Global Castor Oil And Derivatives Market Segments 2024, Forecast To 2033
5 Mar, 2024
The castor oil and derivatives market has demonstrated strong growth, rising from $1.31 billion in 2023 to $1.38 billion in 2024, with a 5.8% CAGR. Historic growth is linked to industrial applications, pharmaceutical and cosmetic uses, and demand in the textile industry. Predicted to reach $1.73 billion in 2028 with a 5.9% CAGR, the forecast period emphasizes growth in cosmetic and personal care, bio-based plastics demand, and applications in agriculture.
Global Castor Oil And Derivatives Market Key Driver
The rising demand for cosmetic products is fueling the growth of the castor oil and derivatives market. Castor oil's hydration properties make it a key ingredient in skincare products, contributing to a 13% increase in skincare sales in the US. As the beauty industry continues to grow, especially in online channels, the demand for castor oil and its derivatives is set to rise, driven by the increasing popularity of cosmetic products.
Get A Free Sample Of The Global Castor Oil And Derivatives Market ReportGlobal Castor Oil And Derivatives Market Segments
The castor oil and derivatives market covered in this report is segmented –
1) By Product: 12-HAS, Dehydrated Castor Oil, Hydrogenated Castor Oil, Ricinoleic Acid, Sebacic Acid, Undecylenic Acid
2) By Grade: Pale Pressed Grade, First Special Grade (FSG), Commercial Grade, First Pressed Degummed Grade Castor Oil, British Pharma Grade (BPG), Other Grades
3) By Application: Lubricants, Cosmetics and Pharmaceuticals, Biodiesel, Plastics and Resins, Other Applications
4) By End-Use Industry: Healthcare, Cosmetics And Personal Care, Food Industry, Aerospace And Defense, Automotive, Electrical And Electronics, Other End-Use Industries
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the castor oil and derivatives market in 2023. The regions covered in the castor oil and derivatives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Castor Oil And Derivatives Industry Players
Rpk Agrotech Exports Pvt Ltd.; Adani Wilmar Limited; Hokoku Corporation; Taj Agro Products Limited; Girnar Industries; Kanak Castor Products Pvt. Ltd.; N.K. Proteins Pvt. Limited; Jayant Agro Organics Limited; Gokul Agri International Ltd.; ITOH Oil Chemicals Co. Ltd.; Ambuja Intermediates Pvt. Ltd.; Krishna Antioxidants Pvt. Ltd.; Thai Castor Oil Industries Co. Ltd.; Arvalli Castor Derivatives Private Limited; Xingtai Lantian Fine Chemical Co. Ltd.; Kokura Gosei Kogyo Ltd.; Arkema S.A.; Alberdingk Boley GmbH; Vrundavan Agro International; Tongliao Meihua United Biotech Co. Ltd.; Bom Brazil; Hangzhou Dayangchem Co. Ltd.; YNK Castor Products; Liaoning Xinhe Chemical Co. Ltd.; Hengshui Shanzhi Health Minerals Co. Ltd.; Gwalior Chemical Industries Ltd.; Tonghua Castor Chemical Co. Ltd.; Swan Isopropyls Ltd.; Biotor Industries Ltd.; Sapthagiri Agro Oil Mill; Tongliao Tys Chemical Co. Ltd.; Lasons India Pvt. Ltd.; La International
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AIOps Castor Oil And Derivatives Market Overview
Castor oil and derivatives refer to multifunctional chemicals that are primarily used in the production of surfactants, beauty and personal care products, medications, perfumes, greases, and other products. These are mainly used as a raw material to manufacture a number of chemicals.
Castor Oil And Derivatives Global Market Report 2023 provides data on the global castor oil and derivatives market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The castor oil and derivatives market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.