Singapore Castor Oil & Derivatives Market Size & Outlook
Singapore castor oil & derivatives market, 2018-2030 (US$M)
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Singapore castor oil & derivatives market highlights
- The Singapore castor oil & derivatives market generated a revenue of USD 5.9 million in 2023 and is expected to reach USD 8.3 million by 2030.
- The Singapore market is expected to grow at a CAGR of 4.9% from 2024 to 2030.
- In terms of segment, 12hsa 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 5.9 million |
| Market revenue in 2030 | USD 8.3 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | 12hsa |
| 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, Singapore accounted for 0.5% 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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Singapore 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.
12hsa was the largest segment with a revenue share of 28.81% in 2023. Horizon Databook has segmented the Singapore 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 country mainly imports castor oil from India which is used as additives for the production of biodiesels, cosmetics, plastics, resins, and surface coatings. Another important application of the product is in pharmaceuticals, where it is used to treat constipation, migraine, osteoarthritis, skin disorders, and surgical cleaning.
The pharmaceutical industry in Singapore projects positive growth opportunities which, in turn, is likely to trigger the demand for castor oil in the years to come.
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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 country-level data and insights on the Singapore castor oil & derivatives market , including forecasts for subscribers. This country databook contains high-level insights into Singapore castor oil & derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Singapore castor oil & derivatives market size, by product, 2018-2030 (US$M)
Singapore Castor Oil & Derivatives Market Outlook Share, 2023 & 2030 (US$M)
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