Castor Oil Derivatives Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Castor Oil Derivatives Market
The castor oil derivatives market size was valued at USD 1035.4 billion in 2019, and the market is now projected to grow from USD 1429.7 billion by 2027, exhibiting a CAGR of 4.3% during the forecast period of 2024-2032.
COVID-19 occurrence, the making of castor oil in these countries was rigorously hit due to partial or no access to manufacturing sites, limited feedstock, and manpower. Interrupted supply chains and dropped making further lead to an export downturn. However, with the gradual lifting of lockdowns and supply chains control in the world is projected to show progression in the latter quarter of 2020.
Because of the unique fatty acid structure, castor oil and its derivatives offer vast benefits as linked to other vegetable oils. Uses of oils derived from cotton, coconut, soy, corn, and rapeseed are limited commonly to edible purposes. Castor oil derivatives are renewable, natural, and multipurpose in physicochemical properties. Thus, these products are ideal as a significant raw material in numerous uses comprising lubricants, oleo-chemicals, medical, cosmetics, pharmaceuticals, bio-energy among others. Due to the growing importance of green chemicals universally, the market is projected to designate steady castor oil derivatives market growth in the upcoming years.
The cosmetics and perfumeries segment is one of the developing uses of castor oil derivatives in the worldwide market. Castor wax, castor oil esters, zinc ricinoleate, undecylenic acid are few of the key derivatives used in the manufacturing of hair care, skincare & lip care products, and perfumeries. These derivatives perform diverse roles during cosmetic manufacturing such as surfactants, emulsion stabilizers, skin preparing agents, and others. With the growing demand for natural cosmetics products worldwide, the implementation of natural ingredients is anticipated to surge in the future.
Comprehensive Analysis of Castor Oil Derivatives Market
The market can be segmented in various ways, depending on the focus of analysis such as by type, by brands and by packaging type. Based on product type, the market is classified into sebacic acid, ricinoleic acid, hydrogenated castor oil, 12-hydroxy stearic acids, dehydrated castor oil, others. Based on application, the market is classified into cosmetic & pharmaceuticals, plastic & resins, lubricants, biodiesel, others.
Asia Pacific region is dominating the castor oil derivatives market share due to high occurrence of castor oil and its derivatives.
The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include Hengshui Jinghua Chemical Co., Ltd. (China), N.K. Proteins Pvt. Ltd. (India), Thai Castor Oil Industries Co. Ltd. (Thailand), Sebacic India Pvt. Ltd. (India), HOKOKU Co. Ltd. (Japan), Adani Wilmar Ltd. (India), Gokul Agri International Ltd. (India), RPK Agrotech (India), Arvalli Castor Derivatives Pvt Ltd. (India), Krishna Antioxidants Pvt. Ltd. (India) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
In February 2016, India based Shipra Agrichem invested around US$ 62.7 million to develop the first sebacic acid plant in Oman. The plant capacity is 30-kilo tons per year and the produced quantities are aimed to export to Europe, China, Japan, and the United States.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD Million) & Volume (Kilo Tons)
Segmentation Product Type, Application, and Geography
By Product Type
Sebacic Acid
Ricinoleic Acid
Hydrogenated Castor Oil
12-Hydroxy Stearic Acids
Dehydrated Castor Oil
Others
By Application
Cosmetic & Pharmaceuticals
Plastic & Resins
Lubricants
Biodiesel
Others
By Geography
North America
By Product Type
By Application
By Country
The U.S.
