The India castor oil market is currently witnessing moderate growth. 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. On account of these factors, the market is expected to continue its moderate growth during the forecast period (2020-2025).
IMARC Group provides an analysis of the key trends in each sub-segment of the india castor oil market report, along with forecasts for growth at the region level from 2020-2025. Our report has categorized the market based on region and 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.
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