DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Castor Oil And Derivatives Market Analysis By Product, By Application And Segment Forecasts To 2024" report to their offering.
The global castor oil and derivatives market is expected to reach USD 2.30 billion by 2024
Rise in petrochemical prices coupled with growing end-use commercial activity and demand for the sustainable and renewable source is expected to compel the market growth over the next eight years.
The global castor oil and derivatives market demand was 718.5 kilo tons in 2015 and is expected to reach 1,085.2 kilo tons by 2024, growing at a CAGR of 4.7% from 2016 to 2024
The market is estimated to witness a high growth owing to increase in demand for biodegradable products and increasing trend to reduce dependence on petrochemicals are expected to foster the market growth.
Asia Pacific dominated the overall market. Growth in end-use markets such as personal care, lubricants, and pharmaceuticals is presumed to fuel the regional demand over the next eight years.
Easy availability of castor seed is presumed to contribute to the regional industry development. Rising demand for renewable sources is estimated to fuel the market consumption. Thus, Asia Pacific is projected to witness rapid growth over the forecast period.
Advancements and innovation to develop better quality product have been important strategies implemented by major companies. The market vendors have been heavily investing in research & development to create novel applications and gain competitive advantage.
Key market participants include
- Thai Castor Oil Industries Co. Ltd.
- ITOH Oil Chemicals Co. Ltd.
- Jayant Agro Organics
- Hokoku Corporation
- RPK Agrotech
- Taj Agro Products
- TongliaoTongHua Castor Chemical Co. Ltd.
- XingtaiLantian Fine Chemical Co. Ltd.
- NK Proteins
- Adani Wilmars
- Kanak Castor Products Pvt. Ltd.
- Liaoyang Huaxing Chemical Co., Ltd.
- Bom Brazil
- Gokul Overseas
Key Topics Covered:
1. Executive Summary
2. Castor Oil And DerivativesIndustry Outlook
3. Castor Oil AndDerivativesProduct Outlook
4. Castor Oil AndDerivativesApplicationOutlook
5. Castor Oil AndDerivativesRegional Outlook
6. Competitive Landscape
For more information about this report visit http://www.researchandmarkets.com/research/zc2snl/castor_oil_and