The,market,development,prospec business, insurance The market development prospects of castor oil
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Refined castor oil can be used in aircraft, ships, cars andhigh-precision lathes, as well as industrial raw materials produced spices,artificial leather and other products. In recent years, with the constantlyincreasing demand for castor oil in international market, prices are constantlyimproving. Processing castor oil has broad market prospects, and the economicbenefit is considerable. In addition, castor leaves, stems, castor meal, castorshell can be used for development and production of downstream products, whichnot only reduced the cost of production, but also greatly improved the overallefficiency of enterprises. Castor oil has been exploited in long time ago,but initially it only through simply processing, until the 1970s it can bewidely developed, due to the restrictions of natural environment, somecountries were underutilized castor oil's production and processingapplications. The United Statesis an important country of producing castor oil except the Asia. Functional groups in the molecular structure ofcastor oil determine that it can have a variety of chemical reactions toproduce numerous derivatives, and most of them are important fine chemicals,about 200 kinds of varieties, these high value-added products can be used invarious industrial fields. In the United States, their applicationassigned is: refined oil accounted for 48%, dehydrated oil accounted for 20%,sebacic acid production accounted for 30%, other applications accounted for 2%,the annual consumption of castor oil is about 80kt. Every year, Japanneeds to import 3kt, occupies 79% of the total amount, mainly used in coatings,hardened oil, sebacic acid, surfactants, cosmetics material and so on. Nylon-11 resin is the world's most popular product,which synthetized by using castor oil as raw material, widely used inautomobiles, ships, machine tools, construction, military, medical and otherindustries. In the past, China'sannual demand for nylon-11 resin is about 2,000 tons, to 2010 has reached 5,000tons. Produce 1 ton of nylon-11 resin requires about 3.5-4.5 tons of castoroil, 5,000 tons of nylon-11 resin requires about 23 thousand tons of castoroil. Couple with other aspects of the demand, China's annual consumption ofcastor oil was stabilized at 90,000 tons, but Chinese production was only50,000 tons, the market gap is about 40,000 tons. So it will provide a goodmarket space for Chinese castor oil production enterprises, also provides ahuge market space for the castor plant industry. Castor oil's molecular structure is containingcarboxyl group and unsaturated double bond, can produce a series of productswhich obtained from petroleum, so the castor has the name of "plantedpetroleum". According to reports, this technology is based on castor oilinsteads of petroleum as raw material, through castor oil extraction, catalytic cracking, molecular reorganization, greenchemical synthesis, reconcile and dozens of processes to produce"castor-based biodegradable common engine oil". This product has goodbiodegradability, excellent low temperature startability, high-temperatureresistant, long life, oil changes fewer and save fuel and othercharacteristics, enjoyed the "green oil" reputation. According toreports, calculated that a car driving 50,000km under normal conditions, compared thelubricant prepared by castor oil and petroleum, just a car can save more than2,000 yuan of fuel costs in each oil change period. ArticleSource:http://www.cosprm.com
The,market,development,prospec