Global Castor Oil & Derivatives Market to Reach USD 2.3 Billion Soon

The global castor oil and derivatives market is expected to reach USD 2.30 billion by 2024. The market is estimated to witness a high growth owing to increase in demand for biodegradable products and increasing trend to reduce dependence on petrochemicals are expected to foster the market growth.images

Asia Pacific dominated the overall market. Growth in end-use markets such as personal care, lubricants, and pharmaceuticals is presumed to fuel the regional demand over the next eight years.

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Undecylenic Acid Market to Grow at a CAGR of 5.8% by Value

Global undecylenic acid market size was estimated at over 170 kilo tons in 2015 and is likely to exceed 240 kilo tons by 2023, growing at a CAGR of over 4.2%. This market is was worth over USD 310 million in 2015 and is likely to be valued more than USD 520 million by 2023, growing at a CAGR of over 5.8%.undecylenic-acid

FDA approval for medical applications is likely to favor undecylenic acid market growth over the forecast period. It is also used against candida infection and also relives irritation, itching and burning sensations on skin.

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Bioplastics Market & Strategy Consulting – from Bioplastics Guide

EAI, the parent company of CastorOil.in, had been studying the bioplastics industry for the past few years and in the recent past we had the opportunity to look at the sector, in India and worldwide at close quarters.

Based on these, we have put together an exclusive team to provide strategic and market consulting for the global bioplastics industry.

If you are interested in the bioplastics sector and the opportunities it presents, see here to know how the Bioplastics Guide can help you get a strategic understanding of the bioplastics market.

Overview of Bioplastics – Classifications, Feedstock, Uses, End of Life Options – Bioplastics Guide

The Bioplastics Guide, which was started by EAI as a specialized division to provide strategy and market consulting for the bioplastics and biopolymers segments, has a useful section that provides an overview of bioplastics.

The following are the main topics discussed in this section:

  • Bioplastics and its classification
  • Feedstock used to make Bioplastics
  • Biodegradable plastics
  • Non-Biodegradable plastics
  • Bioplastics and its end-use segments
  • End-life options for bioplastics
  • Bioplastics – Markets and Trends
  • Standards and Certifications available for Bioplastics
  • Consulting for Bioplastics

Read more from this page @ Bioplastics Guide

Bioplastics Applications & Uses – Current, Emerging Markets – Bioplastics Guide

The Bioplastics Guide, an initiative by EAI, is a focussed consulting and market research division for the global bioplastics and biopolymers sectors.

The Guide has an interesting section that provides an overview of the end use segments and applications for bioplastics.

Get to know more about the current and emerging end use segments for bioplastics from this page @ the Bioplastics Guide.

Castor Seed Price Weekly Report: Oct 17 – 21, 2016

CastorOil.in brings you the weekly report of castor seed price at Bombay Commodities Exchange.

Check out the table and the graphical data.

A slight decrease in price of castor seed was observed at the end of this week.

Price Date Rupees Per Quintal
17 Oct 3775
18 Oct 3835
19 Oct 3855
20 Oct 3865
21 Oct 3810

Castor Seed Price Weekly Report: Oct 17 – 21, 2016

Source

Chemical Modification of Cellulose Fibres Using Castor Oil

Cellulose fibre reinforced composites are considered suitable alternative to plastic products due to the environmental problems caused by the latter. However, pure cellulose fibres have a high hydrophilicity. Moreover, the polar character of these fibres causes their low compatibility with partially or totally hydrophobic polymer matrices.castor oil polyurethane

Owing to the poor wettability and adsorbability towards polymers, the surface modification of the fibres surface is essential, in order to improve the fiber/polymer compatibility and their interfacial adhesion. Hence researchers from France conducted a study to improve the properties of cellulose fibres by modifying the cellulose fibres with trialkoxysilane from castor oil.

Characteristic studies were carried out for the modified cellulose-castor oil polyurethane composites. Results showed that compared with the crude cellulose fibres, the organosilane treatment reduced the hydrophilicity of the natural fibres and increased the fiber/matrix compatibility.

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New Castor Oil Based Green Plasticizer

Scientists from India performed esterification of furfuryl alcohol and castor oil fatty acid at 3:1 molar ratio, by immobilized Candida antarctica Lipase B in a solvent free system.castor-oil-800067 A maximum yield of ester was obtained. Performance of the FA-COFA ester plasticized Ethyl Cellulose (EC) films were evaluated by certain characteristic studies.

Results showed that the furfuryl alcohol-castor oil fatty acid ester with significant plasticizing property at a certain concentration could act as a substitute for traditional plasticizer dibutyl phthalate.

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