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Castor Oil-Based Biopolymer Market to reach over USD 3140.03 million by the year 2031   – Exclusive Report by InsightAce Analytic InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the  “ Global Castor Oil-Based Biopolymer Market  Size, Share & Trends Read more:  Click here

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According to the report by Expert Market Research (EMR), the global castor oil market grew substantially in 2023. Aided by the escalating demand for sustainable and biodegradable products and the versatile applications of castor oil across diverse industries, the market is projected to further grow at a CAGR of 3.4% between 2024 and 2032. Click here to continue reading

Vegetable oil known as castor oil is derived from the castor bean plant, a flowering plant that grows widely in the world’s east.1 The castor bean plant’s seeds are cold-pressed to produce the oil.2.  Rich in ricinoleic acid, a fatty acid type with pain-relieving, antioxidant, and anti-inflammatory qualities, is castor oil. For thousands of years, castor oil has been used as a natural medicine. Castor oil was used to treat constipation and dry eyes in ancient Egypt. Castor oil has been used in Ayurvedic medicine, an Indian holistic medical system, to treat skin ailments and relieve arthritis pain. Castor oil is still used today in the manufacturing, pharmaceutical, and medical sectors.  Numerous soaps, cosmetics, and hair products contain it. click here to continue reading

The economic impact of castor oil production in Africa, particularly in Nigeria, is significant.  Here are some key points: Environmental and Economic Assessment : A study on the environmental and economic assessment of the castor oil supply chain highlighted the potential of castor oil as a good candidate for future investments due to its resistance to pests, tolerance to drought, and suitability for marginal lands cultivation .  The study also discussed the economic feasibility of producing castor oil from different castor hybrids, comparing various by-products management scenarios and harvesting systems . Nigeria’s Import Substitution: Nigeria aims to reduce its imports of over $150 million worth of bleached castor oil and its derivatives annually by substituting local production3. This move is expected to stimulate sectors such as cosmetics, pharmaceuticals, and paint manufacturing, among others. Global Market Impact: The global castor oil market size is projec...

The castor oil market in Africa is experiencing growth, driven by its increasing demand in various industrial applications.  Here are some insights into the market: South Africa: The retail price range for castor oil in South Africa is between US$ 13 and US$ 24 per kilogram, or between US$ 5.9 and US$ 10.88 per pound.  The wholesale price range for 2023 is estimated to be between US$ 9.8 and US$ 16.8 per kilogram. The export price of castor oil from South Africa has been predicted to be around US$ 4.50 per kilogram for 2023. Global Market: The global castor oil market size is projected to reach USD 2.84 billion by 2027, growing at a CAGR of 4.3% from 2020 to 2027.  Nigeria, being part of the African continent, has the opportunity to tap into this growing market by increasing its production and export of castor oil. Market Drivers: The demand for castor oil is being driven by its utilization in biodiesel feedstock, as well as in paints, soaps, lubricants, and other sectors...

Castor oil is indeed considered a sustainable feedstock for biodiesel production.  The  Ricinus communis L.  plant, from which castor oil is derived, is known for its high oil content in seeds, which can range from  30 to 60% . This makes it a potential candidate for mass production of biodiesel. Recent studies have shown that using  castor bean lipase extract (CBLE)  as a catalyst can achieve a biodiesel yield of  82.91%  under certain conditions . Read more? Click here You can learn more by clicking on the above links☝️

Syndicated Analytics' latest report titled "Ethoxylated Castor Oil Manufacturing Plant Project Report 2024: Industry Analysis (Market Performance, Segments, Price Analysis, Outlook), Detailed Process Flow (Product Overview, Unit Operations, Raw Materials, Quality Assurance), Requirements and Cost ( Machinery, Raw Materials, Packaging, Transportation, Utility, Human Resource), Project Economics (Capital Investments, Operating Costs, Profit Projections, Financial Analysis, Revenue), and Investment Opportunities" covers all the aspects including industry performance, key success, and risk factors, manufacturing requirements, project costs, and economics, expected returns on investment, profit margins, etc. required for setting up a ethoxylated castor oil manufacturing plant.... click here to continue reading

To date, the most advanced projects of this kind include   Kenya,  where about 70% of the population works in agriculture in a socio-economic context where small farmers have little access to the market. The projects that have been launched there also aim to support local farmers by generating income from agriculture and by promoting more efficient farming methods and the regeneration of degraded land to be used to grow crops for bio-refining.  click here to continue reading  

The  Castor  report is an in-depth examination of the global Castor’s general consumption structure, development trends, sales techniques, and top nations’ sales. The research looks at well-known providers in the global Castor industry, as well as market segmentation, competition, and the macroeconomic climate. click here to continue reading