Market Overview:
The global hydrogenated 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 pharmaceutical excipients and other applications. The hydrogenated castor oil market is segmented on the basis of type, application, and region. On the basis of type, PEG-40, PEG-60, and PEG-80 are the major types of hydrogenated castor oil available in the market. Among these types, PEG-40 is expected to witness high growth during the forecast period owing to its properties such as solubility in water and nonionic nature that make it suitable for use as an excipient in various formulations. On the basis of application, pharmaceutical excipients account for a major share ofthe global hydrogenated castor oil market due to its growing demand from various end users such as drug manufacturers and contract research organizations (CROs).
Product Definition:
Hydrogenated Castor Oil is a vegetable oil that has been hydrogenated to increase its shelf life. It is used as an ingredient in cosmetics, personal care products, and other household items.
PEG-40:
PEG-40 is a type of fatty acid ester, which is derived from hydrogenated castor oil. It has been used in various personal care products such as shampoos, moisturizers and body lotions due to its water repellent property. PEG-40 also acts as an emulsifier in the production of cosmetics and other personal care products.
PEG-60:
PEG-60 is a polymer with an approximate molecular weight of 600. It is also known as polyethylene glycol 60 or PEG. The product has applications in several end-use industries such as cosmetics, pharmaceuticals, and food additives among others. In the cosmetics industry it is used to manufacture hair care products including shampoos & conditioners and makeup products including lipsticks & foundations among others.
Application Insights:
The other application segment accounted for the largest revenue share of over 70% in 2017. The product is widely used as a binder and/or dispersant in adhesives, sealants, and paints. It is also used as an emulsifier, foaming agent, and wetting agent in several applications such as printing ink; textile coatings; water-based food packaging; flooring cleaners; metalworking fluids (MWF); leather working liquids (LWL); plasticizers for polyvinyl chloride (PVC) resins & rubber products among others.
Hydrogenated castor oil based pharmaceutical excipients are gaining significant demand owing to their biodegradable properties which are essential to achieve sustainable development goals set by the United Nations regarding healthcare delivery systems across the globe.
Regional Analysis:
Asia Pacific was the leading revenue contributor in 2017. The region is expected to maintain its dominance over the forecast period owing to high product demand from various end-use industries, such as cosmetics and pharmaceuticals. China is one of the largest producers of castor oil due to easy availability of raw materials in the country. Moreover, increasing number of manufacturers based in China has led to increased production capacity for this commodity across Asia Pacific region.
North America hydrogenated castor oil market was valued at USD X million in 2017 and is anticipated to witness steady growth over the forecast period owing to growing demand for hydrogenated oils from major application sectors including food processing, cosmetics, and pharma excipients among others.
Growth Factors:
- Increasing demand for bio-based lubricants: The global market for bio-based lubricants is projected to grow at a CAGR of 9.5% from 2016 to 2021. This growth can be attributed to the increasing environmental awareness among consumers and stringent regulations on the use of conventional lubricants. Hydrogenated Castor Oil is a biobased product and hence has high potential in the bio-based lubricants market.
- Rising demand from end-use industries: The automotive, aerospace, and industrial sectors are key end-use industries for hydrogenated castor oil products. These industries are expected to witness robust growth in the coming years, owing to factors such as rising disposable income, urbanization, and technological advancements. This will lead to an increase in demand for hydrogenated castor oil products in these sectors
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydrogenated Castor Oil Market Research Report
By Type
PEG-40, PEG-60, PEG-80
By Application
Pharmaceutical Excipients, Other
By Companies
BASF, Vertellus, ABITEC, Berg + Schmidt, Itoh Oil Chemicals, Gokul Overseas, ROYAL CASTOR PRODUCTS, Lambent Technologies, TGV Group, Tonghua Castor Chemical, Alpha Hi-Tech
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Hydrogenated Castor Oil Market Report Segments:
The global Hydrogenated Castor Oil market is segmented on the basis of:
Types
PEG-40, PEG-60, PEG-80
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
Pharmaceutical Excipients, 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:
- BASF
- Vertellus
- ABITEC
- Berg + Schmidt
- Itoh Oil Chemicals
- Gokul Overseas
- ROYAL CASTOR PRODUCTS
- Lambent Technologies
- TGV Group
- Tonghua Castor Chemical
- Alpha Hi-Tech
Highlights of The Hydrogenated 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:
- PEG-40
- PEG-60
- PEG-80
- By Application:
- Pharmaceutical Excipients
- 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 Hydrogenated 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
- 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?
