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Castor oil derivatives Market, Analysis Report, Share, Growth,
Trend, and Forecast, 2024: Global Market Insights Inc.
The research report “Castor oil derivatives Market, Industry Analysis Report, Regional
Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, China, India, Japan,
Malaysia, Thailand, Indonesia, Australia, Brazil, Saudi Arabia, UAE, South Africa),
Application Development Potential, Price Trends, Competitive Market Share &
Forecast, 2016 – 2024”, Global Agricultural Robots Market size is expected to witness a
growth at a significant rate during the forecast period.
Castor oil is derived from castor plant seeds and contains large amount of ricinoleic acid and
oleic acid. It is pale yellow liquid having wide application in lubricants, soaps, brake fluid,
paints, dyes, plastics, waxes, coatings, inks, nylon pharmaceuticals and perfumes
manufacturing. Increasing castor oil derivatives demand for bio diesel production due to
growing environmental concerns may favor industry growth.
Purchase This Report by calling Global Market Insights, Inc. at 1-888-689-0688 (Toll Free) or 1302-846-7766.
Strong application potential in lubricants, plastics & resins, cosmetics & pharmaceuticals and
surface coating industries may drive castor oil derivatives market size. Castor oil derivatives
such as hydrogenated oil is mainly used in lubricant due to polarity, lubricity, surface resistant
and water repellant properties. Shifting preferences towards biodegradable products to reduce
dependence on petrochemicals may boost product demand. Volatile crude prices have
promoted a strong shift towards conventional biofuel, thereby stimulating industry growth.
Consumer inclination towards personal care due to changing lifestyle and rising economic
standards has led to increase in cosmetic products demand thereby stimulating industry
growth. Global cosmetic industry is poised to exceed USD 450 billion by 2024. Castor oil
derivatives such as waxes and esters are widely used in lipsticks, perfumes, shampoos,
polishes, hair tonics and deodorants due to conditioning, emollience, healing and moisturizing
Favorable regulations by FDA regarding GRAS approval of castor oil promotes its use as
laxative in OTC pharmaceutical preparations. Increased emphasis on using environment
friendly and safe products along with growing investments in research to develop new
products may have a positive influence on castor oil derivatives market size.
Increasing sebacic acid application scope in lubricants, plasticizers, cosmetics, hydraulic fluids
and candle manufacturing catalyzes may fuel product demand. Rising sebacic acid demand
in bio based polymer including polyamide manufacturing is likely to favor industry growth. It
also finds application in light stabilizers and plasticizers along with anticorrosion & lubricants
thereby promoting castor oil derivatives market size.
Global castor oil derivatives market share is fairly consolidated. Some of the key players
include NK Proteins, RPK Agrotech, Kanak Castor Products, Jayant Agro Organics, Taj Agro
Products, Xingtai Lantian Fine Chemical Company, Liaoyang Huaxing Chemical and Bom
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clients with penetrative insights and actionable market data specially designed and presented
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research methodology and are available for key industries such as chemicals, advanced
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