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Latest Chemical News
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Castor Oil Derivatives Market Research Report Detailed Analysis by 2027 {{ currentPage ? currentPage.title : "" }}

The global castor oil derivatives market size is expected to reach USD 1,429.7 million by 2027, exhibiting a CAGR of 4.3% during the forecast period. The growing demand for organic cosmetics products will create lucrative business opportunities for the market, states Fortune Business Insights, in a report, The market size stood at USD 1,035.4 million in 2019.

Information source:

https://www.fortunebusinessinsights.com/industry-reports/castor-oil-derivatives-market-100537

Market Driver:

Growing Application of Oil Derivatives to Incite Development

The growing knowledge about the numerous advantages of castor oil and its derivatives compared to other traditional oil will have a tremendous impact on the market during the forecast period. The shift from oils derived from cotton, coconut, soy, corn, rapeseed to castor oil derivatives owing to its natural and versatile physicochemical properties will foster healthy growth of the market.

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