Canada
Europe
By Product Type
By Application
By Country
Germany
UK
France
Italy
Rest of Europe
Asia Pacific
By Product Type
By Application
By Country
China
India
Japan
ASEAN
Rest of Asia Pacific
Latin America
By Product Type
By Application
By Country
Brazil
Mexico
Rest of Latin America
Middle East & Africa
By Product Type
By Application
By Sub-Region
Middle East
Africa
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Key Trends
- 4. Key Insights
- 4.1. Key Insights – For Major Countries
- 4.2. Key Developments
- 4.3. Regulatory Standards
- 4.4. PEST Analysis
- 5. COVID-19 Impact Analysis
- 5.1. Supply Chain Challenges
- 5.2. Steps Taken by Government/Companies to combat COVID-19
- 5.3. Potential Opportunities due to COVID-19 Outbreak
- 6. Global Castor Oil Derivatives Market Analysis, Insights and Forecast, 2016-2027, By Product Type
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast
- 6.2.1. Sebacic Acid
- 6.2.2. Ricinoleic Acid
- 6.2.3. Hydrogenated Castor Oil
- 6.2.4. 12-Hydroxy Stearic Acids
- 6.2.5. Dehydrated Castor Oil
- 6.2.6. Others
- 7. Global Castor Oil Derivatives Market Analysis, Insights and Forecast, 2016-2027, By Application
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast
- 7.2.1. Cosmetic & Pharmaceuticals
- 7.2.2. Plastic & Resins
- 7.2.3. Lubricants
- 7.2.4. Biodiesel
- 7.2.5. Others
- 8. Global Castor Oil Derivatives Market Analysis, Insights and Forecast, 2016-2027, By Region
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast
- 8.2.1. North America
- 8.2.2. Europe
- 8.2.3. Asia Pacific
- 8.2.4. Latin America
- 8.2.5. Middle East & Africa
- 9. North America Castor Oil Derivatives Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast
- 9.2.1. By Product Type (Value & Volume)
- 9.2.1.1. Sebacic Acid
- 9.2.1.2. Ricinoleic Acid
- 9.2.1.3. Hydrogenated Castor Oil
- 9.2.1.4. 12-Hydroxy Stearic Acids
- 9.2.1.5. Dehydrated Castor Oil
- 9.2.1.6. Others
- 9.2.2. By Application (Value & Volume)
- 9.2.2.1. Cosmetic & Pharmaceuticals
- 9.2.2.2. Plastic & Resins
- 9.2.2.3. Lubricants
- 9.2.2.4. Biodiesel
- 9.2.2.5. Others
- 9.2.3. By Country (Value & Volume)
- 9.2.3.1. U.S
- 9.2.3.2. Canada
- 10. Europe Castor Oil Derivatives Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast
- 10.2.1. By Product Type (Value & Volume)
- 10.2.1.1. Sebacic Acid
- 10.2.1.2. Ricinoleic Acid
- 10.2.1.3. Hydrogenated Castor Oil
- 10.2.1.4. 12-Hydroxy Stearic Acids
- 10.2.1.5. Dehydrated Castor Oil
- 10.2.1.6. Others
- 10.2.2. By Application (Value & Volume)
- 10.2.2.1. Cosmetic & Pharmaceuticals
- 10.2.2.2. Plastic & Resins
- 10.2.2.3. Lubricants
- 10.2.2.4. Biodiesel
- 10.2.2.5. Others
- 10.2.3. By Country (Value & Volume)
- 10.2.3.1. Germany
- 10.2.3.2. UK
- 10.2.3.3. France
- 10.2.3.4. Italy
- 10.2.3.5. Rest of Europe
- 11. Asia Pacific Castor Oil Derivatives Market Analysis, Insights and Forecast, 2016-2027
- 11.1. Key Findings / Summary
- 11.2. Market Analysis, Insights and Forecast
- 11.2.1. By Product Type (Value & Volume)
- 11.2.1.1. Sebacic Acid
- 11.2.1.2. Ricinoleic Acid
- 11.2.1.3. Hydrogenated Castor Oil
- 11.2.1.4. 12-Hydroxy Stearic Acids
- 11.2.1.5. Dehydrated Castor Oil
- 11.2.1.6. Others
- 11.2.2. By Application (Value & Volume)
- 11.2.2.1. Cosmetic & Pharmaceuticals
- 11.2.2.2. Plastic & Resins
- 11.2.2.3. Lubricants
- 11.2.2.4. Biodiesel
- 11.2.2.5. Others
- 11.2.3. By Country (Value & Volume)
- 11.2.3.1. China
- 11.2.3.2. India
- 11.2.3.3. Japan
- 11.2.3.4. South Korea
- 11.2.3.5. Rest of Asia Pacific
- 12. Latin America Castor Oil Derivatives Market Analysis, Insights and Forecast, 2016-2027
