The Europe castor oil market reached a volume of 171.5 Kilo Tons in 2020. Looking forward, IMARC Group expects the market to exhibit stable growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Castor oil is extracted from an oilseed crop and mainly cultivated in arid and semi-arid regions. It has a high ricinoleic acid content and offers remarkable lubrication properties. Consequently, it is widely utilized in the production of pharmaceuticals, perfumes, medicines, soaps, surface coatings, toiletries and cosmetics. It is also employed in the healthcare industry for manufacturing medicines that are effective in treating constipation. At present, there is a considerable rise in the demand for castor oil and its derivatives, such as hydrogenated oil (HCO), in Europe.
The rising utilization of castor oil for relieving various health problems, along with its therapeutic, preventive and curative properties, is propelling the market growth in Europe. Apart from this, due to its anti-bacterial and anti-inflammatory attributes, castor oil is widely utilized as a massage oil for easing arthritic joints, nerve inflammation and sore muscles. However, the coronavirus disease (COVID-19) outbreak and lockdowns in different parts of the region have negatively impacted the operations of the various manufacturing units. The market is anticipated to experience growth once lockdown restrictions are reduced.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe castor oil market, along with forecasts at the regional and country level from 2021-2026. Our report has categorized the market based on end use.
Breakup by End Use:
Breakup by Country:
- United Kingdom
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis
||US$ Million, '000 Tons
||End Use, Country
||Germany, France, United Kingdom, Italy, Spain, Others
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Key Questions Answered in This Report:
- How has the Europe 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 Europe 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 Europe castor oil market and who are the key players?
- What is the degree of competition in the industry?