Castor Oil and Derivatives Market Forecast to 2027 - Adani Wilmar Ltd., Hokoku Corporation, ITOH Oil Chemicals, Jayant Agro-Organics Limited

Castor is a vegetable oil extracted from the castor beans by pressing them. It is a rich source of monosaturated and ricolenic fatty acids. Castor oil and its derivatives possess well known medicinal benefits. They have antioxidant and anti-inflammatory properties, which makes them highly-priced in therapeutic applications. Castor oil also possesses consistent viscosity and low freezing point, making them an ideal alternative to synthetic lubricants.

MARKET DYNAMICS

The increasing consumption of bio-based lubricants and oils has led to high demand for castor oil and its derivatives. Castor oil is also used in the production of biofuels and bio-diesels. The transition from fossil fuel to renewable energy has been instrumental in shaping the biofuel industry. Widespread uses of biodiesel derived from castor in end-use industries such as energy, automotive, and aviation are anticipated to drive the demands for castor oils and derivatives. Furthermore, castor oil and its derivatives are highly regarded in the cosmetic and pharmaceutical industries and are used to manufacture hair oils and moisturizers. The pervasive uses of castor oils and derivatives in the cosmetic and pharmaceutical industries are expected to augment the consumption of castor oil even further.

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The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries including Chemicals and Materials, and many more. Trade barriers are further restraining the demand- supply outlook. As government of different regions have already announced total lockdown and temporarily shutdown of industries, the overall production process being adversely affected; thus, hinder the overall Castor Oil and Derivatives market globally. This report on 'Castor Oil and Derivatives market' provides the analysis on impact on Covid-19 on various business segments and country markets. The report also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.

MARKET SCOPE

The "Global Castor Oil and Derivatives Market Analysis to 2027" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the castor oil and derivatives market with detailed market segmentation by product, application, and geography. The global castor oil and derivatives market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading castor oil and derivatives market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global castor oil and derivatives market is segmented on the basis of product and application. On the basis of product, the castor oil and derivatives market is segmented into sebacic acid, 12-HAS,, ricinoleic acid, hydrogenated castor oil, undecylenic acid, dehydrated castor oil, and others. The castor oil and derivatives market on the basis of application is classified into lubricants, surface coatings, biodiesel, cosmetics & pharmaceuticals, plastics & resins, and others.

MARKET PLAYERS

The reports cover key developments in the castor oil and derivatives market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the castor oil and derivatives market are anticipated to lucrative growth opportunities in the future with the rising demand for castor oil and derivatives in the global market. Below mentioned is the list of few companies engaged in the castor oil and derivatives market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the castor oil and derivatives market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the key development in the past five years.

o Adani Wilmar Ltd.
o Hokoku Corporation
o ITOH Oil Chemicals Co., Ltd.
o Jayant Agro-Organics Limited
o N.K. Proteins Pvt Limited
o RPK Agrotech
o Taj Agro Products Limited
o Thai Castor Oil Industries Co. Ltd.
o Tongliao Tonghua Castor Chemical Co., Ltd.
o Xingtai Lantian Fine Chemical Co., Ltd.

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