South Korea Castor Oil & Derivatives Market Size & Outlook
South Korea castor oil & derivatives market, 2018-2030 (US$M)
Related Markets
South Korea castor oil & derivatives market highlights
- The South Korea castor oil & derivatives market generated a revenue of USD 31.4 million in 2023 and is expected to reach USD 47.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5.9% from 2024 to 2030.
- In terms of segment, hydrogenated castor oil 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 31.4 million |
| Market revenue in 2030 | USD 47.0 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Hydrogenated castor oil |
| 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, South Korea accounted for 2.4% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Castor Oil & Derivatives Market Scope
Castor Oil & Derivatives Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea 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 29.3% in 2023. Horizon Databook has segmented the South Korea 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.
India, Japan, Thailand, and Malaysia import castor seeds to South Korea. The growing biofuel industry in South Korea is one of the major drivers triggering the demand for castor oil. The Korean government is promoting bioenergy supply as a part of its renewable energy policies.
The Renewable Fuel Standard in South Korea for automobiles has made it obligatory for all oil refining companies to blend 3% of biodiesel with conventional diesel starting from 2018. Apart, the Korea Bioplastics Association has established an authentication program for the production of plastics from biomass.
Reasons to subscribe to South Korea castor oil & derivatives market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Korea castor oil & derivatives market databook
-
Our clientele includes a mix of castor oil & derivatives market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea castor oil & derivatives market , including forecasts for subscribers. This country databook contains high-level insights into South Korea castor oil & derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea castor oil & derivatives market size, by product, 2018-2030 (US$M)
South Korea Castor Oil & Derivatives Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
