Bio-based sebacic acid has broad application prospects and Cathay Biotech is at the leading level

Bio-based sebacic acid appears as white powder or granules. It is a dibasic acid produced from castor oil through hydrolysis, cracking, neutralization, decolorization, crystallization, drying or granulation. Bio-based sebacic acid has the advantages of non-toxic and harmless, high product purity, stable physical and chemical properties, and good high-temperature color performance. It has broad application prospects in the fields of fiber, electronics, medical, resin, lubricant, automobile, chemical industry, and food.

Castor oil is a renewable resource. Affected by the distribution of upstream raw material castor cultivation, global castor oil production capacity is relatively concentrated. India, China, and Brazil are the main castor oil producing countries. India is the world’s largest castor oil producer, accounting for approximately 10% of the world’s castor oil production. 50% of total production capacity. Castor oil is an important raw material for the production of bio-based sebacic acid. In recent years, thanks to the development of agricultural modernization, the degree of mechanization of castor planting has increased, and the planting cost has subsequently dropped, which is beneficial to the development of the bio-based sebacic acid industry.

According to the “2022-2027 Bio-based Sebacic Acid Industry Market In-depth Research and Investment Prospects Forecast Analysis Report released by the Industrial Research Center It shows that my country is the world’s largest producer of sebacic acid. In 2021, the industry’s production capacity will be about 165,000 tons, accounting for more than 80% of the world’s total production capacity. In terms of bio-based sebacic acid, global production capacity is still concentrated in China. In 2021, the output of my country’s bio-based sebacic acid industry will be approximately 30,000 tons.

From the perspective of production companies, bio-based sebacic acid production companies mainly include Arkema, BASF, Cathay Biotech, etc. Cathay Biotech is a leading company in the global bio-based long-chain dicarboxylic acid market. The company has complete intellectual property rights for bio-based sebacic acid and is the first to realize large-scale production of bio-based sebacic acid. In addition to bio-based sebacic acid, Cathay Biotech also develops bio-based pentanediamine, a series of bio-based polyamide and other products.

Chemical sebacic acid is produced by hydrolysis and pyrolysis of castor oil, but this process involves a greater risk of environmental pollution, and the supply of raw material castor oil is unstable. Compared with chemical sebacic acid, bio-based sebacic acid has multiple advantages such as low carbon, low energy consumption, stable production, high purity, and low cost. Under the background of carbon neutrality and carbon peak strategies, bio-based sebacic acid Acid is expected to gradually replace chemical sebacic acid, and the future market development prospects are broad.

The bio-based sebacic acid market has a short development time. In order to promote the standardization and sustainable development of the industry, a number of bio-based sebacic acid-related associations have been established around the world, such as the Sustainable Castor Association (SCA), ICOA Association, Indian SEA Association, China Bio-based Sebacic Acid Professional Committee, etc.

​Industry analysts said that bio-based sebacic acid is in line with the current concepts of low-carbon, environmentally friendly and green development, and has broad application prospects in the future. my country is a major producer and consumer of sebacic acid, and there is a large space for substitution of bio-based sebacic acid. The bio-based sebacic acid market started late and there are few manufacturing companies in the world. Among them, Cathay Biotech is at the leading level in this field. As the projects under construction of relevant companies are put into production, the scale of the bio-based sebacic acid industry will continue to expand.