Market Overview:
Castor oil is a vegetable oil obtained by pressing the seeds of the castor plant. Castor oil is used in cosmetics, as a carrier oil for essential oils, and in industrial applications. The global castor oil and its derivatives market was valued at US$ XX Mn in 2017 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period 2018-2030. The global castor oil and its derivatives market has been segmented on the basis of type, application and region. On the basis of type, the market has been segmented into sebacic acid, undecylenic acid, castor wax and others. Sebacic acid accounted for major share of total revenue generated by type segment in 2017 owing to its extensive use across various applications such as foods, pharmaceuticals & cosmetics among others. On the basis of application, food accounted for major share followed by pharmaceuticals & cosmetics segments respectively in 2017 due to increasing demand from these end user industries across globe .
Product Definition:
Castor oil, also called castor bean oil, is a vegetable oil obtained by pressing the seeds of the castor plant (Ricinus communis). Castor oil is used as a laxative and as an ingredient in cosmetics. Derivatives of castor oil are used in the manufacture of plastics, paints, resins, dyes, and medicines.
Sebacic Acid:
Sebacic acid is a white crystalline compound, soluble in water and ethanol. It has a slight odor and taste. It is commercially available as anhydrous form which can be re-crystallized by the addition of water or alcohol. The anhydrous form has better purity than its counterpart which can be obtained as a mixture with other compounds such as stearic acid in commercial grades of castor oil.
Undecylenic Acid:
undecylenic acid is an organic compound derived from castor oil. It is a colorless liquid with a strong odor. The product has high demand in the cosmetics and rubber industries as an undecylenate, which is used for making tires softer and providing them with better grip characteristics.
The product also finds application in the personal care industry as it acts as a skin-conditioning agent, emollient,.
Application Insights:
The industrial application segment led the global castor oil and its derivatives market in 2017. This is attributed to increasing demand for the product from various industries including paints & coatings, paper & pulp, lubrication oils, plasticizers and pharmaceuticals. The food application segment is expected to witness a CAGR of XX% over the forecast period owing to rising demand for edible castor oil as a source of nutrition among other benefits it offers such as anti-inflammatory properties that help treat cardiovascular diseases and cancerous tumors.
Castor waxes are used in candles, soaps, cosmetics (excluding lipsticks), paints & coatings (including automotive) along with several other industrial applications due to their high melting point which makes them ideal products for processing certain materials at temperatures above room temperature.
Regional Analysis:
North America emerged as the dominant regional market in 2017. The region is expected to maintain its position during the forecast period. Increasing demand for castor oil from various application industries such as cosmetics, pharmaceuticals, and food products on account of rising consumer awareness regarding health and hygiene is one of the major factors driving growth in this region.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing product consumption in countries like India, China, Japan, South Korea & Australia on account of growing industrialization coupled with rapid urbanization.
Europe also held a considerable share of global castor oil market due to high consumer awareness regarding benefits associated with natural ingredients used for making cosmetics along with other applications which has resulted into high demand from countries like Germany Italy Russia Spain U.K.
Growth Factors:
- Castor oil is a vegetable oil that is extracted from the castor bean. It has a wide range of applications in both the food and non-food industries.
- Castor oil is a source of ricinoleic acid, which has anti-inflammatory and analgesic properties. This makes it an ideal ingredient for skin care products and cosmetics.
- Castor oil is also used as a biofuel, because it has high thermal stability and produces less emissions than other fuels such as diesel fuel or gasoline.
- Castor oil derivatives such as methyl esters are used as additives in biodiesel fuel to improve its performance characteristics such as cetane number, cold flow properties, oxidative stability, etcetera . This widens the application scope of castor oil beyond just biofuels to include other transportation fuels too . 5) The increasing demand for renewable energy sources will drive the growth of the castor oil derivatives market in the coming years
Scope Of The Report
Report Attributes
Report Details
Report Title
Castor Oil and its Derivatives Market Research Report
By Type
Sebacic Acid, Undecylenic Acid, Castor Wax, Others
By Application
Foods, Pharmaceuticals, Cosmetics, Industrial Application, Others
By Companies
Jayant Agro, Arkema, NK Industries, Thai Castor Oil Industries, RPK Agrotech, Girnar Industries, Kisan Agro
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Castor Oil and its Derivatives Market Report Segments:
The global Castor Oil and its Derivatives market is segmented on the basis of:
Types
Sebacic Acid, Undecylenic Acid, Castor Wax, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Foods, Pharmaceuticals, Cosmetics, Industrial Application, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Jayant Agro
- Arkema
- NK Industries
- Thai Castor Oil Industries
- RPK Agrotech
- Girnar Industries
- Kisan Agro
Highlights of The Castor Oil and its Derivatives Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Sebacic Acid
- Undecylenic Acid
- Castor Wax
- Others
- By Application:
- Foods
- Pharmaceuticals
- Cosmetics
- Industrial Application
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Castor Oil and its Derivatives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Castor oil is a natural oil obtained from the castor bean. Castor oil derivatives are chemicals that have been created by chemically altering castor oil. These derivatives include products used in cosmetics, pharmaceuticals, and other industrial applications.
Some of the major players in the castor oil and its derivatives market are Jayant Agro, Arkema, NK Industries, Thai Castor Oil Industries, RPK Agrotech, Girnar Industries, Kisan Agro.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Castor Oil and its Derivatives Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Castor Oil and its Derivatives Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Castor Oil and its Derivatives Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Castor Oil and its Derivatives Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Castor Oil and its Derivatives Market Size & Forecast, 2020-2028
4.5.1 Castor Oil and its Derivatives Market Size and Y-o-Y Growth
4.5.2 Castor Oil and its Derivatives Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Sebacic Acid
5.2.2 Undecylenic Acid
5.2.3 Castor Wax
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Foods
6.2.2 Pharmaceuticals
6.2.3 Cosmetics
6.2.4 Industrial Application
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Castor Oil and its Derivatives Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Castor Oil and its Derivatives Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Sebacic Acid
9.6.2 Undecylenic Acid
9.6.3 Castor Wax
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Foods
9.10.2 Pharmaceuticals
9.10.3 Cosmetics
9.10.4 Industrial Application
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Sebacic Acid
10.6.2 Undecylenic Acid
10.6.3 Castor Wax
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Foods
10.10.2 Pharmaceuticals
10.10.3 Cosmetics
10.10.4 Industrial Application
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Sebacic Acid
11.6.2 Undecylenic Acid
11.6.3 Castor Wax
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Foods
11.10.2 Pharmaceuticals
11.10.3 Cosmetics
11.10.4 Industrial Application
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Sebacic Acid
12.6.2 Undecylenic Acid
12.6.3 Castor Wax
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Foods
12.10.2 Pharmaceuticals
12.10.3 Cosmetics
12.10.4 Industrial Application
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Sebacic Acid
13.6.2 Undecylenic Acid
13.6.3 Castor Wax
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Foods
13.10.2 Pharmaceuticals
13.10.3 Cosmetics
13.10.4 Industrial Application
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Castor Oil and its Derivatives Market: Competitive Dashboard
14.2 Global Castor Oil and its Derivatives Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Jayant Agro
14.3.2 Arkema
14.3.3 NK Industries
14.3.4 Thai Castor Oil Industries
14.3.5 RPK Agrotech
14.3.6 Girnar Industries
14.3.7 Kisan Agro
