Castor Oil and its Derivatives Market to record USD 811.08 Mn, Evolving Opportunities with Adani Wilmar Ltd. and Alberdingk Boley GmbH

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Sep 20, 2022, 02:15 ET

NEW YORK, Sept. 20, 2022 /PRNewswire/ -- The global castor oil and its derivatives market size is expected to grow by USD 811.08 million, accelerating at a CAGR of 4.94% during the forecast period. The report identifies Adani Wilmar Ltd., Alberdingk Boley GmbH, Ambuja Solvex Pvt. Ltd., Apple Food Industries, and Arkema SA, Girnar Industries among others as some of the key market players. The market is fragmented due to the presence of international, regional, and local vendors. Major vendors are making significant investments in R&D to maintain their dominant positions. Get detailed insights on the market size, competitive analysis, growth across various segments, and other important statistics. Buy Report
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Technavio has announced its latest market research report titled Global Castor Oil and its Derivatives Market 2022-2026

The market is segmented as follows:

Castor Oil And Its Derivatives Market by Product

Sebacic acid - size and forecast 2021-2026
Undecylenic acid - size and forecast 2021-2026
Castor wax - size and forecast 2021-2026
Others - size and forecast 2021-2026

The market growth in sebacic acid was significant in 2021. The sebacic acid segment will maintain its dominant position during the forecast period. The segment is driven by the use of sebacic acid in a wide range of applications such as polymer production, cosmetics, lubricants, plasticizers, corrosion inhibitors, thickening agents, anti-corrosion applications, and antifreeze coolants. In addition, the use of sebacic acid as a buffering agent in cosmetic applications is contributing to the growth of the segment.

Castor Oil And Its Derivatives Market by Geography

APAC - size and forecast 2021-2026
Europe - size and forecast 2021-2026
North America - size and forecast 2021-2026
South America - size and forecast 2021-2026
The Middle East and Africa - size and forecast 2021-2026

The market will generate maximum revenue in APAC. The region will account for 42% of the global market share over the forecast period. The rapid growth of the cosmetics and personal care, pharmaceutical, and lubricant industry is the key factor driving the regional market. In addition, increased healthcare expenditure, especially in developing countries such as China and India will further foster the growth of the castor oil and its derivates market in APAC.

The market is driven by the increasing demand for castor oil and its derivatives in major end-user industries. Castor oil and its derivatives are used in a wide range of applications across various industries such as pharmaceuticals, cosmetics, personal care, surfactants, lubricants, surface coatings, biodiesel, food and beverages, and others. For instance, in the pharmaceutical industry, castor oil is used as a laxative and a soothing agent. Ricinoleic acid, a castor oil derivative, is used for forming stable emulsions of non-polar materials in various aqueous systems. In the automobile industry, castor oil and its derivatives are used extensively in the manufacture of lubricants. Many such applications across various industries are driving the growth of the global castor oil and its additives market.

In addition, the use of castor oil as a source of biodiesel is anticipated to further boost the growth of castor oil and its derivatives market. However, fluctuations in the prices of castor oil and its derivatives might reduce the growth potential in the market.

Major Vendors Covered in the Report:

Adani Wilmar Ltd.
Alberdingk Boley GmbH
Ambuja Solvex Pvt. Ltd.
Apple Food Industries
Arkema SA
Girnar Industries
Globexo India
Gokul Agri International Ltd.
Gokul Agro Resources
HOKOKU Corp.
Inner Mongolia Weiyu Biotech Co. Ltd.
ITOH OIL CHEMICALS Co. Ltd.
Jayant Agro Organics Ltd.
Krishna Antioxidants Pvt. Ltd.
N.K. Industries Ltd.
Royal Castor Products Ltd.
Taj Agro Products Ltd.
Thai Castor Oil Industries Co. Ltd.
The Chemical Co.
Vertellus Holdings LLC

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Castor Oil And Its Derivatives Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.94%
Market growth 2022-2026	USD 811.08 million
Market structure	Fragmented
YoY growth (%)	4.75
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 42%
Key consumer countries	US, China, India, France, and Brazil
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	Adani Wilmar Ltd., Alberdingk Boley GmbH, Ambuja Solvex Pvt. Ltd., Apple Food Industries, Arkema SA, Girnar Industries, Globexo India, Gokul Agri International Ltd., Gokul Agro Resources, HOKOKU Corp., Inner Mongolia Weiyu Biotech Co. Ltd., ITOH OIL CHEMICALS Co. Ltd., Jayant Agro Organics Ltd., Krishna Antioxidants Pvt. Ltd., N.K. Industries Ltd., Royal Castor Products Ltd., Taj Agro Products Ltd., Thai Castor Oil Industries Co. Ltd., The Chemical Co., and Vertellus Holdings LLC
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 17: Five forces analysis - Comparison between2021 and 2026

4.2 Bargaining power of buyers

Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

5.1 Market segments

Exhibit 24: Chart on Product - Market share 2021-2026 (%)
Exhibit 25: Data Table on Product - Market share 2021-2026 (%)

5.2 Comparison by Product

Exhibit 26: Chart on Comparison by Product
Exhibit 27: Data Table on Comparison by Product

5.3 Sebacic acid - Market size and forecast 2021-2026

Exhibit 28: Chart on Sebacic acid - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Sebacic acid - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Sebacic acid - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Sebacic acid - Year-over-year growth 2021-2026 (%)

5.4 Undecylenic acid - Market size and forecast 2021-2026

Exhibit 32: Chart on Undecylenic acid - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Undecylenic acid - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Undecylenic acid - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Undecylenic acid - Year-over-year growth 2021-2026 (%)

