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Castor oil can be defined as a vegetable oil that is hard pressed from castor beans. This oil appears colourless or pale-yellow liquid that has a peculiar taste and smell. The boiling point of castor oil is 313 °C (595 °F) and its density is 0.961 g/cm3. Castor oil consists of a blend of triglycerides that has about 90 percent of fatty acids are ricinoleates. Other important elements are oleic acid and linoleic acid.
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Castor oil and its byproducts are utilised in the production of soaps, lubricants, hydraulic and brake fluids, paints, dyes, coatings, inks, cold-resistant plastics, waxes, and polishes, nylon, and perfumes.
India is the leading exporter of castor oil accounting for 88.5 percent of castor oil seed production globally. The other main exporters are Ethiopia, Pakistan, Burma, and Kenya.
Key Details About the Castor Oil 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 Castor Oil 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 Castor Oil Price chart, including India Castor Oil price, USA Castor Oil 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 Castor Oil Price Trend:
Apart from being used for medicinal purposes for ages, castor oil at present is being used as an important resource in the production process of various commodities and is applied by key industries such as agriculture, food, textile, transportation, paper, lubricants, cosmetics, paints and among others. Castor oil is being used in the form of a highly renewable resource commercially for many years now in the chemical industry. This oil is predominantly utilised to cure constipation, skin conditions, infection, hair problems, swelling, inflammation, arthritis, etc. In addition, castor oil is known to an antioxidant and antibacterial element; and hence it is ideal for producing perfect skin and personal care commodities. Though castor oil can be consumed in a very slight quantity owing to its side effects on the body, it is very advantageous in the agriculture and food industry.
Key Players:
- Thai Castor Oil Industries Co., Ltd.
- Tongliao Tonghua Castor Chemical Co., Ltd.
- RPK Agrotech
- Adani Wilmar Ltd.
- Hokoku Corporation
- Taj Agro Products Limited
- N.K. Proteins Pvt., Limited
- Kanak Castor Products Pvt., Ltd.
- Liaoyang Huaxing Chemical Co., Ltd.
- Girnar Industries
- Jayant Agro Organics Limited
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We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most 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 tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
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