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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Castor Oil & Derivatives Market Scope
Castor Oil & Derivatives Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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
Reasons to subscribe to Global castor oil & derivatives market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global castor oil & derivatives market databook
-
Our clientele includes a mix of castor oil & derivatives market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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.
Partial client list
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)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 167.9 | 207.7 | 157.0 | 172.9 | 177.6 | 184.1 | 191.7 | 200.2 | 210.0 | 220.9 | 232.9 | 246.1 | 260.6 | 5.1% |
| Europe | 245.3 | 307.8 | 238.0 | 266.9 | 279.2 | 294.8 | 312.7 | 332.5 | 355.0 | 380.3 | 408.1 | 439.1 | 473.3 | 7.0% |
| Asia Pacific | 693.5 | 861.1 | 657.6 | 729.4 | 754.4 | 787.8 | 826.3 | 869.1 | 918.0 | 972.8 | 1,033.0 | 1,099.5 | 1,172.8 | 5.9% |
| Latin America | 21.0 | 26.1 | 20.2 | 22.5 | 23.5 | 24.7 | 26.0 | 27.6 | 29.3 | 31.2 | 33.3 | 35.7 | 38.3 | 6.5% |
| MEA | 19.6 | 24.5 | 18.7 | 20.7 | 21.5 | 22.5 | 23.7 | 25.0 | 26.5 | 28.1 | 30.0 | 32.0 | 34.3 | 6.2% |
| Overall | 1,147.3 | 1,427.2 | 1,091.5 | 1,212.5 | 1,256.1 | 1,313.8 | 1,380.5 | 1,454.3 | 1,538.7 | 1,633.3 | 1,737.3 | 1,852.3 | 1,979.2 | 6.0% |
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
