Ricinoleic Acid Price Trend and Forecast

Regional Price Overview

Get comprehensive insights into the Ricinoleic Acid market, with a focused analysis of the Ricinoleic Acid price trend across Asia, Europe, North America, Latin America, and the Middle East & Africa.

Ricinoleic Acid Price Trend for Second Half of 2023

Ricinoleic acid has widespread usage in various industries, such as cosmetics, pharmaceuticals, lubricants, and personal care products, which fuels its market demand.

Ricinoleic Acid Price Chart

Ricinoleic Acid Price Trends


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The versatility of ricinoleic acid as a natural emulsifier, moisturizer, and surfactant further expands its employability in the industries. Additionally, growing consumer preference for organic and natural ingredients further boosts its market prospects. Moreover, ongoing research and development activities aimed at exploring new applications and improving production processes continue to shape the ricinoleic Acid market landscape.

The rise in the awareness of cosmetics and personal care products in the H2 of 2023 marked a positive influence on the prices of ricinoleic acid. However, the market dynamics fumbled slightly with the loss of trading activities due to the prevalence of the Israel-Hamas war and rising impositions by the European countries on Russian imports. Additionally, in Asian countries, the capping of prices of pharmaceutical medicines during the third-fourth quarter limited the growth trajectory of these companies and the price trend of ricinoleic acid.

Analyst Insight

According to Procurement Resource, the price trend of Ricinoleic Acid is estimated to showcase the variations observed in its downstream pharmaceutical and cosmetic industries.

Procurement Resource provides latest prices of Ricinoleic Acid. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

Platform Sample

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About

Ricinoleic Acid is also known as a (9Z, 12R)-12-hydroxyoctadec-9-enoic acid in which the 12-hydroxy group has R-configuration. It is also a conjugate acid of a ricinoleate and a fatty acid. It is basically known as an unsaturated omega-9 fatty acid and a hydroxy acid. It is a significant component of the seed oil obtained from mature Castor plant.

Product Details

Report Features Details
Product Name Ricinoleic Acid
Industrial Uses Chemical synthesis, Coatings, Plastics, Inks, Cosmetics
Chemical Formula C18H34O3
Synonyms 141-22-0, (R, Z)-12-Hydroxyoctadec-9-enoic acid, Ricinic acid
Molecular Weight 298.5 g/mol
Supplier Database Royal Castor Products Limited, Arvalli Castor Derivatives Pvt Ltd., NK Industries Ltd., Oil Base India, Amee Castor & Derivatives Ltd
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Process

  • Production of Ricinoleic Acid via Hydrolysis Process

One of the simplest methods for obtaining Ricinoleic Acid is via the hydrolysis of castor oil. After this, Ricinoleic Acid is finally removed from hydrolysed castor oil by successive addition of urea (i.e., urea complexing).

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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