The North America castor oil market reached a volume of 60,388 Tons in 2019. Castor oil refers to a thick, pale-yellow colored vegetable oil which is extracted from castor beans that are grown in arid/semi-arid regions. As compared to other vegetable oils, castor oil exhibits high hydroxyl value and is available for consumption in both crude and refined hydrogenated forms. Owing to numerous benefits, it is utilized in the production of pharmaceuticals, soaps, surface coatings, cosmetics, perfumes and toiletries.
One of the primary factors that are impelling the growth of the market in North America is therapeutic benefits provided by the castor oil. It offers antibacterial and anti-inflammatory properties that aid in relieving sore muscles, arthritic joints and nerve inflammations. Apart from this, aging population, rising healthcare expenditures and increasing focus on healthy and active lifestyles are also boosting the sales of castor oil in the region. Further, the demand for castor oil is rising as it plays a pivotal role in the production of biodiesel, which eliminates the usage of petrochemicals in the region. Looking forward, IMARC Group expects the market to reach a volume of 69,622 Tons by 2025, registering a CAGR of 2.4% during 2020-2025.
Report Scope:
- North America Castor Oil Market
- Key Regions Analyzed
- Analysis for Each Country
- Market by End-Use
- Pharmaceuticals
- Lubricants
- Paints
- Soaps
- Others
- Value Chain Analysis
- Key Drivers and Challenges
- Porters Five Forces Analysis
- PESTEL Analysis
- Government Regulations
- Competitive Landscape
- Competitive Structure
- Key Player Profiles
Key Questions Answered in This Report:
- How has the North America castor oil market performed so far and how will it perform in the coming years?
- What are the key regions in the North America castor oil market?
- What is the breakup of the North America castor oil market on the basis of end-use?
- What are the various stages in the value chain of the North America castor oil industry?
- What are the key driving factors and challenges in the North America castor oil industry?
- What is the structure of the North America castor oil industry and who are the key players?
- What is the degree of competition in the North America castor oil industry?
- What are the profit margins in the North America castor oil industry?
Report Coverage:
- Base Year Considered: 2019
- Historical Data Coverage: 2014-2019
- Market Forecast: 2020-2025
- Currency: US$
- Geography Covered: North America, United States and Canada
- Segments Covered: End-Use
IMARC Group’s latest report provides a deep insight into the North America castor oil market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America castor oil market in any manner.
Report Customization: Although IMARC has tried to cover everything in the North America castor oil market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20-man hours of free customization for each report.
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 Global Castor Oil Market
5.1 Market Performance
5.2 Market Breakup by End-Use
5.3 Market Breakup by Region
5.4 Market Forecast
6 North America Castor Oil Market
6.1 Market Performance
6.2 Market Forecast
7 North America Castor Oil Market: Breakup by End-Use
7.1 Pharmaceuticals
7.2 Lubricants
7.3 Paints
7.4 Soaps
7.5 Others
8 North America Castor Oil Market: Breakup by Country
8.1 United States
8.1.1 Historical market Trends
8.1.2 Market Breakup by End-Use
8.1.3 Market Forecast
8.2 Canada
8.2.1 Historical market Trends
8.2.2 Market Breakup by End-Use
8.2.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porter’s Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Rivalry
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
List of Figures
Figure 1: Global: Castor Oil Market: Production Volume Trends (in ‘000 Tons), 2014-2019
Figure 2: Global: Castor Oil Market: Breakup by End-Use (in %), 2019
Figure 3: Global: Castor Oil Market: Breakup by Region (in %), 2019
Figure 4: Global: Castor Oil Market Forecast: Production Volume Trends (in ‘000 Tons), 2020-2025
Figure 5: North America: Castor Oil Market: Production Volume Trends (in ‘000 Tons), 2014-2019
Figure 6: North America: Castor Oil Market Forecast: Production Volume Trends (in ‘000 Tons), 2020-2025
Figure 7: North America: Castor Oil Industry: SWOT Analysis
Figure 8: North America: Castor Oil Industry: Value Chain Analysis
Figure 9: North America: Castor Oil Industry: Porter’s Five Forces Analysis
Figure 10: North America: Castor Oil Market: Breakup by End-Use (in %), 2019
Figure 11: North America Castor Oil Market: End-Use in Pharmaceuticals (in ‘000 Tons), 2014 & 2019
Figure 12: North America Castor Oil Market Forecast: End-Use in Pharmaceuticals (in ‘000 Tons), 2020-2025
Figure 13: North America Castor Oil Market: End-Use in Lubricants (in ‘000 Tons), 2014 & 2019
Figure 14: North America Castor Oil Market Forecast: End-Use in Lubricants (in ‘000 Tons), 2020-2025
Figure 15: North America Castor Oil Market: End-Use in Paints (in ‘000 Tons), 2014 & 2019
Figure 16: North America Castor Oil Market Forecast: End-Use in Paints (in ‘000 Tons), 2020-2025
Figure 17: North America Castor Oil Market: End-Use in Soaps (in ‘000 Tons), 2014 & 2019
Figure 18: North America Castor Oil Market Forecast: End-Use in Soaps (in ‘000 Tons), 2020-2025
Figure 19: North America Castor Oil Market: Other End-Uses (in ‘000 Tons), 2014 & 2019
Figure 20: North America Castor Oil Market Forecast: Other End-Uses (in ‘000 Tons), 2020-2025
Figure 21: United States: Castor Oil Market: Production Volume Trends (in ‘000 Tons), 2014-2019
Figure 22: United States: Castor Oil Market: Breakup by End-Use (in %), 2019
Figure 23: United States: Castor Oil Market Forecast: Production Volume Trends (in ‘000 Tons), 2020-2025
Figure 24: Canada: Castor Oil Market: Production Volume Trends (in ‘000 Tons), 2014-2019
Figure 25: Canada: Castor Oil Market: Breakup by End-Use (in %), 2019
Figure 26: Canada: Castor Oil Market Forecast: Production Volume Trends (in ‘000 Tons), 2020-2025
List of Tables
Table 1: North America: Castor Oil Market: Key Industry Highlights, 2019 and 2025
Table 2: North America: Castor Oil Market Forecast: Breakup by End-Use (in ‘000 Tons), 2020-2025
Table 3: North America: Castor Oil Market Forecast: Breakup by Region (in ‘000 Tons), 2020-2025
Table 4: North America: Castor Oil Market: Competitive Structure
Table 5: North America: Castor Oil Market: Key Players