Argentina Castor Oil & Derivatives Market Size & Outlook
Argentina castor oil & derivatives market, 2018-2030 (US$M)
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Argentina castor oil & derivatives market highlights
- The Argentina castor oil & derivatives market generated a revenue of USD 4.5 million in 2023 and is expected to reach USD 7.1 million by 2030.
- The Argentina market is expected to grow at a CAGR of 6.7% from 2024 to 2030.
- In terms of segment, hydrogenated castor oil was the largest revenue generating product in 2023.
- Sebacic acid is the most lucrative product segment registering the fastest growth during the forecast period.
Castor oil & derivatives market data book summary
| Market revenue in 2023 | USD 4.5 million |
| Market revenue in 2030 | USD 7.1 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Hydrogenated castor oil |
| Fastest growing segment | Sebacic acid |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sebacic acid, 12HSA, Ricinoleic Acid, Hydrogenated Castor Oil, Undecylenic Acid, Dehydrated Castor Oil |
| Key market players worldwide | Thai Oil PCL ADR, Adani Wilmar, Hokuriku Electric Power Co Inc, ITOCHU Corp, Jayant Agro-Organics, RPK Group, Taj Agro, N K Proteins, Castor, Liaoning Shengde Huaxing Chemical Co., Gokul Agro Resources, Vertellus, Yuki Gosei Kogyo |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.3% of the global castor oil & derivatives market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil castor oil & derivatives market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 7.1 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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Argentina 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.
Hydrogenated castor oil was the largest segment with a revenue share of 33.33% in 2023. Horizon Databook has segmented the Argentina 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.
The Argentina continues to expand its green energy sources. The country supports its commitment to reduce carbon emissions. The government of Argentina passed the Biofuels Law 26,093 in 2006, making it mandatory to mix 5% biodiesel as diesel additives, which was further increased to 12% in 2016.
The country is significantly depending on imports of castor oil from India. Argentina is in nascent phase to the commercial scale production of castor oil. Companies such as Evofuel Ltd., Fantini, and Castor Oil Argentina S.A. planned to introduce castor production on an extensive scale in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina castor oil & derivatives market , including forecasts for subscribers. This country databook contains high-level insights into Argentina castor oil & derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina castor oil & derivatives market size, by product, 2018-2030 (US$M)
Argentina Castor Oil & Derivatives Market Outlook Share, 2023 & 2030 (US$M)
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