Author Archives: Gayathri

Undecylenic Acid Market to grow at over 5.8% CAGR by 2023

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Global undecylenic market was worth over US$ 310 million in 2015 and is expected to reach more than US$ 520 million in 2023, growing at a CAGR of 5.8%.

Increasing pharmaceutical applications coupled with growing consumer awareness for biobased products is expected to drive the undecylenic acid market.Undecylenic_acid

In the castor oil market, India dominated the castor oil production and accounts for over 60% of the total volume with over 900 kilo tons of capacity. China and Brazil account close to 20% & 10% respectively of the total production volume.

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Durable Commercial Flooring Made From Natural Materials

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In 2014, Mats Inc. partnered with Windmöller Flooring Products to deliver an entirely new class of product. That collection is wineo® PURline, an innovative collection of botanol flooring produced with 90% rapidly renewable and natural raw materials.mats inc

Wineo PURline is botanol, a plant-based material that’s both odorless and emission-free. Its ingredients—canola oil from rappa seed, castor oil from castor seed, and chalk—are molecularly transformed to create an eco-friendly polyurethane that serves as a durable nonporous floor covering.

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Global Bio-based Polyurethane Market to grow at a CAGR of 6.75%

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Global bio-based polyurethane market is expected to grow at a CAGR of 6.75% during 2016-2020. Among many natural oils, castor oil is primarily used for producing natural oil polyols due to the availability of ready hydroxyl group unlike other oils that require the introduction of hydroxyl group by other procedures.castor oil polyurethane

Apart from adipic acid, bio-based succinic acid and 1,4 butanediol can be combined with the required isocyanates to produce polyurethanes with up to 70% bio content.

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Zeal Optics Debuts Ultralight New “Z-Lite” Frames

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Zeal Optics has launched two new ellume polarized styles marking the debut of Z-Lite, a new level of lightness in eco-friendly eyewear.zeal optics

Z-Lite uses Zeal’s proprietary plant based Z-resin which is crafted into light, durable and stylish frames through a revolutionary “thin injection process”.

Z-Lite, a derivative of ZEAL’s plant based Z-Resin, comes from the castor bean plant. This material replaces traditional petroleum-based plastics in the manufacturing process and significantly reduces the amount of CO2 produced.

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Bio-Fed Makes Castor Call

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Bioplastics marketer Bio-Fed has launched its M-VERA ECS series made from castor. The company, a subsidiary of Akro has turned to bio oil from castor seeds.bio-fed

This decision has been made owing to fluctuations in oil price, to reduce energy consumption and improve their carbon footprint.

Unlike the previous products in M-Vera line, ECS products are partially biobased but not biodegradable.

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Castor Seed Futures Slip Rs 115 per Quintal

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Castor seed futures reduced by Rs. 115 per quintal at the beginning of this week. This was due to shortening of holdings by the traders in view of lower physical markets.Castor-Oil-Seeds-Traders

At the National Commodity and Derivatives Exchange platform, castor seed delivery for May plummeted by Rs 115, or 2.58 per cent, to Rs 4,350 per quintal, with an open interest of 27,400 lots.

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Castor Seed Price Weekly Report: Apr 18 – 21, 2017

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

Check out the table and the graphical data.

Last week, the prices of castor seeds decreased at the end of the week and was Rs. 4865/quintal.

This week, the market showed an increase in price throughout the week.

Price Date Rupees Per Quintal
18 Apr 4575
19 Apr 4600
20 Apr 4700
21 Apr 4875

castor seed prices - Apr 18 to 21, 2017

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Castor Oil Derivative Market to Witness Comprehensive Growth by 2021

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Among the various castor oil derivatives, sebacic acid and dehydrated castor oil are one of the major revenue generators in the global castor oil market. Large scale adoption of sebacic acid in plasticizers, cosmetics, lubricants is catalysing its growth in the castor derivatives market.sebacic acid

Asia Pacific is the largest consumer of castor oil and is expected to retain the higher growth rate during the next few years due to strong growth in surface coatings, pharmaceuticals, and cosmetics industry.

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Castor Seed Futures down Rs 67 per Quintal

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Castor seed prices decreased by Rs. 67 to Rs. 4319 per quintal in futures trade as participants liquidated holdings pressurized by weak domestic spot.Castor-Oil-Seeds-Traders

At the National Commodity and Derivative Exchange, castor seed for delivery this month contract dipped by Rs 67 or 1.53 per cent to Rs 4,319 per quintal, clocking an open interest of 42,530 lots.

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