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Castor-Oil-And-Derivatives-Market

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Global castor oil market is also expected to witness strong growth on account of increasing demand from automotive sector across the globe. Increasing application scope of castor oil and derivatives in major end-use industries including pharmaceutic
Hexa Research
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Global Castor Oil and Derivatives Market Research Report - Industry
Analysis, Size, Growth and Forecast to 2020: Hexa Research
Castor oil and derivatives market has been growing at a good pace over the past few years on
account of growing demand for bio-degradable products. Increasing environmental concerns is
the key factor expected to boost the market over the foreseeable period. Stringent regulation
from government boards including EPA and PNGRB to limit the usage of traditional
petrochemicals resulted in shift in focus towards castor oil and its derivatives. This shift in focus
is likely to create an opportunity for the market players. Volatile price of petrochemical is the
other key factor which is expected to surge the demand for bio-degradable products over the
foreseeable period. Bio-degradable products demand is presume to drive castor oil and
derivatives market growth over the next six years. Global castor oil market is also expected to
witness strong growth on account of increasing demand from automotive sector across the
globe. Increasing application scope of castor oil and derivatives in major end-use industries
including pharmaceuticals, cosmetics & personal care and plastics & resins is expected to fuel
the market growth over the forecast period. However, increasing prices of raw materials
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Hexa Research
Fact-based market research, penetrating industry insights and validated
forecasts to help you make better decisions for a stronger future
including castor seeds coupled with low prices of other renewable chemicals is anticipated to
impact the market negatively over the forecast period.
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Product Insights
Sebabic acid is the major product segment of castor oil & derivatives followed by caster wax
and dehydrated castor oil. Sebabic acid has found large number of applications in major
industries, which is expected to drive the market over the forecast period. Castor oil &
derivatives market is expected to witness strong growth over the next six years owing to
increasing application scope of caster wax in cosmetics and personal care products.
Application Insights
Cosmetics and health care industry was the largest application segment for castor oil &
derivatives market over the last decade, and the trend is expected to continue over the forecast
period. Increasing R&D activities in health care to broaden the application of bio-based products
in this segment is the key factor expected to drive castor oil & derivatives market over the next
six years. Surface coating is anticipated to witness strong growth over the forecast period owing
to increasing demand from construction sector across the globe.
Regional Insights
Asia pacific was the largest market for castor oil and its derivatives over the last decade in terms
of production and exports. India is the largest producer of castor oil followed by China.
Increasing demand from end use industries including personal care, pharmaceuticals and
lubricants is anticipated to surge the market growth over the next six years in this region. North
America was the largest consumers of castor oil and its derivatives owing to increasing demand
for bio degradable products in cosmetics and pharmaceuticals. Europe castor oil market is
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Hexa Research
Fact-based market research, penetrating industry insights and validated
forecasts to help you make better decisions for a stronger future
expected to witness significant growth over the foreseeable period owing to increasing bio
diesel demand coupled with stringent regulations from EPA to reduce the usage of traditional
petrochemicals.
Competitive Insights
Increasing R&D activities by key market players is expected to enhance application scope and
end-use specific product development for plastics & rubber, paints, lubricants, food, and textile
industries over the forecast period. Some key players in castor oil & derivatives market include
Thai Castor Oil Industries Co. Ltd., Castor Chemical Co. Ltd., Adani Group, Kanak Castor
Products Pvt. Ltd. and Liaoyang Huaxing Chemical Ltd. Co among others.
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Table of Contents
Chapter 1. Executive Summary
1.1. Castor Oil & Derivatives- Industry Summary and Critical Success Factors (CSFs)
Chapter 2. Castor Oil & Derivatives Industry Outlook
2.1. Market Segmentation
2.2. Market Size and Growth Prospects
2.3. Castor Oil & Derivatives Value Chain Analysis
2.4. Castor Oil & Derivatives Market Dynamics
2.4.1. Market driver analysis
2.4.1.1. Growing demand for renewable and sustainable source
2.4.1.2. Growing petrochemical prices
2.4.1.3. Growth of major end-use industries
2.4.2. Market restraint analysis
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2.4.2.1. Volatile raw material prices
2.4.2.2. Seasonality factors
2.5. Key Opportunities Prioritized
2.6. Castor Oil & Derivatives - Recent Market Developments by Company
2.7. Industry Analysis - Porter's
2.8. Castor Oil & Derivatives Market PESTEL Analysis, 2013
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Website - http://www.hexaresearch.com/
Contact: +1-800-489-3075
Email : [email protected]
Website: http://www.hexaresearch.com/
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