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.
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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.
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Report Coverage
Market Hydrogenated Castor Oil Market
Analysis Period 2015 – 2025
Historic Data 2 015 – 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.
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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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