The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033
The Castor Oil And Derivatives by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Castor Oil And Derivatives, The castor oil and derivatives market size has grown strongly in recent years. It will grow from $1.31 billion in 2023 to $1.38 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to increased industrial applications of castor oil, pharmaceutical and cosmetic uses, increasing demand in textile industry, globalization of agriculture, emergence of specialty chemicals.The castor oil and derivatives market size is expected to see strong growth in the next few years. It will grow to $1.73 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%.
Rising demand for cosmetics products is expected to propel the growth of the castor oil and its derivatives market going forward. Cosmetics refers to any product intended to maintain, enhance, or modify the appearance of the skin, hair, nails, or teeth. It includes beauty preparations and grooming aids. Castor oil and derivatives are primarily used in manufacturing cosmetics products such as lotions, makeup, and cleansers due to its hydration properties. Hence the demand for cosmetics boosts the market for castor oil and its derivatives. For instance, in January 2021,.
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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
Top Major Players
Rpk Agrotech Exports Pvt Ltd.,
Adani Wilmar Limited,
Hokoku Corporation,
Taj Agro Products Limited,
Girnar Industries
The castor oil and derivatives market report table of contents includes:
1. Executive Summary
- Castor Oil And Derivatives Market Characteristics
- Castor Oil And Derivatives Market Trends And Strategies
- Castor Oil And Derivatives Market – Macro Economic Scenario
- Global Castor Oil And Derivatives Market Size and Growth
- Castor Oil And Derivatives Market Segmentation
- Castor Oil And Derivatives Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Castor Oil And Derivatives Market
- Castor Oil And Derivatives Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Castor Oil And Derivatives Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Castor Oil And Derivatives Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Castor Oil And Derivatives Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 75: Rpk Agrotech Exports Pvt Ltd. Financial Performance
Table 76: Adani Wilmar Limited Financial Performance
Table 77: Rpk Agrotech Exports Pvt Ltd. Financial Performance
Table 78: Adani Wilmar Limited Financial Performance
Table 79: Hokoku Corporation Financial Performance
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