Castor Oil-Based Biopolymer Market {2025} Growth, Trends, Share, Forecast

Summary

Report Description

Global Castor Oil-Based Biopolymer market is anticipated to grow significantly through 2028 due to growing demand from the automotive industry. In 2018, consumer goods accounted for a 28% share of the total global demand for bio-based polymers.

Additionally, the growing trend to minimize non-degradable polymer usage and adopt sustainable alternative solutions in the different sectors is further expected to drive market growth. Castor Oil-Based Biopolymer is a degradable, lightweight, chemical, and abrasion resistance material. As bio-polymer are used in the manufacturing of automobile parts both for the interior area like dashboard, mats as well as for the exterior area of the automobile to provide shiny finish. Therefore, increasing production and sales of premium automobiles result in the growth of market during the forecast period.

Furthermore, the increasing demand from the textile industry, oil & gas sector, household applications, and others are the crucial factors that propel the market’s growth. Various companies and research organizations operating in the market also focus on developing such eco-friendly products. This, in turn, is expected to create huge prospects for market growth in the coming years.

Rising demand from the Automotive Industry

Demand for environment friendly biopolymer products is anticipated to rise due to increased public awareness worldwide and strict government restrictions aimed at promoting a carbon-neutral economy. Moreover, the expansion of market innovations is anticipated to be aided by expanding R&D efforts and rising spending. As of the rising demand for lightweight materials in the automotive sector, castor oil-based biopolymers are in big demand since they give vehicles durability and luminosity. Automobile manufacturers are adopting strategies and spending money on techniques that lighten overall vehicle weight for improved fuel efficiency. In addition, castor oil-based lightweight parts help in minimizing carbon emissions during manufacturing resulting in the demand in the forecast years.

For instance, according to OICA, the manufacturing of light commercial vehicles grew to 18,593,846 units in 2021, up from 17,217,990 units in 2020.

Increasing demand from various end-user

Characteristics such as easy processing, chemical resistance, abrasion resistance, toughness, and dimensional stability is resulting in the demand from various end users. Additionally, increasing usage of biodegradable biopolymers in sporting goods including shoes and helmets increases the demand for castor-oil-based biopolymers. All these factors are accelerating the castor oil-based biopolymer market growth in the upcoming years.

Bio-Polyamides Will Continue to Be a Key Polymer Type

Different properties such as high thermal conductivity, high stiffness, flame resistance, low moisture assimilation, high specific strength, superior impact resilience, and chemical stability attributed to polyamide make it superior in the biopolymer. Moreover, weight reduction continues to be a significant factor in significantly reducing fuel efficiency. These factors are anticipated to increase the use of bio-polyamides in the forecast years.

Recent Developments

In October 2022, A polyester-based headrest cover called "Ultrasuede nu" was created by Toray Industries, Inc. The cover is made up of three different structures: scrim, elastomer, and ultra-fine fibers. Polyurethane substance based on castor oil makes up the elastomer.
Arkema has benefited from robust growth for its biobased Pebax® Rnew® grades, derived from renewable castor beans in September 2022.
Nylon grade (N510) fiber, created using only plant-based fiber, has been made commercially available, according to Toray Industries, Inc. in January 2022.
In October 2021, a new bio-based polyamide 11 powder plant opened in China, according to an announcement by Arkema.

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Market Segmentation

Global Castor Oil-Based Biopolymer Market is segmented based on polymer type, form, end user, and region. Based on polymer type, the market is categorized into bio-polyamides, bio-polyurethane, and others. Based on form, the market is segregated into pellets, yarns, and others. Based on end user, the market is fabricated into automotive, solar, household appliances, and others. Based on region, the market is divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

Company Profiles

BASF SE, Toray Industries, Inc., Arkema S.A., Solvay S.A., Evonik Industries AG, Mitsui Chemicals Inc., DuPont de Nemours, Inc., EMS-Chemie Holding AG, Fulgar SpA, Koninklijke DSM N.V. are some of the key players of Global Castor Oil-Based Biopolymer Market.

