글로벌 캐스터 오일 시장 – 2031년까지의 산업 동향 및 예측

캐스터 오일 시장 분석 및 규모

캐스터 오일 기반 수지는 캐스터 오일 개질 에폭시 및 폴리아미드 수지와 같이 고온 성능, 인성, 유연성, 강성, 내화학성, 강한 접착력 및 제형 유연성과 같은 뛰어난 특성을 나타냅니다. 결과적으로 캐스터 오일은 에폭시 및 폴리아미드 수지 제형의 핵심 성분이 되어 페인트 및 코팅 산업에서 광범위하게 응용되고 있습니다. 또한 캐스터 오일은 보호 코팅의 가소제 역할을 하여 성능과 내구성을 향상시킵니다. 플라스틱 및 수지 산업에서 캐스터 오일의 이러한 광범위한 응용은 시장 성장에 크게 기여하여 다양한 부문에서 지속 가능하고 고성능 솔루션을 제공했습니다.

글로벌 캐스터 오일 시장 규모는 2023년에 21억 9천만 달러로 평가되었으며, 2031년까지 36억 8천만 달러에 도달할 것으로 예상되며, 2024년에서 2031년까지의 예측 기간 동안 CAGR은 6.70%입니다. Data Bridge Market Research에서 큐레이팅한 시장 보고서에는 시장 가치, 성장률, 세분화, 지리적 범위, 주요 업체와 같은 시장 시나리오에 대한 통찰력 외에도 심층적인 전문가 분석, 지리적으로 표현된 회사별 생산 및 용량, 유통업체 및 파트너의 네트워크 레이아웃, 자세하고 업데이트된 가격 추세 분석, 공급망 및 수요의 적자 분석이 포함됩니다.

보고 범위 및 시장 세분화       

시장 정의

피마자유는 피마자 식물(Ricinus communis)의 씨앗에서 추출한 식물성 오일입니다. 독특한 냄새와 점성이 있는 무색에서 옅은 노란색 액체입니다. 피마자유는 수세기 동안 약용 및 치료적 특성으로 사용되어 왔습니다. 항염 및 항균 특성을 가진 독특한 지방산인 리시놀레산 함량이 높은 것으로 알려져 있습니다.

캐스터 오일 시장 동향

운전자

• 지속 가능하고 천연적인 제품에 대한 수요 증가   

지속 가능성과 환경 의식에 대한 글로벌 전환으로 인해 천연 및 친환경 제품에 대한 수요가 증가했습니다. 소비자는 구매 결정이 환경에 미치는 영향을 더 잘 알고 있으며 지속 가능하게 조달되고 천연 성분을 사용하여 생산된 제품을 적극적으로 찾고 있습니다. 다양한 유익한 특성을 가진 천연 제품인 피마자유는 특히 화장품 및 제약과 같은 산업에서 수요가 급증하고 있습니다. 제조업체는 지속 가능하고 천연 제품에 대한 이러한 증가하는 소비자 선호도에 부응하기 위해 제형에 피마자유를 점점 더 많이 통합하고 있으며, 이로 인해 피마자유 판매가 증가하여 시장 성장을 촉진하고 있습니다.    

• 건강 및 뷰티 산업에서 캐스터 오일의 인기 증가      

The versatile benefits of castor oil, including its effectiveness in relieving constipation, moisturizing skin, and promoting hair growth, have propelled its popularity in the healthcare and cosmetic industries. As consumers become more conscious of natural and holistic health solutions, the demand for castor oil as a natural remedy has surged. This growing awareness has not only led to an increase in the use of castor oil in traditional applications but has also sparked innovation in product formulations, leading to its incorporation in a wide range of health and beauty products. As a result, castor oil is now a staple ingredient in many skincare, haircare, and healthcare products, driving market growth and expanding its presence in the health and beauty market.

Opportunities

• Rising Demand for Castor Oil as a Sustainable Biofuel

The global push towards sustainable energy sources has led to a significant increase in the demand for biofuels. Castor oil is emerging as a valuable feedstock for biodiesel production due to its high oil content and favorable fatty acid composition. As governments around the world implement policies to promote the use of biofuels and reduce greenhouse gas emissions, the demand for castor oil as a biodiesel feedstock is expected to rise. This presents a significant market opportunity for the market.

• Expanding Pharmaceutical Industry

The pharmaceutical industry is experiencing rapid growth, particularly in emerging markets, driven by factors such as increasing healthcare spending, expanding access to healthcare, and the growing prevalence of chronic diseases. Castor oil is widely used in the pharmaceutical industry for its medicinal properties and versatility. It is used in the formulation of various drugs and as a laxative. The expanding pharmaceutical industry, especially in regions such as Asia-Pacific and Latin America, presents a lucrative market opportunity for castor oil producers.

