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
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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
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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)
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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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