세계의 피마자유 유도체 시장 규모, 점유율, 동향, 업계 분석 : 제품별, 용도별, 지역별 - 시장 예측(2025-2034년)

The global castor oil derivatives market size is expected to reach USD 2,505.08 million by 2034, according to a new study by Polaris Market Research. The report "Castor Oil Derivatives Market Size, Share, Trends, Industry Analysis Report: By Product, Application (Lubricants, Surface Coatings, Biodiesel, Cosmetics and Pharmaceuticals, Plastics and Resins, and Others), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

The castor oil derivatives market has seen substantial growth in recent years, driven by the increasing demand for bio-based alternatives and eco-friendly solutions across various industries. Sourced from the castor bean plant, these derivatives are used in a wide range of applications, including lubricants, plastics, pharmaceuticals, cosmetics, and biofuels. The growing emphasis on sustainability, coupled with the need for renewable raw materials, is significantly contributing to the castor oil derivatives market expansion. Castor oil derivatives have become essential in reducing dependence on fossil fuels and minimizing environmental impact as industries continue to seek alternatives to petroleum-based products.

The castor oil derivatives market demand is being driven by their increasing use in bio-lubricants, biodegradable plastics, and paints and coatings, all of which are experiencing a push toward green chemistry. Additionally, the pharmaceutical industry is utilizing castor oil derivatives for drug delivery systems and excipients, fueling market growth. The biodiesel industry is also gaining traction, as castor oil-based biofuels are emerging as a promising alternative to traditional fuels.

Current castor oil derivatives market trends indicate a rising focus on innovation and product diversification. Companies are investing in research and development to enhance the properties of castor oil derivatives, aiming to create more versatile solutions for a variety of applications. The increasing shift toward environmentally friendly processes is shaping market dynamics, creating a favorable environment for continued growth and market expansion.

Castor Oil Derivatives Market Report Highlights

In terms of product, the sebacic acid segment accounted for the largest market share in 2024 due to its extensive use in biodegradable plastics, lubricants, and polyamides, making it a key component in eco-friendly industrial applications.

Based on application, the cosmetics and pharmaceuticals segment is expected to witness the highest CAGR during the forecast period due to the rising demand for natural, bio-based ingredients in skincare, hair care, and pharmaceutical formulations.

In 2024, Asia Pacific accounted for the largest share of the castor oil derivatives market due to its dominant position in castor oil production, raw material availability, and cost-effective manufacturing in countries like India.

Europe is expected to witness the fastest growth during the forecast period due to strict environmental regulations, the increasing shift toward sustainable and bio-based solutions, and a growing demand for eco-friendly personal care and industrial products.

Some of the global key market players are Adani Wilmar Ltd.; Arkema, BASF SE, BOM Brasil Oleo de Mamona Ltda; Girnar Industries; Gokul Agri International Ltd.; Hokoku Corporation; ITOH Oil Chemicals Co., Ltd.; Jayant Agro Organics Limited; Kanak Castor Products Pvt., Ltd.; Kokura Gosei Kogyo Ltd.; Liaoyang Huaxing Chemical Co., Ltd.; N.K. Proteins Pvt., Limited; RPK Agrotech; Taj Agro Products Limited; Thai Castor Oil Industries Co., Ltd.; Tongliao Tonghua Castor Chemical Co., Ltd.; Vertellus; and Xingtai Lantian Fine Chemical Co., Ltd.

Polaris Market Research has segmented the castor oil derivatives market report on the basis of product, application, and region:

By Product Outlook (Volume, Kilotons; Revenue, USD Million; 2020-2034)

• Sebacic Acid
• 12-Hydroxy stearic acid (12-HAS)
• Ricinoleic Acid
• Hydrogenated Castor Oil
• Undecylenic Acid
• Dehydrated Castor Oil
• Others

By Application Outlook (Volume, Kilotons; Revenue, USD Million; 2020-2034)

• Lubricants
• Surface Coatings
• Biodiesel
• Cosmetics and Pharmaceuticals
• Plastics and Resins
• Others

By Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2020-2034)

• North America
• US
• Canada
• Europe
• Germany
• France
• UK
• Italy
• Spain
• Netherlands
• Russia
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Malaysia
• South Korea
• Indonesia
• Australia
• Vietnam
• Rest of Asia Pacific
• Middle East & Africa
• Saudi Arabia
• UAE
• Israel
• South Africa
• Rest of Middle East & Africa
• Latin America
• Mexico
• Brazil
• Argentina
• Rest of Latin America

Table of Contents

1. Introduction

• 1.1. Report Description
  • 1.1.1. Objectives of the Study
  • 1.1.2. Market Scope
  • 1.1.3. Assumptions
• 1.2. Stakeholders

