U.S. Castor Oil & Derivatives Market Size & Outlook
U.S. castor oil & derivatives market, 2018-2030 (US$M)
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U.S. castor oil & derivatives market highlights
- The U.S. castor oil & derivatives market generated a revenue of USD 161.0 million in 2023 and is expected to reach USD 227.2 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5% 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 161.0 million |
| Market revenue in 2030 | USD 227.2 million |
| Growth rate | 5% (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, U.S. accounted for 12.3% 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 North America, U.S. castor oil & derivatives market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 15.8 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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U.S. 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 29.81% in 2023. Horizon Databook has segmented the U.S. 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 U.S., on an average, imports 76 kilo metric tons of castor oil mainly from India, which is used for the production of fatty acids, paints, sulfonated oils, varnishes, soaps, lubricants, and cosmetics products. The country imports castor oil from India, Mexico, and Brazil for its domestic needs.
Castor seeds are grown on a small-scale in the U.S., majorly in the regions having loamy soil of medium texture. It is best adapted to the Missouri, southern Indiana, southeastern Kansas, southern Illinois, Kentucky, Tennessee, and parts of Texas and Oklahoma with irrigation.
In the U.S., castor oil has been used by the military in the manufacturing of explosives, hydraulic fluids, and aircraft lubricants. Textile industries use sulfonated castor oil for dyeing leather and fabrics. It has been also used for the production of nylon, enamels, paints, printer ink, and electrical insulators.
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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 U.S. castor oil & derivatives market , including forecasts for subscribers. This country databook contains high-level insights into U.S. castor oil & derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. castor oil & derivatives market size, by product, 2018-2030 (US$M)
U.S. Castor Oil & Derivatives Market Outlook Share, 2023 & 2030 (US$M)
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