China Castor Oil & Derivatives Market Size & Outlook
China castor oil & derivatives market, 2018-2030 (US$M)
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China castor oil & derivatives market highlights
- The China castor oil & derivatives market generated a revenue of USD 484.2 million in 2023 and is expected to reach USD 736.1 million by 2030.
- The China market is expected to grow at a CAGR of 6.2% 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.
Castor oil & derivatives market data book summary
| Market revenue in 2023 | USD 484.2 million |
| Market revenue in 2030 | USD 736.1 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Sebacic acid |
| Fastest growing segment | Undecylenic 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, China accounted for 36.9% 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 Asia Pacific, China castor oil & derivatives market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 736.1 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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China 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 60.18% in 2023. Horizon Databook has segmented the China 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 main castor producing provinces in China include Ji Lin, Nei Mong Gu, Xin Jiang, Shan Xi, and Yun Nan. Non-edible oil content in castor seeds ranges from 45% to 47% and the seed is domestically used in medicines and for industrial purposes. Moreover, castor plants are grown on the border of nurseries and farmlands as they act as natural insect control and trap nematodes.
Apart, China is the 3rd largest producer of sugarcane and 7th largest producer of sunflower oil in the world. These are majorly used for edible purposes, while a significant amount of them goes for non-edible applications such as the production of biofuel, bioplastics, organic fertilizers, and cosmetics products.
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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 country-level data and insights on the China castor oil & derivatives market , including forecasts for subscribers. This country databook contains high-level insights into China castor oil & derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China castor oil & derivatives market size, by product, 2018-2030 (US$M)
China Castor Oil & Derivatives Market Outlook Share, 2023 & 2030 (US$M)
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