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Castor Oil-Based Biopolymer Market

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from $4,900 113 Pages TechSci Research June, 2023 TCSI18013004
Best Price Guarantee
Price from $4,900
Length 113 Pages
Publisher TechSci Research
Published Date June, 2023
SKU TCSI18013004

Castor Oil-Based Biopolymer Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028
Segmented By Polymer Type (Bio-Polyamides, Bio-Polyurethane, and Others) By Form (Pellets, Yarns, and Others) By End User (Automotive, Solar, Household Appliances, and Others), By Region and Competition


Global Castor Oil-Based Biopolymer market is anticipated to grow significantly through 2028 due to growing demand from the automotive industry. In 2018, consumer goods accounted for a 28% share of the total global demand for bio-based polymers.

Additionally, the growing trend to minimize non-degradable polymer usage and adopt sustainable alternative solutions in the different sectors is further expected to drive market growth. Castor Oil-Based Biopolymer is a degradable, lightweight, chemical, and abrasion resistance material as bio-polymer is used in the manufacturing of automobile parts both for the interior area like the dashboard and mats as well as for the exterior area of the automobile to provide a shiny finish. Therefore, increasing production and sales of premium automobiles result in the growth of the market during the forecast period.

Furthermore, the increasing demand from the textile industry, oil & gas sector, household applications, and others are the crucial factors that propel the market’s growth. Various companies and research organizations operating in the market also focus on developing such eco-friendly products. This, in turn, is expected to create huge prospects for market growth in the coming years.

Rising demand from the Automotive Industry

Demand for environment-friendly biopolymer products is anticipated to rise due to increased public awareness worldwide and strict government restrictions aimed at promoting a carbon-neutral economy. Moreover, the expansion of market innovations is anticipated to be aided by expanding R&D efforts and rising spending. As of the rising demand for lightweight materials in the automotive sector, castor oil-based biopolymers are in big demand since they give vehicles durability and luminosity. Automobile manufacturers are adopting strategies and spending money on techniques that lighten overall vehicle weight for improved fuel efficiency. In addition, castor oil-based lightweight parts help in minimizing carbon emissions during manufacturing resulting in the demand in the forecast years.

For instance, according to OICA, the manufacturing of light commercial vehicles grew to 18,593,846 units in 2021, up from 17,217,990 units in 2020.

Increasing demand from various end-user

Characteristics such as easy processing, chemical resistance, abrasion resistance, toughness, and dimensional stability result in the demand from various end users. Additionally, increasing usage of biodegradable biopolymers in sporting goods, including shoes and helmets, increases the demand for castor-oil-based biopolymers. All these factors are accelerating the castor oil-based biopolymer market growth in the upcoming years.

Bio-Polyamides Will Continue to Be a Key Polymer Type

Different properties such as high thermal conductivity, high stiffness, flame resistance, low moisture assimilation, high specific strength, superior impact resilience, and chemical stability attributed to polyamide make it superior in the biopolymer. Moreover, weight reduction continues to be a significant factor in significantly reducing fuel efficiency. These factors are anticipated to increase the use of bio-polyamides in the forecast years.

Recent Developments
  • In October 2022, A polyester-based headrest cover called "Ultrasuede nu" was created by Toray Industries, Inc. The cover is made up of three different structures: scrim, elastomer, and ultra-fine fibers. Polyurethane substance based on castor oil makes up the elastomer.
  • Arkema has benefited from robust growth for its biobased Pebax® Rnew® grades, derived from renewable castor beans in September 2022.
  • Nylon grade (N510) fiber, created using only plant-based fiber, has been made commercially available, according to Toray Industries, Inc., in January 2022.
  • In October 2021, a new bio-based polyamide 11 powder plant opened in China, according to an announcement by Arkema.
Market Segmentation

Global Castor Oil-Based Biopolymer Market is segmented based on polymer type, form, end user, and region. Based on polymer type, the market is categorized into bio-polyamides, bio-polyurethane, and others. Based on form, the market is segregated into pellets, yarns, and others. Based on end-user, the market is fabricated into automotive, solar, household appliances, and others. Based on region, the market is divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

Company Profiles

BASF SE, Toray Industries, Inc., Arkema S.A., Solvay S.A., Evonik Industries AG, Mitsui Chemicals Inc., DuPont de Nemours, Inc., EMS-Chemie Holding AG, Fulgar SpA, Koninklijke DSM N.V. are some of the key players of Global Castor Oil-Based Biopolymer Market.

