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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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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Recent research shows production of jet fuel from ricinoleic acid methyl ester.
Experiments conducted earlier have shown the possibility of producing jet fuel from castor oil or hydro processing castor oil.
Now scientists from China have found that jet fuel could be produced from castor oil derived ricinoleic acid methyl ester. A unique hydroxyl group in the ricinoleic acid chain induced a special thermal rearrangement reaction in medium chain fatty acid methyl ester (FAME) and heptanal formation. This reaction was used as a starting point for the production of jet fuel.
Results showed that the carbon selectivity in the castor oil to jet fuel process was as high as 90%.