Castor Oil Market Projections to 2024 - Leading Players are Adani Wilmar, Jayant Agro, Gokul Overseas, and Kandla Agro & Chemicals -

DUBLIN--()--The "Castor Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to's offering.

The global castor oil market reached a volume of more than 763 Kilotons in 2018. The market is further projected to reach a volume of 943.5 Kilotons by 2024, growing at a CAGR of 3.5% during 2019-2024.

Market Drivers/Constraints

Castor oil is becoming an essential bio-based raw material which makes it ideal for various industrial applications. As a result, it is being increasingly used as a potential alternative to petroleum-based chemicals.

On account of its distinctive chemical structure, castor oil acts as a major raw material which is used in the production of various end products such as biodiesel, polyurethane adhesives, machining oils, refrigeration lubricants, etc. This versatile nature of castor oil has been contributing towards the propelling growth of the market.

As compared to other vegetable oils, castor oil is a healthier and less expensive alternative. Owing to this, food grade castor oil has gained a momentum in the food industry in the form of flavourings, mould inhibitor, food additives and packaging.

The global castor oil market is being hindered by the unstable prices of castor beans which is the result of their fluctuating supply. This supply highly depends upon the weather conditions of the region and a long harvesting process of castor beans.

End-Use Insights

The global castor oil market has been segmented on the basis of end-use which mainly include pharmaceuticals, lubricants, paints and soaps. Currently, castor oil is extensively used in the pharmaceutical industry in the form of an anti-inflammatory agent.

Regional Insights

On a geographical basis, China represents the largest market for castor oil. This can be attributed to the rapid growth in the cosmetic, surface coating and pharmaceutical industries across the region. China is followed by Europe, India, the United States and Brazil.

Competitive Landscape

The market is highly fragmented with the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:

  • Adani Wilmar
  • Jayant Agro
  • Gokul Overseas
  • Kandla Agro & Chemicals

Key Topics Covered:

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.3.1 Primary Sources

2.3.2 Secondary Sources

2.4 Market Estimation

2.4.1 Bottom-Up Approach

2.4.2 Top-Down Approach

2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Castor Seed Industry

5.1 Market Overview

5.2 Production Volume Trends

5.3 Market Breakup by Region

5.4 Market Forecast

6 Global Castor Oil Industry

6.1 Market Overview

6.2 Market Performance

6.2.1 Volume Trends

6.2.2 Value Trends

6.3 Price Analysis

6.3.1 Key Price Indicators

6.3.2 Price Structure

6.3.3 Price Trends

6.4 Market Breakup by Region

6.5 Market Breakup by End Use

6.6 Market Forecast

6.7 SWOT Analysis

6.7.1 Overview

6.7.2 Strengths

6.7.3 Weaknesses

6.7.4 Opportunities

6.7.5 Threats

6.8 Value Chain Analysis

6.9 Porter's Five Forces Analysis

6.9.1 Overview

6.9.2 Bargaining Power of Buyers

6.9.3 Bargaining Power of Suppliers

6.9.4 Degree of Competition

6.9.5 Threat of New Entrants

6.9.6 Threat of Substitutes

6.10 Key Market Drivers and Success Factors

7 Market by Region

7.1 China

7.2 Europe

7.3 India

7.4 United States

7.5 Brazil

7.6 Others

8 Market Breakup by End Use

8.1 Pharmaceuticals

8.2 Lubricants

8.3 Paints

8.4 Soaps

8.5 Others

9 Competitive Landscape

9.1 Competitive Structure

9.2 Market Breakup by Key Players

10 Castor Oil Manufacturing Process

10.1 Product Overview

10.2 Detailed Process Flow

10.3 Various Types of Unit Operations Involved

10.4 Mass Balance and Raw Material Requirements

11 Project Details, Requirements and Costs Involved

11.1 Land Requirements and Expenditures

11.2 Construction Requirements and Expenditures

11.3 Plant Layout

11.4 Plant Machinery

11.5 Machinery Pictures

11.6 Raw Material Requirements and Expenditures

11.7 Raw Material and Final Product Pictures

11.8 Packaging Requirements and Expenditures

11.9 Transportation Requirements and Expenditures

11.10 Utility Requirements and Expenditures

11.11 Manpower Requirements and Expenditures

11.12 Other Capital Investments

12 Loans and Financial Assistance

13 Project Economics

13.1 Capital Cost of the Project

13.2 Techno-Economic Parameters

13.3 Product Pricing and Margins Across Various Levels of the Supply Chain

13.4 Taxation and Depreciation

13.5 Income Projections

13.6 Expenditure Projections

13.7 Financial Analysis

13.8 Profit Analysis

14 Key Player Profiles

For more information about this report visit

Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Fragrance, Flavor and Aroma Chemicals, Oils and Fats, Lubricants and Greases, Cosmetic Chemicals

Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Fragrance, Flavor and Aroma Chemicals, Oils and Fats, Lubricants and Greases, Cosmetic Chemicals