Market Overview:
The global PEG-40 castor oil market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for PEG-40 castor oil in skin care products, hair care products, cosmetics, and other applications. In terms of purity, the global PEG-40 castor oil market can be segmented into three categories: purity ≥98%, purity ≥99%, and other. The other category includes Castor Oil with less than 98% or 99% purity levels.
Product Definition:
PEG-40 Castor Oil is a vegetable-based, water soluble emulsifier. It is used as an ingredient in skin care products and cosmetics to bind ingredients together and to help them penetrate the skin.
Purity≥98%:
Purity 98% is a specification for industrial chemical products that contain less than 2% of moisture or other impurities by weight. It is used as an ingredient in the manufacturing of plasticizers, lubricants, solvents, and coatings. Purity 98%, when used as a solvent in the production of polyethylene glycols (PEG), helps to obtain high-quality product with low water content which reduces process costs and increases yield.
Purity≥99%:
Purity 99% is a technical term used for the degree of purity of ethyl esters or fatty alcohols. It is usually represented by the symbol P99%. The product has applications in various industries such as cosmetics, pharmaceuticals, and food & beverages. In cosmetics industry it finds application as an emulsifier, solubilizer, and viscosity controller among others. It also helps in maintaining the color and texture of cosmetic products during formulation processing.
Application Insights:
The skin care products, hair care products and cosmetic application segments dominated the global market in terms of revenue share in 2017. The demand for PEG-40 castor oil is increasing in various skin care formulations as it helps to smoothen and moisturize the skin. Moreover, it helps to improve dryness caused due to harsh climatic conditions such as high temperature & humidity. In addition, it works well with other essential oils such as lavender which enhances its properties for better results.
Castor oil is used for treating various health issues including acne vulgaris because of its antibacterial property against Propionibacterium acnes bacteria that causes pimples on the face & body.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The presence of major product manufacturers in China, India, Japan and South Korea is anticipated to drive regional growth. Rising consumer awareness regarding personal grooming products along with increasing spending power are other key factors driving regional expansion.
The European market was valued at USD X million in 2017 owing to high purity level of castor oil present across countries such as Germany, U.K., France and Italy which are majorly consumed globally owing to their easy availability at a low cost coupled with increased demand for cosmetic products from these regions over the past few years has positively influenced overall industry growth in this region significantly. North America also accounted for a considerable share due to growing demand from end-use industries such as cosmetics & personal care; food processing; pharmaceuticals etc.
Growth Factors:
- Increasing demand for natural and organic personal care products
- Rising awareness about the benefits of PEG-40 Castor Oil
- Growing popularity of DIY skin care recipes
- Rising number of online retailers selling PEG-40 Castor Oil
- increasing use in hair and skin products
Scope Of The Report
Report Attributes
Report Details
Report Title
PEG-40 Castor Oil Market Research Report
By Type
Purity≥98%, Purity≥99%, Other
By Application
Skin Care Products, Hair Care Products, Cosmetic, Other
By Companies
Zschimmer & Schwarz, Hannong Chemicals, Nikkol, Global Seven (Ethox Chemicals), Croda, Lakeland Chemicals, Sabo, ErcaWilmar, Protameen Chemicals, Ambuja Solvex, BASF, Oxiteno, Elé Corporation, KLK Kolb Specialties, Jeen International
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
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global PEG-40 Castor Oil Market Report Segments:
The global PEG-40 Castor Oil market is segmented on the basis of:
Types
Purity≥98%, Purity≥99%, Other
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
Skin Care Products, Hair Care Products, Cosmetic, Other
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:
- Zschimmer & Schwarz
- Hannong Chemicals
- Nikkol
- Global Seven (Ethox Chemicals)
- Croda
- Lakeland Chemicals
- Sabo
- ErcaWilmar
- Protameen Chemicals
- Ambuja Solvex
- BASF
- Oxiteno
- Elé Corporation
- KLK Kolb Specialties
- Jeen International
Highlights of The PEG-40 Castor Oil 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:
- Purity≥98%
- Purity≥99%
- Other
- By Application:
- Skin Care Products
- Hair Care Products
- Cosmetic
- Other
- 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 PEG-40 Castor Oil 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
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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?
PEG-40 Castor Oil is a vegetable oil that is derived from castor beans. It has a high viscosity and low melting point, which makes it ideal for use in cosmetics and personal care products.
