Market Overview:
The China castor oil market size reached 319.6 Kilo Tons in 2023. Looking forward, IMARC Group expects the market to reach 419.2 Kilo Tons by 2032, exhibiting a growth rate (CAGR) of 3% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
319.6 Kilo Tons |
Market Forecast in 2032
|
419.2 Kilo Tons |
Market Growth Rate 2024-2032 |
3% |
Castor oil is derived from an oilseed crop, which is cultivated in arid and semi-arid regions. It has a high-ricinoleic acid content and provides excellent lubrication properties. As a result, it finds application in the production of perfumes, medicines, soaps, surface coatings, toiletries and cosmetics. Besides this, castor oil is employed in the pharmaceuticals sector as it is highly effective against constipation.
The increasing utilization of castor oil for relieving various health concerns, along with its therapeutic, preventive, and curative properties, is strengthening the market growth in China. Moreover, due to the anti-bacterial and anti-inflammatory attributes of castor oil, it is widely utilized as a massage oil for easing arthritic joints, nerve inflammations and sore muscles. Apart from this, the rising geriatric population, in confluence with the escalating demand for chemical derivatives of castor oil, such as hydrogenated oil (HCO), dehydrated oil (DCO) and sebacic acid, are propelling the market growth in the country.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the China castor oil market report, along with forecasts at the country and regional levels from 2024-2032. Our report has categorized the market based on end use.
Breakup by End Use:
- Pharmaceuticals
- Lubricants
- Paints
- Soaps
- Others
Breakup by Region:
- North and Northeast
- Northwest
- East
- South Central
- Southwest
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
'000 Tons |
Segment Coverage |
End Use, Region |
Region Covered |
North and Northeast, Northwest, East, South Central, Southwest |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the China castor oil market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the China castor oil market?
- What are the key regional markets?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the China castor oil market and who are the key players?
- What is the degree of competition in the industry?