Castor Oil-Based Biopolymer Market Size is valued at 1106.89 million in 2024 and is predicted to reach 4924.61 million by the year 2034 at a 16.2% CAGR during the forecast period for 2025-2034
Castor oil is utilized as a bio-based raw material for manufacturing biodiesel since it is non-edible and has a different chemical structure. Increased consumption of the product as biodiesel feedstock is expected to drive demand. Liquid biofuels are utilized as substitute fuels in many types of combustion engines that run on diesel, kerosene, and gasoline, as well as in passenger vehicles such as airplanes, ships, and trucks. Biodiesel, a liquid biofuel derived from animal fats or vegetable oils, is used in diesel engines or blended with diesel oil. The growing global awareness of biopolymers and severe government laws aimed at promoting a carbon-neutral economy will likely stimulate demand for sustainable biopolymer solutions.
India, Brazil, and China are the world's top producers of castor oil. The COVID-19 outbreak significantly harmed Castor oil production in these countries due to limited or no access to manufacturing facilities, limited feedstock, and a workforce. Supply chain disruptions and decreased output contributed to the export slump. According to The Solvent Extractors Association of India and worldwide industry experts, global demand and export of castor oil may plummet by 10-30% due to the pandemic.
The castor oil-based biopolymer market is segmented based on end-user, polymer type and foam. Based on end-user, the market is categorized as automotive, solar, household appliances, textile, oil and gas, and others. By polymer type, the market is segmented into bio-polyamides (Bio-Polyamide 6, Bio-Polyamide 10 and 11), bio-polyurethane, and others. The form segment includes pellets, yarns, and others.
The pellets category will hold a major share of the global castor oil-based biopolymer market in 2024. It is widely used in producing pellets due to its performance advantages, such as durability, hydrophobicity, flexibility, and low melting points. In contrast to crude oil, the product is heavily exploited as a raw resource for plastics manufacture. It is also utilized in the textile sector as an alternative to recycled plastics.
The bio-polyamide segment is projected to grow rapidly in the global castor oil-based biopolymer market. Polyamide resin, a castor oil-based resin, has exceptional features such as high-temperature performance, toughness, flexibility, rigidity, chemical resistance, strong adhesive, and formulation latitude. As a result, castor oil has become a key element in epoxy and polyamide resin formulas. Its modified resins are widely used in the paints and coatings industry.
Asia Pacific castor oil-based biopolymer market is expected to register the highest market share in revenue in the near future. The growth in consumption and production of the commodity is related to the increase in demand. Castor seeds are grown in India, Myanmar, Vietnam, Pakistan, Cambodia, Thailand, Bangladesh, the Philippines, Indonesia, Japan, China, and South Korea. Castor seeds were traditionally produced in the wilds of Asia Pacific, and many countries in the region have begun to make considerable efforts to grow castor seeds commercially in the last decade. Moreover, Europe is the world's second-largest user of castor oil, with considerable imports from India, Brazil, Malaysia, Mexico, and China. The leading importing countries were France, the Netherlands, Germany, Belgium, Italy, and the United Kingdom.
