Sebacic Acid Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Sebacic Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Sebacic Acid Price Trend for Second Half of 2023

The extensive use of sebacic acid in the production of polymers, including polyesters, polyamides, and plasticizers, is a primary market driver. Sebacic acid is also known for playing a key role as a key ingredient in the production of various applications such as textiles, cosmetics, lubricants, and pharmaceuticals. Additionally, the increasing demand for bio-based and renewable chemicals further contributes to the expansion of the sebacic acid market.

Sebacic Acid Price Chart

Sebacic Acid Price Trends and Forecast

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In the final two quarters of 2023, sebacic acid prices experienced a rapid decline. Sebacic acid is derived from castor seeds, and therefore, its prices closely mirror the price trends of its source. The cultivation of the castor crop thrived in semi-arid regions such as Gujrat and Rajasthan in India, which eventually caused an unexceptional bloom in the inventories. Thus, throughout the aforementioned period, the castor oil industry faced reduced market demands along with consistent inventory supplies, leading to an oversupply crisis not only in India but several other nations such as Indonesia, Brazil, and China.

However, it was observed that as the year approached its end, the dynamics of the market started to improve, and the prices began to stagnate. This relief in the market sentiments came from the rise in the spending budget of the consumers at the onset of the holiday season and the spike in the industrial activities of downstream polymer sectors.

Analyst Insight

According to Procurement Resource, the price trend of Sebacic Acid is estimated to bear the trajectory paved by the demand from the downstream polymer and plasticizer sector and trading activities around the globe.

Procurement Resource provides latest prices of Sebacic acid. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

Platform Sample

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About

Sebacic acid comes in the form of a white powdery granule. Sebacic acid is the 1,8-dicarboxy derivative of octane and is an alpha, omega-dicarboxylic acid. It serves as both a human and a plant metabolite. It is a dicarboxylic fatty acid and an alpha, omega-dicarboxylic acid. It is a sebacate(2-) and sebacate conjugate acid. It comes from a decane hydride.

Product Details

Report Features Details
Product Name Sebacic Acid
HS CODE 291713
CAS Number 111-20-6
Industrial Uses Production of lubricants, Production of plasticizers, Used as plant and human metabolite
Chemical Formula C10H18O4
Synonyms 1,8-Octane Dicarboxylic acid, 1,10-Decanedioic acid
Molecular Weight 202.25 g/mol
Supplier Database Arkema Group, Hokoku Co., Ltd., Shipra Agrichem Pvt Ltd (SAPL), BASF SE
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


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Production Processes

  • Production of Sebacic Acid from Castor Oil and Sodium Hydroxide

The main fatty acid found in castor beans is produced through a procedure that involves extracting ricinoleic acid from sodium hydroxide and alkaline solutions. Approximately 87% of castor oil contains ricinoleic acid. Following caustic digestion, the ricinoleic acid is broken down to produce capryl alcohol and sebacic acid. Sebacic acid is often produced with a lesser yield, hence purification techniques are employed to get higher yields of purity.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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