Castor Oil Exports at 13 Months High in April

Castor seed’s market under pressure may get some support from the increased export of castor oil from the country as the export has been recorded at the upper level of about 13 months during April.

According to the SEA officials, during April, 55, 557 tonnes of castor oil has been exported from the country, which is the highest monthly export since March 2016.

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

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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Castor Oil Derivative Market to Witness Comprehensive Growth by 2021

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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Global Sebacic Acid Market to Increase in the Coming Years

Over the past few years, there has been an increase in demand for sebacic acid particularly for applications such as textiles, cosmetics, households and others. Increasing demand for textiles has escalated the growth of sebacic acid.Sebacic_acid_3D_ball

China is the leading producer of sebacic acid and exports around 100,000 metric tons. Owing to this, Asia-Pacific is estimated to be the largest market for Sebacic acid followed by Europe and North America.

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Adani Wilmar Looks To Break India’s High-End Castor Oil Derivatives Jinx

India, the market leader in production and supply of castor seed and castor oil may soon capture a major share in castor derivatives market with companies like Adani Wilmar and Royal Castor Products engaging in second- and third-generation castor seed and castor oil derivatives production and exports.castor-oil-800067

According to industry experts, high technology cost has been the major reason for India in not capturing a large share of the global derivatives market. In the derivatives segment, there is a huge potential for India and focusing more on marketing also could help India shine in castor derivatives market.

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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

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Sebacic Acid Market Size to Exceed 130 Kilo Tons By 2023

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 Sebacic_acid_3D_ballacid 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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Global Castor Oil and Derivatives Market Expected to Increase by 2020

Castor oil and derivatives market has been growing at a good pace over the past few years on account of growing demand for bio-degradable products.

Recent market study has shown that increasing application scope of castor oil and derivatives in major end-use industries including pharmaceuticals, imagescosmetics & personal care, plastics & resins is expected to drive the castor oil market in future.

Shift in focus towards castor oil and derivatives due to stringent regulation from government boards such as EPA and PNGRB is also likely to create opportunity for market players.

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Castor Seed Price Weekly Report: May 09 – 13, 2016

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

Check out the table and the graphical data.

The closing price in the last week was Rs. 3250. This week, there was not much change in the price of castor seed. In general, the prices of castor seed had reduced this week, compared to last week.

Price Date Rupees Per Quintal
09 May 3240
10 May 3225
11 May 3215
12 May 3225
13 May 3240

Castor Seed Price Weekly Report: May 09 – 13, 2016

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