Brazil Castor Oil & Derivatives Market Size & Outlook
Brazil castor oil & derivatives market, 2018-2030 (US$M)
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Brazil castor oil & derivatives market highlights
- The Brazil castor oil & derivatives market generated a revenue of USD 13.9 million in 2023 and is expected to reach USD 21.2 million by 2030.
- The Brazil market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, ricinoleic acid was the largest revenue generating product in 2023.
- 12HSA 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 13.9 million |
| Market revenue in 2030 | USD 21.2 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Ricinoleic acid |
| Fastest growing segment | 12HSA |
| 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, Brazil accounted for 1.1% 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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Brazil 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.
Ricinoleic acid was the largest segment with a revenue share of 33.81% in 2023. Horizon Databook has segmented the Brazil 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.
Brazil emerged as the major regional consumer of castor oil owing to its increasing consumption of biobased fuel, lubricants, polyamides, diesel, cosmetics, textiles, and paints. Castor oilseeds were identified as ideal for the production of biodiesel in Brazil.
The National Program for the Production and Use of Biodiesel (PNPB), endorsed local farmers with tax benefits and technical assistance, while offering biodiesel producers the financial funding, tax exemptions, and rights to participate in specific auctions to sell biodiesel.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil castor oil & derivatives market , including forecasts for subscribers. This country databook contains high-level insights into Brazil castor oil & derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil castor oil & derivatives market size, by product, 2018-2030 (US$M)
Brazil Castor Oil & Derivatives Market Outlook Share, 2023 & 2030 (US$M)
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