2. Executive Summary

• 2.1. Market Highlights

3. Research Methodology

• 3.1. Overview
  • 3.1.1. Data Mining
• 3.2. Data Sources
  • 3.2.1. Primary Sources
  • 3.2.2. Secondary Sources

4. Global Castor Oil Derivatives Market Insights

• 4.1. Castor Oil Derivatives Market - Market Snapshot
• 4.2. Castor Oil Derivatives Market Dynamics
  • 4.2.1. Drivers and Opportunities
    • 4.2.1.1. Growing Biodiesel Industry
    • 4.2.1.2. Expanding Pharmaceutical & Cosmetic Applications
  • 4.2.2. Restraints and Challenges
    • 4.2.2.1. Price Volatility
• 4.3. Porter's Five Forces Analysis
  • 4.3.1. Bargaining Power of Suppliers (Moderate)
  • 4.3.2. Threats of New Entrants: (Low)
  • 4.3.3. Bargaining Power of Buyers (Moderate)
  • 4.3.4. Threat of Substitute (Moderate)
  • 4.3.5. Rivalry among existing firms (High)
• 4.4. PESTEL Analysis
• 4.5. Castor Oil Derivatives Market Application Trends
• 4.6. Value Chain Analysis

5. Global Castor Oil Derivatives Market, by Product

• 5.1. Key Findings
• 5.2. Introduction
  • 5.2.1. Global Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
• 5.3. Sebacic Acid
  • 5.3.1. Global Castor Oil Derivatives Market, by Sebacic Acid, by Region, 2020-2034 (Kilotons) (USD Million)
• 5.4. 12-Hydroxy stearic acid (12-HAS)
  • 5.4.1. Global Castor Oil Derivatives Market, by 12-Hydroxy stearic acid (12-HAS), by Region, 2020-2034 (Kilotons) (USD Million)
• 5.5. Ricinoleic Acid
  • 5.5.1. Global Castor Oil Derivatives Market, by Ricinoleic Acid, by Region, 2020-2034 (Kilotons) (USD Million)
• 5.6. Hydrogenated Castor Oil
  • 5.6.1. Global Castor Oil Derivatives Market, by Hydrogenated Castor Oil, by Region, 2020-2034 (Kilotons) (USD Million)
• 5.7. Undecylenic Acid
  • 5.7.1. Global Castor Oil Derivatives Market, by Undecylenic Acid, by Region, 2020-2034 (Kilotons) (USD Million)
• 5.8. Dehydrated Castor Oil
  • 5.8.1. Global Castor Oil Derivatives Market, by Dehydrated Castor Oil, by Region, 2020-2034 (Kilotons) (USD Million)
• 5.9. Others
  • 5.9.1. Global Castor Oil Derivatives Market, by Others, by Region, 2020-2034 (Kilotons) (USD Million)

6. Global Castor Oil Derivatives Market, by Application

• 6.1. Key Findings
• 6.2. Introduction
  • 6.2.1. Global Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
• 6.3. Lubricants
  • 6.3.1. Global Castor Oil Derivatives Market, by Lubricants, by Region, 2020-2034 (Kilotons) (USD Million)
• 6.4. Surface Coatings
  • 6.4.1. Global Castor Oil Derivatives Market, by Surface Coatings, by Region, 2020-2034 (Kilotons) (USD Million)
• 6.5. Biodiesel
  • 6.5.1. Global Castor Oil Derivatives Market, by Biodiesel, by Region, 2020-2034 (Kilotons) (USD Million)
• 6.6. Cosmetics and Pharmaceuticals
  • 6.6.1. Global Castor Oil Derivatives Market, by Cosmetics and Pharmaceuticals, by Region, 2020-2034 (Kilotons) (USD Million)
• 6.7. Plastics and Resins
  • 6.7.1. Global Castor Oil Derivatives Market, by Hospitals, by Region, 2020-2034 (Kilotons) (USD Million)
• 6.8. Others
  • 6.8.1. Global Castor Oil Derivatives Market, by Others, by Region, 2020-2034 (Kilotons) (USD Million)

