Press release
Castor Oil Derivative Market to Discern Steadfast Expansion by 2021
To access full report @ www.persistencemarketresearch.com/market-research/castor-…
Based on the type, castor oil and its derivative market can be broadly categorized as Hydrogenated Castor Oil (HCO), 12-Hydroxy Stearic Acid (12 HAS), Methyl 12 HSA (Hydroxy Stearate Acid), COLM (Urethane Grade), Ethoxylated Castor Oil, Dehydrated castor oil, Castor wax, C-7 Derivatives of Castor Oil, C 11 Derivatives of Castor Oil, and C 18 Derivatives of Castor Oil. The C-7 derivatives of castor oil include Heptanoic Acid, Heptaldehyde, and Heptyl Alcohol (Heptanol). C-11 derivatives of castor oil include undecylenic acid and zinc undecylenate, whereas C-18 derivative of castor oil include Ricinoleic acid, Methyl ricinoleate, Sebacic acid, and 2-octanol. Sebacic acid and dehydrated castor oil are among the major revenue generators in the global castor oil market. Large-scale adoption of sebacic acid in plasticizers, lubricants, hydraulic fluids, cosmetics, and manufacturing of candles is catalyzing its growth in the global market. Castor wax is the fastest growing type of castor oil. Due to the growing acceptance of castor wax in applications such as cosmetics, lubrication, coatings and greases, its demand is witnessing a massive surge.
A sample of this report is available upon request @ www.persistencemarketresearch.com/samples/4370
Based on the end-user application areas, the global castor oil market can be segmented into: lubricants, surface coatings, biodiesel, cosmetics and pharmaceuticals, plastics and resins, and others. Cosmetics and pharmaceuticals followed by surface coatings, and plastics and resin industry are the largest consumers of castor oil whereas the surface coatings industry is the fastest growing end-user for the castor oil. Castor oil has a low significance in the biodiesel industry as the production cost of castor oil is higher as compared to other biofuels.
Asia Pacific is the largest consumer of castor oil and is expected to retain the higher growth rate during the next few years due to strong growth in surface coatings, pharmaceuticals, and cosmetics industry. Increasing demand for renewable fuel sources is making the Asia Pacific castor oil market seem more lucrative. China and India have witnessed a major chunk of the production and consumption of castor oil in the Asia Pacific region. Easy availability of key raw material (castor oil seed) in abundance is leading to a surge in the production of castor oil in China and India. India is the largest producer and exporter of castor oil, accounting for over 60% share in 2013. The castor oil market in Europe is growing on the back of rising demand of bio based cosmetic production, whereas the demand for castor oil in North America is driven by the strong consumption of biodiesel.
To view TOC of this report is available upon request @ www.persistencemarketresearch.com/toc/4370
Some leading players operating in the global castor oil and its derivative market include Thai Castor Oil Industries Co. Ltd., ITOH Oil Chemicals Co. Ltd., Jayant Agro Organics, Hokoku Corporation, RPK Agrotech, Xingtai Lantian Fine Chemical Co. Ltd., Tongliao TongHua Castor Chemical Co. Ltd., Taj Agro Products, Kanak Castor Products Pvt. Ltd., Adani Wilmar, NK Proteins, Liaoyang Huaxing Chemical Co., Ltd., Enovel, Bom Brazil, and Gokul Overseas.
Key geographies evaluated in this report are:
North America
U.S
Canada
Europe
France, Germany, Italy, Spain, and the UK
Eastern Europe
CIS
APAC
China
India
Japan
Australia
Others
Latin America
Argentina
Brazil
Others
Key features of this report
Drivers, restraints, and challenges shaping the Castor Oil and Derivative market dynamics
Latest innovations and key events in the industry
Analysis of business strategies of the top players
Castor Oil and Derivative market estimates and forecasts(2015 -2021)
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Castor Oil Derivative Market to Discern Steadfast Expansion by 2021 here
News-ID: 642634 • Views: …
More Releases from Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market
The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to…
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market
The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in…
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market
The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According…
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market
The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained…
More Releases for Castor
Castor Bean Market Hits New High | Major Giants Gokul Refoils, Jayant Agro, NK P …
HTF MI just released the Global Castor Bean Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
Major companies profiled in Castor Bean Market are: Gokul Refoils, Jayant…
Castor Oil Market Research Report 2029
Castor Oil Market Size
The global Castor Oil Market revenue was US$ 1325.9 million in 2022 and is forecast to a readjusted size of US$ 1612.4 million by 2029 with a CAGR of 2.8% during the forecast period (2023-2029).
Get Free Sample @ https://reports.valuates.com/request/sample/QYRE-Auto-9I16076/Global_and_India_Castor_Oil_Market_Report_Forecast_2023_2029
Castor oil is is a pale yellow vegetable oil that is extracted from castor seeds. Castor oil is mainly used in preservative, medicine, lubrication etc.
Currently, India is the largest…
Castor Oil Market Overview Key Trends Competitive Landscape till 2028 | Castor O …
(Latest Industry Report 2022) Castor Oil Market report provides a basic overview of the industry including definitions and classifications. The market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. The study provides a complex examination of the application, including a detailed cost assessment analysis of the products available in the global market with respect to the profit margins of established…
Castor Oil Market Unidentified Segments – The Biggest Opportunity Of 2020 | Am …
The Global Castor Oil Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2019-2027). The assessment provides a 360° view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding…
Castor Oil & Derivative Market || Key Players - The Castor Oil Industries Ltd, A …
The expanding database of Market Research Reports Search Engine (MRRSE) has been recently updated by the addition of a new study which is titled as “Castor Oil & Derivative Market - Analysis Covering Size, Share, Growth, Trends and Forecast till 2026”. The fact-based research report on the global Castor Oil & Derivative market covers various aspects such as trends, drivers, challenges and opportunities that have an influence on the growth…
Castor Market 2023 Global Analysis By key Players – Gokul Refoils and Solvent …
Global Castor Market Report added by MarketstudyReport.com offers industry size, share, growth, trends and forecast analysis up to 2023. Castor Market Report also covers top key players, porter’s five forces analysis and market segmentation in detail. This report examines the global Castor market and provides information regarding the revenue for the period 2018 to 2023.
Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/1154679
Castor bean is the fruits…