Restraints/Challenges

• Limited Availability of Castor Seeds      

While castor plants can thrive in diverse climatic conditions, the cultivation of castor seeds is primarily concentrated in specific regions, such as India, China, and Brazil. This limited geographical spread of castor seed cultivation poses a challenge, particularly in non-traditional producing regions where access to castor seeds may be restricted. Factors such as climate change, pests, and diseases can also affect castor seed production, challenging the market growth.  

• Competition from Synthetic Alternatives 

Synthetic substitutes, which are often cheaper and more readily available, can provide similar functionalities to castor oil in industries such as cosmetics and lubricants. This competition from synthetic alternatives can limit the market growth of castor oil, particularly in price-sensitive markets where cost is a significant factor in purchasing decisions.  The availability of synthetic alternatives for some applications of castor oil poses a challenge to the growth of the castor oil market.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In July 2023, Casterra Ag Ltd., a subsidiary of Evogene, received orders worth USD 2.2 million to supply castor seeds in new African territories during 2023. This expansion is part of their efforts to provide integrated cultivation solutions
• In May 2023, Kenya's Ministry of Agriculture signed a Memorandum of Understanding (MoU) with ENI to enhance the cultivation of biofuel crops such as castor oil and cotton in arid regions. This initiative aims to utilize 80% of the country's land for increased production

Castor Oil Market Scope

The global castor oil market is segmented on the basis of product type, application, end-use, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications. 

Product Type

• Cold Pressed Castor Oil
• Hydrogenated Castor Oil
• Jamaican Black Castor Oil
• Dehydrated Castor Oil
• Others

Application

• Lubricants
• Biodiesel
• Cosmetics and Pharmaceuticals
• Plastics and Resins
• Others

End-Use

• Chemical Industry
• Pharmaceutical
• Cosmetic and Personal Care 
• Food and Beverage

Distribution Channel

• Hypermarket/Supermarket
• Convenience Stores
• Traditional Grocery Stores
• Discount Stores
• Specialty Stores
• Online Retail

 Castor Oil Market Regional Analysis/Insights

The market is analyzed and market size insights and trends are provided by country, product type, application, end-use, and distribution channel as referenced above.

The countries covered in the market are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.

Asia-Pacific is expected to dominate the market due to its substantial production and consumption levels, abundant availability of castor seeds, and the increasing use of castor oil in industries such as paint, plastic, rubber, perfumery, and cosmetics. The rise in local consumption further bolsters the region's position in the castor oil market.

Europe is expected to show significant growth due to rising demand for castor oil in various industries across Europe, including pharmaceuticals, cosmetics, and food & beverages. Consumers are increasingly looking for products that are environmentally friendly and free from harsh chemicals, making castor oil an attractive option for market growth.

보고서의 국가 섹션은 또한 현재 및 미래 시장 추세에 영향을 미치는 개별 시장 영향 요인과 시장 규제의 변화를 제공합니다. 하류 및 상류 가치 사슬 분석, 기술 추세, 포터의 5가지 힘 분석, 사례 연구와 같은 데이터 포인트는 개별 국가의 시장 시나리오를 예측하는 데 사용되는 몇 가지 포인터입니다. 또한 지역 브랜드의 존재 및 가용성과 지역 및 국내 브랜드와의 대규모 또는 희소한 경쟁으로 인해 직면한 과제, 국내 관세의 영향 및 무역 경로가 국가 데이터에 대한 예측 분석을 제공하는 동안 고려됩니다.

경쟁 환경 및 피마자유 시장 점유율 분석

시장 경쟁 구도는 경쟁자에 대한 세부 정보를 제공합니다. 포함된 세부 정보는 회사 개요, 회사 재무, 창출된 수익, 시장 잠재력, R&D 투자, 새로운 시장 이니셔티브, 지역적 입지, 생산 현장 및 시설, 생산 용량, 회사의 강점과 약점, 제품 출시, 제품 폭과 범위, 애플리케이션 우세입니다. 위에 제공된 데이터 포인트는 회사의 시장 집중과만 관련이 있습니다.

시장에서 활동하는 주요 시장 주체는 다음과 같습니다.

• NKProteins Pvt Limited(인도)
• JAYANT AGROORGANICS LIMITED(인도)
• AMBUJA 솔벡스 PVT. 주식 회사 (인도)
• 아다니 그룹(인도)
• Wilmar International Ltd(싱가포르)
• rpkagrotech(인도)
• 고쿨레포일(인도)
• Adya Oils & Chemicals Ltd. (인도)
• Taj Agro International(Taj Pharma Group)(인도)
• Girnar Industries(인도)
• 키산 아그로(인도)
• Gokul Agro Resource Ltd. (인도)
• ITOH OIL CHEMICALS CO., LTD. (일본)
• 호코쿠 주식회사(일본)
• NK Industries Limited(인도)

SKU-39727