COVID-19: Sebacic Acid Market (2020-2024) – Roadmap for Recovery | Demand For Sebacic Acid From The Automotive Industry to Boost the Market Growth | Technavio
September 12, 2020
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.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
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:
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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:
Value chain analysis
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 Segmentation by Application
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
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
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 positioning of vendors
Hengshui Jinghua Chemical Co. Ltd.
HOKOKU Co. Ltd.
Jayant Agro-Organics Ltd.
Sebacic India Ltd.
Thermo Fisher Scientific Inc.
Wilmar International Ltd.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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