7. Global Castor Oil Derivatives Market, by Geography

• 7.1. Key Findings
• 7.2. Introduction
  • 7.2.1. Castor Oil Derivatives Market Assessment, By Geography, 2020-2034 (Kilotons) (USD Million)
• 7.3. Castor Oil Derivatives Market - North America
  • 7.3.1. North America: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
  • 7.3.2. North America: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
  • 7.3.3. Castor Oil Derivatives Market - U.S.
    • 7.3.3.1. U.S.: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
    • 7.3.3.2. U.S.: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
  • 7.3.4. Castor Oil Derivatives Market - Canada
    • 7.3.4.1. Canada: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
    • 7.3.4.2. Canada: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
• 7.4. Castor Oil Derivatives Market - Europe
  • 7.4.1. Europe: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
  • 7.4.2. Europe: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
  • 7.4.3. Castor Oil Derivatives Market - UK
    • 7.4.3.1. UK: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
    • 7.4.3.2. UK: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
  • 7.4.4. Castor Oil Derivatives Market - France
    • 7.4.4.1. France: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
    • 7.4.4.2. France: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
  • 7.4.5. Castor Oil Derivatives Market - Germany
    • 7.4.5.1. Germany: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
    • 7.4.5.2. Germany: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
  • 7.4.6. Castor Oil Derivatives Market - Italy
    • 7.4.6.1. Italy: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
    • 7.4.6.2. Italy: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
  • 7.4.7. Castor Oil Derivatives Market - Spain
    • 7.4.7.1. Spain: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
    • 7.4.7.2. Spain: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
  • 7.4.8. Castor Oil Derivatives Market - Netherlands
    • 7.4.8.1. Netherlands: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
    • 7.4.8.2. Netherlands: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
  • 7.4.9. Castor Oil Derivatives Market - Russia
    • 7.4.9.1. Russia: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
    • 7.4.9.2. Russia: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
  • 7.4.10. Castor Oil Derivatives Market - Rest of Europe
    • 7.4.10.1. Rest of Europe: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
    • 7.4.10.2. Rest of Europe: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
• 7.5. Castor Oil Derivatives Market - Asia Pacific
  • 7.5.1. Asia Pacific: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
  • 7.5.2. Asia Pacific: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
  • 7.5.3. Castor Oil Derivatives Market - China
    • 7.5.3.1. China: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
    • 7.5.3.2. China: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
  • 7.5.4. Castor Oil Derivatives Market - India
    • 7.5.4.1. India: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
    • 7.5.4.2. India: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
  • 7.5.5. Castor Oil Derivatives Market - Malaysia
    • 7.5.5.1. Malaysia: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
    • 7.5.5.2. Malaysia: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
  • 7.5.6. Castor Oil Derivatives Market - Japan
    • 7.5.6.1. Japan: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
    • 7.5.6.2. Japan: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
  • 7.5.7. Castor Oil Derivatives Market - Indonesia
    • 7.5.7.1. Indonesia: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
    • 7.5.7.2. Indonesia: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
  • 7.5.8. Castor Oil Derivatives Market - South Korea
    • 7.5.8.1. South Korea: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
    • 7.5.8.2. South Korea: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
  • 7.5.9. Castor Oil Derivatives Market - Australia
    • 7.5.9.1. Australia: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
    • 7.5.9.2. Australia: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
  • 7.5.10. Castor Oil Derivatives Market - Rest of Asia Pacific
    • 7.5.10.1. Rest of Asia Pacific: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
    • 7.5.10.2. Rest of Asia Pacific: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
• 7.6. Castor Oil Derivatives Market - Middle East & Africa
  • 7.6.1. Middle East & Africa: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
  • 7.6.2. Middle East & Africa: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
  • 7.6.3. Castor Oil Derivatives Market - Saudi Arabia
    • 7.6.3.1. Saudi Arabia: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
    • 7.6.3.2. Saudi Arabia: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
  • 7.6.4. Castor Oil Derivatives Market - UAE
    • 7.6.4.1. UAE: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
    • 7.6.4.2. UAE: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
  • 7.6.5. Castor Oil Derivatives Market - Israel
    • 7.6.5.1. Israel: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
    • 7.6.5.2. Israel: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
  • 7.6.6. Castor Oil Derivatives Market - South Africa
    • 7.6.6.1. South Africa: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
    • 7.6.6.2. South Africa: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
  • 7.6.7. Castor Oil Derivatives Market - Rest of Middle East & Africa
    • 7.6.7.1. Rest of Middle East & Africa: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
    • 7.6.7.2. Rest of Middle East & Africa: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
• 7.7. Castor Oil Derivatives Market - Latin America
  • 7.7.1. Latin America: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
  • 7.7.2. Latin America: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
  • 7.7.3. Castor Oil Derivatives Market - Mexico
    • 7.7.3.1. Mexico: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
    • 7.7.3.2. Mexico: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
  • 7.7.4. Castor Oil Derivatives Market - Brazil
    • 7.7.4.1. Brazil: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
    • 7.7.4.2. Brazil: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
  • 7.7.5. Castor Oil Derivatives Market - Argentina
    • 7.7.5.1. Argentina: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
    • 7.7.5.2. Argentina: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)
  • 7.7.6. Castor Oil Derivatives Market - Rest of Latin America
    • 7.7.6.1. Rest of Latin America: Castor Oil Derivatives Market, by Product, 2020-2034 (Kilotons) (USD Million)
    • 7.7.6.2. Rest of Latin America: Castor Oil Derivatives Market, by Application, 2020-2034 (Kilotons) (USD Million)

