Global Castor Oil And Derivatives Market Analysis, Market Growth, Trends and Segment Forecasts To 2020

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Global Castor Oil And Derivatives Market Analysis, Market
Growth, Trends and Segment Forecasts, 2012 To 2020
Industry Insights
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.
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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 pharmaceuticals, cosmetics & personal care and plastics & resins is
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expected to fuel the market growth over the forecast period. However, increasing prices of raw
materials including castor seeds coupled with low prices of other renewable chemicals is anticipated to
impact the market negatively over the forecast period.
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.
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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 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
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Co. Ltd., Castor Chemical Co. Ltd., Adani Group, Kanak Castor Products Pvt. Ltd. and Liaoyang Huaxing
Chemical Ltd. Co among others.
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
2.5. 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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Chapter 3. Castor Oil & Derivatives Product Outlook
3.1. Global Castor Oil & Derivatives Market Share by Product, 2013 & 2020
3.2. Sebacic Acid
3.3. Undecylenic Acid
3.4. Dehydrated Castor Oil
3.5. Others
Chapter 4. Castor Oil & Derivatives Application Outlook
4.1. Global Castor Oil & Derivatives Market Share by Application, 2012-2020
4.2. Lubricants
4.3. Surface Coatings
4.4. Biodiesel
4.5. Cosmetics & Pharmaceuticals
4.6. Plastics & Resins
4.7. Others
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Chapter 5. Castor Oil & Derivatives Regional Outlook
5.1. Global Castor Oil & Derivatives Market Share by Region, 2012-2020
5.2. North America
5.3. Europe
5.4. Asia Pacific
5.5. RoW
Chapter 6. Competitive Landscape
6.1. Thai Castor Oil Industries Co. Ltd.
6.2. ITOH Oil Chemicals Co. Ltd.
6.3. Jayant Agro Organics
6.4. Hokoku Corporation
6.5. RPK Agrotech
6.6. Taj Agro Products
6.7. Tongliao TongHua Castor Chemical Co. Ltd.
6.8. Xingtai Lantian Fine Chemical Co. Ltd.
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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.