5.5 Castor wax - Market size and forecast 2021-2026

Exhibit 36: Chart on Castor wax - Market size and forecast 2021-2026 ($ million)
Exhibit 37: Data Table on Castor wax - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Chart on Castor wax - Year-over-year growth 2021-2026 (%)
Exhibit 39: Data Table on Castor wax - Year-over-year growth 2021-2026 (%)

5.6 Others - Market size and forecast 2021-2026

Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)

5.7 Market opportunity by Product

Exhibit 44: Market opportunity by Product ($ million)

6 Customer Landscape

6.1 Customer landscape overview

Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation

Exhibit 46: Chart on Market share by geography 2021-2026 (%)
Exhibit 47: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison

Exhibit 48: Chart on Geographic comparison
Exhibit 49: Data Table on Geographic comparison

7.3 APAC - Market size and forecast 2021-2026

Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026

Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 North America - Market size and forecast 2021-2026

Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026

Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 China - Market size and forecast 2021-2026

Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)

7.9 India - Market size and forecast 2021-2026

Exhibit 74: Chart on India - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on India - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on India - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on India - Year-over-year growth 2021-2026 (%)

7.10 US - Market size and forecast 2021-2026

Exhibit 78: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on US - Year-over-year growth 2021-2026 (%)

7.11 Brazil - Market size and forecast 2021-2026

Exhibit 82: Chart on Brazil - Market size and forecast 2021-2026 ($ million)
Exhibit 83: Data Table on Brazil - Market size and forecast 2021-2026 ($ million)
Exhibit 84: Chart on Brazil - Year-over-year growth 2021-2026 (%)
Exhibit 85: Data Table on Brazil - Year-over-year growth 2021-2026 (%)

7.12 France - Market size and forecast 2021-2026

Exhibit 86: Chart on France - Market size and forecast 2021-2026 ($ million)
Exhibit 87: Data Table on France - Market size and forecast 2021-2026 ($ million)
Exhibit 88: Chart on France - Year-over-year growth 2021-2026 (%)
Exhibit 89: Data Table on France - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography

Exhibit 90: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

Exhibit 91: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

Exhibit 92: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption

Exhibit 93: Overview on factors of disruption

9.4 Industry risks

Exhibit 94: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered

Exhibit 95: Vendors covered

10.2 Market positioning of vendors

Exhibit 96: Matrix on vendor position and classification

10.3 Adani Wilmar Ltd.

Exhibit 97: Adani Wilmar Ltd. - Overview
Exhibit 98: Adani Wilmar Ltd. - Product / Service
Exhibit 99: Adani Wilmar Ltd. - Key offerings

10.4 Alberdingk Boley GmbH

Exhibit 100: Alberdingk Boley GmbH - Overview
Exhibit 101: Alberdingk Boley GmbH - Product / Service
Exhibit 102: Alberdingk Boley GmbH - Key offerings

10.5 Ambuja Solvex Pvt. Ltd.

Exhibit 103: Ambuja Solvex Pvt. Ltd. - Overview
Exhibit 104: Ambuja Solvex Pvt. Ltd. - Product / Service
Exhibit 105: Ambuja Solvex Pvt. Ltd. - Key offerings

10.6 Girnar Industries

Exhibit 106: Girnar Industries - Overview
Exhibit 107: Girnar Industries - Product / Service
Exhibit 108: Girnar Industries - Key offerings

10.7 Gokul Agro Resources

Exhibit 109: Gokul Agro Resources - Overview
Exhibit 110: Gokul Agro Resources - Product / Service
Exhibit 111: Gokul Agro Resources - Key offerings

10.8 HOKOKU Corp.

Exhibit 112: HOKOKU Corp. - Overview
Exhibit 113: HOKOKU Corp. - Product / Service
Exhibit 114: HOKOKU Corp. - Key offerings

10.9 ITOH OIL CHEMICALS Co. Ltd.

Exhibit 115: ITOH OIL CHEMICALS Co. Ltd. - Overview
Exhibit 116: ITOH OIL CHEMICALS Co. Ltd. - Product / Service
Exhibit 117: ITOH OIL CHEMICALS Co. Ltd. - Key offerings

10.10 Jayant Agro Organics Ltd.

Exhibit 118: Jayant Agro Organics Ltd. - Overview
Exhibit 119: Jayant Agro Organics Ltd. - Business segments
Exhibit 120: Jayant Agro Organics Ltd. - Key news
Exhibit 121: Jayant Agro Organics Ltd. - Key offerings
Exhibit 122: Jayant Agro Organics Ltd. - Segment focus

10.11 N.K. Industries Ltd.

Exhibit 123: N.K. Industries Ltd. - Overview
Exhibit 124: N.K. Industries Ltd. - Product / Service
Exhibit 125: N.K. Industries Ltd. - Key offerings

10.12 Thai Castor Oil Industries Co. Ltd.

Exhibit 126: Thai Castor Oil Industries Co. Ltd. - Overview
Exhibit 127: Thai Castor Oil Industries Co. Ltd. - Product / Service
Exhibit 128: Thai Castor Oil Industries Co. Ltd. - Key offerings

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

Exhibit 129: Inclusions checklist
Exhibit 130: Exclusions checklist

11.3 Currency conversion rates for US$

Exhibit 131: Currency conversion rates for US$

11.4 Research methodology

Exhibit 132: Research methodology
Exhibit 133: Validation techniques employed for market sizing
Exhibit 134: Information sources

11.5 List of abbreviations

Exhibit 135: List of abbreviations

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