Hydrogenated Castor Oil Market Analysis - Global Industry Size, Share, Trends and Forecast 2025

Category : Chemicals and Materials | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC492

Introduction

Castor oil is a widely used vegetable oil generally obtained from castor plant seeds. Hydrogenated castor oil is considered to be one of the greatest versatile vegetable oils obtainable across the globe. Hydrogenated castor oil consists of a huge amount of oleic acid and ricinoleic acid. In the physical form, hydrogenated castor oil is whitish and pale yellow viscous oil and is chiefly utilized in the manufacture of lubricants, soaps, brake and hydraulic fluids, dyes, paints, inks, coatings, waxes, cold resistant plastics, nylon, polishes, perfumes and pharmaceuticals among others. Hydrogenated castor oil, also abbreviated as HCO is a wax compound derived by the efficient hydrogenation of raw castor oil. Hydrogenated castor oil is a brittle, hard, high melting point compound which is physically tasteless and odorless. It is available in the market in the form of flakes. When melted, hydrogenated castor oil leaves transparent, clear and colorless residue.

Market Dynamics

Rising demand for renewable sources of energy is driving the growth of global hydrogenated castor oil market since past few years. Moreover, countries such as India and China are witnessing a chief portion of the consumption and production of hydrogenated castor oil in the Asia-Pacific region. In addition, ease of availability of major raw materials such as castor oil seed is resulting in a surge in demand for hydrogenated castor oil in Asia-Pacific region. 

Market Classification

The global hydrogenated castor oil market can be segmented on the basis of application and geography. On the basis of application, the global hydrogenated castor oil market can be segmented into surface coatings, lubricants, cosmetics, biodiesel, pharmaceuticals, resins, plastics and others. Based on geography, market is divided into North America, Latin America, Europe, Asia-Pacific and Middle East & Africa.

Report Coverage

Market

Hydrogenated Castor Oil Market

Analysis Period

2015 – 2025

Historic Data

2015 – 2016

Base Year

2017

Forecast Data

2018 – 2025

Market Stratification

Application, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

Market Participants

Some of the major players in the global hydrogenated castor oil market include ITOH Oil Chemicals Co. Ltd., Thai Castor Oil Industries Co. Ltd., Hokoku Corporation, Xingtai Lantian Fine Chemical Co. Ltd., RPK Agrotech, Jayant Agro Organics, Taj Agro Products, Tongliao Tonghua Castor Chemical Co. Ltd., Adani Wilmar Ltd., and Kanak Castor Products Pvt. Ltd. among others.

Market Segmentation

Market By Application

o   Surface Coatings

o   Lubricants

o   Cosmetics

o   Pharmaceuticals

o   Biodiesel

o   Plastics

o   Resins

o   Others

Market By Geography

·         North America

o   U.S.

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Latin America

o   Brazil

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA


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