Castor Oil Market Report, Share, Size, Trends, Growth and Forecast Till 2024

1. Global Castor Oil Market Research Report and Forecast 2024 Report Edition: 2019 Copyright © IMARC Service Pvt Ltd. All Rights Reserved © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Castor Oil Market Overview: Castor oil is sourced from the castor plant which is found in the tropical areas of India and Africa. This plant is majorly cultivated in the semi-arid and arid regions. The extracted oil varies between pale- yellow to colourless and has a distinct odour and taste. Castor oil is a good source of ricinoleic, monounsaturated and 18-carbon fatty acid. Apart from this, it is also rich in proteins, Vitamin E as well as Omega 6 and 9 which makes it ideal for healthy skin and hair. Castor oil helps to the reduce hair fall, pre-mature greying of hair and other scalp-related disorders. A new research report by IMARC Group, titled “Castor Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019- 2024”, estimates that the market reached a volume of more than 763 Kilotons in 2018. The report further anticipates the market to reach a volume of 943.5 Kilotons by 2024, at a projected CAGR of 3.5% over the forecast period. Global Castor Oil Market Drivers/Constraints: • There has been a significant increase in the demand for sustainable and biodegradable products in order to reduce dependency on petrochemicals. This is one of the primary factors which is driving the growth of the global castor oil market.

4. Report Description and Highlights Report Description 186.5 181.2 120.2125.5130.8136.1141.4146.7152.0157.3 175.9 170.6 160 180 165.3 160.0 160 140 140 120 In Billion US$ in Billion US$ 120 100 100 80 80 60 60 40 40 20 20 0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 • Manufacturers have started launching various new products which are formulated with the help of castor oil. This, in turn, has contributed towards an augmented worldwide demand for castor oil. Request for a free sample report: https://www.imarcgroup.com/castor-oil-manufacturing- plant/requestsample

5. Report Description and Highlights Report Description • Some of the other factors which are positively supporting the growth of the market include rising costs of other renewable resources and implementation of strict regulations regarding the use of eco-friendly products by governments across various nations. However, unstable prices of castor plant, weather uncertainties and shortage of working capital are some of the factors which act as a hindrance towards the market growth. • Key Market Segmentation: Market Segmentation by End-Use • • • • • Pharmaceuticals Lubricants Paints Soaps Others Based on end-use, the report finds that pharmaceuticals currently represent the largest end-use segment of castor oil. It is followed by lubricants and paints.

6. Report Description and Highlights Report Description For more information, click here: https://www.imarcgroup.com/castor-oil-manufacturing-plant Market Segmentation by Region • • • • • • China Europe India United States Brazil Others On a geographical front, China enjoys a leading position in the global castor oil market. There is a high demand for castor oil in the region due to a rapid growth in surface coatings, cosmetics & pharmaceuticals. Some of the other major markets include Europe, India, the United States and Brazil. Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

7. Report Description and Highlights Report Description • • • • Adani Wilmar Jayant Agro Gokul Overseas Kandla Agro & Chemicals Browse Related Report Corn Oil Market Report: https://www.imarcgroup.com/corn-oil-market Avocado Oil Market Report: https://www.imarcgroup.com/avocado-oil-market

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10. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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