Japan Castor Oil & Derivatives Market Size & Outlook
Japan castor oil & derivatives market, 2018-2030 (US$M)
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Japan castor oil & derivatives market highlights
- The Japan castor oil & derivatives market generated a revenue of USD 44.0 million in 2023 and is expected to reach USD 62.8 million by 2030.
- The Japan market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, hydrogenated castor oil was the largest revenue generating product in 2023.
- Ricinoleic 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 44.0 million |
| Market revenue in 2030 | USD 62.8 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Hydrogenated castor oil |
| Fastest growing segment | Ricinoleic 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, Japan accounted for 3.3% 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 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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Japan 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 29.55% in 2023. Horizon Databook has segmented the Japan 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.
Castor beans are not grown on a commercial scale in Japan. The country majorly imports castor oil owing to its diversified applications in bio-polyamides, bio-lubricants, and biofuel manufacturing. The country’s import index has been constant since 2015, however, it reported a minor decline in imports in 2018 owing to a hike in the prices of castor oil and a noteworthy decline in its exports from India.
The growing automobile sector offers a long-term outlook for the development of castor oil derivatives market. ITOH Oil Chemicals Co. Ltd., Mitsui Chemicals, and Hokoku Corporation are some of the major castor-based companies and commercial-scale suppliers of biobased polyurethane to the automotive industry in Japan.
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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 Japan castor oil & derivatives market , including forecasts for subscribers. This country databook contains high-level insights into Japan castor oil & derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan castor oil & derivatives market size, by product, 2018-2030 (US$M)
Japan Castor Oil & Derivatives Market Outlook Share, 2023 & 2030 (US$M)
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