Introduction:
Sulfated
Castor oil, also known as sulfonated castor oil or Turkey red oil, is
one of the derivatives of castor oil which is being extracted from
the non-edible seeds of the castor plant. This plant is commercially
cultivated for its seed oil which finds multiple applications in
chemical industry and other industrial sectors. Castor plant is a
native from the tropical belt of both India and Africa. India is
among the leading exporters of Caster seeds globally. Castor seed
contains around 48 to 50 percent of oil by weight. The sulfated
castor oil is being processed out traditionally from the castor oil
by adding concentrated sulfuric acid at a monitored rate over a
period of several hours with regular cooling and agitation at a
controlled temperature. Later the solution mass is being washed and
neutralized by using an alkali solution or an amine.
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Sulfated
Castor Oil Market Segmentation
Sulfated
Castor Oil market is segmented on the basis of application, end-use,
and region. On the basis of application, it is segmented as
lubricants products, pharmaceuticals, textile industry, agriculture,
personal care products, paper industry, and other industrial
products. Owing to the prolonged utilization of sulfated castor oil
the application of sulfated castor oil in lubricants products, in
paints inks, and softeners accounts for a higher market share.
On
the basis of end-use sulfated castor oil market is segmented as;
synthetic detergent, surfactant, organic manure, defoaming agent, and
emulsifier. Being the first synthetic detergent after ordinary soap
the end use of sulfated castor oil in personal care and toiletries
products such as shampoo and bath oil accounted for a higher market
share. This followed by the utilization of sulfated castor oil as a
surfactant in textile dyeing and as a defoaming agent in the paper
industry.
On
the basis of the region the sulfated castor oil is segmented into
Asia Pacific, North America, Latin America, Europe, Middle East and
Africa, and Japan. The sulfated castor oil is a processed derivative
of castor oil and sourced from castor crop oilseeds which are majorly
cultivated in the parts of Asia Pacific, Africa, and Latin America
making these regions as the prominent export market for sulfated
castor oil.
Sulfated
Castor Oil market Global Market Trends and Market Drivers:
The
global sulfated castor oil market is at a dynamic evolution stage
owing to the shift industries from petrochemical resources. The
rising shift of consumers towards bio-based chemicals which is
attributed to the fluctuating prices of petrochemicals and rising
demand of sustainable and bio-degradable plant-based chemical
products is driving the growth of global sulfated castor oil market.
Furthermore, rising regulatory restrictions due to the overuse of
conventional sources and petrochemicals coupled with increased level
of industrial hazards related with these conventional sources are
shifting the consumer preferences towards plant-based chemicals. This
is also driving the sulfated castor oil market by creating new
opportunities in the global market. However, the unnaturalized
cultivation of castor crop globally and existing gap between global
demand and supply owing to the rising application of plant-based
chemicals along with the availability of other plant-based
biodegradable chemicals restricts the growth of sulfated castor oil
market.
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Sulfated
Castor Oil Market Key Players:
Variety
of sulfated castor oil products with multiple formulations and
diversified uses have been introduced by the manufacturers and some
of the global market players manufacturing sulfated castor oil
products in the market include; Vertellus Holding LLC, Paramount Dye
Chem industries, Royal Castor Products Limited, Shiv Shakti Trading
India Corporation and Kevya chem are among other players.
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