Global Ricinoleic Acid Market 2024-2028
The ricinoleic acid market is forecasted to grow by USD 103.27 mn during 2023-2028, accelerating at a CAGR of 4.59% during the forecast period. The report on the ricinoleic acid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand from major end-users, easy extraction and production processes of ricinoleic acid, and growing emphasis on sustainable and eco-friendly products.
Technavio's ricinoleic acid market is segmented as below:
By End-user
- Lubricants and grease
- Cosmetics and personal care
- Surfactants
- Others
By Type
- Industrial-grade
- Optimal grade
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the growing shift toward bio-based chemicals as one of the prime reasons driving the ricinoleic acid market growth during the next few years. Also, increasing demand for cosmetic and personal care products and rising demand for ricinoleic acid in pharmaceutical applications will lead to sizable demand in the market.
The report on the ricinoleic acid market covers the following areas:
- Ricinoleic acid market sizing
- Ricinoleic acid market forecast
- Ricinoleic acid market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading ricinoleic acid market vendors that include Acme synthetic chemicals, Adani Wilmar Ltd., Akshay Chemicals, Arvalli Castor Derivatives Pvt. Ltd, Aura Refoils Pvt. Ltd, Biomol GmbH, Cayman Chemical, Girnar Industries, Gokul Agro Resources, ITOH OIL CHEMICALS CO. LTD., Jacob Stern and Sons Inc., Jayant Agro Organics Ltd., KAVYA PHARMA, Krishna Antioxidants Pvt. Ltd., Merck KGaA, N.K. Industries Ltd., Royal Castor Products Ltd., Tokyo Chemical Industry Co. Ltd., and Univar Solutions Inc.. Also, the ricinoleic acid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth