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India Castor Oil Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The India castor oil market reached a volume of 99.01 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 a multi-purpose vegetable oil extracted from the seeds of the Ricinus Communis plant. It has a high ricinoleic acid content and offers excellent lubricating properties. Consequently, it is used in the production of wax, dyes, inks, soaps, caulks, paints, textiles, polishes, flypapers, adhesives, pigments, surfactants, brake fluids, machining oils, electrical liquids, washing powders and lubricating greases in India.

Castor oil has anti-bacterial and anti-inflammatory properties and provides various therapeutic benefits. As a result, it finds applications in several industries, including pharmaceuticals and cosmetics. Moreover, on account of its distinctive chemical structure, castor oil is used as a key raw material in the manufacturing of various end products, such as biodiesel, machining oils, polyurethane adhesives and refrigeration lubricants. This represents another growth-inducing factor contributing to the market growth. However, the outbreak of the coronavirus disease (COVID-19) has negatively impacted the market due to the imposition of lockdowns and temporary closure of the manufacturing units in several states. The market is anticipated to experience growth once governing authorities provide lockdown relaxations. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India castor oil market, along with forecasts at the country and regional level from 2021-2026. Our report has categorized the market based on end use.

Breakup by End Use:

  • Pharmaceuticals
  • Lubricants
  • Paints
  • Soaps
  • Others
     

Breakup by Region:

  • North India
  • West and Central India
  • South India
  • East India
     

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 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Million
Segment Coverage End Use, Region
Region Covered  North India, West and Central India, South India, East India
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 1999
Five User License: US$ 2999
Corporate License: US$ 3999
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 India 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 India 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 India castor oil market and who are the key players?
  • What is the degree of competition in the industry?

1   Preface
2   Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   India Castor Oil Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by End Use
    6.1    Pharmaceuticals
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Lubricants
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Paints
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Soaps
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Others
        6.5.1 Market Trends
        6.5.2 Market Forecast
 7  Market Breakup by Region
    7.1    North India
        7.1.1 Market Trends
        7.1.2 Market Breakup by State
        7.1.3 Market Forecast
    7.2    West and Central India
        7.2.1 Market Trends
        7.2.2 Market Breakup by State
        7.2.3 Market Forecast
    7.3    South India
        7.3.1 Market Trends
        7.3.2 Market Breakup by State
        7.3.3 Market Forecast
    7.4    East India 
        7.4.1 Market Trends
        7.4.2 Market Breakup by State
        7.4.3 Market Forecast
8   SWOT Analysis
    8.1    Overview
    8.2    Strengths
    8.3    Weaknesses
    8.4    Opportunities
    8.5    Threats
9   Value Chain Analysis
10  Porters Five Forces Analysis

    10.1    Overview
    10.2    Bargaining Power of Buyers
    10.3    Bargaining Power of Suppliers
    10.4    Degree of Competition
    10.5    Threat of New Entrants
    10.6    Threat of Substitutes
11  Price Analysis
12  Policy and Regulatory Landscape
13  Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players

List of Figures

Figure 1: India: Castor Oil Market: Major Drivers and Challenges
Figure 2: India: Castor Oil Market: Sales Value (in Million US$), 2015-2020
Figure 3: India: Castor Oil Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: India: Castor Oil Market: Breakup by End Use (in %), 2020
Figure 5: India: Castor Oil Market: Breakup by Region (in %), 2020
Figure 6: India: Castor Oil (Pharmaceuticals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 7: India: Castor Oil (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 8: India: Castor Oil (Lubricants) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: India: Castor Oil (Lubricants) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: India: Castor Oil (Paints) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: India: Castor Oil (Paints) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: India: Castor Oil (Soaps) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: India: Castor Oil (Soaps) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: India: Castor Oil (Other End Uses) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: India: Castor Oil (Other End Uses) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: North India: Castor Oil Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: North India: Castor Oil Market: Breakup by State (in %), 2020
Figure 18: North India: Castor Oil Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: West and Central India: Castor Oil Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: West and Central India: Castor Oil Market: Breakup by State (in %), 2020
Figure 21: West and Central India: Castor Oil Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: South India: Castor Oil Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: South India: Castor Oil Market: Breakup by State (in %), 2020
Figure 24: South India: Castor Oil Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: East India: Castor Oil Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: East India: Castor Oil Market: Breakup by State (in %), 2020
Figure 27: East India: Castor Oil Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: India: Castor Oil Industry: SWOT Analysis
Figure 29: India: Castor Oil Industry: Value Chain Analysis
Figure 30: India: Castor Oil Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: India: Castor Oil Market: Key Industry Highlights, 2020 and 2026
Table 2: India: Castor Oil Market Forecast: Breakup by End Use (in Million US$), 2021-2026
Table 3: India: Castor Oil Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 4: India: Castor Oil Market: Competitive Structure
Table 5: India: Castor Oil Market: Key Players

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