Global Ricinoleic Acids Market Overview:
Growing concern over the Toxic effects of Synthetic Chemicals in the markets has brought a solution known as Ricinoleic acid. It is an excellent reactant acid which is mostly the part of castor oil. They are also used in the pharmaceutical industry for manufacturing contraceptive jellies. Ricinoleic acid has its essence in many cosmetic products like soaps, perfumes, lipsticks and others. It has a major constituent in electronics and telecommunication, dyes, greases, textile processing agents and more.
Market Drivers
- Increasing Concern over the Toxic Effects of Synthetic Chemicals
- Rising need for a Sustainable, Safe, and Eco-Friendly Economy and Products
- Growing demand from Major End-Users
Market Trend
- Growing Shift Toward Bio-Based Chemicals
- Increasing Demand from Cosmetic and Personal Care Product Segments
- Strategic Initiatives by Leading Vendors
Restraints
- Stringent Environmental Regulatory Agencies for Guidance on Acceptable Disposal Practices
Opportunities
- Rise and Investment in Ricinoleic Acid for Health Care Industries
- Major Scientific and Technological Advancement
Challenges
- Lack of Trained Healthcare Professionals and Stringent Approval Policies
- Lack of Consumer Awareness Regarding Ricinoleic Acid
Competitive Landscape:
Some of the key players profiled in the report are HOLIFA (Germany), J. M. Lube Chemicals (India), METLUB ENTERPRISES (India), Sankalp Organics (India), Song Ma Corporation (Vietnam), Royal Chem Industries (India), SUNDEEP PRODUCTS (India), Hokoku Corporation (Japan), TongliaoTongHua Castor Chemical Co. Ltd. (China) and Jayant Agro Organics (India). Additionally, following companies can also be profiled that are part of our coverage like NK Proteins (India), Liaoyang Huaxing Chemical Co., Ltd (China) and Thai Castor Oil Industries Co. Ltd. (Thailand). Analyst at AdvanceMarketAnalytics see Indian Vendors to retain maximum share of Global Ricinoleic Acids market by 2024. Considering Market by Form, the sub-segment i.e. Natural will boost the Ricinoleic Acids market.
The effects of castor oil are mediated by ricinoleic acid, PGE2 and EP receptors have been implicated in the regulation of intestinal and uterine functions (30, 34). Both Proc Natl Acad Sci USA 97:7260–7265.
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Ricinoleic Acids market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Ricinoleic Acids market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Ricinoleic Acid Manufacturer, Ricinoleic Acid Potential Investors, Ricinoleic Acid Importers and Exporters, Ricinoleic Acid Wholesalers and Retailers, Association and government bodies. and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.