CASTOR OIL RESIN MARKET

INTRODUCTION

 Ricinus communis seeds, which are grown in India, Brazil, South America, Russia, the United States, China, and Mexico, are used to make castor oil.

One of the only almost pure sources of natural glyceride is castor oil, also referred to as ricinum oil.  Additionally, a wide range of synthetic and natural resins, polymers, and waxes are compatible with castor oil.  

Dehydrated castor oil vehicle films that have been properly prepared and baked do not crease when exposed to gas fumes. Dehydrated castor oil is widely used in the creation of industrial resins and varnishes because of these qualities. Industrial paints also contain castor oil-based polyester as a binder.

CASTOR OIL RESIN MARKET SIZE AND FORECAST

The Global Castor oil resin market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

CASTOR OIL RESIN MARKET RECENT DEVELOPMENT

Through a ring-opening etherification reaction, a series of multifunctional castor oil-based epoxy resins, including castor oil-based non-glycidyl ether (CONGE), methoxy castor oil polyglycidyl ether (MOCOGE), and allyloxy castor oil polyglycidyl ether (AOCOGE), have been developed to expand the applications of E51, a popular type of bisphenol A epoxy resin.

The flexibility, toughness, and mechanical strength of E-51 were found to be significantly improved by the addition of epoxy resins based on castor oil during studies on its curing qualities. Worldwide researchers have just started using castor oil in epoxy resins. 

To create epoxy resin for a particular function, castor oil is the simplest and most straightforward way to modify epoxy resin. As an illustration, triethylamine was used as a catalyst in the reaction of castor oil and epoxy resin made of bisphenol A.

The substance was used as a coating with superior mechanical and chemical qualities. In order to create a powerful compatibilizer, combined ricinoleic acid with bisphenol A epoxy resin and then carried out an epoxidation. 

To increase asphalt's toughness, an epoxy resin and asphalt system was used. Another approach is to add an epoxy group to castor oil in order to create a castor oil-based epoxy resin. Epoxy castor oil, Al2O3, and CaCO3 nanoparticles were combined with bisphenol A epoxy resin by Park et al.

and the resulting composite material displayed heat resistance and fracture toughness. In order to improve the mechanical and thermal performance of phthalonitrile resins based on bisphenol-A, Liu and colleagues also looked into the usage of alumina nanoparticles or boron nitride as reinforcement.

CASTOR OIL RESIN MARKET COMPANY PROFILES

• Thomasnet
• Krishi Oils Ltd
• Arkema
• Chemarc
• Covalent Chemical

THIS CASTOR OIL RESIN MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Castor oil resin are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global Castor oil resin and key vendor selection criteria
3. Where is the Castor oil resin manufactured? What is the average margin per unit?
4. Market share of Global Castor oil resin market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global Castor oil resin in-house
6. key predictions for next 5 years in Global Castor oil resin market
7. Average B-2-B Castor oil resin market price in all segments
8. Latest trends in Castor oil resin market, by every market segment
9. The market size (both volume and value) of the Castor oil resin market in 2024-2030 and every year in between?
10. Production breakup of Castor oil resin market, by suppliers and their OEM relationship