Castor oil is a very resourceful vegetable oil extracted from the seeds of the castor plant. It originated in the tropical belt of India and Africa and is mainly cultivated in arid and semi-arid regions. Castor oil is quite unique with no synthetic substitute. It finds a wide array of applications in innumerable industries such as manufacturing of adhesives, brake fluids, caulks, dyes, electrical liquids, dielectrics, lubricating greases, machining oils, paints, pigments, polyurethane refrigeration lubricants, rubber sealants, textiles, washing powders and waxes. It has applications in a number of other industries as well, such as food, pharmaceuticals, cosmetics, defence and the electronics & telecommunications industry.

According to a recently published report by IMARC group titled “Castor Oil Market – Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue” the global production of castor oil reached volumes worth 0.75 million tons in 2015 with the market growing at a CAGR of 4.1% during 2008-2015. The market saw a decline in production levels in 2012 and 2013 due to a decline in castor seed production in India. However, the market recovered from 2013 and has since witnessed a continuous increase in the production levels of castor oil. Looking forward, the market is projected to grow at a CAGR of 4.5% during 2016-2021.

Browse full report on castor oil market with TOC: http://www.imarcgroup.com/castor-oil-manufacturing-plant

The report has segmented the market on the basis of regions. Currently, India represents the world’s largest producer of castor oil followed by China and Brazil. In terms of consumption, China represents the largest consumer of castor oil followed by Europe, India and the US. As India is the largest producer of both castor seeds and castor oil, the key players are concentrated in this region as well. At present, Adani Wilmar is the largest player in this market followed by Jayant Agro, Gokul Overseas and Kandla Agro & Chemicals.

This report covers all the requisite aspects of the castor oil industry. This ranges from macro overview of the market to micro details of the industry performance, processing & manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the castor oil industry in any manner.

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