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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.
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:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2020|
|Segment Coverage||End Use, Region|
|Region Covered||North India, West and Central India, South India, East India|
|Customization Scope||10% Free Customization|
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|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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