Europe Castor Oil Market Report by End Use (Pharmaceuticals, Lubricants, Paints, Soaps, and Others), and Country 2024-2032

Europe Castor Oil Market Report by End Use (Pharmaceuticals, Lubricants, Paints, Soaps, and Others), and Country 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A2989
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Market Overview:

The Europe castor oil market size reached 288.0 Kilo Tons in 2023. Looking forward, IMARC Group expects the market to reach 327.5 Kilo Tons by 2032, exhibiting a growth rate (CAGR) of 1.4% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
288.0 Kilo Tons
Market Forecast in 2032
327.5 Kilo Tons
Market Growth Rate 2024-2032 1.4%


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 segment of the Europe castor oil market report, along with forecasts at the regional and country 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 Country:

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
     

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 US$ Million, '000 Tons
Segment Coverage End Use, Country
Countries Covered Germany, France, United Kingdom, Italy, Spain, Others
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 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?

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Europe Castor Oil Market Report by End Use (Pharmaceuticals, Lubricants, Paints, Soaps, and Others), and Country 2024-2032
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