Press release
Castor Oil Derivatives Market Projected to Witness Vigorous Expansion by 2015 - 2025
Castor oil is one of the most multipurpose plant oils, obtained by pressing the seed of the castor oil plant (Ricinus communis).It is well known source of a monounsaturated, ricinoleic and 18-carbon fatty acid. Owing to its unique chemical structure and rich properties, castor oil and its derivatives find uses in many industries such as cosmetics, food, lubricants, paints, agriculture, electronics & telecommunications, pharmaceuticals, perfumeries, plastics and rubber, inks & adhesives and textile chemicals. After plant oils, castor oil is considered to be the most required oil. However, growing concerns pertaining to biofuels specially biodiesel and biopolymer across the globe is pushingcastor oil to play a much larger role in the world economy.
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Castor Oil Derivatives: Drivers & Restraints
Growth of major end-use industries (includes lubricants, cosmetics and pharmaceuticals) and increasing demand for sustainable products & biodegradable, on account of reducing dependence on petrochemicals is anticipated to fuel the demand for castor oil derivatives market. Also regulatory support and rising prices of alternative renewable chemicals is expected to drive the global castor oil derivatives market. However, factors influencing its manufacturing cost includes raw material availability, weather uncertainties, shortage of working capital, techniques & methods used for extraction and availability of substitute oil are resulting in restraints for the castor oil derivative market.
Castor Oil Derivatives: Segmentation
On the basis of product type, the global castor oil derivatives market is segmented into Undecylenic Acid, Sebacic Acid (largest consumed castor oil derivatives), Castor Wax or Hydrogenated castor oil (HCO), Dehydrated Castor Oil (DCO) and others. On the basis of application, global castor oil derivatives market is segmented into Lubricants, Cosmetics & Pharmaceuticals (largest application segment), Biodiesel, Plastics & Resins and Others.
Castor Oil Derivatives: Region-wise Outlook
The global castor oil derivatives market is expected to register a double digit CAGR for the forecast period, 2015?2025. Asia-Pacific is expected to continue its dominance on the global castor oil derivatives market. India accounts for largest production of castor oil derivatives worldwide, followed by China and Brazil. Higher demand from the US, Europe and China has resulted in the higher prices for castor as well as increase in demand for castor oil derivatives. The major castor producing countries are India, China, Brazil, Paraguay, Ethiopia, Philippines, Russia and Thailand.
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Castor Oil Derivatives: Key Players
Some of players in global castor oil derivatives market are Thai Castor Oil Industries Co. Ltd., Jayant Agro Organics, Hokoku Corporation, ITOH Oil Chemicals Co. Ltd., Gokul Overseas, Bom Brazil, Liaoyang Huaxing Chemical Co., Ltd., Kanak Castor Products Pvt. Ltd., and others.
About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
Contact Us
U.S. Office
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Web: https://www.futuremarketinsights.com/
Request For Report Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-474
Castor Oil Derivatives: Drivers & Restraints
Growth of major end-use industries (includes lubricants, cosmetics and pharmaceuticals) and increasing demand for sustainable products & biodegradable, on account of reducing dependence on petrochemicals is anticipated to fuel the demand for castor oil derivatives market. Also regulatory support and rising prices of alternative renewable chemicals is expected to drive the global castor oil derivatives market. However, factors influencing its manufacturing cost includes raw material availability, weather uncertainties, shortage of working capital, techniques & methods used for extraction and availability of substitute oil are resulting in restraints for the castor oil derivative market.
Castor Oil Derivatives: Segmentation
On the basis of product type, the global castor oil derivatives market is segmented into Undecylenic Acid, Sebacic Acid (largest consumed castor oil derivatives), Castor Wax or Hydrogenated castor oil (HCO), Dehydrated Castor Oil (DCO) and others. On the basis of application, global castor oil derivatives market is segmented into Lubricants, Cosmetics & Pharmaceuticals (largest application segment), Biodiesel, Plastics & Resins and Others.
Castor Oil Derivatives: Region-wise Outlook
The global castor oil derivatives market is expected to register a double digit CAGR for the forecast period, 2015?2025. Asia-Pacific is expected to continue its dominance on the global castor oil derivatives market. India accounts for largest production of castor oil derivatives worldwide, followed by China and Brazil. Higher demand from the US, Europe and China has resulted in the higher prices for castor as well as increase in demand for castor oil derivatives. The major castor producing countries are India, China, Brazil, Paraguay, Ethiopia, Philippines, Russia and Thailand.
Request For Report Table of Content (TOC): https://www.futuremarketinsights.com/toc/rep-gb-474
Castor Oil Derivatives: Key Players
Some of players in global castor oil derivatives market are Thai Castor Oil Industries Co. Ltd., Jayant Agro Organics, Hokoku Corporation, ITOH Oil Chemicals Co. Ltd., Gokul Overseas, Bom Brazil, Liaoyang Huaxing Chemical Co., Ltd., Kanak Castor Products Pvt. Ltd., and others.
About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
Contact Us
U.S. Office
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Web: https://www.futuremarketinsights.com/
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