DUBLIN--(BUSINESS WIRE)--The "Global Castor Oil and its Derivatives Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The global castor oil and its derivatives market will register a CAGR of more than 5% by 2022.
The latest trend gaining momentum in the market is the use of castor oil as a source of biodiesel. The increased price of petroleum and environmental; concerns regarding vehicular emissions have increased its use.
According to the report, one of the major drivers for this market is the increasing demand for castor oil and its derivatives in major end- use industries. Castor oil derived from castor seeds is oil of the major commercial feedstock for manufacturing a variety of industrial chemicals which is used in pharmaceuticals, cosmetics, personal care, surfactants, lubricants and many other.
Further, the report states that one of the major factors hindering the growth of this market is the fluctuations in castor oil prices caused by extreme dependence on climate. Fluctuations in raw material prices, owning to the availability of inexpensive substitutes as well as the widening supply-demand gap demand of long storage and hoarding period pose a challenge in the market.
Market Trends
- Use of Castor Oil as a Source of Biodiesel
- High Potential for Producing Bioplastics and Biopolymers
- Increase in Castor Crop Production in India
Key Players
- Arkema
- Gokul Agro Resources
- Hokoku
- Jayant Agro-Organics
- NK Industries
- Thai Castor Oil Industries
Topics Covered
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Market Segmentation by Product
8. Customer Landscape
9. Regional Landscape
10. Decision Framework
11. Drivers and Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/4sxvz5/castor_oil_and?w=4
