Global Castor Oil and Derivatives Market Analysis, Market Growth, Trends and Segment Forecasts, 2012 to 2020

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Global Castor Oil And Derivatives Market Analysis, Market

Growth, Trends and Segment Forecasts, 2012 To 2020

Industry Insights

Castor oil and derivatives market has been growing at a good pace over the past few years on account of

growing demand for bio-degradable products. Increasing environmental concerns is the key factor

expected to boost the market over the foreseeable period. Stringent regulation from government

boards including EPA and PNGRB to limit the usage of traditional petrochemicals resulted in shift in

focus towards castor oil and its derivatives.

This shift in focus is likely to create an opportunity for the market players. Volatile price of

petrochemical is the other key factor which is expected to surge the demand for bio-degradable

products over the foreseeable period. Bio-degradable products demand is presume to drive castor oil

and derivatives market growth over the next six years.

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Global castor oil market is also expected to witness strong growth on account of increasing demand

from automotive sector across the globe. Increasing application scope of castor oil and derivatives in

major end-use industries including pharmaceuticals, cosmetics & personal care and plastics & resins is

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expected to fuel the market growth over the forecast period. However, increasing prices of raw

materials including castor seeds coupled with low prices of other renewable chemicals is anticipated to

impact the market negatively over the forecast period.

Product Insights

Sebabic acid is the major product segment of castor oil & derivatives followed by caster wax and

dehydrated castor oil. Sebabic acid has found large number of applications in major industries, which is

expected to drive the...