Global Castor Oil and its Derivatives Market Growth 2023-2029

Global Castor Oil and its Derivatives Market Growth 2023-2029

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%.

LPI (LP Information)' newest research report, the “Castor Oil and its Derivatives Industry Forecast” looks at past sales and reviews total world Castor Oil and its Derivatives sales in 2022, providing a comprehensive analysis by region and market sector of projected Castor Oil and its Derivatives sales for 2023 through 2029. With Castor Oil and its Derivatives sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Castor Oil and its Derivatives industry.

This Insight Report provides a comprehensive analysis of the global Castor Oil and its Derivatives landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Castor Oil and its Derivatives portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Castor Oil and its Derivatives market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Castor Oil and its Derivatives and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Castor Oil and its Derivatives.

The global Castor Oil and its Derivatives market size is projected to grow from US$ 1436 million in 2022 to US$ 2031.8 million in 2029; it is expected to grow at a CAGR of 2031.8 from 2023 to 2029.

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.

This report presents a comprehensive overview, market shares, and growth opportunities of Castor Oil and its Derivatives market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Sebacic Acid
Undecylenic Acid
Castor Wax
Others

Segmentation by application
Foods
Pharmaceuticals
Cosmetics
Industrial Application
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Jayant Agro
Arkema
NK Industries
Thai Castor Oil Industries
RPK Agrotech
Girnar Industries
Kisan Agro

Key Questions Addressed in this Report

What is the 10-year outlook for the global Castor Oil and its Derivatives market?

What factors are driving Castor Oil and its Derivatives market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Castor Oil and its Derivatives market opportunities vary by end market size?

How does Castor Oil and its Derivatives break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.