Market Overview:
The global HCO flakes (hydrogenated castor oil flakes) market is expected to register a CAGR of 5.5% during the forecast period, 2018-2030. The industrial grade segment is projected to account for a major share of the global HCO flakes (hydrogenated castor oil flakes) market in terms of value, in 2018. However, the cosmetic grade segment is anticipated to register a higher CAGR during the forecast period. Based on application, cosmetics accounted for majority share of the global HCO flakes (hydrogenated castor oil flakes) market in 2017 and is projected to maintain its dominance throughout the forecast period. Grease and coatings are other key applications of HCO flake (hydrogenated castor oil flake). In terms of region, North America held dominant position in 2017 and is expected to maintain its lead throughout the forecast period.
 Industry Outlook.svg)
Product Definition:
HCO Flakes (Hydrogenated Castor Oil Flakes) are a product made from hydrogenated castor oil. They are used as an emulsifier, surfactant, and thickener in cosmetics and personal care products.
Industrial Grade:
Industrial grade is a hydrogenated castor oil flake, which is used as an ingredient in the manufacturing of hard candies. It has high usage rates in the HCO flakes market due to its unique properties such as solid fat content and low moisture levels. The product also provides longer shelf life and better stability leading to increased demand from end-use industries such as confectionery & chocolate, bakery & snacks, dairy products among others.
Cosmetic Grade:
Cosmetic grade is a product that has been purified, processed, and refined to enhance the appearance and appeal of the end-product.
1) Natural cosmetic grade includes products obtained from plant sources such as coconut oil, palm kernel oil, soybean oil etc.
Application Insights:
The cosmetics application segment led the global market and accounted for more than 35.0% share of the overall revenue in 2017. The product is used as a base material in various personal care products, such as hair care and skincare products, owing to its high lubricating properties. It is also used as an active ingredient in deodorants, antiperspirants, bath oils/bases and body lotions due to its anti-inflammatory & antioxidant properties.
Hydrogenated castor oil flakes are majorly used for manufacturing industrial greases that are utilized across a wide range of industries including food processing plants & chemical plants among others which require heavy-duty operations with low friction coefficient on metal surfaces coupled with long life span under severe environmental conditions such as heat & coldness etc.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and will expand further at a steady CAGR from 2018 to 2030 owing to growing industrialization, rapid urbanization, and increasing per capita income. The region is home to several emerging economies including China, India, Indonesia among others. Increasing foreign investments coupled with favorable government policies are expected to drive the manufacturing sector in this region which would result into increased consumption of hydrogenated castor oil flakes over the forecast period.
Europe accounted for more than 25% of global HCO flakes market share in 2017 on account of high demand from cosmetics industry due to consumer inclination towards organic personal care products along with rising demand for luxury beauty products across various countries including Germany, France Italy among others.
Growth Factors:
- Increasing demand for bio-based products: The global market for bio-based products is expected to grow at a CAGR of more than 14% from 2016 to 2021. This growth can be attributed to the increasing awareness about the benefits of using bio-based products and stringent regulations on the use of conventional petrochemical-based products. HCO flakes are a 100% biodegradable product and hence, have a huge potential in the bio-based product market.
- Rising demand from end users: The automotive industry is one of the key end users of HCO flakes. With stringent emission norms being implemented across different countries, automobile manufacturers are increasingly looking for ways to reduce emissions from their vehicles. Castor oil is known to be an excellent lubricant and hence, its use in automobiles can help reduce emissions significantly. In addition, castor oil also finds application in other industries such as textiles, cosmetics, pharmaceuticals etc., which will further drive the demand for HCO flakes in these industries
- Growing popularity of green technologies: Green technologies are becoming increasingly popular due to their ability to reduce environmental impact while providing cost savings over traditional technologies .HCO flakes can be used as an input material in various green technologies such as biodiesel production ,green printing etc., which will further boost its adoption among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
HCO Flakes (Hydrogenated Castor Oil Flakes) Market Research Report
By Type
Industrial Grade, Cosmetic Grade
By Application
Cosmetics, Grease, Coatings, Others
By Companies
NK Industries Ltd, Arvalli Castor Derivatives Private Limited, Ambuja Solvex Pvt. Ltd., RPK Agrotech, Gokul Agri, Adya Oil, Girnar Industries, NAMASVI INTERNATIONAL, Koster Keunen
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
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global HCO Flakes (Hydrogenated Castor Oil Flakes) Market Report Segments:
The global HCO Flakes (Hydrogenated Castor Oil Flakes) market is segmented on the basis of:
Types
Industrial Grade, Cosmetic Grade
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
Cosmetics, Grease, Coatings, 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:
- NK Industries Ltd
- Arvalli Castor Derivatives Private Limited
- Ambuja Solvex Pvt. Ltd.
