Spain Castor Oil & Derivatives Market Size & Outlook
Spain castor oil & derivatives market, 2018-2030 (US$M)
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Spain castor oil & derivatives market highlights
- The Spain castor oil & derivatives market generated a revenue of USD 15.0 million in 2023 and is expected to reach USD 22.6 million by 2030.
- The Spain market is expected to grow at a CAGR of 6% 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 15.0 million |
| Market revenue in 2030 | USD 22.6 million |
| Growth rate | 6% (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, Spain 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 Europe, Germany castor oil & derivatives market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 85.3 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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Spain 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 29.33% in 2023. Horizon Databook has segmented the Spain 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 seeds are imported in Spain from France, India, and the Netherlands. The major driver triggering the demand for castor oil in the country is its growing application in the bioplastic industry. In November 2015, Nurel, Spain-based synthetic fiber manufacturing company, announced the launch of a new biopolymer facility at its Zaragoza site.
Similarly, in December 2018, Bio-on took an initiative to start production of PHA bioplastics from sugar beets and other vegetable oils. This is expected to further augment the market for vegetative oil such as sunflower, castor, rapeseed, and soybeans oil in Spain.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain castor oil & derivatives market , including forecasts for subscribers. This country databook contains high-level insights into Spain castor oil & derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain castor oil & derivatives market size, by product, 2018-2030 (US$M)
Spain Castor Oil & Derivatives Market Outlook Share, 2023 & 2030 (US$M)
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