Attribute	Details
Base Year	2022
Historic Data	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Million, Volume in Metric Tonnes, and CAGR for 2018-2022 and 2023-2028
Report coverage	Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends
Segments covered	Polymer Type Form End User
Regional scope	North America, Europe, Asia Pacific, South America, Middle East & Africa
Country scope	United States; Mexico; Canada; France; Germany; United Kingdom; Spain; Italy; China; India; South Korea; Japan; Australia; Brazil; Argentina; South Africa; Saudi Arabia; UAE
Key companies profiled	BASF SE, Toray Industries, Inc., Arkema S.A., Solvay S.A., Evonik Industries AG, Mitsui Chemicals Inc., DuPont de Nemours, Inc., EMS-Chemie Holding AG, Fulgar SpA, Koninklijke DSM N.V.
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, the global Castor Oil-Based Biopolymer market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

Castor Oil-Based Biopolymer Market, By Polymer Type:

Bio-Polyamides
Bio-Polyurethane
Others

Castor Oil-Based Biopolymer Market, By Form:

Pellets
Yarns
Others

Castor Oil-Based Biopolymer Market, By End User:

Automotive
Solar
Household Appliances
Others

Castor Oil-Based Biopolymer Market, By Region:

North America

United States
Mexico
Canada

Europe

France
Germany
United Kingdom
Spain
Italy

Asia-Pacific

China
India
South Korea
Japan
Australia

South America

Brazil
Argentina

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive landscape

Company Profiles: Detailed analysis of the major companies in the global Castor Oil-Based Biopolymer market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Castor Oil-Based Biopolymer Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Castor Oil-Based Biopolymer Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1. By Polymer Type (Bio-Polyamides, Bio-Polyurethane, Others)

5.2.1.1. Bio-Polyamides

5.2.1.1.1. Bio-Polyamide 6

5.2.1.1.2. Bio-Polyamide 10 and 11

5.2.2. By Form (Pellets, Yarns, Others)

5.2.3. By End User (Automotive, Solar, Household Appliances, Others)

5.2.4. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)

