Market Updates Castor Oil Market - Global Industry Sales, Revenue | Page 2

are only a few large exporters of castor oil fulfilling a massive portion of world demand. In recent years, with the
rapid development of industrial production and advanced technology are emerging, Castor oil becoming more and
more deep-processed products, becoming the people’s concern and as such, the domestic and international market
demand for Castor Beans has been in rapid growth in many countries. Castor Oil is used for biodegradable lubricants,
Biofuel and caters to many other applications, with its emissions of gases complying with international
environmental standards in the castor oil market.
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Castor oil is a proven competitor in the industrial chemical markets. It is a critical raw material for the industrial
chemical markets. It is practical, natural, renewable and very versatile, and it has been a staple for the Oleo chemical
markets for a very long time. Castor oil has been called on to resolve numerous formulating and processing needs
because of its unique fatty acid structure in the castor oil market. Strong export demand internationally lifted castor
future and made as one of the high demand cash crops nowadays. The company decided to development castor
plantation comprehensively in the future by assisting planter involved in castor plantation and impart plantation
knowledge plus management experience to them. Castor Oil Market is segmented By Types into Hydrogenated
Castor Oil (HCO), 12-Hydroxy Stearic Acid (12 HAS), Methyl 12 HSA (Hydroxy Stearate Acid), COLM (Urethane Grade),
Ethoxylated Castor Oil, Dehydrated castor oil, Castor wax, C-7 Derivatives of Castor Oil, C 11 Derivatives of Castor Oil,
and C 18 Derivatives of Castor Oil.
Cosmetics and Pharmaceuticals followed by surface coatings, and plastics and resin industry are the largest
consumers of castor oil whereas the surface coatings industry is the fastest growing end user for the castor oil.
Castor oil has a low significance in the biodiesel industry as the production cost of castor oil is higher as compared to
other biofuels. Castor Oil Market is segmented, By Geographical Region into North America, Europe, APAC, and Latin
America.Castor Oil Market Key Players include Thai Castor Oil Industries Co. Ltd., ITOH Oil Chemicals Co. Ltd., Jayant
Agro Organics, Hokoku Corporation, RPK Agrotech, XingtaiLantian Fine Chemical Co. Ltd., TongliaoTongHua Castor
Chemical Co. Ltd., Taj Agro Products, Kanak Castor Products Pvt. Ltd., Adani Wilmar, NK Proteins, Liaoyang Huaxing
Chemical Co., Ltd., Enovel, Bom Brazil and Gokul Overseas.
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