Report Scope:

In this report, the global Castor Oil-Based Biopolymer market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
  • Castor Oil-Based Biopolymer Market, By Polymer Type:
  • Bio-Polyamides
  • Bio-Polyurethane
  • Others
  • Castor Oil-Based Biopolymer Market, By Form:
  • Pellets
  • Yarns
  • Others
  • Castor Oil-Based Biopolymer Market, By End User:
  • Automotive
  • Solar
  • Household Appliances
  • Others
  • Castor Oil-Based Biopolymer Market, By Region:
  • North America
  • United States
  • Mexico
  • Canada
  • Europe
  • France
  • Germany
  • United Kingdom
  • Spain
  • Italy
  • Asia-Pacific
  • China
  • India
  • South Korea
  • Japan
  • Australia
  • South America
  • Brazil
  • Argentina
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
Competitive landscape

Company Profiles: Detailed analysis of the major companies in the global Castor Oil-Based Biopolymer market.

Company Information
  • Detailed analysis and profiling of additional market players (up to five).
Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order. Single User license will be delivered in PDF format without printing rights


1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Castor Oil-Based Biopolymer Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Polymer Type (Bio-Polyamides, Bio-Polyurethane, Others)
5.2.1.1. Bio-Polyamides
5.2.1.1.1. Bio-Polyamide 6
5.2.1.1.2. Bio-Polyamide 10 and 11
5.2.2. By Form (Pellets, Yarns, Others)
5.2.3. By End User (Automotive, Solar, Household Appliances, Others)
5.2.4. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)
5.2.5. By Company (2022)
5.3. Market Map
5.3.1. By Polymer Type
5.3.2. By Form
5.3.3. By End User
5.3.4. By Region
6. North America Castor Oil-Based Biopolymer Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Polymer Type
6.2.2. By Form
6.2.3. By End User
6.2.4. By Country
6.3. Pricing Analysis
6.4. North America: Country Analysis
6.4.1. United States Castor Oil-Based Biopolymer Market Outlook
6.4.1.1. Market Size & Forecast
6.4.1.1.1. By Value & Volume
6.4.1.2. Market Share & Forecast
6.4.1.2.1. By Polymer Type
6.4.1.2.2. By Form
6.4.1.2.3. By End User
6.4.2. Mexico Castor Oil-Based Biopolymer Market Outlook
6.4.2.1. Market Size & Forecast
6.4.2.1.1. By Value & Volume
6.4.2.2. Market Share & Forecast
6.4.2.2.1. By Polymer Type
6.4.2.2.2. By Form
6.4.2.2.3. By End User
6.4.3. Canada Castor Oil-Based Biopolymer Market Outlook
6.4.3.1. Market Size & Forecast
6.4.3.1.1. By Value & Volume
6.4.3.2. Market Share & Forecast
6.4.3.2.1. By Polymer Type
6.4.3.2.2. By Form
6.4.3.2.3. By End User
7. Europe Castor Oil-Based Biopolymer Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Polymer Type
7.2.2. By Form
7.2.3. By End User
7.2.4. By Country
7.3. Pricing Analysis
7.4. Europe: Country Analysis
7.4.1. France Castor Oil-Based Biopolymer Market Outlook
7.4.1.1. Market Size & Forecast
7.4.1.1.1. By Value & Volume
7.4.1.2. Market Share & Forecast
7.4.1.2.1. By Polymer Type
7.4.1.2.2. By Form
7.4.1.2.3. By End User
7.4.2. Germany Castor Oil-Based Biopolymer Market Outlook
7.4.2.1. Market Size & Forecast
7.4.2.1.1. By Value & Volume
7.4.2.2. Market Share & Forecast
7.4.2.2.1. By Polymer Type
7.4.2.2.2. By Form
7.4.2.2.3. By End User
7.4.3. United Kingdom Castor Oil-Based Biopolymer Market Outlook
7.4.3.1. Market Size & Forecast
7.4.3.1.1. By Value & Volume
7.4.3.2. Market Share & Forecast
7.4.3.2.1. By Polymer Type
7.4.3.2.2. By Form
7.4.3.2.3. By End User
7.4.4. Spain Castor Oil-Based Biopolymer Market Outlook
7.4.4.1. Market Size & Forecast
7.4.4.1.1. By Value & Volume
7.4.4.2. Market Share & Forecast
7.4.4.2.1. By Polymer Type
7.4.4.2.2. By Form
7.4.4.2.3. By End User
7.4.5. Italy Castor Oil-Based Biopolymer Market Outlook
7.4.5.1. Market Size & Forecast
7.4.5.1.1. By Value & Volume
7.4.5.2. Market Share & Forecast
7.4.5.2.1. By Polymer Type
7.4.5.2.2. By Form
7.4.5.2.3. By End User
