During the first quarter of 2025, Ricinoleic Acid prices showed a weakening trend across key markets, mainly influenced by ample castor oil availability and sluggish downstream demand. In North America, prices started steady in January but declined by March due to reduced industrial consumption and increasing competition from alternative vegetable oils like soybean and palm oil.
Asia-Pacific faced bearish conditions early on, with weak export orders and post-holiday demand recovery falling short, causing continued price pressure. Europe initially saw a price rebound in January due to weather-related supply concerns and strong industrial buying, but this was followed by a correction as logistical bottlenecks eased and buyer activity slowed.
Moving into the second quarter, Ricinoleic Acid markets remained under strain. Supply chains stayed robust due to healthy castor seed production, while downstream sectors like pharmaceuticals, cosmetics, and specialty chemicals did not show significant demand growth. Asia-Pacific continued to struggle with oversupply and aggressive regional competition, further dampening export prices. In Europe and North America, stable imports and availability kept prices from recovering, while macroeconomic uncertainties discouraged large-scale procurement.
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The price of ricinoleic acid in 2024 was closely tied to fluctuations in the cost of its primary feedstock, castor oil. Throughout the year, raw material costs experienced significant variations, primarily due to production and logistical challenges. The year began on a stable note, with prices remaining within a narrow range. However, in the early second quarter, ricinoleic acid prices declined as upstream market costs fell, leading to lower production expenses. This stability was short-lived; by the end of the first half, prices began to rise due to supply chain disruptions and increased demand from various industries.
The latter half of the year saw even more pronounced price increases. Castor oil prices peaked, creating a direct ripple effect on ricinoleic acid costs. Supply constraints were further exacerbated by unpredictable weather patterns in key castor bean-producing regions, contributing to rising raw material expenses. With these fluctuations, manufacturers had to adjust their strategies accordingly. However, towards the end of the year, ricinoleic acid prices declined due to seasonal slowdowns and reduced demand from downstream sectors. Despite this late-year dip, year-end prices remained higher than mid-year levels.
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.
C18H34O3
Chemical Synthesis, Coatings, Plastics, Inks, Cosmetics
(R, Z)-12-Hydroxyoctadec-9-enoic Acid, Ricinic Acid
Royal Castor Products Limited, Arvalli Castor Derivatives Pvt Ltd., NK Industries Ltd., Oil Base India, Amee Castor & Derivatives Ltd
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-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.
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).
Prakhar Panchbhaiya
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