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.
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.
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%.
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.
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.
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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:
Read more from this page @ Bioplastics Guide
The Bioplastics Guide, an initiative by EAI, is a focussed consulting and market research division for the global bioplastics and biopolymers sectors.
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Get to know more about the current and emerging end use segments for bioplastics from this page @ the Bioplastics Guide.
Researchers performed an experiment to synthesize castor oil based biothiols with good stability for use in photoinitiator free UV coatings. Castor oil based biothiols were synthesized via esterification reaction between castor oil (CO) and 3-mercaptopropionic acid (MPA).
Characterization studies showed that the targeted oligomer was successfully prepared. Finally, the UV-curable films of CO-SH also showed good physical and chemical properties.
The Special Economic Zone in a’ Duqm (SEZD) celebrated the laying of the foundation stone for OMR24 million Sebacic Oman Refinery Company for the production of Sebacic acid which is the first project of its kind in the Middle East.
The project will be built on a land area of about 400,000 square meters to produce the Sebacic acid, which is extracted from castor oil and enters in many of the chemical industry, manufacturers of plastics and medicines.
Ricinoleic acid, derived from castor oil has an anti-inflammatory action following topical application. However ricinoleic acid goes rancid when it is exposed to oxygen. 
Hence scientists from Egypt performed an experiment to encapsulate ricinoleic acid into ethyl cellulose (EC) electrospun fibres. Electrospinning parameters of EC were optimized to obtain bead-free fibres.
RA at different concentrations was encapsulated into EC fibres. Release profile was reported and encapsulation was demonstrated via morphological analysis.
Sebacic acid size was estimated over 100 kilo tons in 2014 and is likely to exceed 130 kilo tons by 2023. Polyamide application witnessed the highest sebacic acid market consumption in 2014 and is likely to gain steady rates over the forecast period.
Shift in trend towards manufacturing biobased polymers from renewable sources is a key driver for the growth of sebacic acid market. Sebacic acid is used in wide applications such as cosmetics, plasticizers, biopolyamides production etc.
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