Procurement Resource Evaluates the Price Trends of Ricinoleic Acid in its Latest Insights and Dashboard
Price Trends of Ricinoleic Acid in its Latest Insights and Dashboard
Procurement Resource does an in-depth analysis of the market 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; customisation of price currencies and units and downloading of price information as excel files that can be used offline. The pricing database and analysis of Ricinoleic Acid can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
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Product Description:
Another name for ricinoleic acid is (9Z, 12R)-12-hydroxyoctadec-9-enoic acid, where R represents the configuration of the 12-hydroxy group. Additionally, it is a ricinoleate and fatty acid conjugate acid. In essence, it is referred to as a hydroxy acid and an unsaturated omega-9 fatty acid. It makes up a sizeable portion of the seed oil made from mature Castor plants.
Regions Covered to Evaluate Ricinoleic Acid Price Trend:
- North America
- South America
- Europe
- The Asia Pacific
- The Middle East
- Africa
Industrial Uses Impacting Ricinoleic Acid Price Trend:
The anticipated period of time will see the market develop as a result of the increasing demand for ricinoleic acid in leather and cosmetics applications.
Due to its potent antibacterial qualities, ricinoleic acid is frequently utilised in cosmetic items including lotions, oils, and soaps. Additionally, leather is also treated with ricinoleic acid. It gives leather good wetness, suppleness, and flexibility qualities. These elements will stimulate the market for ricinoleic acid to increase. Ricinoleic acid is a safe and non-toxic substance as well. The production of many derivatives, including undecylenic acid, sebacic acid, hydroxy stearic acid (HSA), and methyl ricinoleate, uses it as a good reactant. Applications for it include lubricants and grease, personal care products, surfactants, pharmaceuticals, and leather.
Key Market Players:
- Royal Castor Products Limited
- Arvalli Castor Derivatives Pvt Ltd.
- NK Industries Ltd.
- Oil Base India
- Amee Castor & Derivatives Ltd
News and Events:
- Adaniwilmar.com – The business sells ricinoleic acid used in the coating of textiles, inks, the production of soap, the treatment of fungal skin problems, and the finishing of leather.
- Adaniwilmar.com – The business sells ricinoleic acid that contains bleached acids, hydroxy steric acid, and hydrogenated castor oil.
About Us:
Procurement Resource is Claight’s subscription-based SaaS platform providing in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent. We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data. To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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