Castor oil and its derivatives market to record USD 811.08 million, emerging opportunities with Adani Wilmar Ltd. and Alberdingk Boley GmbH

NEW YORK, September 20, 2022 /PRNewswire/ — The global market for castor oil and its derivatives the size is expected to grow by 811.08 million US dollars, accelerating at a CAGR of 4.94% during the forecast period. The report identified Adani Wilmar Ltd., Alberdingk Boley GmbH, Ambuja Solvex Pvt. Ltd., Apple Food Industries and Arkema SA, Girnar Industries among others as some of the key players in the market. The market is fragmented due to the presence of international, regional and local suppliers. Large suppliers make significant investments in research and development to maintain their dominant positions. Get detailed information on market size, competitive analysis, growth in various segments and other important statistics. Purchase report
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Technavio has announced its latest market research report titled Global Castor Oil and its Derivatives Market 2022-2026

The market is segmented as follows:

Castor oil and its derivatives market by product

  • Sebacic Acid – Size and Forecast 2021-2026

  • Undecylenic Acid – Size and Forecast 2021-2026

  • Castor Wax – Size and Forecast 2021-2026

  • Others – size and forecast 2021-2026

The sebacic acid market growth was significant in 2021. The sebacic acid segment will maintain its dominant position during the forecast period. The segment is driven by the use of sebacic acid in a wide range of applications such as polymer production, cosmetics, lubricants, plasticizers, corrosion inhibitors, thickeners, anti-corrosion applications and antifreeze coolants. In addition, the use of sebacic acid as a buffering agent in cosmetic applications contributes to the growth of the segment.

Castor Oil and Derivatives Market by Geography

  • APAC – Size and Forecast 2021-2026

  • Europe – size and forecast 2021-2026

  • North America – size and forecast 2021-2026

  • South America – size and forecast 2021-2026

  • The Middle East and Africa – size and forecast 2021-2026

The market will generate maximum revenue in APAC. The region will account for 42% of the global market share during the forecast period. The rapid growth of the cosmetics and personal care, pharmaceuticals, and lubricants industry is the key factor driving the regional market. In addition, increased health care costs, especially in developing countries such as China and India will further promote the growth of the castor oil and its derivatives market in APAC.

The market is driven by the growing demand for castor oil and its derivatives in major end-user industries. Castor oil and its derivatives are used in a wide range of applications in various industries such as pharmaceuticals, cosmetics, personal care, surfactants, lubricants, surface coatings, biodiesel, food and beverages, and others. For example, in the pharmaceutical industry, castor oil is used as a laxative and sedative. Ricinoleic acid, a derivative of castor oil, is used to form stable emulsions of nonpolar materials in various aqueous systems. In the automotive industry, castor oil and its derivatives are widely used in the production of lubricants. Many such applications in various industries are driving the growth of the global market for castor oil and its additives.

In addition, the use of castor oil as a source of biodiesel is expected to further drive the growth of the castor oil and its derivatives market. However, fluctuations in the prices of castor oil and its derivatives may reduce the growth potential of the market.

Key vendors included in the report:

  • Adani Wilmar Ltd.

  • Alberdingk Boley GmbH

  • Ambuja Solvex Pvt. Ltd

  • Apple Food Industries

  • Arkema SA

  • Girnar Industries

  • Globexo India

  • Gokul Agri International Ltd.

  • Gokul Agro Resources

  • HOKOKU Corp.

  • Inner Mongolia Weiyu Biotech Co. Ltd.

  • ITOH OIL CHEMICALS Co. Ltd.

  • Jayant Agro Organics Ltd.

  • Krishna Antioxidants Pvt. Ltd

  • NK Industries Ltd.

  • Royal Castor Products Ltd.

  • Taj Agro Products Ltd.

  • Thai Castor Oil Industries Co. Ltd.

  • The Chemical Co.

  • Vertellus Holdings LLC

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Related reports:

Castor oil and market scope of its derivatives

Report coverage

Details

Page number

120

Base year

2021

Estimated period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 4.94%

Market Growth 2022-2026

811.08 million US dollars

Market structure

Torn apart

Year-on-year growth (%)

4.75

Regional analysis

APAC, Europe, North America, South America and the Middle East and Africa

Effective market contribution

APAC at 42%

Key user countries

USA, China, India, France and Brazil

The competitive environment

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Adani Wilmar Ltd., Alberdingk Boley GmbH, Ambuja Solvex Pvt. Ltd., Apple Food Industries, Arkema SA, Girnar Industries, Globexo India, Gokul Agri International Ltd., Gokul Agro Resources, HOKOKU Corp., Inner Mongolia Weiyu Biotech Co. Ltd., ITOH OIL CHEMICALS Co. Ltd., Jayant Agro Organics Ltd., Krishna Antioxidants Pvt. Ltd., NK Industries Ltd., Royal Castor Products Ltd., Taj Agro Products Ltd., Thai Castor Oil Industries Co. Ltd., The Chemical Co. and Vertellus Holdings LLC

Market dynamics

Major market analysis, market growth drivers and restraints, fast and slow growing segment analysis, impact of COVID-19 and future consumer dynamics and market status analysis for the forecast period.

Range of customization

If our report doesn’t include the data you’re looking for, you can contact our analysts and get custom segments.

Content:

1 Summary

2 Market landscape

3 Sizing the market

4 Five Forces Analysis

5 Market segmentation by products

6 Customer landscape

7 Geographical landscape

8 Drivers, challenges and trends

9 Supplier landscape

10 Supplier Analysis

11 Appendix

About Technavio

Technavio is a leading global technology research and consulting company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 dedicated analysts, Technavio’s report library consists of more than 17,000 reports and growing, covering 800 technologies spanning 50 countries. Their client base consists of businesses of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, in-depth research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

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Global Castor Oil and Its Derivatives Market 2022-2026

Global Castor Oil and Its Derivatives Market 2022-2026

Sission

Sission

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