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Report Attribute |
Specifications |
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Market size value in 2024 |
USD 1106.89 Mn |
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Revenue forecast in 2034 |
USD 4924.61 Mn |
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Growth rate CAGR |
CAGR of 16.2% from 2025 to 2034 |
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Quantitative units |
Representation of revenue in US$ Million, Volume (KT), and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
End-User, Polymer Type And Foam |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; South Korea; Southeast Asia |
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Competitive Landscape |
Cargill Inc., BASF SE, Bio-Kleen Products, Inc., Balfour Beatty PLC, DuPont Industrial, Arkema, Evonik Industries AG, BASF SE, EMS-Chemie Holding AG, Solvay S.A., Toray Industries, Inc., UNITIKA LTD., RadiciGroup, Fulgar SpA, DSM, DuPont de Nemours, Inc., Mitsui Chemicals Inc., Nexis Fibers, VAUDE Sport GmbH & Co. KG, EOS GmbH, AWAKE CONCEPT, NEUBAU EYEWEAR gmbh, Lanxess AG, BIO-FED, and Asahi Kasei Corporation. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Castor Oil-based Biopolymer Market Snapshot
Chapter 4. Global Castor Oil-based Biopolymer Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Polymer Type Estimates & Trend Analysis
5.1. by Polymer Type & Market Share, 2024 & 2034
5.2. Market Size (Value (US$ Mn) & Volume (KT)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Polymer Type:
5.2.1. Bio-Polyamides
5.2.1.1. Bio-Polyamide 6
5.2.1.2. Bio-Polyamide 10 and 11
5.2.2. Bio-Polyurethane
5.2.3. Others
Chapter 6. Market Segmentation 2: by Form Estimates & Trend Analysis
6.1. by Form & Market Share, 2024 & 2034
6.2. Market Size (Value (US$ Mn) & Volume (KT)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Form:
6.2.1. Pellets
6.2.2. Yarns
6.2.3. Others
Chapter 7. Market Segmentation 3: by End-user Estimates & Trend Analysis
7.1. by End-user & Market Share, 2024 & 2034
7.2. Market Size (Value (US$ Mn) & Volume (KT)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by End-user:
7.2.1. Automotive
7.2.2. Solar
7.2.3. Household Appliances
7.2.4. Textile
7.2.5. Oil and Gas
7.2.6. Others
Chapter 8. Castor Oil-based Biopolymer Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America Castor Oil-based Biopolymer Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Polymer Type, 2021-2034
8.1.2. North America Castor Oil-based Biopolymer Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Form, 2021-2034
8.1.3. North America Castor Oil-based Biopolymer Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by End-user, 2021-2034
8.1.4. North America Castor Oil-based Biopolymer Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2021-2034
8.2. Europe
8.2.1. Europe Castor Oil-based Biopolymer Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Polymer Type, 2021-2034
8.2.2. Europe Castor Oil-based Biopolymer Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Form, 2021-2034
8.2.3. Europe Castor Oil-based Biopolymer Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by End-user, 2021-2034
8.2.4. Europe Castor Oil-based Biopolymer Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2021-2034
8.3. Asia Pacific
8.3.1. Asia Pacific Castor Oil-based Biopolymer Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Polymer Type, 2021-2034
8.3.2. Asia Pacific Castor Oil-based Biopolymer Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Form, 2021-2034
8.3.3. Asia-Pacific Castor Oil-based Biopolymer Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by End-user, 2021-2034
8.3.4. Asia Pacific Castor Oil-based Biopolymer Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2021-2034
8.4. Latin America
8.4.1. Latin America Castor Oil-based Biopolymer Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Polymer Type, 2021-2034
8.4.2. Latin America Castor Oil-based Biopolymer Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Form, 2021-2034
8.4.3. Latin America Castor Oil-based Biopolymer Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by End-user, 2021-2034
8.4.4. Latin America Castor Oil-based Biopolymer Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2021-2034
8.5. Middle East & Africa
8.5.1. Middle East & Africa Castor Oil-based Biopolymer Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Polymer Type, 2021-2034
8.5.2. Middle East & Africa Castor Oil-based Biopolymer Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Form, 2021-2034
8.5.3. Middle East & Africa Castor Oil-based Biopolymer Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by End-user, 2021-2034
8.5.4. Middle East & Africa Castor Oil-based Biopolymer Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2021-2034
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. Arkema
9.2.2. Evonik Industries AG
9.2.3. BASF SE
9.2.4. EMS-Chemie Holding AG
9.2.5. Solvay S.A.
9.2.6. Toray Industries, Inc.
9.2.7. UNITIKA LTD.
9.2.8. RadiciGroup
9.2.9. Fulgar SpA
9.2.10. DSM
9.2.11. DuPont de Nemours, Inc.
9.2.12. Mitsui Chemicals Inc.
9.2.13. Nexis Fibers
9.2.14. VAUDE Sport GmbH & Co. KG
9.2.15. EOS GmbH
9.2.16. AWAKE CONCEPT
9.2.17. NEUBAU EYEWEAR gmbh
9.2.18. Lanxess AG
9.2.19. BIO-FED
9.2.20. Asahi Kasei Corporation
9.2.21. Other Prominent Players
Castor Oil-Based Biopolymer Market By End-User-
Castor Oil-Based Biopolymer Market By Polymer Type-
Castor Oil-Based Biopolymer Market By Form-
Castor Oil-Based Biopolymer Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
