Global Castor Oil and Derivatives Market Research Report 2023(Status and Outlook)

Global Castor Oil and Derivatives Market Research Report 2023(Status and Outlook)

Report Overview

Castor oil is a vegetable oil extracted from castor seeds. It is liquid at room temperature.Castor oil derivatives as long as include hydrogenated castor oil, oxidized castor oil, dehydrated castor oil, 12-hydroxystearic acid and so on.The global output of castor oil and its derivatives in 2018 was 730 kilotons, up 3% from 707 kilotons in 2017, and the market size grew at an average annual rate of 5% between 2018 and 2025.In 2018, India was the largest producer of castor oil and its derivatives, with output of 664 kilotons, accounting for 91% of the global market.China is the largest sales region, with sales volume of 222 thousand tons, accounting for 30% of the global market.The global market for castor oil and its derivatives is relatively concentrated, with the production share of 17 major enterprises reaching 76% and the market size accounting for 75% by 2018.The top five players in the market for castor Oil and its derivatives are Jayant Agro, NK Proteins, Adani Wilmar, RPK Agrotech and ITOH Oil Chemicals.Jayant Agro is firmly in the top spot, accounting for 26% of the market in 2018.The main product types in the global market of electric vehicle drive motors are castor oil, hydrogenated castor oil, dehydrated castor oil, 12-hydroxystearic acid and others.Globally, electric vehicle drive motors are mainly used in food, pharmaceuticals, cosmetics, industrial applications and other applications, with the largest proportion in industrial applications in 2018, accounting for 31%.

Global Castor Oil and Derivatives key players include Jayant Agro, NK Proteins, Adani Wilmar, etc. Global top three manufacturers hold a share over 50%.

India is the largest market, with a share over 90%, followed by China, and North America, both have a share over 5 percent.

In terms of product, Hydrogenated Castor Oil is the largest segment, with a share about 30%. And in terms of application, the largest application is Food, followed by Drug, Cosmetics, Industrial, etc.

The Global Castor Oil and Derivatives Market Size was estimated at USD 1399.40 million in 2022 and is projected to reach USD 1956.01 million by 2029, exhibiting a CAGR of 4.90% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Castor Oil and Derivatives market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Castor Oil and Derivatives Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Castor Oil and Derivatives market in any manner.

Global Castor Oil and Derivatives Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Jayant Agro

NK Proteins

Adani Wilmar

RPK Agrotech

ITOH Oil Chemicals

Thai Castor Oil

Hokoku Corporation

Gokul Overseas

SHANGHAI RIHAO CHEMICAL CO.,LTD.

Dongying Kanghui Industry and Trade Co. Ltd

Kisan Agro

Weiyubiological

TIAN XING BIOTECHNOLOGY

Ambuja Solvex

Adya Oil

Wen Shu Jxlan Yellow River oll CO, LTD

Girnar Industries

Market Segmentation (by Type)

Castor Oil

Hydrogenated Castor Oil

Oxidized Castor Oil

Dehydrated Castor Oil

12-hydroxystearic Acid

Others

Market Segmentation (by Application)

Residential

Commercial

Industrial

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Castor Oil and Derivatives Market

Overview of the regional outlook of the Castor Oil and Derivatives Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors