Castor oil is increasingly used by the consumer segment due to multiple health benefits associated with traditional medicine and modern medicine. Although, the application of castor oil is not limited only to such uses as it finds its way across various end-user applications such as fuel and biodiesel, polymer materials, soaps, fertilizers, coatings, and lubricants. A vast majority of castor oil is both produced and consumed in the APAC region with China and India being the two biggest producers. The production of such oil is highly dependent on climatic conditions and harvesting processes. Additionally, countries such as Brazil and South Africa are looking to implement an alternate breeding program for the commercial production of castor. The increasing scope for the usage of castor oil and its derivatives across multiple industrial applications is driving the growth of this market.
Adani Wilmar Limited
Adani Wilmar is an Indian multinational company headquartered in Ahmedabad, India, generating revenues over US$5 billion. It diversifies its business across resource, logistics, agriculture, and energy sectors. It also boasts an extensive portfolio of brands in consumer essential edible oils segment. It is the industry leader in the castor oil market.
Jayant Agro-Organics Ltd
Jayant Agro-Organics Ltd is a global oleochemical company incorporated in 1992 and is one of the market leaders in castor-based specialty chemicals. It has partnered with high-profile companies like Itoh Chemicals Co. Ltd., SI Group, Mitsui Chemicals, and Arkema Group. The company substantially promotes renewable and eco-friendly energy sources.
Itoh Oil Chemicals Co. Ltd.
Itoh Oil Chemicals Co. Ltd. offers refined castor oil and its derivatives such as castor oil fatty acid and ricinoleic acid, hydrogenated castor oil, polymerized and dehydrated castor oil, blown castor oil, and ester wax. Apart from this, the company also offers specialty chemicals such as lubricant and processing oil materials, additives for coatings, printing inks, polyurethane resins, and adhesives.
Thai Castor Oil Industries Co. Ltd.
Thai Castor Oil Industries Co. Ltd. is one of the oldest company producing castor oil with a plant capacity to crush 40,000 tons of castor seeds every year. The company was formed as a collaboration between a leading Thai castor seed exporter and oldest castor seed crusher in Europe, Alberdingk Boley GmbH in 1977.
A.Azevedo Indústria e Comércio de Óleos Ltda.
Founded in 1965, A.Azevedo Indústria e Comércio de Óleos Ltda. Specializes its business in manufacturing soybean oil, cake, meal, and soybean protein isolates and concentrates. With its comprehensive portfolio of products, it is one of the most competitive market contenders in the castor oil market.
Read more about the top suppliers in the castor oil market along with supply market landscape, pricing, and procurement insights in SpendEdge’s upcoming report on the global castor oil market.