Hydrogenated castor oil is a type of vegetable oil that has been chemically altered to increase its stability and shelf life. Hydrogenation involves adding hydrogen gas to the oil, which makes it more resistant to heat and oxidative damage.
Some of the major players in the hydrogenated castor oil market are BASF, Vertellus, ABITEC, Berg + Schmidt, Itoh Oil Chemicals, Gokul Overseas, ROYAL CASTOR PRODUCTS, Lambent Technologies, TGV Group, Tonghua Castor Chemical, Alpha Hi-Tech.
The hydrogenated castor oil market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hydrogenated Castor Oil Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hydrogenated Castor Oil Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hydrogenated Castor Oil Market - Supply Chain
4.5. Global Hydrogenated Castor Oil Market Forecast
4.5.1. Hydrogenated Castor Oil Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hydrogenated Castor Oil Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hydrogenated Castor Oil Market Absolute $ Opportunity
5. Global Hydrogenated Castor Oil Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hydrogenated Castor Oil Market Size and Volume Forecast by Type
5.3.1. PEG-40
5.3.2. PEG-60
5.3.3. PEG-80
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hydrogenated Castor Oil Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hydrogenated Castor Oil Market Size and Volume Forecast by Application
6.3.1. Pharmaceutical Excipients
6.3.2. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hydrogenated Castor Oil Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hydrogenated Castor Oil Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hydrogenated Castor Oil Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hydrogenated Castor Oil Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hydrogenated Castor Oil Demand Share Forecast, 2019-2026
9. North America Hydrogenated Castor Oil Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hydrogenated Castor Oil Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hydrogenated Castor Oil Market Size and Volume Forecast by Application
9.4.1. Pharmaceutical Excipients
9.4.2. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hydrogenated Castor Oil Market Size and Volume Forecast by Type
9.7.1. PEG-40
9.7.2. PEG-60
9.7.3. PEG-80
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hydrogenated Castor Oil Demand Share Forecast, 2019-2026
10. Latin America Hydrogenated Castor Oil Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hydrogenated Castor Oil Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hydrogenated Castor Oil Market Size and Volume Forecast by Application
10.4.1. Pharmaceutical Excipients
10.4.2. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hydrogenated Castor Oil Market Size and Volume Forecast by Type
10.7.1. PEG-40
10.7.2. PEG-60
10.7.3. PEG-80
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hydrogenated Castor Oil Demand Share Forecast, 2019-2026
11. Europe Hydrogenated Castor Oil Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hydrogenated Castor Oil Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hydrogenated Castor Oil Market Size and Volume Forecast by Application
11.4.1. Pharmaceutical Excipients
11.4.2. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hydrogenated Castor Oil Market Size and Volume Forecast by Type
11.7.1. PEG-40
11.7.2. PEG-60
11.7.3. PEG-80
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Maket Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hydrogenated Castor Oil Demand Share, 2019-2026
12. Asia Pacific Hydrogenated Castor Oil Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hydrogenated Castor Oil Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hydrogenated Castor Oil Market Size and Volume Forecast by Application
12.4.1. Pharmaceutical Excipients
12.4.2. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hydrogenated Castor Oil Market Size and Volume Forecast by Type
12.7.1. PEG-40
12.7.2. PEG-60
12.7.3. PEG-80
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hydrogenated Castor Oil Demand Share, 2019-2026
13. Middle East & Africa Hydrogenated Castor Oil Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hydrogenated Castor Oil Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hydrogenated Castor Oil Market Size and Volume Forecast by Application
13.4.1. Pharmaceutical Excipients
13.4.2. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hydrogenated Castor Oil Market Size and Volume Forecast by Type
13.7.1. PEG-40
13.7.2. PEG-60
13.7.3. PEG-80
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hydrogenated Castor Oil Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hydrogenated Castor Oil Market: Market Share Analysis
14.2. Hydrogenated Castor Oil Distributors and Customers
14.3. Hydrogenated Castor Oil Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Vertellus
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ABITEC
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Berg + Schmidt
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Itoh Oil Chemicals
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Gokul Overseas
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ROYAL CASTOR PRODUCTS
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Lambent Technologies
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. TGV Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Tonghua Castor Chemical
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Alpha Hi-Tech
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
