Castor Wax Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

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Castor Wax Market Research Report Global
Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Castor Wax Market - 2023
Global Castor Wax Market Information by
Applications (Personal Care, Healthcare,
Lubricants, Grease, Wood Polishing, Automotive
polishing, and others), by End-Use Industries
(Cosmetics Personal Care Industry, Paints
Coatings Industry, Pharmaceuticals, Automotive
Industry, Textile Industry, Leather Industry,
Paper Industry, and others), and by Region-
Forecast till 2023 Market Scenario Waxes are an
organic compounds that are hydrophobic and
malleable solids at ambient temperature. It
includes higher alkanes and lipids. Castor wax
(CAS No. 8001-78-3) is a vegetable wax produced
through the hydrogenation of pure castor oil in
the presence of a metal catalyst. Caster wax is
also known as hydrogenated castor oil. It is a
white colored, odorless, hard and brittle
substance. They are available in the form flakes
for various industrial purposes. Its melting
point is around 80 -850C. Applications of castor
wax range from personal care to industrial molds
making. In cosmetics, they are used as a
thickening agents in lotions and creams. Their
characteristic features like emulsifier,
plasticizer, dispersing agent, make them the most
preferred ingredient in cosmetics the personal
care industry and paints industry as well. They
can be found as a major constituents in lip
balms, body lotions and soaps, hair cream and
gels, eye liners and in various makeup kits.
Industrial applications include polished
coatings, lubricants, grease, and heat sealing
adhesives. Some other applications of castor wax
include paints coatings, stick products,
deodorants, wax paper, coating paper, wood
polishing, automotive polishing, waterproofing of
leather fabrics. Owing to the availability of
various sectors where castor wax finds its
applications, it is compatible with most of the
animal, vegetable and mineral waxes, along with
the synthetic resins. Over the years the demand
for castor wax has seen upward trend. The
understanding of the masses about the vast ever
increasing use of castor wax is still growing
which can help to increase its demand in coming
years. The present scenario of green chemistry
and eco-friendliness around the world would
benefit the market of castor wax from growing
further.
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Castor Wax Market - 2023
Regional Analysis Asia Pacific is both the
leading producer consumer of castor wax in the
world. The region accounted for largest market
share of more than 50 of global market share as
of 2016. It is anticipated that throughout the
forecast period the region would dominate the
demand for castor wax. The large installed
capacity for castor oil and wax production in
India and China would propel the growth in
regional and global market. In addition to that,
huge production of caster seed and oil would help
meet the global demand of raw material for castor
wax production. Increasing demand of castor wax
for manufacturing grease and lubricants on a
large scale in the region is driving the overall
demand forward at present. Followed by Asia
Pacific, Western Europe is the second largest
market for castor wax. UK is driver of growth in
the region owing to the increase in demand from
end use industries namely cosmetics and personal
care, pharmaceuticals, etc. Latin America stands
third in the global market. Brazil accounts for
more than 75 of markets share in the region.
North America comes forth in terms of global
market share of castor wax, wherein US is holding
largest share in the regional market. Other
regions namely Middle East, Africa, and Eastern
Europe are expected to see the rise in their
market size with ongoing global trends such as
green chemistry, climate change sustainability
movement. Segmentation The global castor wax
market is segmented on the basis of applications,
end use industries, and regions. Based on the
applications global market is segmented into
personal care, healthcare, lubricant, grease,
polishing agent, and other. In which personal
care and lubricants swiftly acquiring the large
market share. Market divided on the basis of end
use industry includes cosmetics and personal care
industry, paints and coatings industry,
pharmaceuticals industry, automotive industry,
textile industry, leather industry, paper
industry, and others. Among them cosmetics and
personal along with pharmaceuticals industries
are estimated to lead the market during forecast
period. At the end, geographically the global
market has been segmented into Asia pacific,
Europe, Latin America, North America, and others.
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Castor Wax Market - 2023
Key Players Key players in the global castor
wax market are Jayant Agro-Organics limited
(India), Gokul Refoils and solvent limited
(India), Adya oils and chemicals limited (India),
Liaoyang Huaxing Chemical group corp. (China),
Hokoku Corporation (China), BOM Brasil Oleo De
Mamona Ltda. (Brazil), Enovel (Brazil), and Frank
B. Ross Co. Inc. (US) Intended Audience Castor
wax manufacturers Traders and distributors of
Castor wax Castor oil suppliers Research
Development Institutes International forums
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