UK Castor Oil & Derivatives Market Size & Outlook
UK castor oil & derivatives market, 2018-2030 (US$M)
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UK castor oil & derivatives market highlights
- The UK castor oil & derivatives market generated a revenue of USD 22.7 million in 2023 and is expected to reach USD 34.5 million by 2030.
- The UK market is expected to grow at a CAGR of 6.2% 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 22.7 million |
| Market revenue in 2030 | USD 34.5 million |
| Growth rate | 6.2% (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, UK accounted for 1.7% 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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UK 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 29.52% in 2023. Horizon Databook has segmented the UK 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 UK widely imports castor oil & derivatives for the production of lubricants, biodiesels, cosmetics, plastics, resins, and surface coatings. The country mainly imports from India, the Netherlands, France, and Germany. One of the significant applications of castor-based derivatives in the UK is for the production of medicines.
Castor oil is used to treat constipation, clean intestines before surgery, start labor in pregnancy, poultice skin inflammatory disorders, and treat migraine headaches & osteoarthritis. Another important application of castor oil is in the textile industry.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK castor oil & derivatives market , including forecasts for subscribers. This country databook contains high-level insights into UK castor oil & derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK castor oil & derivatives market size, by product, 2018-2030 (US$M)
UK Castor Oil & Derivatives Market Outlook Share, 2023 & 2030 (US$M)
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