Pune, Jan. 17, 2022 (GLOBE NEWSWIRE) -- Global “Castor Oil and Derivatives Market” research report 2022 highlights significant growth opportunities and business optimization strategies to improve market growth, drivers and limitations from the SWOT (strength, weakness, opportunities, and threats) analysis. A recent analysis and research provide incredible future possibilities, emerging trends, industry size, share, new advancements, information on key players, drivers, and industry challenges. This report aims to offer a comprehensive study of market segmentation on the basis of product type, application and region. Castor Oil and Derivatives market report discovers diverse topics such as important business trends and future development, driving forces and constraints, key market players, regional growth scenario, segmentation, and forecasting.
“Global Castor Oil and Derivatives market size is estimated to be worth US$ 1545.9 million in 2022 and is forecast to a readjusted size of US$ 2059.9 million by 2028 with a CAGR of 4.9% during the review period.”
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Moreover, the research report gives detailed data about the major factors influencing the growth of the Castor Oil and Derivatives market at the national and local level forecast of the market size, in terms of value, market share by region, and segment, regional market positions, segment and country opportunities for growth, Key company profiles, SWOT, product portfolio and growth strategies.
Covid-19 Impact On Castor Oil and Derivatives Industry:
The Covid-19 pandemic has negatively impacted the Castor Oil and Derivatives Market. With the industries. Major companies have suspended their operations in different locations due to the lockdown and social distancing norms. Post pandemic, the industry expects a lot of requirements and demand owing to the rapid urbanization and growing need for wise use of area present.
COVID-19 (Coronavirus) Global Market Conditions and Competitors: - In this report, analysts compile existing research on COVID-19, share key insights, and help the reader to spot new market opportunities related to the pandemic. Topics include product development pipelines, diagnostic testing approaches, vaccine development programs, regulatory approvals, and much more.
About 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 an output of 664 kilotons, accounting for 91% of the global market. China is the largest sales region, with a 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 major 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 main 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%.
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This report gives a detailed description of all the factors influencing the growth of these market players as well as profiles of their companies, their product portfolios, marketing strategies, technology integrations, and more information about these market players. Some of the key players are as follow:
The Major Key Players Listed in Castor Oil and Derivatives Market Report are:
- 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
Market Analysis and Insights: Global Castor Oil and Derivatives Market
Due to the COVID-19 pandemic, the global Castor Oil and Derivatives market size is estimated to be worth US$ 1545.9 million in 2022 and is forecast to a readjusted size of US$ 2059.9 million by 2028 with a CAGR of 4.9% during the review period. Fully considering the economic change by this health crisis, Castor Oil accounting for the Castor Oil and Derivatives global market in 2021, is projected to value US$ million by 2028, growing at a revised CAGR in the post-COVID-19 period. While the Food segment is altered to a CAGR throughout this forecast period.
Global Castor Oil and Derivatives key players include Jayant Agro, NK Proteins, Adani Wilmar, etc. Global main three manufacturers hold a share over 50%.
India is the largest market, with a share of over 90%, followed by China, and North America, both have a share of over 5 percent.
In terms of product, Hydrogenated Castor Oil is the largest segment, with a share of about 30%. And in terms of application, the largest application is Food, followed by Drug, Cosmetics, Industrial, etc.
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On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Castor Oil and Derivatives market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Castor Oil and Derivatives market.
Global Castor Oil and Derivatives Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
By Type:
- Castor Oil
- Hydrogenated Castor Oil
- Oxidized Castor Oil
- Dehydrated Castor Oil
- 12-hydroxystearic Acid
- Others
By Application:
- Food
- Drug
- Cosmetics
- Industrial
- Others
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Geographic Segment Covered in the Report:
The Castor Oil and Derivatives report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country and sub-region during the estimated period.
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key questions answered in the report:
• What is the growth potential of the Castor Oil and Derivatives market?
• Which product segment will take the lion’s share?
• Which regional market will emerge as a pioneer in the years to come?
• Which application segment will experience strong growth?
• What growth opportunities might arise in the Castor Oil and Derivatives industry in the years to come?
• What are the most significant challenges that the Castor Oil and Derivatives market could face in the future?
• Who are the leading companies on the Castor Oil and Derivatives market?
• What are the main trends that are positively impacting the growth of the market?
• What growth strategies are the players considering to stay in the Castor Oil and Derivatives market?
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Detailed TOC of Global Castor Oil and Derivatives Market Report 2021
1 Study Coverage
1.1 Castor Oil and Derivatives Product Introduction
1.2 Market by Type
1.2.1 Global Castor Oil and Derivatives Market Size Growth Rate by Type, 2017 VS 2021 VS 2028
1.2.2 Castor Oil
1.2.3 Hydrogenated Castor Oil
1.2.4 Oxidized Castor Oil
1.2.5 Dehydrated Castor Oil
1.2.6 12-hydroxystearic Acid
1.2.7 Others
1.3 Market by Application
1.3.1 Global Castor Oil and Derivatives Market Size Growth Rate by Application, 2017 VS 2021 VS 2028
1.3.2 Food
1.3.3 Drug
1.3.4 Cosmetics
1.3.5 Industrial
1.3.6 Others
1.4 Study Objectives
1.5 Years Considered
2 Executive Summary
2.1 Global Castor Oil and Derivatives Sales Estimates and Forecasts 2017-2028
2.2 Global Castor Oil and Derivatives Revenue Estimates and Forecasts 2017-2028
2.3 Global Castor Oil and Derivatives Revenue by Region: 2017 VS 2021 VS 2028
2.4 Global Castor Oil and Derivatives Sales by Region
2.4.1 Global Castor Oil and Derivatives Sales by Region (2017-2022)
2.4.2 Global Sales Castor Oil and Derivatives by Region (2023-2028)
2.5 Global Castor Oil and Derivatives Revenue by Region
2.5.1 Global Castor Oil and Derivatives Revenue by Region (2017-2022)
2.5.2 Global Castor Oil and Derivatives Revenue by Region (2023-2028)
2.6 North America
2.7 Europe
2.8 Asia-Pacific
2.9 Latin America
2.10 Middle East & Africa
3 Competition by Manufacturers
4 Market Size by Type
5 Market Size by Application
6 North America
7 Europe
8 Asia Pacific
9 Latin America
10 Middle East and Africa
11 Company Profiles
12 Industry Chain and Sales Channels Analysis
13 Market Drivers, Opportunities, Challenges and Risks Factors Analysis
14 Key Findings in The Global Castor Oil and Derivatives Study
15 Appendix
Continued….
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