Global Castor Oil and Derivatives Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
MarketResearch.biz delivers in-depth insights on the global castor oil and derivatives market in its upcoming report titled, “Global Castor Oil and Derivatives Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global castor oil and derivatives market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The castor oil and derivatives market report has been segmented on the basis of product type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Castor oil is the plant oil obtained by pressing the seed of the castor oil plant. It is used in many industries such as cosmetics, lubricants, paints, food, pharmaceuticals, electronics & telecommunications, agriculture, plastics and rubber, inks & adhesives, perfumeries, and textile chemicals
On the basis of product type, the sebacic acid segment is expected to hold major revenue share in the global castor oil and derivatives market. Extensive application of sebacic acid as lubricants, plasticizers, and corrosion retardants in various end-use industries is projected to support the revenue growth of the segment.
On the basis of application, the pharmaceuticals and cosmetics segment is estimated to hold major revenue share in the global castor oil and derivatives market and is expected to maintain its dominance over the forecast period. Development of personal care and pharmaceutical market in developing economies of the Asia Pacific and Latin America is anticipated to augment segment growth over the forecast period.
Asia Pacific market is estimated to hold major revenue share in the global castor oil and derivatives market, in 2017 and is expected to maintain its dominance over the forecast period. Growing end-use industries such as personal care, lubricants, and lubricants in the region are expected to be a major factor driving Asia pacific castor oil and derivatives market. The Asia Pacific accounts for the largest revenue share contribution of the target market, followed by markets in Europe, North America, Latin America, and the Middle East & Africa respectively. Moreover, the presence of large number of manufacturers in the region is expected to aide Asia Pacific castor oil and derivatives market over the forecast period.
Market segmentation and key players operating in the global castor oil and derivatives market:
By product type:
- Sebacic Acid
- Hydrogenated castor oil (HCO)
- Dehydrated Castor Oil (DCO)
- Ricinoleic Acid
- Others (undecylenic acid, hydroxy stearate acid, ethoxylated castor oil, and urethane grade)
- Cosmetics & Pharmaceuticals
- Surface Coatings
- Plastics& Resins
- Others (cosmetics and perfumeries, paints, inks and additives, and textile chemicals)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2017 Estimated Year 2018 Forecast Period 2018–2027 Revenue in US$
- Thai Castor Oil Industries Co. Ltd.
- Jayant Agro Organics
- Itoh Oil Chemicals Co., Ltd.
- Hokoku Corporation
- RPK Agrotech Exports Private Limited,
- Adani Wilmar Limited
- K.Proteins Pvt Limited
- Ambuja Solvex Pvt. Ltd.
- Gokul Overseas Ltd.
- Inner Mongolia Weiyu Biotech Co., Ltd.
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