Ricinoleic Acid Market Size, Share & Industry Analysis, By Type (Optimal Grade, Industrial-Grade), By Application (Lubricants & Greases, Cosmetics & Personal Care, Metalworking, Surfactants, Leather, Others) and regional Forecast, 2024-2032

Region :Global | Report ID: FBI103714 | Status : Ongoing

KEY INDUSTRY INSIGHTS

Ricinoleic acid is also called 12-hydroxy-9-cis-octadecenoic acid, and is a light shaded, yellowish color viscous liquid, an unsaturated omega-9 fatty acid. It is produced from the hydrolysis of castor oil. It serves as a substrate for the production of conjugated linoleic acids. Additionally, ricinoleic acid is a safe product and also non-toxic. It is used as an excellent reactant for the synthesis of various derivatives such as undecylenic acid, sebacic acid, hydroxy stearic acid (HSA), and methyl ricinoleate. It finds application in the lubricants & grease, cosmetics & personal care, surfactants, pharmaceutical, and leather applications.

The rising demand for ricinoleic acid in the cosmetics and leather applications will fuel the market growth during the forecast timeline. Ricinoleic acid has strong antibacterial properties hence, it is mostly used in various cosmetics products such as lotions, oil, and soaps. Furthermore, ricinoleic acid is also used for the treatment of leather. It offers good wetting, softness, and flexible properties to leather. These factors will fuel the growth in the ricinoleic acid market.

However, the excess consumption of ricinoleic acid leads to cause skin irritation. This further reduces its adoption in various applications and anticipated to hamper the market growth.

Key Market Driver -

The rising demand for ricinoleic acid in the cosmetics and leather applications to drive the market growth

Key Market Restraint -

Excess consumption of ricinoleic acid leads to restrict the market growth

Market Segmentation:

Based on type, the ricinoleic acid market is segmented into optimal grade and industrial-grade. Based on application, the market is segmented into lubricants & greases, cosmetics & personal care, metalworking, surfactants, leather, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Key Players Covered:

The key players in the ricinoleic acid market include Tokyo Chemical Industry Co. Ltd., UNIVAR SOLUTIONS, Fisher Scientific, Acme-Hardesty Company, JAYANT AGRO-ORGANICS LIMITED, Gokul Agro Resource, NK Industries,Parchem fine & specialty chemicals., Biomol GmbH, Cayman Chemical, and acme synthetic chemicals.

Key Insights

Key Emerging Trends – For Major Countries

Key Developments: Mergers, Acquisition, Partnership, etc.

Latest Technological Advancement

Insights on Regulatory Scenarios

Porters Five Forces Analysis

Regional Analysis:

Asia Pacific is anticipated to witness the highest growth in the ricinoleic acid market. The growth is attributed to the rising adoption of the product in the cosmetics & personal care application. In which China and India are the leading countries. The rising demand for the ricinoleic acid from lubricants & greases will fuel the market growth in Europe. In North America, the growth is due to the rising demand for the product from the leather application. The Middle East & Africa and Latin America are anticipated to witness significant growth, owing to the rising demand for the product from metal working and lubricant & greases applications.

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Segmentation

ATTRIBUTE	DETAILS
By Type	Optimal Grade Industrial-Grade
By Application	Lubricants & Greases Cosmetics & Personal Care Metalworking Surfactants Leather Others
By Geography	North America (U.S. and Canada) Europe (UK, Germany, France, Italy, Spain, and Rest of Europe) Asia Pacific (Japan, China, Taiwan, India, South Korea, Southeast Asia, and Rest of Asia Pacific) Latin America (Brazil, Mexico, and Rest of Latin America) Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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