8. Asia-Pacific Castor Oil-Based Biopolymer Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Polymer Type
8.2.2. By Form
8.2.3. By End User
8.2.4. By Country
8.3. Pricing Analysis
8.4. Asia-Pacific: Country Analysis
8.4.1. China Castor Oil-Based Biopolymer Market Outlook
8.4.1.1. Market Size & Forecast
8.4.1.1.1. By Value & Volume
8.4.1.2. Market Share & Forecast
8.4.1.2.1. By Polymer Type
8.4.1.2.2. By Form
8.4.1.2.3. By End User
8.4.2. India Castor Oil-Based Biopolymer Market Outlook
8.4.2.1. Market Size & Forecast
8.4.2.1.1. By Value & Volume
8.4.2.2. Market Share & Forecast
8.4.2.2.1. By Polymer Type
8.4.2.2.2. By Form
8.4.2.2.3. By End User
8.4.3. South Korea Castor Oil-Based Biopolymer Market Outlook
8.4.3.1. Market Size & Forecast
8.4.3.1.1. By Value & Volume
8.4.3.2. Market Share & Forecast
8.4.3.2.1. By Polymer Type
8.4.3.2.2. By Form
8.4.3.2.3. By End User
8.4.4. Japan Castor Oil-Based Biopolymer Market Outlook
8.4.4.1. Market Size & Forecast
8.4.4.1.1. By Value & Volume
8.4.4.2. Market Share & Forecast
8.4.4.2.1. By Polymer Type
8.4.4.2.2. By Form
8.4.4.2.3. By End User
8.4.5. Australia Castor Oil-Based Biopolymer Market Outlook
8.4.5.1. Market Size & Forecast
8.4.5.1.1. By Value & Volume
8.4.5.2. Market Share & Forecast
8.4.5.2.1. By Polymer Type
8.4.5.2.2. By Form
8.4.5.2.3. By End User
9. South America Castor Oil-Based Biopolymer Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Polymer Type
9.2.2. By Form
9.2.3. By End User
9.2.4. By Country
9.3. Pricing Analysis
9.4. South America: Country Analysis
9.4.1. Brazil Castor Oil-Based Biopolymer Market Outlook
9.4.1.1. Market Size & Forecast
9.4.1.1.1. By Value & Volume
9.4.1.2. Market Share & Forecast
9.4.1.2.1. By Polymer Type
9.4.1.2.2. By Form
9.4.1.2.3. By End User
9.4.2. Argentina Castor Oil-Based Biopolymer Market Outlook
9.4.2.1. Market Size & Forecast
9.4.2.1.1. By Value & Volume
9.4.2.2. Market Share & Forecast
9.4.2.2.1. By Polymer Type
9.4.2.2.2. By Form
9.4.2.2.3. By End User
10. Middle East and Africa Castor Oil-Based Biopolymer Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Polymer Type
10.2.2. By Form
10.2.3. By End User
10.2.4. By Country
10.3. Pricing Analysis
10.4. MEA: Country Analysis
10.4.1. South Africa Castor Oil-Based Biopolymer Market Outlook
10.4.1.1. Market Size & Forecast
10.4.1.1.1. By Value & Volume
10.4.1.2. Market Share & Forecast
10.4.1.2.1. By Polymer Type
10.4.1.2.2. By Form
10.4.1.2.3. By End User
10.4.2. Saudi Arabia Castor Oil-Based Biopolymer Market Outlook
10.4.2.1. Market Size & Forecast
10.4.2.1.1. By Value & Volume
10.4.2.2. Market Share & Forecast
10.4.2.2.1. By Polymer Type
10.4.2.2.2. By Form
10.4.2.2.3. By End User
10.4.3. UAE Castor Oil-Based Biopolymer Market Outlook
10.4.3.1. Market Size & Forecast
10.4.3.1.1. By Value & Volume
10.4.3.2. Market Share & Forecast
10.4.3.2.1. By Polymer Type
10.4.3.2.2. By Form
10.4.3.2.3. By End User
11. Market Dynamics
11.1. Drivers
11.1.1. Rapid growth in the Automotive Industry
11.1.2. Increasing demand of polymer-based yarn from Textile industry
11.1.3. Superior Mechanical & Chemical Properties of Biopolymers
11.2. Challenges
11.2.1. Fluctuation in Raw Material price
11.2.2. Dependent on region-based crop product
12. Market Trends & Developments
12.1. Product Launches
12.2. Mergers & Acquisitions
12.3. Technological Advancements
13. Global Castor Oil-Based Biopolymer Market: SWOT Analysis
14. Porter’s Five Forces Analysis
14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products
15. Competitive Landscape
15.1. Business Overview
15.2. Product Offerings
15.3. Recent Developments
15.4. Financials (In Case of Listed Companies)
15.5. Key Personnel
15.6. SWOT Analysis
15.6.1. BASF SE
15.6.2. Toray Industries, Inc.
15.6.3. Arkema S.A.
15.6.4. Solvay S.A.
15.6.5. Evonik Industries AG
15.6.6. Mitsui Chemicals Inc.
15.6.7. DuPont de Nemours, Inc.
15.6.8. EMS-Chemie Holding AG
15.6.9. Fulgar SpA
15.6.10. Koninklijke DSM N.V.
16. Strategic Recommendations

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