According to the latest report by IMARC Group, titled “Europe Castor Oil Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market reached a volume of 171.5 Kilo Tons in 2020. Castor oil is a pale yellow, multipurpose, viscous fatty oil that is extracted from the castor beans, which is native to the Asian and Ethiopian region of tropical Africa. It includes moisturizing, hydrating, anti-inflammatory, and antimicrobial properties, which in turn, assist in removing blackheads, keeping skin hydrated, and enhancing skin smoothness. On account of these properties, it is extensively deployed as a key ingredient in soaps, shampoos, and other personal care products.
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The Europe castor oil market is primarily being driven by the significant expansion in the manufacturing industry. This, along with the widespread adoption of castor oil as a renewable alternative to petroleum-based chemicals in various pharmaceutical products, paints, inks, and lubricants is contributing to the market growth significantly. In line with this, the extensive utilization of castor oil in the food and beverage (F&B) sector as mold inhibitors and flavoring agents in the ice creams and chocolates is also propelling the market growth. Apart from this, castor oil is cost-effective and possesses a distinctive chemical structure due to which, it is used in machining oils, refrigeration lubricants, and adhesives. This, in turn, is creating a positive outlook for the market across the region. Looking forward, IMARC Group expects the market to exhibit stable growth during 2021-2026.
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Competitive Landscape with Key Players:
The competitive landscape of the europe castor oil market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Highlights of the Market Segmentation:
Breakup by End Use:
- Pharmaceuticals
- Lubricants
- Paints
- Soaps
- Others
Breakup by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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