5.2.5. By Company (2022)

5.3. Market Map

5.3.1. By Polymer Type

5.3.2. By Form

5.3.3. By End User

5.3.4. By Region

6. North America Castor Oil-Based Biopolymer Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Polymer Type

6.2.2. By Form

6.2.3. By End User

6.2.4. By Country

6.3. Pricing Analysis

6.4. North America: Country Analysis

6.4.1. United States Castor Oil-Based Biopolymer Market Outlook

6.4.1.1. Market Size & Forecast

6.4.1.1.1. By Value & Volume

6.4.1.2. Market Share & Forecast

6.4.1.2.1. By Polymer Type

6.4.1.2.2. By Form

6.4.1.2.3. By End User

6.4.2. Mexico Castor Oil-Based Biopolymer Market Outlook

6.4.2.1. Market Size & Forecast

6.4.2.1.1. By Value & Volume

6.4.2.2. Market Share & Forecast

6.4.2.2.1. By Polymer Type

6.4.2.2.2. By Form

6.4.2.2.3. By End User

6.4.3. Canada Castor Oil-Based Biopolymer Market Outlook

6.4.3.1. Market Size & Forecast

6.4.3.1.1. By Value & Volume

6.4.3.2. Market Share & Forecast

6.4.3.2.1. By Polymer Type

6.4.3.2.2. By Form

6.4.3.2.3. By End User

7. Europe Castor Oil-Based Biopolymer Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Polymer Type

7.2.2. By Form

7.2.3. By End User

7.2.4. By Country

7.3. Pricing Analysis

7.4. Europe: Country Analysis

7.4.1. France Castor Oil-Based Biopolymer Market Outlook

7.4.1.1. Market Size & Forecast

7.4.1.1.1. By Value & Volume

7.4.1.2. Market Share & Forecast

7.4.1.2.1. By Polymer Type

7.4.1.2.2. By Form

7.4.1.2.3. By End User

7.4.2. Germany Castor Oil-Based Biopolymer Market Outlook

7.4.2.1. Market Size & Forecast

7.4.2.1.1. By Value & Volume

7.4.2.2. Market Share & Forecast

7.4.2.2.1. By Polymer Type

7.4.2.2.2. By Form

7.4.2.2.3. By End User

7.4.3. United Kingdom Castor Oil-Based Biopolymer Market Outlook

7.4.3.1. Market Size & Forecast

7.4.3.1.1. By Value & Volume

7.4.3.2. Market Share & Forecast

7.4.3.2.1. By Polymer Type

7.4.3.2.2. By Form

7.4.3.2.3. By End User

7.4.4. Spain Castor Oil-Based Biopolymer Market Outlook

7.4.4.1. Market Size & Forecast

7.4.4.1.1. By Value & Volume

7.4.4.2. Market Share & Forecast

7.4.4.2.1. By Polymer Type

7.4.4.2.2. By Form

7.4.4.2.3. By End User

7.4.5. Italy Castor Oil-Based Biopolymer Market Outlook

7.4.5.1. Market Size & Forecast

7.4.5.1.1. By Value & Volume

7.4.5.2. Market Share & Forecast

7.4.5.2.1. By Polymer Type

7.4.5.2.2. By Form

7.4.5.2.3. By End User

8. Asia-Pacific Castor Oil-Based Biopolymer Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Polymer Type

8.2.2. By Form

8.2.3. By End User

8.2.4. By Country

8.3. Pricing Analysis

8.4. Asia-Pacific: Country Analysis

8.4.1. China Castor Oil-Based Biopolymer Market Outlook

8.4.1.1. Market Size & Forecast

8.4.1.1.1. By Value & Volume

8.4.1.2. Market Share & Forecast

8.4.1.2.1. By Polymer Type

8.4.1.2.2. By Form

8.4.1.2.3. By End User

8.4.2. India Castor Oil-Based Biopolymer Market Outlook

8.4.2.1. Market Size & Forecast

8.4.2.1.1. By Value & Volume

8.4.2.2. Market Share & Forecast

8.4.2.2.1. By Polymer Type

8.4.2.2.2. By Form

8.4.2.2.3. By End User

8.4.3. South Korea Castor Oil-Based Biopolymer Market Outlook

8.4.3.1. Market Size & Forecast

8.4.3.1.1. By Value & Volume

8.4.3.2. Market Share & Forecast

8.4.3.2.1. By Polymer Type

8.4.3.2.2. By Form

8.4.3.2.3. By End User

8.4.4. Japan Castor Oil-Based Biopolymer Market Outlook

8.4.4.1. Market Size & Forecast

8.4.4.1.1. By Value & Volume

8.4.4.2. Market Share & Forecast

8.4.4.2.1. By Polymer Type

8.4.4.2.2. By Form

8.4.4.2.3. By End User

8.4.5. Australia Castor Oil-Based Biopolymer Market Outlook

8.4.5.1. Market Size & Forecast

8.4.5.1.1. By Value & Volume

8.4.5.2. Market Share & Forecast

8.4.5.2.1. By Polymer Type

8.4.5.2.2. By Form

8.4.5.2.3. By End User

9. South America Castor Oil-Based Biopolymer Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Polymer Type

9.2.2. By Form

9.2.3. By End User

9.2.4. By Country

9.3. Pricing Analysis

9.4. South America: Country Analysis

9.4.1. Brazil Castor Oil-Based Biopolymer Market Outlook

9.4.1.1. Market Size & Forecast

9.4.1.1.1. By Value & Volume

9.4.1.2. Market Share & Forecast

9.4.1.2.1. By Polymer Type

9.4.1.2.2. By Form

9.4.1.2.3. By End User

9.4.2. Argentina Castor Oil-Based Biopolymer Market Outlook

9.4.2.1. Market Size & Forecast

9.4.2.1.1. By Value & Volume

9.4.2.2. Market Share & Forecast

9.4.2.2.1. By Polymer Type

9.4.2.2.2. By Form

9.4.2.2.3. By End User

10. Middle East and Africa Castor Oil-Based Biopolymer Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value & Volume

