DUBLIN, Jun 11, 2021–(BUSINESS WIRE)–The “Castor Oil and Derivatives – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Castor Oil and Derivatives estimated at 849.4 Thousand Tons in the year 2020, is projected to reach a revised size of 1.1 Million Tons by 2027, growing at a CAGR of 4% over the analysis period 2020-2027.
Hydrogenated Castor Oil / Castor Wax, one of the segments analyzed in the report, is projected to record a 4.2% CAGR and reach 345.9 Thousand Tons by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Sebacic Acid segment is readjusted to a revised 4% CAGR for the next 7-year period.
The U.S. Market is Estimated at 229.5 Thousand Tons, While China is Forecast to Grow at 6.5% CAGR
The Castor Oil and Derivatives market in the U.S. is estimated at 229.5 Thousand Tons in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 226.8 Thousand Tons by the year 2027 trailing a CAGR of 6.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.
12HSA Segment to Record 4.4% CAGR
In the global 12HSA segment, USA, Canada, Japan, China and Europe will drive the 4.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of 108.7 Thousand Tons in the year 2020 will reach a projected size of 144.2 Thousand Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 147.5 Thousand Tons by the year 2027, while Latin America will expand at a 4.7% CAGR through the analysis period.
Select Competitors (Total 47 Featured):
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Adani Wilmar Ltd.
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BOM Brasil Oleo de Mamona Ltda
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Girnar Industries
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Gokul Agri International Ltd.
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Hokoku Corporation
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ITOH Oil Chemicals Co., Ltd.
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Jayant Agro-Organics Limited
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Kanak Castor Products Pvt. Ltd.
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Liaoyang Huaxing Chemical Co., Ltd.
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N.K. Proteins Pvt Limited
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RPK Agrotech
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Taj Agro Products Limited
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Thai Castor Oil Industries Co. Ltd.
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Tongliao Tonghua Castor Chemical Co., Ltd.
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Xingtai Lantian Fine Chemical Co., Ltd.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
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Influencer Market Insights
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World Market Trajectories
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Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
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UNITED STATES
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CANADA
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JAPAN
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CHINA
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EUROPE
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FRANCE
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GERMANY
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ITALY
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UNITED KINGDOM
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SPAIN
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RUSSIA
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REST OF EUROPE
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ASIA-PACIFIC
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AUSTRALIA
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INDIA
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SOUTH KOREA
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REST OF ASIA-PACIFIC
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LATIN AMERICA
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ARGENTINA
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BRAZIL
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MEXICO
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REST OF LATIN AMERICA
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MIDDLE EAST
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IRAN
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ISRAEL
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SAUDI ARABIA
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UNITED ARAB EMIRATES
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REST OF MIDDLE EAST
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AFRICA
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/reports/5303321/castor-oil-and-derivatives-global-market?utm_source=BW&utm_medium=PressRelease&utm_code=3xb5br&utm_campaign=1548455+-+Castor+Oil+and+Derivatives+Global+Market+to+2027+-+Featuring+Adani+Wilmar%2c+Girnar+Industries+and+RPK+Agrotech+Among+Others&utm_exec=jamu273prd
View source version on businesswire.com: https://www.businesswire.com/news/home/20210611005150/en/
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