Some of the major players in the peg-40 castor oil market are Zschimmer & Schwarz, Hannong Chemicals, Nikkol, Global Seven (Ethox Chemicals), Croda, Lakeland Chemicals, Sabo, ErcaWilmar, Protameen Chemicals, Ambuja Solvex, BASF, Oxiteno, El© Corporation, KLK Kolb Specialties, Jeen International.
The peg-40 castor oil 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 PEG-40 Castor Oil 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 PEG-40 Castor Oil Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 PEG-40 Castor Oil 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 PEG-40 Castor Oil 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 PEG-40 Castor Oil Market Size & Forecast, 2018-2028 4.5.1 PEG-40 Castor Oil Market Size and Y-o-Y Growth 4.5.2 PEG-40 Castor Oil Market Absolute $ Opportunity
Chapter 5 Global PEG-40 Castor Oil 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 PEG-40 Castor Oil Market Size Forecast by Type
5.2.1 Purity≥98%
5.2.2 Purity≥99%
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global PEG-40 Castor Oil 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 PEG-40 Castor Oil Market Size Forecast by Applications
6.2.1 Skin Care Products
6.2.2 Hair Care Products
6.2.3 Cosmetic
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global PEG-40 Castor Oil 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 PEG-40 Castor Oil 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 PEG-40 Castor Oil Analysis and Forecast
9.1 Introduction
9.2 North America PEG-40 Castor Oil 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 PEG-40 Castor Oil Market Size Forecast by Type
9.6.1 Purity≥98%
9.6.2 Purity≥99%
9.6.3 Other
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 PEG-40 Castor Oil Market Size Forecast by Applications
9.10.1 Skin Care Products
9.10.2 Hair Care Products
9.10.3 Cosmetic
9.10.4 Other
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 PEG-40 Castor Oil Analysis and Forecast
10.1 Introduction
10.2 Europe PEG-40 Castor Oil 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 PEG-40 Castor Oil Market Size Forecast by Type
10.6.1 Purity≥98%
10.6.2 Purity≥99%
10.6.3 Other
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 PEG-40 Castor Oil Market Size Forecast by Applications
10.10.1 Skin Care Products
10.10.2 Hair Care Products
10.10.3 Cosmetic
10.10.4 Other
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 PEG-40 Castor Oil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific PEG-40 Castor Oil 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 PEG-40 Castor Oil Market Size Forecast by Type
11.6.1 Purity≥98%
11.6.2 Purity≥99%
11.6.3 Other
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 PEG-40 Castor Oil Market Size Forecast by Applications
11.10.1 Skin Care Products
11.10.2 Hair Care Products
11.10.3 Cosmetic
11.10.4 Other
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 PEG-40 Castor Oil Analysis and Forecast
12.1 Introduction
12.2 Latin America PEG-40 Castor Oil 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 PEG-40 Castor Oil Market Size Forecast by Type
12.6.1 Purity≥98%
12.6.2 Purity≥99%
12.6.3 Other
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 PEG-40 Castor Oil Market Size Forecast by Applications
12.10.1 Skin Care Products
12.10.2 Hair Care Products
12.10.3 Cosmetic
12.10.4 Other
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) PEG-40 Castor Oil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) PEG-40 Castor Oil 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) PEG-40 Castor Oil Market Size Forecast by Type
13.6.1 Purity≥98%
13.6.2 Purity≥99%
13.6.3 Other
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) PEG-40 Castor Oil Market Size Forecast by Applications
13.10.1 Skin Care Products
13.10.2 Hair Care Products
13.10.3 Cosmetic
13.10.4 Other
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 PEG-40 Castor Oil Market: Competitive Dashboard
14.2 Global PEG-40 Castor Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Zschimmer & Schwarz
14.3.2 Hannong Chemicals
14.3.3 Nikkol
14.3.4 Global Seven (Ethox Chemicals)
14.3.5 Croda
14.3.6 Lakeland Chemicals
14.3.7 Sabo
14.3.8 ErcaWilmar
14.3.9 Protameen Chemicals
14.3.10 Ambuja Solvex
14.3.11 BASF
14.3.12 Oxiteno
14.3.13 Elé Corporation
14.3.14 KLK Kolb Specialties
14.3.15 Jeen International