- RPK Agrotech
- Gokul Agri
- Adya Oil
- Girnar Industries
- NAMASVI INTERNATIONAL
- Koster Keunen
 Market Overview.svg)
Highlights of The HCO Flakes (Hydrogenated Castor Oil Flakes) 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:
- Industrial Grade
- Cosmetic Grade
- By Application:
- Cosmetics
- Grease
- Coatings
- 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 HCO Flakes (Hydrogenated Castor Oil Flakes) 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
 Market Statistics.svg)
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?
HCO Flakes are a type of dietary supplement that is made from hydrogenated castor oil. They are often marketed as a weight loss supplement because they supposedly help to increase energy and reduce hunger. However, there is no evidence that HCO Flakes actually work to improve these outcomes.
Some of the major companies in the hco flakes (hydrogenated castor oil flakes) market are NK Industries Ltd, Arvalli Castor Derivatives Private Limited, Ambuja Solvex Pvt. Ltd., RPK Agrotech, Gokul Agri, Adya Oil, Girnar Industries, NAMASVI INTERNATIONAL, Koster Keunen.
The hco flakes (hydrogenated castor oil flakes) market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 HCO Flakes (Hydrogenated Castor Oil Flakes) 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 HCO Flakes (Hydrogenated Castor Oil Flakes) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 HCO Flakes (Hydrogenated Castor Oil Flakes) 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 HCO Flakes (Hydrogenated Castor Oil Flakes) 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 HCO Flakes (Hydrogenated Castor Oil Flakes) Market Size & Forecast, 2020-2028
4.5.1 HCO Flakes (Hydrogenated Castor Oil Flakes) Market Size and Y-o-Y Growth
4.5.2 HCO Flakes (Hydrogenated Castor Oil Flakes) 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 Industrial Grade
5.2.2 Cosmetic Grade
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 Cosmetics
6.2.2 Grease
6.2.3 Coatings
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global HCO Flakes (Hydrogenated Castor Oil Flakes) 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 HCO Flakes (Hydrogenated Castor Oil Flakes) 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 Industrial Grade
9.6.2 Cosmetic Grade
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 Cosmetics
9.10.2 Grease
9.10.3 Coatings
9.10.4 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 Industrial Grade
10.6.2 Cosmetic Grade
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 Cosmetics
10.10.2 Grease
10.10.3 Coatings
10.10.4 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 Industrial Grade
11.6.2 Cosmetic Grade
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 Cosmetics
11.10.2 Grease
11.10.3 Coatings
11.10.4 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 Industrial Grade
12.6.2 Cosmetic Grade
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 Cosmetics
12.10.2 Grease
12.10.3 Coatings
12.10.4 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 Industrial Grade
13.6.2 Cosmetic Grade
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 Cosmetics
13.10.2 Grease
13.10.3 Coatings
13.10.4 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 HCO Flakes (Hydrogenated Castor Oil Flakes) Market: Competitive Dashboard
14.2 Global HCO Flakes (Hydrogenated Castor Oil Flakes) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NK Industries Ltd
14.3.2 Arvalli Castor Derivatives Private Limited
14.3.3 Ambuja Solvex Pvt. Ltd.
14.3.4 RPK Agrotech
14.3.5 Gokul Agri
14.3.6 Adya Oil
14.3.7 Girnar Industries
14.3.8 NAMASVI INTERNATIONAL
14.3.9 Koster Keunen
