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

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 by IMARC Group titled, “Castor Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global castor oil market has reached 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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Castor Oil Market

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.

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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 plant. The study, done by one of the world’s leading research and advisory firms, 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 margins, etc. It also offers SWOT, Value Chain and Porter’s Five Forces analysis and regional segmentation followed by an analysis of the competitive landscape. This 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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Global Castor Oil Market to Grow at a CAGR of 4.5% With India as the Leading Producer

Castor-Oil-1

India represents the world’s largest producer of castor oil followed by China and Brazil. In terms of consumption, China represents the largest consumer of castor oil followed by Europe, India and the US.

Castor oil is a very resourceful vegetable oil extracted from the seeds of the castor plant. It originated in the tropical belt of India and Africa and is mainly cultivated in arid and semi-arid regions. Castor oil is quite unique with no synthetic substitute. It finds a wide array of applications in innumerable industries such as manufacturing of adhesives, brake fluids, caulks, dyes, electrical liquids, dielectrics, lubricating greases, machining oils, paints, pigments, polyurethane refrigeration lubricants, rubber sealants, textiles, washing powders and waxes. It has applications in a number of other industries as well, such as food, pharmaceuticals, cosmetics, defence and the electronics & telecommunications industry.

According to a recently published report by IMARC group titled “Castor Oil Market – Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue” the global production of castor oil reached volumes worth 0.75 million tons in 2015 with the market growing at a CAGR of 4.1% during 2008-2015. The market saw a decline in production levels in 2012 and 2013 due to a decline in castor seed production in India. However, the market recovered from 2013 and has since witnessed a continuous increase in the production levels of castor oil. Looking forward, the market is projected to grow at a CAGR of 4.5% during 2016-2021.

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The report has segmented the market on the basis of regions. Currently, India represents the world’s largest producer of castor oil followed by China and Brazil. In terms of consumption, China represents the largest consumer of castor oil followed by Europe, India and the US. As India is the largest producer of both castor seeds and castor oil, the key players are concentrated in this region as well. At present, Adani Wilmar is the largest player in this market followed by Jayant Agro, Gokul Overseas and Kandla Agro & Chemicals.

This report covers all the requisite aspects of the castor oil industry. This ranges from macro overview of the market to micro details of the industry performance, processing & manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the castor oil industry in any manner.

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

IMARC Group
Tel: +91-120-415-5099
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: http://www.imarcgroup.com
Follow us on twitter: @imarcglobal

Castor Oil Market, Prices and Manufacturing Plant Project Report

Castor Oil MarketCastor oil is a vegetable oil manufactured by pressing the seeds of castor oil plant also known as “Ricinus Communis”. It is most versatile and colorless to very pale yellow liquid with a distinct taste and odor once first ingested. Castor oil is useful in a various number of industries and applications due to its rich properties and variety of end-uses. The oil is used in the manufacturing of paints, dyes, coatings, inks, cold resistant plastics, soaps, lubricants, hydraulic and brake fluids, waxes and polishes, nylon, pharmaceuticals and perfumes. The global castor oil market is expected to grow at a CAGR of around 4% during 2014-2020. Currently India is leading castor oil producer followed by China and Brazil. Some of the largest producer of castor oil includes Adani Wilmar, Jayant Agro, Gokul Overseas, etc.

IMARC new report entitled “Castor Oil Manufacturing Plant Project Report: Industry Trends, Manufacturing Process, Machinery, Raw Materials, Cost and Revenue” provides comprehensive analysis of the global castor oil market and describes all key driving factors necessary for setting up a castor oil manufacturing plant. Analysis covered in this report includes the castor oil market size, market trends, project cost, machinery, manufacturing process, feedstock’s, funding, rate of return, profit margins, feedstock requirement, etc.

These are the following key features of the castor oil report

• Key success and risk factors in the castor oil industry.
• Castor oil market performed in the coming years.
• Structure of the castor oil industry and the key players.
• Various unit operations involved in a castor oil plant.
• Total size of land required for setting up a castor oil plant.
• Machinery requirements for setting up a castor oil plant.
• Raw material requirements for setting up a castor oil plant.
• Utility requirements for setting up a castor oil plant.
• Manpower requirements for setting up a castor oil plant.
• Infrastructure costs for setting up a castor oil plant.
• Capital costs for setting up a castor oil plant.
• Operating costs for setting up a castor oil plant.
• Pricing mechanism of various castor oil products.
• Income and expenditures for a castor oil plant.
• Time required to break-even.

For the complete research report on Castor Oil, visit the following link: http://www.imarcgroup.com/castor-oil-manufacturing-plant
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