Global castor oil
and derivatives market is expected to reach USD 1.81 billion by 2020. Growth of
key end-use industries including biodiesel, lubricants and cosmetics is
expected to drive the global castor oil and derivatives market. Volatile crude
oil prices have prompted a strong shift towards substitution of conventional
fuel by bio fuels which is also expected to have a positive influence on the
market growth. Threat from other vegetable oils in terms of price and
application scope is expected to remain a key challenge for market
participants. High dependency on seasonality for better crop yield is also
expected to hinder the market growth.
Further key
findings from the study suggest:
Global castor oil and derivatives demand was 674 kilo tons in 2013 and is
expected to reach 898 kilo tons by 2020, growing at a CAGR of 4.4% from 2014 to
2020.
Cosmetics & pharmaceuticals was the largest application segment and
accounted for over 25% of total market volume in 2013. Growing demand for bio
ingredient based cosmetics is expected to remain a key driver for this segment.
Cosmetics & pharmaceuticals is also expected to witness the highest growth
rate over the next six years. The segment is expected to grow at an estimated
CAGR of 4.7% from 2014 to 2020.
Asia Pacific emerged as the largest regional market and accounted for
57.2% of total market volume in 2013. Growth of personal care industry coupled
with increasing healthcare expenditure particularly in China and India is
expected to drive the regional demand. Asia Pacific is also expected to witness
the highest growth rate over the forecast period. The region is expected to
grow at an estimated CAGR of 4.7% from 2014 to 2020. Presence of sophisticated
healthcare infrastructure coupled with growing biodiesel production in most
parts of North America and Europe is expected to drive respective regional
markets.
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Some Point In Table
Of Content:-
Chapter 1.
Executive Summary
Chapter 2.
Castor Oil & Derivatives Industry Outlook
Chapter 3.
Castor Oil & Derivatives Product Outlook
Chapter 4.
Castor Oil & Derivatives Application Outlook
Chapter 5.
Castor Oil & Derivatives Regional Outlook
Chapter 6.
Competitive Landscape
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