Global Castor Oil & Derivatives Market Size & Outlook
Global castor oil & derivatives market, 2018-2030 (US$M)
Related Markets
Global castor oil & derivatives market highlights
- The global castor oil & derivatives market generated a revenue of USD 1,313.8 million in 2023 and is expected to reach USD 1,979.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6% by 2030.
- In terms of segment, sebacic acid accounted for a revenue of USD 495.9 million in 2023.
- Ricinoleic Acid is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 1,313.8 million |
| Market revenue in 2030 | USD 1,979.2 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Sebacic acid |
| Fastest growing segment | Ricinoleic Acid |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sebacic acid, 12HSA, Ricinoleic Acid, Hydrogenated Castor Oil, Undecylenic Acid, Dehydrated Castor Oil |
Other key industry trends
- In terms of revenue, the North America accounted for 14.0% of the global castor oil & derivatives market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 108.7 million by 2030.
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Castor Oil & Derivatives Market Scope
Castor Oil & Derivatives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global castor oil & derivatives market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to castor oil & derivatives market will help companies and investors design strategic landscapes.
Sebacic acid was the largest segment with a revenue share of 37.75% in 2023. Horizon Databook has segmented the Global castor oil & derivatives market based on sebacic acid, 12hsa, ricinoleic acid, hydrogenated castor oil, undecylenic acid, dehydrated castor oil covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Castor Oil & Derivatives Product Outlook (Revenue, USD Million, 2018-2030)
- Sebacic acid
- 12HSA
- Ricinoleic Acid
- Hydrogenated Castor Oil
- Undecylenic Acid
- Dehydrated Castor Oil
- Others
- Global Castor Oil & Derivatives Application Outlook (Revenue, USD Million, 2018-2030)
- Lubricants
- Surface Coatings
- Biodiesel
- Cosmetics and Pharmaceuticals
- Plastics and Resins
- Others
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Our clientele includes a mix of castor oil & derivatives market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global castor oil & derivatives market , including forecasts for subscribers. This global databook contains high-level insights into Global castor oil & derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global castor oil & derivatives market size, by regions, 2018-2030 (US$M)
Top 10 countries: Castor oil & derivatives market size, 2023 (US$M)
Global castor oil & derivatives market share, by product, 2023 & 2030 (%, US$M)
Castor oil & derivatives market: Opportunity assessment by country
Global castor oil & derivatives market, by region, 2023 (US$M)
Related regional statistics
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