Global Castor Oil Market Share, Size , Price Trends and Forecast 2017-2022

Castor Oil Market: Global Industry Trends, Share, Size, Growth,
Opportunity and Forecast 2017-2022
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Global Castor Oil Market Driven by Expanding Applications in Diverse
Industries
As a result of its lubricating qualities, castor oil is used either in crude or refined hydrogenated form
in a number of industries such as food, cosmetic and electronic & telecommunications. Some of its
applications are in the manufacturing of products such as adhesives, brake fluids, paints, pigments,
electrical liquids, dielectrics, etc.
A latest report y IMARC Group titled, Castor Oil Market: Global Industry Trends, Share, Size,
Growth, Opportunity and Forecast 2017-2022, fids that the gloal astor oil arket has reahed
a volume of around 1,800 Thousand Tons in 2016, growing at a CAGR of 4% during 2009-2016.
Castor oil is extracted from the seeds of the castor plant. It originated in the tropical belt of India
and Africa and is mostly cultivated in arid and semi-arid regions. In the past five years, the market
has witnessed a reduction in the production levels of castor seeds as a result of decline in the
sowing area. However, due to delayed monsoon in India after 2013, farmers were driven towards
growing castor crops as these require less water during plantation. Consequently, the production
of castor oil has accelerated from the year 2013 onwards. According to the report, the market for
castor oil is expected to grow at a CAGR of 4.5% during 2017-2022, reaching a volume of more
than 2,200 Thousand Tons by 2022.

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The report offers a detailed segmentation of the castor oil market based on its
applications. It serves as an important component in innumerable industries such as
pharmaceuticals, food, cosmetic and the electronics & telecommunications industry.
In the food and cosmetic industry, it is used as an additive for flavouring and in
manufacturing lipsticks, respectively. In the electronics and telecommunication
industry, castor oil is used in the production of polymers as well as the
manufacturing of equipment which are used for national security. Furthermore, it is
also used in the manufacturing of a number of products which include adhesives,
brake fluids, caulks, dyes, machining oils, paints, pigments, electrical liquids,
dielectrics, lubricating greases, polyurethane refrigeration lubricants, rubber
sealants, textiles, washing powders, waxes, etc.
To get more information, please visit @ http://www.imarcgroup.com/castor-oilmanufacturing-plant

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Report Description and Highlights
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The report has segmented the market on a regional basis. The regions covered in the
report include India, Brazil and China. Currently, India represents the largest producer
of castor oil at the global level. India is followed by China and Brazil. In terms of
consumption, China is the largest consumer of castor oil, followed by Europe, India
and the United States. The report has also provided a thorough analysis of the
competitive landscape along with the details of the major players operating in the
market. Some of the players given in the report are Adani Wilmer, Gokul Overseas,
Kandla Agro & Chemicals and Jayant Agro. Amongst these, the majority of the market
share is held by Adani Wilmer.
The report provides a detailed roadmap for setting up a castor oil manufacturing
plat. The study, doe y oe of the orld’s leadig researh ad adisory firs,
covers all the prerequisites of the castor oil market and provides an in-depth analysis
of the market, industry performance, processing & manufacturing requirements,
project cost, project funding, project economics, expected returns on investment,
profit argis, et. It also offers SWOT, Value Chai ad Porter’s Fie Fores aalysis
and regional segmentation followed by an analysis of the competitive landscape. This

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Report Description
report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists,
and all those who are planning to foray into the castor oil market in any manner.
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