Quick Summary:
In the ever-evolving landscape of the global markets, staying ahead of the curve necessitates knowledge not only of sustained trends, but also emerging opportunities and the competitive landscape. In relation to the burgeoning Castor Oil and Derivatives market, our meticulously researched report allows senior executives to make data-driven decisions, providing thorough insights regarding the market, key segments, and geographic areas of growth and opportunity.
After studying the market trends, we have determined that Castor Oil and Derivatives market is set for exponential growth, with projections reaching 1.3 million tons by 2030. The findings also spotlight key emerging industries like Hydrogenated Castor Oil / Castor Wax and Sebacic Acid indicating significant CAGR. At the regional level, growth opportunities in China and the U.S. market have been detailed meticulously. Moreover, the comprehensive competitor analysis including total 12 featured players will provide valuable insights into the competitive landscape of the industry. Propel your business towards the future and seize your place within the industry with our in-depth market research report.
Global Castor Oil and Derivatives Market to Reach 1.3 Million Tons by 2030
The global market for Castor Oil and Derivatives estimated at 868.1 Thousand Tons in the year 2022, is projected to reach a revised size of 1.3 Million Tons by 2030, growing at a CAGR of 5.5% over the analysis period 2022-2030. Hydrogenated Castor Oil / Castor Wax, one of the segments analyzed in the report, is projected to record 5.7% CAGR and reach 410.7 Thousand Tons by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Sebacic Acid segment is readjusted to a revised 5.8% CAGR for the next 8-year period.The U.S. Market is Estimated at 236.5 Thousand Tons, While China is Forecast to Grow at 8.8% CAGR
The Castor Oil and Derivatives market in the U.S. is estimated at 236.5 Thousand Tons in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of 287.3 Thousand Tons by the year 2030 trailing a CAGR of 8.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.Select Competitors (Total 12 Featured) -
- Adani Wilmar Ltd.
- BOM Brasil Óleo de Mamona Ltda
- Girnar Industries
- Gokul Agri International Ltd.
- Hokoku Corporation
- ITOH Oil Chemicals Co., Ltd.
- Jayant Agro-Organics Limited
- Kanak Castor Products Pvt. Ltd.
- Liaoyang Huaxing Chemical Co., Ltd.
- N.K. Proteins Pvt Limited
- RPK Agrotech
- Taj Agro Products Limited
- Thai Castor Oil Industries Co. Ltd.
- Tongliao Tonghua Castor Chemical Co., Ltd.
- Xingtai Lantian Fine Chemical Co., Ltd.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Adani Wilmar Ltd.
- BOM Brasil Óleo de Mamona Ltda
- Girnar Industries
- Gokul Agri International Ltd.
- Hokoku Corporation
- ITOH Oil Chemicals Co., Ltd.
- Jayant Agro-Organics Limited
- Kanak Castor Products Pvt. Ltd.
- Liaoyang Huaxing Chemical Co., Ltd.
- N.K. Proteins Pvt Limited
- RPK Agrotech
- Taj Agro Products Limited
- Thai Castor Oil Industries Co. Ltd.
- Tongliao Tonghua Castor Chemical Co., Ltd.
- Xingtai Lantian Fine Chemical Co., Ltd.
