Castor Oil and Derivatives Market Size will Observe Lucrative Surge by the End 2024

1. Castor Oil and Derivatives Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2024 ©2019 Transparency Market Research, All Rights Reserved

2. About Us Transparency Market Research (TMR) is a market intelligence company, providing North America business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. We have an experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Each TMR Syndicated Research report covers a different sector—such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods, and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With a wider scope and stratified research methodology, our syndicated reports strive to serve clients and satisfy their overall research requirement.

3. Global Superabsorbent Polymer Market: Snapshot • Castor oil and its derivatives are well known for its medicinal benefits. Castor oil is obtained from castor seeds (Ricinuscommunis). • It is a trigyceride and comprises fatty acids, 90% of which is ricinoleic acid. It appears as a pale yellow liquid with a thick and sticky sensation. • It has anti-oxidant and anti-inflammatory properties which makes it useful for therapeutic applications. • Castor oil has a consistent viscosity and thus it doesn’t freeze at lower temperatures. • This property makes it an ideal substitute for synthetic lubricants in commercial manufacturing processes. • Castor oil and its derivatives have several applications such as food additive and flavorants, mold inhibitor, and cosmetic ingredient. • Castor oil is also synthesized to produce bio-diesel. • There are several derivatives of castor oil such as castor wax, castor meal, sulfonated castor oil, and dehydrated castor oil that has wide application in various industrial processes. • Burgeoning use of castor oil and its derivatives in production of bio-diesel is driving the global castor oil and its derivatives market. • Lubricant is one of the major application segments of castor oil and its derivatives.

4. Castor oil is obtained from natural sources and thus there is a trend towards bio-based lubricants over synthetic. Hence, castor oil and its derivatives is expected to find large application in lubricant industry. Increasing demand for castor oil in the manufacture of polyamide 11 (Nylon 11) is another key application of castor oil and its derivatives. As the demand for high quality engineered plastics and durable protective coatings are increasing, the consumption of castor oil and its derivative is expectedto rise significantly in the next few years.    The global castor oil and its derivatives market is anticipated to grow at a substantial rate in the foreseeable future. India is expected to drive the demand for castor oil and its derivatives in the South Asian region. India is the largest producer of castor seeds producing about 65% of global production. More than 80% of castor oil is processed in the producing countries. Germany, France and Italy have processing plants and France is the largest importer of castor oil in the European Union. Demand for natural flavoring in food and beverage is expected to raise demand for castor oil and its derivatives in developed countries such as the U.S, and hence North America is expected to increase its capacity for castor oil production in the next few years.    View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved

5. Castor Oil and Its Derivatives Market has Several Players are as Follows: Itoh Oil Chemicals Co., Ltd, Thai Castor Oil Industries Co. Ltd., Jayant Agro-Organics Limited, RpkAgrotech Exports Private Limited, Kanak Castor Products Pvt. Ltd. ©2019 Transparency Market Research, All Rights Reserved

6. To know more about us, please visit our website: www.transparencymarketresearch.com For sales queries or new topics email us on: sales@transparencymarketresearch.com For other queries contact:Nachiket Ghumare (Senior Business Development Manager) 90 State Street, Albany NY – 12207, United States Tel: +1-518-618-1030 Email: nachiket@transparencymarketresearch.com T H A N K Y O U