Ricinoleic acid (C18H34O3) is a chemical compound made up of long-chained hydroxy acid that is unsaturated in nature. It is a yellow compound that is a viscous and oily liquid and is insoluble in water. However, the compound is soluble in chemical solvents such as chloroform, ether, acetone, and ethanol. It is a product derived from castor oil, which is used in various commercial activities on a large scale. The boiling and melting points of the acid compound are measured at around 246° C and 5.5° C, respectively. The compound is mainly associated with the textile, paint, and petroleum industries.
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The key importing countries for Ricinoleic acid are the United States, the Netherlands, and South Korea. On the other hand, India, Oman, and the United States.
Key Details About the Ricinoleic acid Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Ricinoleic acid price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Ricinoleic acid Price trend, including India Ricinoleic acid price, USA Ricinoleic acid price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Ricinoleic acid Price Trend:
Ricinoleic acid is an oily viscous chemical compound with several wide applications all over the industry. It is mainly associated with the paint, textile, and petroleum industries. It is used to manufacture printing inks that enhance the printed outputs with extra clarity and appearance. In the agricultural industry, Ricinoleic acid is used to manufacture turkey red oil, which is used as an organic manure to support soil minerals and helps plants grow. The compound also manufactures plastics, textiles, pigments, lubricants, and coating materials.
Additionally, Ricinoleic acid is used in manufacturing various skincare and body care products, mainly deodorants and perfumes. It is an additive in formulating products such as surfactants, cleansers, etc. The acid compound is used in the cosmetics and polymers industries as well.
Key Players:
- Royal Castor Products Limited
- Arvalli Castor Derivatives Pvt Ltd.
- NK Industries Ltd.
- Oil Base India
- Amee Castor & Derivatives Ltd
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