Global Castor Oil and Derivatives Market Analysis, Market Growth, Trends and Segment Forecasts, 2012 to 2020
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Hexa Research Inc.
Industry Research,Custom Research & Consulting
Global Castor Oil And Derivatives Market Analysis, Market
Growth, Trends and Segment Forecasts, 2012 To 2020
Industry Insights
Castor oil and derivatives market has been growing at a good pace over the past few years on account of
growing demand for bio-degradable products. Increasing environmental concerns is the key factor
expected to boost the market over the foreseeable period. Stringent regulation from government
boards including EPA and PNGRB to limit the usage of traditional petrochemicals resulted in shift in
focus towards castor oil and its derivatives.
This shift in focus is likely to create an opportunity for the market players. Volatile price of
petrochemical is the other key factor which is expected to surge the demand for bio-degradable
products over the foreseeable period. Bio-degradable products demand is presume to drive castor oil
and derivatives market growth over the next six years.
Browse Detail Report With TOC @
http://www.hexaresearch.com/research-report/castor-oil-and-derivatives-industry/
Global castor oil market is also expected to witness strong growth on account of increasing demand
from automotive sector across the globe. Increasing application scope of castor oil and derivatives in
major end-use industries including pharmaceuticals, cosmetics & personal care and plastics & resins is
Hexa Research Inc.
Industry Research,Custom Research & Consulting
expected to fuel the market growth over the forecast period. However, increasing prices of raw
materials including castor seeds coupled with low prices of other renewable chemicals is anticipated to
impact the market negatively over the forecast period.
Product Insights
Sebabic acid is the major product segment of castor oil & derivatives followed by caster wax and
dehydrated castor oil. Sebabic acid has found large number of applications in major industries, which is
expected to drive the...
Industry Research,Custom Research & Consulting
Global Castor Oil And Derivatives Market Analysis, Market
Growth, Trends and Segment Forecasts, 2012 To 2020
Industry Insights
Castor oil and derivatives market has been growing at a good pace over the past few years on account of
growing demand for bio-degradable products. Increasing environmental concerns is the key factor
expected to boost the market over the foreseeable period. Stringent regulation from government
boards including EPA and PNGRB to limit the usage of traditional petrochemicals resulted in shift in
focus towards castor oil and its derivatives.
This shift in focus is likely to create an opportunity for the market players. Volatile price of
petrochemical is the other key factor which is expected to surge the demand for bio-degradable
products over the foreseeable period. Bio-degradable products demand is presume to drive castor oil
and derivatives market growth over the next six years.
Browse Detail Report With TOC @
http://www.hexaresearch.com/research-report/castor-oil-and-derivatives-industry/
Global castor oil market is also expected to witness strong growth on account of increasing demand
from automotive sector across the globe. Increasing application scope of castor oil and derivatives in
major end-use industries including pharmaceuticals, cosmetics & personal care and plastics & resins is
Hexa Research Inc.
Industry Research,Custom Research & Consulting
expected to fuel the market growth over the forecast period. However, increasing prices of raw
materials including castor seeds coupled with low prices of other renewable chemicals is anticipated to
impact the market negatively over the forecast period.
Product Insights
Sebabic acid is the major product segment of castor oil & derivatives followed by caster wax and
dehydrated castor oil. Sebabic acid has found large number of applications in major industries, which is
expected to drive the...