8. Competitive Landscape

• 8.1. Expansion and Acquisition Analysis
  • 8.1.1. Expansion
  • 8.1.2. Acquisitions
• 8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles

• 9.1. Adani Wilmar Ltd.
  • 9.1.1. Company Overview
  • 9.1.2. Financial Performance
  • 9.1.3. Product Benchmarking
  • 9.1.4. Recent Development
• 9.2. Arkema
  • 9.2.1. Company Overview
  • 9.2.2. Financial Performance
  • 9.2.3. Product Benchmarking
  • 9.2.4. Recent Development
• 9.3. BASF SE
  • 9.3.1. Company Overview
  • 9.3.2. Financial Performance
  • 9.3.3. Product Benchmarking
  • 9.3.4. Recent Development
• 9.4. BOM Brasil Oleo de Mamona Ltda
  • 9.4.1. Company Overview
  • 9.4.2. Financial Performance
  • 9.4.3. Product Benchmarking
  • 9.4.4. Recent Development
• 9.5. Girnar Industries
  • 9.5.1. Company Overview
  • 9.5.2. Financial Performance
  • 9.5.3. Product Benchmarking
  • 9.5.4. Recent Development
• 9.6. Gokul Agri International Ltd.
  • 9.6.1. Company Overview
  • 9.6.2. Financial Performance
  • 9.6.3. Product Benchmarking
  • 9.6.4. Recent Development
• 9.7. Hokoku Corporation
  • 9.7.1. Company Overview
  • 9.7.2. Financial Performance
  • 9.7.3. Product Benchmarking
  • 9.7.4. Recent Development
• 9.8. ITOH Oil Chemicals Co., Ltd.
  • 9.8.1. Company Overview
  • 9.8.2. Financial Performance
  • 9.8.3. Product Benchmarking
  • 9.8.4. Recent Development
• 9.9. Jayant Agro Organics Limited
  • 9.9.1. Company Overview
  • 9.9.2. Financial Performance
  • 9.9.3. Product Benchmarking
  • 9.9.4. Recent Development
• 9.10. Kanak Castor Products Pvt., Ltd.
  • 9.10.1. Company Overview
  • 9.10.2. Financial Performance
  • 9.10.3. Product Benchmarking
  • 9.10.4. Recent Development
• 9.11. Kokura Gosei Kogyo Ltd.
  • 9.11.1. Company Overview
  • 9.11.2. Financial Performance
  • 9.11.3. Product Benchmarking
  • 9.11.4. Recent Development
• 9.12. Liaoyang Huaxing Chemical Co., Ltd.
  • 9.12.1. Company Overview
  • 9.12.2. Financial Performance
  • 9.12.3. Product Benchmarking
  • 9.12.4. Recent Development
• 9.13. N.K. Proteins Pvt., Limited
  • 9.13.1. Company Overview
  • 9.13.2. Financial Performance
  • 9.13.3. Product Benchmarking
  • 9.13.4. Recent Development
• 9.14. RPK Agrotech
  • 9.14.1. Company Overview
  • 9.14.2. Financial Performance
  • 9.14.3. Product Benchmarking
  • 9.14.4. Recent Development
• 9.15. Taj Agro Products Limited
  • 9.15.1. Company Overview
  • 9.15.2. Financial Performance
  • 9.15.3. Product Benchmarking
  • 9.15.4. Recent Development
• 9.16. Thai Castor Oil Industries Co., Ltd.
  • 9.16.1. Company Overview
  • 9.16.2. Financial Performance
  • 9.16.3. Product Benchmarking
  • 9.16.4. Recent Development
• 9.17. Tongliao Tonghua Castor Chemical Co., Ltd.
  • 9.17.1. Company Overview
  • 9.17.2. Financial Performance
  • 9.17.3. Product Benchmarking
  • 9.17.4. Recent Development
• 9.18. Vertellus
  • 9.18.1. Company Overview
  • 9.18.2. Financial Performance
  • 9.18.3. Product Benchmarking
  • 9.18.4. Recent Development
• 9.19. Xingtai Lantian Fine Chemical Co., Ltd.
  • 9.19.1. Company Overview
  • 9.19.2. Financial Performance
  • 9.19.3. Product Benchmarking
  • 9.19.4. Recent Development