Asia Pacific Castor Oil & Derivatives Market Size & Outlook
Asia Pacific castor oil & derivatives market, 2018-2030 (US$M)
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Asia Pacific castor oil & derivatives market highlights
- The Asia Pacific castor oil & derivatives market generated a revenue of USD 787.8 million in 2023.
- The market is expected to grow at a CAGR of 5.9% from 2024 to 2030.
- In terms of segment, sebacic acid was the largest revenue generating product in 2023.
- Undecylenic Acid is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 787.8 million |
| Market revenue in 2030 | USD 1,172.8 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Sebacic acid |
| Fastest growing segment | Undecylenic 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 |
| 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, Asia Pacific region accounted for 60.0% of the global castor oil & derivatives market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 473.3 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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Asia Pacific 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 46.5% in 2023. Horizon Databook has segmented the Asia Pacific 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.
Asia Pacific dominates the global market in terms of production and consumption of castor oil. Castor seeds are grown in the tropical regions of India, Myanmar, Vietnam, Pakistan, Cambodia, Thailand, Bangladesh, Philippines, and Indonesia and in the semi-arid regions of China, Japan, and South Korea.
Although castor seeds were traditionally grown in the wilds of Asia Pacific, in the last decade, many countries in the region have started making serious efforts to grow castor seeds on a commercial scale. Apart from seeds, castor leaves, stems, and roots are also of significant importance. In China, castor leaves are used to raise silkworms.
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Target buyers of Asia Pacific castor oil & derivatives market databook
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific castor oil & derivatives market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific castor oil & derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific castor oil & derivatives market size, by country, 2018-2030 (US$M)
Asia Pacific Castor Oil & Derivatives Market Outlook Share, 2023 & 2030 (US$M)
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