Bio-Polyamide, Specialty Polyamide and Precursors Market to Grow in the Coming Years

Undecanoic acid and sebacic acid derived from castor oil areamong the most dominant raw materials used in the production of bio based polyamide. Owing to the eco logical benefits, bio based polyamides are gaining acceptance and are anticipated to be the fastest growing product segment during the forecast period.Sebacic_acid_3D_ball

Asia Pacific dominates the global demand for bio-polyamide, specialty polyamide andprecursors and the trend is expected to continue during the forecast period.

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Rising Demand for Castor Oil & Derivatives in Cosmetic and Pharmaceutical Industries Driving the Growth of Global Castor Oil & Derivatives Market

Global castor oil & derivatives market is expected to grow at noteworthy CAGR over the forecast period to reach at notable revenue of USD 2.0 Billion by the end of 2021. The market is expected to expand on the back of a number of factors such as easy availability of castor seeds and growing demand for bio-degradable products. Furthermore, growing demand for castor oil for bio-diesel production is predicted to escalate the growth of global castor oil market in upcoming years. Additionally, India & Brazil are the major producers of castor oil.castor-oil-800067

The cosmetics and pharmaceutical industry segments by end user are likely to grow at 5.0% during the forecast period. Growing use of castor oil in preparation of soap and hair oil is a key factor which is estimated to spur the growth of these segments in upcoming years. Additionally, incredible health benefits of castor oil are major factors which are increasing the demand for castor oil and its derivatives in pharmaceutical industries.

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Sebacic Acid Market set to witness significant growth driven by widening application scope

Global Sebacic Acid Market is expected to witness prolific growth over the forecast period driven by increasing demand from end-use industries such as household, automotive, and aerospace.sebacic acid

Rising awareness regarding personal care & hygiene among consumers in regions such as Asia Pacific and Latin America is slated to positively impact market growth over the forecast period. The product finds wide application scope as a monomer for production of textiles, lubricants, candles, hydraulic fluids, and cosmetics.

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Castor seed futures down by Rs 12 per quintal

Castor seed prices were down by Rs 12 to Rs 4,593 per quintal in futures trading on Dec 6 on trimming of positions by speculators in line with subdued physical market trend.Castor-Oil-Seeds-Traders

Marketmen said the fall in castor seed prices in futures trade to reducing of positions following mounting stocks on increased arrivals amid muted demand from consuming industries in spot markets.

At the National Commodity and Derivative Exchange, castor seed for most-traded delivery in January moved down by Rs 12 or 0.26 percent to Rs 4,593 per quintal, depicting an open interest of 51,630 lots.

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Global Undecylenic Acid Market 2017 Key Players – ITOH Oil Chemicals Co. Ltd. ,Jayant Agro Organics ,Hokoku Corporation

Undecylenic acid is an unsaturated fatty acid obtained from castor oil by pyrolysis of riccinoleic acid.

Undecylenic acid is mainly used for the production of Nylon-11 and in the treatment of fungal infections of the skin, but it is also a precursor in the manufacture of many pharmaceuticals, personal hygiene products, cosmetics, and perfumes.undecylenic-acid

Geographically, the Undecylenic Acid market dominance over North America, Latin America, Europe, Asia-Pacific, Middle East & Africa, North America held the majority of the Undecylenic Acid market share in 2017. Rest of the World is likely to have a limited but steady growth in the Undecylenic Acid market.

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Global Ricinoleic Acid Market 2017 Key Players – TongliaoTongHua Castor Chemical Co. Ltd. ,NK Proteins ,Liaoyang Huaxing Chemical

Ricinoleic acid, formally called 12-hydroxy-9-cis-octadecenoic acid is a fatty acid. It is an unsaturated omega-9 fatty acid and a hydroxy acid. It is a major component of the seed oil obtained from mature Castor plant (Ricinus communis L.)ricinoleic-acid-61245

Geographically, the Ricinoleic Acid market dominance over North America, Latin America, Europe, Asia-Pacific, Middle East & Africa, North America held the majority of the Ricinoleic Acid market share in 2017. Rest of the World is likely to have a limited but steady growth in the Ricinoleic Acid market.

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Castorseed futures step up on spot cues

Castorseed prices marked higher by Rs 41 to Rs 4,622 per quintal in futures trading today after participants accumulated positions amid a firm trend at the physical markets.Castor-Oil-Seeds-Traders

At The National Commodity and Derivative Exchange, castorseed delivery for January contract climbed up by Rs 41 or 1.05 per cent to Rs 4,622 per quintal, with an open interest of 36,250 lots.

Also, the most-active contract to be delivered in current month advanced by Rs 39 or 0.86 per cent to Rs 4,566 per quintal, persisting an open interest in 55,580 lots.

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Castorseed futures step up on spot cues

Castorseed prices marked higher by Rs 41 to Rs 4,622 per quintal in futures trading after participants accumulated positions amid a firm trend at the physical markets.Castor-Oil-Seeds2

At The National Commodity and Derivative Exchange, castorseed delivery for January contract climbed up by Rs 41 or 1.05 per cent to Rs 4,622 per quintal, with an open interest of 36,250 lots.

Also, the most-active contract to be delivered in current month advanced by Rs 39 or 0.86 per cent to Rs 4,566 per quintal, persisting an open interest in 55,580 lots.

Source