Miami, FL, Oct. 07, 2022 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “Castor Oil Derivatives Market Size, Share, Growth Analysis Report By Application (Lubricants, Cosmetics & Pharmaceuticals, Biodiesel, Plastics & Resins, and Others), By Type (Undecylenic Acid, Sebacic Acid, Castor Wax, Ricinoleic acid, 12-HAS Dehydrated Castor Oil, and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028” in its research database.

The report analyses the Castor Oil Derivatives market’s drivers and restraints, as well as the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the global Castor Oil Derivatives market.

Castor Oil Derivatives Market Overview:

Castor oil is employed for the production of biodiesel as a bio-based raw material since it has a distinctive chemical structure and is non-edible. The product has great anti-inflammatory impacts that help in declining pain & swelling and help in the healing of wounds. Additionally, as castor oil is a natural laxative, it helps in the muscle movement that thrusts firm through the intestines and assists clear the bowels.

Get a Free Sample PDF of this Research Report for more Insights with Table of Content, Research Methodology, and Graphs - https://www.fnfresearch.com/sample/castor-oil-derivatives-market

(A free sample of this report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the Following:

Market Growth Drivers

An increase in demand for creams and moisturizers due to a rise in consumer disposable income is likely to boost the cosmetics market growth and consequently the castor oil derivatives demand.

Widespread consciousness and changing lifestyles on account of grooming of an individual across emerging countries are projected to augment the global castor oil derivative market demand as well. Factors influencing castor oil derivatives manufacturing cost include weather uncertainties, raw material availability, extraction techniques & methods, the availability of substitute oil, and a lack of working capital, all of which are acting as restraints in the castor oil derivative market.

Browse the full “Castor Oil Derivatives Market Size, Share, Growth Analysis Report By Application (Lubricants, Cosmetics & Pharmaceuticals, Biodiesel, Plastics & Resins, and Others), By Type (Undecylenic Acid, Sebacic Acid, Castor Wax, Ricinoleic acid, 12-HAS Dehydrated Castor Oil, and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/castor-oil-derivatives-market

Key Insights from Primary Research

Castor Oil Derivatives Market: Segmentation Analysis

The global castor oil derivatives market is segmented based on type, application, and region.

Based on type, the global market segments are undecylenic acid, ricinoleic acid, 12-HAS,sebacic acid, castor wax, dehydrated castor oil, and others. Ricinoleic acid is anticipated to witness a substantial CAGR over the coming years. The product is used in metalworking compounds & emulsifiers, industrial lubricants, and cutting oils. It is used to make high-solid liquid and transparent bar soap.

It allows the homogenization of phenolic and cresylic ingredients in disinfectants, heavy-duty detergents, and industrial germicides. Additionally, ricinoleic acid is an efficient pigment and a dye dispersant, which finds its application in inks, cosmetics, coatings, plastics, and others. All these determinants are further likely to drive the growth of the market.

Based on application, the global market segments are lubricants, cosmetics & pharmaceuticals, biodiesel, plastics & resins, and others. The cosmetics and pharmaceutical segment is anticipated to witness the highest CAGR over the coming years. The growth can be attributed to a rise in demand for cosmetic and personal care products which include deodorants, soaps, body lotions, and other skincare products.

The product is used as an excipient or additive in drugs to develop constant emulsions of nonpolar components in numerous aqueous systems. Further, it is also used as a medium for drug delivery for nonpolar drugs like anticancer drugs—paclitaxel and docetaxel. Innovations in the pharmaceutical industry concerning the addition of castor oil in novel medicines are likely to drive the market.

Directly Purchase a copy of the report with TOC @ https://www.fnfresearch.com/buynow/su/castor-oil-derivatives-market

Regional Analysis:

Asia Pacific is likely to dominate the global castor oil derivatives market globally during the coming years. The global castor oil derivatives market is consolidated as India is the only market for castor oil production across the globe. India is one of the major exporters and producers of castor oil worldwide. Key manufacturers are planning to expand their market share by coming into joint ventures with other market players or through strategic partnerships. India's top destinations for export are the United States, China, and the European Union.

According to The Solvent Extractors Association of India, China accounts for approximately 41 percent of India's castor oil exports. India’s castor oil exports have risen from 547,000 tonnes in 2018 to over 685,000 tonnes in 2021 accounting for nearly 90% of the world supply. Further, with a capacity of more than 211-kilo tonnes, China is the global leader in the production and export of sebacic acid.

Report Scope:

Report Attribute Details
Market Size in 2021 USD 1.5 Billion
Projected Market Size in 2028 USD 2 Billion
CAGR Growth Rate 5% CAGR
Base Year 2021
Forecast Years 2022-2028
Key Market Players AmbujaSolvexPvt Ltd, The Castor Oil Industries Ltd, Royal Castor Products Limited, Arvalli Castor Derivatives Pvt. Ltd, Gokul Overseas, Jayant Agro Organics, Hokoku Corporation, Adani Group, AlberdingkBoley, NK Industries Limited, XingtaiLantain Fine Chemical Co. Ltd., Kanak Castor Products Pvt. Ltd., and Others
Key Segment By Application, Type, and Region
Major Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa
Purchase Options Request customized purchase options to meet your research needs.

Competitive Players

The report contains qualitative and quantitative research on the global Castor Oil Derivatives Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.

Some of the main players in the global Castor Oil Derivatives market include:

Recent Industry Developments:

Request for Customization on this Report as per your requirements - https://www.fnfresearch.com/customization/castor-oil-derivatives-market

(We tailor your report to meet your specific research requirements. Inquire with our sales team about customising your report.)

The global Castor Oil Derivatives market is segmented as follows:

By Application

By Type

By Region

Browse Other Related Research Reports from Facts & Factors

About Facts & Factors:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.

Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Contact Us:

Facts & Factors

USA: +1 347 690-0211 | UK: +44 2032 894158 | Japan: +81 50 5806 9039 | India: +91 73877 19999

Email: sales@fnfresearch.com | Web: https://www.fnfresearch.com

Follow Us on - LinkedIn | Twitter | Facebook

Blogs: