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.
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.
Download the sample copy of Report with table of contents and Figures @ https://www.futuremarketinsights.com/reports/sample/rep-gb-474
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)
On the basis of application, global castor oil derivatives market is segmented into –
- Lubricants
- Cosmetics & Pharmaceuticals (largest application segment)
- Biodiesel, Plastics & Resins
Preview Analysis of Castor Oil Derivatives Market: Global Industry Analysis and Opportunity Assessment 2015-2025: https://www.futuremarketinsights.com/reports/castor-oil-derivatives-market
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.
Buy this report @ https://www.futuremarketinsights.com/checkout/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.
Our advisory services are aimed at helping you with specific, customized insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-474
More from Chemicals & Materials:
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Comments
Post a Comment