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.

More

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.

Source

Impact of Existing and Emerging Castor Oil Derivatives Market Trends 2015-2025

Castor oil is one of the most multipurpose plant oils. After plant oils, castor oil is considered to be the most required oil. However, growing concerns pertaining to biofuels specially biodiesel and biopolymer across the globe is pushing castor oil to play a much larger role in the world economy.castor-oil-800067

Growth of major end-use industries (lubricants, cosmetics and pharmaceuticals) and increasing demand for sustainable products & biodegradable is anticipated to fuel the demand for castor oil derivatives market. Also regulatory support and rising prices of alternative renewable chemicals is expected to drive the global castor oil derivatives market.

However factors such as manufacturing cost is causing restraints for the castor oil derivatives market.

More

Origine by Diam Launched across Europe

Closure Company Diam Bouchage has unveiled a sustainable version of its Diam closure range in Europe. Named Origine, the technology uses food grade castor oil as the binding agent with microspheres produced from beeswax. The new Origine technology will be used to produce standard corks.diam

This new technology has been designed for producers looking for an option of higher OTR and those looking for sustainable options.

The new technology offers higher oxygen permeability, while providing the same structural guarantee when compared to the other products in the same range.

More

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.

Source

Castor Oil and Derivative Market: Revenue Predicted to Go Up by 2021

Recent market study has shown that revenue from castor oil and derivatives market could increase in the near future. Sebacic acid and dehydrated castor oil are among the major revenue generators in the global castor oil market. Large-scale adoption of sebacic acid in plasticizers, lubricants, cosmetics is catalysing its growth in the global market.Economy

In the end user application areas, cosmetics, pharmaceuticals, surface coatings, plastics and resin industry are the largest consumers of castor oil whereas the surface coatings industry is the fastest growing end-user for the castor oil.

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.

More

Global Castor Oil & Derivatives Market to Reach USD 2.3 Billion Soon

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.images

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.

More

Castor Oil Based Biothiol for Photoinitiator-Free UV Coatings

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).castor-oil-800067

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.

Source

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.

More

Wish to Purchase Castor Oil Derivatives from India?

Wish to Purchase Castor Oil Derivatives from India?

Talk to CastorOil.in

We help international companies source castor oil and derivatives from India

CastorOil.in provides quality assistance, especially for international companies, in procuring castor oil derivatives from high quality suppliers in India, who are also excellent in customer service and support.castor-oil-800067

  • We work with a number of vendors, all of whom have already been evaluated by us for their quality product and service. We can identify the best vendor for your requirement from those in our list.
  • Providing you authenticated details and background of the vendor for your analysis
  • Introducing the vendor and first stage coordination for vendor interactions
  • Assisting you with inputs and clarifications until you tie up with a vendor

Interested? Send a note to muthukrishnan@eai.in