The global castor oil and derivatives market is expected to experience a hike in growth during the forecast period 2016-2024. Drivers such as growing demand from the end-use industries such as cosmetics, lubricants, and pharmaceuticals and the growing demand for the products that are biodegradable and sustainable, owing to the reduced petrochemicals dependence could be responsible for the growth of this industry.
The region that dominated the castor oil derivatives market is Asia Pacific. The dominance in the global castor oil derivatives market is going to be continued in the coming years. The emerging nation, India accounted for the major production of castor oil derivatives globally. India is followed by other developing nations such as Brazil and China.
A first-of-its-kind Sebacic acid production plant is planned to be built in Duqm Special Economic Zone with an investment of $62.7 million and the chairman of the Special Economic Zone Authority at Duqm (SEZAD) and the representatives of Sebacic Acid Oman Company have signed an agreement.
The plant will be spread over 400,000 square meters of land and will be the first-of-its-kind in the Middle East.
Arkema has launched a new biosourced polyamide 6.10 range called Rilan S, partially processed from castor oil. The polyamide has been manufactured at Arkema’s Zhangjiagang facility in China
Rilan S is an alternative to long-chain polyamides and PA6/PA6.6; it closes the gap between long-chain polyamides and PA6/PA6.6. The various Rilan S grades already available find applications in the field of transport, sports and electronics.
Scientists from China prepared waterborne castor oil -based polyurethane –silica hybrid materials with chemically bonded polymer matrix and silica nanoparticles. The formation of the cross-linking structures in the polyurethane system was confirmed by FTIR.
The results showed that the nano-silica in the polyurethane matrix improved both hydrophobicity and thermal stability of the resulting hybrid polyurethane films. Thus this process can help in the design of bio-based hydrophobic waterborne polyurethane films with favourable thermal stability and optical transmittance.
Castor oil manufacturing is similar to that of other oil seeds and hence it can be manufactured by utilizing the existing equipments that are locally available. The castor seeds contain about 48 – 50% oil by weight. After extraction, the oil can be further processed to get a number of derivatives which can be used in various industrial applications. The average seed yields range from 900 – 1000 kg/ha under irrigation.
India is the leading producer of castor seeds followed by China. Fuerst Day Lawson is pioneering in castor oil supply in Europe, with over 40 years’ experience buying directly from the producers of India, China and Brazil.
Castor oil, is not only as a lubricant, but also play a vital role in the polymer industry as it is gives polyamide-nylon 11.
The global market for generation II castor oil derivatives is estimated at about $300 million. Some of the high yielding varieties of castor oil in India are NPH-1 (Aruna), GAUCH-4 and TMVCH.
Know more from Comprehensive Castor Oil Report
Chemical company Radici Chimica SPA of Novara, Italy, has developed a polymer partially manufactured from sebacic acid, a biological source obtained from castor oil seeds. Its sister company, Radici Yarn, recently introduced a new nylon yarn, Radilon 6.10, made of the renewable source polymer, giving the yarn a high degree of sustainability and performance. The yarn offers fabric applications a number of other advantages, such as comfort, light weight, less water absorption and colorfastness.
Read More – http://specialtyfabricsreview.com/articles/0813_sw13_nylon_seeds.html
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According to the European Bioplastics Association, the global capacity of biodegradable plastics increased from 514,000 t/a in 2011 to 637,000 t/a in 2012, a increase of 28.39%. It is estimated that the global production capacity of biodegradable plastic will reach 776,000 t/a in 2013 and may reach 1,646,000 t/a by 2016. Meanwhile, the market demand for biodegradable plastics rises year by year and its growth rate is always seen higher than that of the production capacity.
Sources quote three main reasons from this rapid development of biodegradable plastic market:
1. Considerable increase in the amount of biodegradable plastics used in the general products.
2. The application scope of biodegradable plastics expanded from general products to durable products.
3. Using non-grain raw materials to produce biodegradable plastics
Read More: http://eshare.cnchemicals.com/publishing/home/2013/08/01/473/latest-development-trend-of-biodegradable-plastics.html
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