Castor oil is a pale-yellow liquid extracted from the seeds of castor oil plant- Ricinus Communis. It is a valuable chemical feedstock that finds applications in many industries like cosmetics, surface coatings, toiletries, pharmaceuticals, perfumes, soaps, medicines, etc. It is also used in the food processing industry either as an additive for flavouring or as a mould inhibitor. During 2014-2018, the global castor oil market grew at a CAGR of around 4%. The market is currently being driven by the increasing demand of castor oil in various industrial applications such as paints, soaps, lubricants, biofuels, etc. This report by Expert Market Research, entitled “Castor Oil Market Report and Forecast 2019 - 2024”, provides a comprehensive analysis for anyone who plans to foray into the castor oil market.
Historical market trends for the castor oil industry have been provided from 2014-2018 and forecasts have been presented till 2024. On a regional level, the report has segmented the global castor oil market into the following major regions – India, China, USA and Europe. Among these regions, China currently represents the largest market. Additionally, the report has analysed the global castor oil market on the basis of its end use. The paint industry represented the biggest end use market followed by the soap industry and the lubricant industry.
The value chain analysis of castor oil has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales and distribution. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the castor oil industry has also been provided. Some of the key players in this market include – Adani Wilmar, Jayant Agro, Gokul Overseas and Kandla Agro & Chemicals.
This report provides an exhaustive insight for setting-up and running a castor oil manufacturing plant. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.
The following are the key questions answered by this report:
- What are the market trends for the global castor oil market?
- Which are the biggest markets (regions) for castor oil?
- What are the key application areas for castor oil?
- Who are the key manufacturers in the castor oil market?
- What are the land and construction requirements to start a castor oil manufacturing plant?
- What are the machinery requirements to start a castor oil manufacturing plant?
- How is castor oil priced? What are the profit margins at various stages of the supply chain?
- What is the total capital investment required to start a castor oil manufacturing plant?
- What are the running costs of a castor oil manufacturing plant?
- How much revenue can a castor oil manufacturing plant generate?
In order to prepare this research report, Expert Market Research conducted face to face and telephone interviews with numerous industry participants in the castor oil industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complemented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.