Castor Oil and Derivatives Market

Castor oil is a vegetable oil extracted from castor seeds. It is liquid at room temperature.Castor oil derivatives as long as include hydrogenated castor oil, oxidized castor oil, dehydrated castor oil, 12-hydroxystearic acid and so on.The global output of castor oil and its derivatives in 2018 was 730 kilotons, up 3% from 707 kilotons in 2017, and the market size grew at an average annual rate of 5% between 2018 and 2025.In 2018, India was the largest producer of castor oil and its derivatives, with output of 664 kilotons, accounting for 91% of the global market.China is the largest sales region, with sales volume of 222 thousand tons, accounting for 30% of the global market.The global market for castor oil and its derivatives is relatively concentrated, with the production share of 17 major enterprises reaching 76% and the market size accounting for 75% by 2018.The top five players in the market for castor Oil and its derivatives are Jayant Agro, NK Proteins, Adani Wilmar, RPK Agrotech and ITOH Oil Chemicals.Jayant Agro is firmly in the top spot, accounting for 26% of the market in 2018.The main product types in the global market of electric vehicle drive motors are castor oil, hydrogenated castor oil, dehydrated castor oil, 12-hydroxystearic acid and others.Globally, electric vehicle drive motors are mainly used in food, pharmaceuticals, cosmetics, industrial applications and other applications, with the largest proportion in industrial applications in 2018, accounting for 31%.
Castor Oil and Derivatives Market contains market size and forecasts of Castor Oil and Derivatives in global, including the following market information:
Global Castor Oil and Derivatives Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Castor Oil and Derivatives Market Sales, 2017-2022, 2023-2028, (Kilo MT)
Global top five Castor Oil and Derivatives companies in 2021 (%)
The global Castor Oil and Derivatives market was valued at 1510.4 million in 2021 and is projected to reach US$ 2081.6 million by 2028, at a CAGR of 4.7% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Castor Oil Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Castor Oil and Derivatives include Jayant Agro, NK Proteins, Adani Wilmar, RPK Agrotech, ITOH Oil Chemicals, Thai Castor Oil, Hokoku Corporation, Gokul Overseas and SHANGHAI RIHAO CHEMICAL CO.,LTD., etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Castor Oil and Derivatives manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Castor Oil and Derivatives Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Kilo MT)
Global Castor Oil and Derivatives Market Segment Percentages, by Type, 2021 (%)
Castor Oil
Hydrogenated Castor Oil
Oxidized Castor Oil
Dehydrated Castor Oil
12-hydroxystearic Acid
Others
Global Castor Oil and Derivatives Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Kilo MT)
Global Castor Oil and Derivatives Market Segment Percentages, by Application, 2021 (%)
Food
Drug
Cosmetics
Industrial
Others
Global Castor Oil and Derivatives Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Kilo MT)
Global Castor Oil and Derivatives Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Castor Oil and Derivatives revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Castor Oil and Derivatives revenues share in global market, 2021 (%)
Key companies Castor Oil and Derivatives sales in global market, 2017-2022 (Estimated), (Kilo MT)
Key companies Castor Oil and Derivatives sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Jayant Agro
NK Proteins
Adani Wilmar
RPK Agrotech
ITOH Oil Chemicals
Thai Castor Oil
Hokoku Corporation
Gokul Overseas
SHANGHAI RIHAO CHEMICAL CO.,LTD.
Dongying Kanghui Industry and Trade Co. Ltd
Kisan Agro
Weiyubiological
TIAN XING BIOTECHNOLOGY
Ambuja Solvex
Adya Oil
Wen Shu Jxlan Yellow River oll CO, LTD
Girnar Industries