Top companies covered in Castor Oil Derivatives Market are Hengshui Jinghua Chemical Co., Ltd. (China), N.K. Proteins Pvt. Ltd. (India), Thai Castor Oil Industries Co. Ltd. (Thailand), Sebacic India Pvt. Ltd. (India), HOKOKU Co. Ltd. (Japan), Adani Wilmar Ltd. (India), Gokul Agri International Ltd. (India), RPK Agrotech (India), Arvalli Castor Derivatives Pvt Ltd. (India), Krishna Antioxidants Pvt. Ltd. (India), and more players profiled

Pune, Oct. 19, 2020 (GLOBE NEWSWIRE) -- The global castor oil derivatives market size is expected to reach USD 1,429.7 million by 2027, exhibiting a CAGR of 4.3% during the forecast period. The growing demand for organic cosmetics products will create lucrative business opportunities for the market, states Fortune Business Insights, in a report, titled “Castor Oil Derivatives Market Size, Share & COVID-19 Impact Analysis, By Product Type (Sebacic Acid, Ricinoleic Acid, Hydrogenated Castor Oil, 12-Hydroxy Stearic Acid, Dehydrated Castor Oil and Others), Application (Cosmetic & Pharmaceuticals, Plastic & Resins, Lubricants, Biodiesel, and Others) and Regional Forecast, 2020-2027.” The market size stood at USD 1,035.4 million in 2019.

The coronavirus incident has brought the world to an unforeseen stop. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.

We are making endless efforts to uplift businesses in this crucial need of the hour. Our expertise and experience can offer enormous benefits to help regain during this global pandemic.

Get Sample PDF Brochure with Impact of COVID19:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/castor-oil-derivatives-market-100537

The report on the castor oil derivatives market uncovers:

• Important facts and figures
• An all-inclusive study of the market
• Comprehensive data about prominent companies
• Latest industry trends and drivers
• Recent developments
• Study of COVID-19 impact

Market Driver:

Growing Application of Oil Derivatives to Incite Development

The growing knowledge about the numerous advantages of castor oil and its derivatives compared to other traditional oil will have a tremendous impact on the market during the forecast period. The shift from oils derived from cotton, coconut, soy, corn, rapeseed to castor oil derivatives owing to its natural and versatile physicochemical properties will foster healthy growth of the market. The growing application of castor oil derivatives in lubricants, oleo-chemicals, medical, cosmetics, pharmaceuticals, bioenergy, and others will consequently boost the growth of the market. Moreover, the increasing inclination towards green chemicals will simultaneously improve the prospects of the market during the forecast period.

Declined Production to Retard Business Amid Coronavirus

The production of castor oil has dropped severely due to the coronavirus outbreak. The halt on manufacturing sites, inadequate feedstock, and manpower will harshly affect the global market. Disturbed supply chain and deteriorated manufacturing facilities have resulted in an enormous loss for the industry. However, the ease on lockdowns by the governments will subsequently facilitate the recovery of the market in the near future.

Inquire Before Buying This Research Report:

https://www.fortunebusinessinsights.com/enquiry/queries/castor-oil-derivatives-market-100537

Regional Analysis:

High Availability of Castor Seeds to Augment Growth in Asia Pacific

The market in Asia Pacific is expected to experience a rapid growth rate owing to the growing production and distribution of oils in the region. China is a global leader in the sebacic acid with a production capacity of more than 210-kilo tons per year. According to The Solvent Extractors Association of India, China holds around 40% of castor oil export from India followed by Europe 30-35%. The high availability of castor seeds will Further promote healthy growth of the market in Asia Pacific. India is a major producer & exporter of castor oil and castor oil derivatives such as 12-hydroxy stearic acid, castor wax, dehydrated castor oil, undecylenic acid. Europe is expected to rise tremendously during the forecast period owing to the rising adoption and favorable government regulations regarding the use of bio-based chemicals.

Key Development:

December 3, 2019: Eni, a leading energy company based in Italy signed an MoU with the Societè National de Distribution des Petroles to develop castor cultivation to be used in the production of biodiesel.

List of the Leading Companies Profiled in the Global Castor Oil Derivatives Market are:

• Hengshui Jinghua Chemical Co., Ltd. (China)
• N.K. Proteins Pvt. Ltd. (India)
• Thai Castor Oil Industries Co. Ltd. (Thailand)
• Sebacic India Pvt. Ltd. (India)
• HOKOKU Co. Ltd. (Japan)
• Adani Wilmar Ltd. (India)
• Gokul Agri International Ltd. (India)
• RPK Agrotech (India)
• Arvalli Castor Derivatives Pvt Ltd. (India)
• Krishna Antioxidants Pvt. Ltd. (India)

Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/industry-reports/castor-oil-derivatives-market-100537

Detailed Table of Content:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
  • Key Trends
• Key Insights
  • Key Insights – For Major Countries
  • Key Developments
  • Regulatory Standards
  • PEST Analysis
• COVID-19 Impact Analysis
  • Supply Chain Challenges
  • Steps Taken by Government/Companies to combat COVID-19
  • Potential Opportunities due to COVID-19 Outbreak
• Global Castor Oil Derivatives Market Analysis, Insights and Forecast, 2016-2027, By Product Type
  • Key Findings / Summary
  • Market Analysis, Insights and Forecast
    • Sebacic Acid 
    • Ricinoleic Acid
    • Hydrogenated Castor Oil
    • 12-Hydroxy Stearic Acids
    • Dehydrated Castor Oil
    • Others

TOC Continued…!

Get your Customized Research Report:

https://www.fortunebusinessinsights.com/enquiry/customization/castor-oil-derivatives-market-100537

Have a Look at Related Research Insights:

Compressor Oil Market Size, Share and Global Trend By Compressor Type (Dynamic, Positive Displacement), By Base Oil (Synthetic Oil, Semi-Synthetic Oil, Mineral Oil, Bio-Based Oil), By End-User (Chemical & Petrochemicals, Automotive, Food and Beverage, Construction, Mining, Oil & Gas, Manufacturing, Others) and Geography Forecast till 2026

Borage Oil Market Size, Share & Industry Analysis, By Application  (Cosmetics, Medicines, Nutritional supplements, Others)and Regional Forecast, 2019-2026

Celery Seed Oil Market Size, Share & Industry Analysis, By Product type (Organic celery seed oil, Conventional celery seed oil), By Application (Food & Beverages, Pharmaceuticals, Personal Care, Others) and Regional Forecast, 2020-2027

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.

Phone:
US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs

Read Press Release:

https://www.fortunebusinessinsights.com/press-release/global-castor-oil-derivatives-market-10247