10.2. Market Share & Forecast

10.2.1. By Polymer Type

10.2.2. By Form

10.2.3. By End User

10.2.4. By Country

10.3. Pricing Analysis

10.4. MEA: Country Analysis

10.4.1. South Africa Castor Oil-Based Biopolymer Market Outlook

10.4.1.1. Market Size & Forecast

10.4.1.1.1. By Value & Volume

10.4.1.2. Market Share & Forecast

10.4.1.2.1. By Polymer Type

10.4.1.2.2. By Form

10.4.1.2.3. By End User

10.4.2. Saudi Arabia Castor Oil-Based Biopolymer Market Outlook

10.4.2.1. Market Size & Forecast

10.4.2.1.1. By Value & Volume

10.4.2.2. Market Share & Forecast

10.4.2.2.1. By Polymer Type

10.4.2.2.2. By Form

10.4.2.2.3. By End User

10.4.3. UAE Castor Oil-Based Biopolymer Market Outlook

10.4.3.1. Market Size & Forecast

10.4.3.1.1. By Value & Volume

10.4.3.2. Market Share & Forecast

10.4.3.2.1. By Polymer Type

10.4.3.2.2. By Form

10.4.3.2.3. By End User

11. Market Dynamics

11.1. Drivers

11.1.1. Rapid growth in the Automotive Industry

11.1.2. Increasing demand of polymer-based yarn from Textile industry

11.1.3. Superior Mechanical & Chemical Properties of Biopolymers

11.2. Challenges

11.2.1. Fluctuation in Raw Material price

11.2.2. Dependent on region-based crop product

12. Market Trends & Developments

12.1. Product Launches

12.2. Mergers & Acquisitions

12.3. Technological Advancements

13. Global Castor Oil-Based Biopolymer Market: SWOT Analysis

14. Porter’s Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Business Overview

15.2. Product Offerings

15.3. Recent Developments

15.4. Financials (In Case of Listed Companies)

15.5. Key Personnel

15.6. SWOT Analysis

15.6.1. BASF SE

15.6.2. Toray Industries, Inc.

15.6.3. Arkema S.A.

15.6.4. Solvay S.A.

15.6.5. Evonik Industries AG

15.6.6. Mitsui Chemicals Inc.

15.6.7. DuPont de Nemours, Inc.

15.6.8. EMS-Chemie Holding AG

15.6.9. Fulgar SpA

15.6.10. Koninklijke DSM N.V.

Strategic Recommendations

Figures and Tables

Frequently asked questions

What are the major drivers for the Global Castor Oil-Based Biopolymer Market?

The growing demand from various end-user industries, such as automotive (for making interior and exterior parts of the automobile), solar (for the production of lightweight solar panel), household appliances (like mixture grinder, iron), and others is driving the growth of Global Castor Oil-Based Biopolymer Market.

Who are the top players operating in the Global Castor Oil-Based Biopolymer Market?

What are the key trends in the Global Castor Oil-Based Biopolymer Market?

Rising development of eco-sustainable biopolymers favors the increased utilization in several end-user applications.

Which region is expected to account for the largest share in the Global Castor Oil-Based Biopolymer Market?

Asia Pacific region is expected to hold the largest market share over the next five years on account of the growing shift towards sustainability. Besides, increased demand from the automotive and textile industries increasing economic conditions further support market growth.

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Press Release

Castor Oil-Based Biopolymer Market to be Dominated by automotive sector applicability through 2028

Feb, 2023

Growing demand from Automotive Industry is expected to drive the Castor Oil-Based Biopolymer market in the forecast period 2024-2028

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