Global Castor Oil And Derivatives Market
Castor Oil and Derivatives Market Size And Forecast
According to Verified Market Research, the Castor Oil and Derivatives Market was valued at USD 772.54 kilotons in 2018 and is projected to reach USD 1,053.74 kilotons by 2026, growing at a CAGR of 3.94% from 2019 to 2026.
Global Castor Oil and Derivatives Market Outlook
An increasing use of castor oil and its derivatives in production of bio-diesel is stimulating the global castor oil and its derivatives market. Moreover, manufacturers are investing in research and development activity and rising demand from various end-user industry such as cosmetic and personal care and healthcare industry are major factors booming the growth of the market. Furthermore, government bodies making strict regulations regarding environmental hazards that are caused by the use of conventional sources and petrochemicals is further catapulting the growth of the market. However, factors influencing its manufacturing cost includes raw material availability, shortage of working capital, weather uncertainties, techniques & methods used for extraction and availability of substitute oil are key factors limiting the market growth.
Global Castor Oil and Derivatives Market Competitive Landscape
The Global Castor Oil and Derivatives Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Thai Castor Oil Industries Co. Ltd., Jayant Agro-Organics Limited, RPK Agrotech, ITOH Oil Chemicals Co., Ltd., Hokoku Corporation, Tongliao Tonghua Castor Chemical Co., Ltd., N.K. Proteins Pvt Limited, Xingtai Lantian Fine Chemical Co., Ltd., Taj Agro Products Limited, and Adani Wilmar Ltd.
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