a few preventive measures, such as social distancing and reduction of workforce. Many healthcare institutions worldwide are trying to discover a vaccine to end this pandemic. Our reports would provide highly accurate information about the effects of COVID-19 on a large range of industries.

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Highlights of the Report:

• In-depth details about the competitive landscape of the market.
• Elaborate information about the strategies followed by companies.
• Historical, current, and forecasted sizes of the market for sebacic acid.
• Profiles of the reputed companies present in the market and their revenues.

Drivers & Restraints-

Rising Demand for Nylon to Accelerate Market Growth

Sebacic acid, also known as decanedioic acid is a white-colored, flaky, powdered, and non-hazardous substance. It is mainly obtained by splitting castor oil and then by infusing it with caustic soda. It is slightly soluble in water and has a mild odor. It is used for the manufacturing of nylon owing to its low-cost and bio-based properties. The rising demand for nylon stoked by the increasing production of textiles and fibers is set to propel the sebacic acid market growth during the forecast period. However, the high demand for castor seeds for the manufacturing of biodiesel and the fluctuating costs of raw materials may hinder the market growth.

Regional Analysis-

Rapid Industrialization to Drive Growth in Latin America  

Geographically, the market is segregated into Europe, North America, Asia Pacific, the Middle East & Africa, and Latin America. Amongst them, Asia Pacific is expected to dominate in terms of sebacic acid market share throughout the forthcoming years. This growth is attributable to the major contribution of China as it is the largest producer of nylon and other associated polymers.

In North America, on the other hand, the U.S. is experiencing high demand for sebacic acid from the polymer and lubricant manufacturers. Europe is set to grow subpar growth in the coming years. The Middle East & Africa would exhibit significant growth backed by the expansion of the cosmetics manufacturing industry in the region. Lastly, Latin America would grow steadily owing to the rapid industrialization and the enhancements of economic conditions in the region.

Competitive Landscape-

Key Players Focus on Building New Plants to Gain a Competitive Edge

The market for sebacic acid is highly fragmented with the presence of a large number of companies across the globe. They are striving persistently to gain a competitive edge by constructing new plants. This way, they will be able to gain more consumer bases. Below is one of the most recent industry developments:

• February 2019: Sebacic Oman Refinery entered the production stage of sebacic acid after completing the preliminary tests successfully. The refinery is set to be the first industrial project to operate in the Special Economic Zone in Duqm (SEZD). The sebacic acid produced here will be further sold to the company’s clients from the pharmaceutical, plastics, and chemical industries. The company is a joint venture between investors from India and the Sultanate.

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Fortune Business Insights™ lists out the names of all the sebacic acid producers operating in the global market. They are as follows:

• Inolex Inc.
• Shandong Siqiang Chemical Group Co., Ltd.
• Tongliao Xinghe Biotechnology Co., Ltd.
• Tokyo Chemical Industry Co., Ltd.
• Zhengzhou Yibang Industry & Commerce Co., Ltd.
• Santa Cruz Biotechnology, Inc.
• Hokoku Corporation
• Sebacic India Limited
• Silver Fern Chemical Inc.
• Corvay Specialty Chemicals GmbH
• Shipra Agrichem Pvt. Ltd.
• Banner Chemicals Limited
• Arkema S.A.
• Other key market players