Castor Oil Prices: Latest Price, Pricing, News, Market Analysis, Historical And Forecast, Database, Chart

 Castor oil is a vegetable oil obtained from the seeds of the African and Indian native castor plants. The oil contains a high concentration of triglycerides, notably ricinoleic acid, which provides distinct qualities and benefits. It is well-known for its numerous medical and commercial applications.

It has a thick viscosity, owing to which, it is suited for use as a lubricant and hydraulic fluid.

The density of castor oil is around 0.96 g/cm3. It is insoluble in water, but soluble in a variety of organic solvents such as ethanol, methanol, and chloroform.

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Castor oil has a boiling point of roughly 313°C (595°F), which is fairly high when compared to many other oils. As a result, it can be used at high temperatures.

It is pale yellow in colour and has a peculiar odour that has been characterised as slightly nutty or musky.

The top castor oil-producing countries across the globe are India, China, Brazil, Thailand, and the Philippines.

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:

Castor oil is utilised as a lubricant in a variety of industrial applications, including aviation and automotive lubricants, as well as machinery and equipment manufacture.

It is used to make polymers and resins such as nylon and polyester. It can also be used to change the qualities of certain materials, such as toughness and flexibility.

It is used in the production of textiles such as cotton and wool. It can be used as a finishing agent to increase the fabric's strength and durability.

It's utilised in the production of adhesives and sealants. It can be employed as a binder or a plasticizer to improve the adhesive's flexibility and durability.

Castor oil can be used as a feedstock for biodiesel production. It is a renewable energy source with a high energy content.

It is used in the production of a variety of cosmetic items such as soaps, shampoos, and lotions. Because of its propensity to enter the skin, it can be used as a moisturiser and emollient.

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
• Gokul Agri International Ltd.
• BOM Brasil Oleo de Mamona Ltda

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