Global Castor Oil Ethoxylate Market Split by type (PEG-n-CO and PEGn-HCO), Split by type application (dispersants, emulsifier, lubricants, solubilizers and others)
According to a new report published by Reports Monitor titled, “Castor Oil Ethoxylate Market by type, by application and by industry vertical: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the castor oil ethoxylate market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia-Pacific dominates the castor oil ethoxylate market, in terms of value, and is expected to maintain this trend throughout the forecast period.
Castor oil is the vegetable oil derived from seeds of castor plants, it contains high amount of oleic acid and ricinoleic acid.
Castor oil ethoxylate have features such as good formulation, low aquatic toxicity, high water solubility and excellent wetting ability are responsible for widely used industrial application.
Utility of castor oil ethoxylate in various field are major driving the growthof the market.
Easy availability of the raw material enhances the cultivation and production of the castor oil.
Growing adaptation of castor wax in cosmetics, lubrication, greases and coatings are fuels the castor oil ethoxylate.
Growing industries such as personal care, paints & coating industries and textile processing are increasing the demand of castor oil ethoxylate which drives the growth of the market.
• Pharmaceuticala and cosmetics are accounted for higher share in the castor oil ethoxylate market.
• Lubricants application is major contributor to the growth of this market as increasing demand from cosmetics & pharmaceutical industries is keep on growing.
• Asia-Pacific is accounted for dominating position in the castor oil ethoxylate market as countries such as India is major producer and exporter of the castor oil.
• Europe is growing at steady rate and anticipated to keep on growing.
The major companies profiled in the report include: BASF, EMCO DyestuffPvt Ltd., Handan Xindiya Chemicals Co., Ltd., HuntsmanCorporation, India Glycols Limited, Kao Chemicals, Redox Pty Ltd, Rimpro India, Silver Fern Chemical Inc. and Venus Ethoxyethers Pvt. Ltd.
Asia-Pacific is accounted for major contributor to this market due to growing pharmaceutical industries in this region helping market to grow at higher rate. Pharmaceutical and cosmetics industry are major driver to the market as adaptation of castor oil as a laxative is raising the growth.
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