- 12.1. Key Findings / Summary
- 12.2. Market Analysis, Insights and Forecast
- 12.2.1. By Product Type (Value & Volume)
- 12.2.1.1. Sebacic Acid
- 12.2.1.2. Ricinoleic Acid
- 12.2.1.3. Hydrogenated Castor Oil
- 12.2.1.4. 12-Hydroxy Stearic Acids
- 12.2.1.5. Dehydrated Castor Oil
- 12.2.1.6. Others
- 12.2.2. By Application (Value & Volume)
- 12.2.2.1. Cosmetic & Pharmaceuticals
- 12.2.2.2. Plastic & Resins
- 12.2.2.3. Lubricants
- 12.2.2.4. Biodiesel
- 12.2.2.5. Others
- 12.2.3. By Country (Value & Volume)
- 12.2.3.1. Brazil
- 12.2.3.2. Mexico
- 12.2.3.3. Rest of Latin America
- 13. Middle East & Africa Castor Oil Derivatives Market Analysis, Insights and Forecast, 2016-2027
- 13.1. Key Findings / Summary
- 13.2. Market Analysis, Insights and Forecast
- 13.2.1. By Product Type (Value & Volume)
- 13.2.1.1. Sebacic Acid
- 13.2.1.2. Ricinoleic Acid
- 13.2.1.3. Hydrogenated Castor Oil
- 13.2.1.4. 12-Hydroxy Stearic Acids
- 13.2.1.5. Dehydrated Castor Oil
- 13.2.1.6. Others
- 13.2.2. By Application (Value & Volume)
- 13.2.2.1. Cosmetic & Pharmaceuticals
- 13.2.2.2. Plastic & Resins
- 13.2.2.3. Lubricants
- 13.2.2.4. Biodiesel
- 13.2.2.5. Others
- 13.2.3. By Sub-Region (Value & Volume)
- 13.2.3.1. Middle East
- 13.2.3.2. Africa
- 14. Competitive Landscape
- 14.1. Company Market Share Analysis, 2019
- 14.2. Company Profiles
- 14.2.1. Jayant Agro Organics Ltd.*
- 14.2.1.1. Overview
- 14.2.1.2. Product Portfolio
- 14.2.1.3. Recent Developments
- 14.2.1.4. Strategies
- 14.2.1.5. Financials (Based on availability)
- 14.2.2. Hengshui Jinghua Chemical Co., Ltd.
- 14.2.2.1. Overview
- 14.2.2.2. Product Portfolio
- 14.2.2.3. Recent Developments
- 14.2.2.4. Strategies
- 14.2.2.5. Financials (Based on availability)
- 14.2.3. N.K. Proteins Pvt. Ltd.
- 14.2.3.1. Overview
- 14.2.3.2. Product Portfolio
- 14.2.3.3. Recent Developments
- 14.2.3.4. Strategies
- 14.2.3.5. Financials (Based on availability)
- 14.2.4. Thai Castor Oil Industries Co. Ltd.
- 14.2.4.1. Overview
- 14.2.4.2. Product Portfolio
- 14.2.4.3. Recent Developments
- 14.2.4.4. Strategies
- 14.2.4.5. Financials (Based on availability)
- 14.2.5. Sebacic India Pvt. Ltd.
- 14.2.5.1. Overview
- 14.2.5.2. Product Portfolio
- 14.2.5.3. Recent Developments
- 14.2.5.4. Strategies
- 14.2.5.5. Financials (Based on availability)
- 14.2.6. HOKOKU Co. Ltd.
- 14.2.6.1. Overview
- 14.2.6.2. Product Portfolio
- 14.2.6.3. Recent Developments
- 14.2.6.4. Strategies
- 14.2.6.5. Financials (Based on availability)
- 14.2.7. Adani Wilmar Ltd.
- 14.2.7.1. Overview
- 14.2.7.2. Product Portfolio
- 14.2.7.3. Recent Developments
- 14.2.7.4. Strategies
- 14.2.7.5. Financials (Based on availability)
- 14.2.8. Gokul Agri International Ltd.
- 14.2.8.1. Overview
- 14.2.8.2. Product Portfolio
- 14.2.8.3. Recent Developments
- 14.2.8.4. Strategies
- 14.2.8.5. Financials (Based on availability)
- 14.2.9. RPK Agrotech
- 14.2.9.1. Overview
- 14.2.9.2. Product Portfolio
- 14.2.9.3. Recent Developments
- 14.2.9.4. Strategies
- 14.2.9.5. Financials (Based on availability)
- 14.2.10. Arvalli Castor Derivatives Pvt Ltd.
- 14.2.10.1. Overview
- 14.2.10.2. Product Portfolio
- 14.2.10.3. Recent Developments
- 14.2.10.4. Strategies
- 14.2.10.5. Financials (Based on availability)
- 14.2.11. Krishna Antioxidants Pvt. Ltd.
- 14.2.11.1. Overview
- 14.2.11.2. Product Portfolio
- 14.2.11.3. Recent Developments
- 14.2.11.4. Strategies
- 14.2.11.5. Financials (Based on availability)
- 15. Strategic Recommendation
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