The global Castor Oil and Derivatives market was valued at US$ 1334 million in 2019 and is expected to reach US$ 1864.6 million by the end of 2026, growing at a CAGR of 4.9% during 2021-2026.
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 Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the mark
Let’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Castor Oil and Derivatives Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are 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 Industri and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Castor Oil
- Hydrogenated Castor Oil
- Oxidized Castor Oil
- Dehydrated Castor Oil
- 12-hydroxystearic Acid
Segment by Application
Table of Content:
1 Castor Oil and Derivatives Market Overview
2 Castor Oil and Derivatives Market Competition by Manufacturers
3 Castor Oil and Derivatives Retrospective Market Scenario by Region
4 Global Castor Oil and Derivatives Historic Market Analysis by Type
5 Global Castor Oil and Derivatives Historic Market Analysis by Application
6 Key Companies Profiled
7 Castor Oil and Derivatives Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Castor Oil and Derivatives Market Dynamics
10 Global Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
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