Castor Oil and Derivatives Market Size to Expand Significantly by the End of 2024

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Castor Oil and Derivatives
Market Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2024
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Global Superabsorbent Polymer Market Snapshot

• Castor oil and its derivatives are well known for
  its medicinal benefits. Castor oil is obtained
  from castor seeds (Ricinus communis).
• It is a trigyceride and comprises fatty acids,
  90 of which is ricinoleic acid. It appears as a
  pale yellow liquid with a thick and sticky
  sensation.
• It has anti-oxidant and anti-inflammatory
  properties which makes it useful for therapeutic
  applications.
• Castor oil has a consistent viscosity and thus it
  doesnt freeze at lower temperatures.
• This property makes it an ideal substitute for
  synthetic lubricants in commercial manufacturing
  processes.
• Castor oil and its derivatives have several
  applications such as food additive and
  flavorants, mold inhibitor, and cosmetic
  ingredient.
• Castor oil is also synthesized to produce
  bio-diesel.
• There are several derivatives of castor oil such
  as castor wax, castor meal, sulfonated castor
  oil, and dehydrated castor oil that has wide
  application in various industrial processes.
• Burgeoning use of castor oil and its derivatives
  in production of bio-diesel is driving the global
  castor oil and its derivatives market.
• Lubricant is one of the major application
  segments of castor oil and its derivatives.

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• Castor oil is obtained from natural sources and
  thus there is a trend towards bio-based
  lubricants over synthetic. Hence, castor oil and
  its derivatives is expected to find large
  application in lubricant industry. Increasing
  demand for castor oil in the manufacture of
  polyamide 11 (Nylon 11) is another key
  application of castor oil and its derivatives. As
  the demand for high quality engineered plastics
  and durable protective coatings are increasing,
  the consumption of castor oil and its derivative
  is expectedto rise significantly in the next few
  years.   
• The global castor oil and its derivatives market
  is anticipated to grow at a substantial rate in
  the foreseeable future. India is expected to
  drive the demand for castor oil and its
  derivatives in the South Asian region.
• India is the largest producer of castor seeds
  producing about 65 of global production. More
  than 80 of castor oil is processed in the
  producing countries. Germany, France and Italy
  have processing plants and France is the largest
  importer of castor oil in the European Union.
• Demand for natural flavoring in food and beverage
  is expected to raise demand for castor oil and
  its derivatives in developed countries such as
  the U.S, and hence North America is expected to
  increase its capacity for castor oil production
  in the next few years.   

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Castor Oil and Its Derivatives Market has Several
Players are as Follows

• Itoh Oil Chemicals Co., Ltd,
• Thai Castor Oil Industries Co. Ltd.,
• Jayant Agro-Organics Limited,
• Rpk Agrotech Exports Private Limited,
• Kanak Castor Products Pvt. Ltd.
•  

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