Global Castor Oil & Derivatives Market Size, Demand, Growth & Opportunity Analysis 2021

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Global Castor Oil & Derivatives Market Outlook :

Industry Insights & Opportunity Evaluation,

2015-2021


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Global Castor Oil & Derivatives Market Overview

Castor oil, a kind of vegetable oil, is extracted from castor

plant. The major contents of this oil are ricinoleic acid and

oleic acid. Castor oil is primarily used in production of

soaps, paints, coatings, dyes, inks, etc.

The global castor oil and derivatives market is anticipated

to flourish at a rapid pace and projected to reach USD 2.0

Billion by the end of 2021. Geographically, the global

castor oil and derivatives market is segmented into North

America, Latin America, Western and Eastern Europe,

Asia-Pacific, Middle East and North Africa (MENA) and

Rest of World.

Market Segmentation

By Product Type

The global castor oil and derivatives market is segmented

on the basis of product type into undecylenic acid, castor

wax or hydrogenated castor oil, sebacic acid, dehydrated

castor oil and others.

By End Users

On the basis of application the global castor oil and

derivatives market is segmented into lubricants, biodiesel,

cosmetics, pharmaceuticals, resin and others. Growth of

castor oil and derivatives in cosmetics and pharmaceutical


industry is expected to witness a CAGR of 5.0% during

2015-2021.

Growth Drivers and challenges

Escalating demand of castor oil from end user industries

(biodiesel, lubricants, etc.) is believed to uplift the global

castor oil and derivatives market over the forecast period

i.e. 2015-2021.

In addition to that, rising need of biodegradable and

sustainable products is also expected to drive the demand

of castor oil and its derivatives in future.

However, irregularity in the rain due to global warming,

increasing prices of raw materials such as castor seeds

along with availability of low price alternative renewable

chemicals etc. are projected to restrain the growth of

global castor oil and derivatives market over next 4-5

years.

Market Size and Forecast

Regionally, with 58.0% of share in 2015, Asia-Pacific

dominates the global castor oil and derivatives market.

The castor oil market in the region is propelled by

increasing healthcare spending and continuous expansion

of personal care sector in countries such as India and

China. Asia-Pacific is further anticipated to dominate the


global castor oil and derivatives market and flourish at a

CAGR of 5.0% during 2015-2021.

North America and Europe castor oil and derivatives

market is also expected to grow at a rapid pace primarily

sparked by rapid increase in bio-diesel production in some

of the major countries including the U.S., Germany, U.K.,

etc.

Key Players

Global castor oil and derivatives market is very

competitive and includes some of the top players such as

ITOH Oil Chemicals Co. Ltd., Taj Agro Products, NK

Proteins, Adani Group, Bom Brazil, Tongliao TongHua

Castor Chemical Co. Ltd., RPK Agrotech, etc.

Scope and Context

Overview of the Parent Market

Analyst View

Market Size and Growth

North America (U.S., Canada)

Latin America (Mexico, Brazil, Rest of Latin America)

Western and Eastern Europe (Germany, Italy, Spain,

France, U.K, Benelux, Hungary, Rest Of Western

Europe, Russia Poland, Rest of Eastern Europe)

Asia-Pacific (China, India, Singapore, Japan, Australia

& New Zealand & Rest of Asia)


Rest of World

Segmentation

By Product Type

By End Users

By Geography

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their

Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in

current dynamic environment

To know more about this research, visit:

http://www.researchnester.com/reports/castor-

oil-derivatives-market-global-market-analysis-

opportunity-outlook-2021/128


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Global Castor Oil & Derivatives Market Size, Demand, Growth & Opportunity Analysis 2021

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