Castor Oil Market is Expected to Experience a Strong Growth Forecast Period 2019 - 2024

Global Castor Oil Market Research Report and Forecast 2024

Report Edition: 2019 © 2019 IMARC All Rights Reserved

Copyright © IMARC Service Pvt Ltd. All Rights Reserved

About IMARC Group

Report Description

The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

Report Description and Highlights

Report Description Global Castor Oil Market Overview:

Castor oil is sourced from the castor plant which is found in the tropical areas of India and Africa. This plant is majorly cultivated in the semi-arid and arid regions. The extracted oil varies between paleyellow to colourless and has a distinct odour and taste. Castor oil is a good source of ricinoleic, monounsaturated and 18-carbon fatty acid. Apart from this, it is also rich in proteins, Vitamin E as well as Omega 6 and 9 which makes it ideal for healthy skin and hair. Castor oil helps to the reduce hair fall, pre-mature greying of hair and other scalp-related disorders. A new research report by IMARC Group, titled “ Castor Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, estimates that the market reached a volume of more than 763 Kilotons in 2018. The report further anticipates the market to reach a volume of 943.5 Kilotons by 2024, at a projected CAGR of 3.5% over the forecast period.

Global Castor Oil Market Drivers/Constraints: •

There has been a significant increase in the demand for sustainable and biodegradable products in order to reduce dependency on petrochemicals. This is one of the primary factors which is driving the growth of the global castor oil market.

Report Description and Highlights

157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

•

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Billion US$

in Billion US$

Report Description

180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

Manufacturers have started launching various new products which are formulated with the help of castor oil. This, in turn, has contributed towards an augmented worldwide demand for castor oil.

Request for a free sample report: https://www.imarcgroup.com/castor-oil-manufacturing-plant/requestsample

Report Description and Highlights

Report Description • •

Some of the other factors which are positively supporting the growth of the market include rising costs of other renewable resources and implementation of strict regulations regarding the use of eco-friendly products by governments across various nations.

However, unstable prices of castor plant, weather uncertainties and shortage of working capital are some of the factors which act as a hindrance towards the market growth.

Key Market Segmentation: Market Segmentation by End-Use • • • • •

Pharmaceuticals Lubricants Paints Soaps Others

Based on end-use, the report finds that pharmaceuticals currently represent the largest end-use segment of castor oil. It is followed by lubricants and paints.

Report Description and Highlights

Report Description

For more information, click here: https://www.imarcgroup.com/castor-oil-manufacturing-plant Market Segmentation by Region • • • • • •

China Europe India United States Brazil Others

On a geographical front, China enjoys a leading position in the global castor oil market. There is a high demand for castor oil in the region due to a rapid growth in surface coatings, cosmetics & pharmaceuticals. Some of the other major markets include Europe, India, the United States and Brazil.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

Report Description and Highlights

Report Description • • • •

Adani Wilmar Jayant Agro Gokul Overseas Kandla Agro & Chemicals

Browse Related Report Corn Oil Market Report: https://www.imarcgroup.com/corn-oil-market Avocado Oil Market Report: https://www.imarcgroup.com/avocado-oil-market

A partial List of

We are the trusted business partners to the

Clients world's leading corporates, governments, and ourPartial ClientsList of institutions

A partial List of

We are the trusted business partners to the

of Clients leading corporates, governments, and ourPartial ClientsListworld's institutions

Report Description and Highlights

Report Description

Š 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC).

Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication.

IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

Contact Us

FOR MORE DETAILS Visit us at :

https://www.imarcgroup.com Stay With Us:

TELEPHONE: +1-631-791-1145 E-MAIL: sales@imarcgroup.com