Japan Castor Oil & Derivatives Market Size & Outlook
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Japan castor oil & derivatives market highlights
- The Japan castor oil & derivatives market generated a revenue of USD 48.2 million in 2025 and is expected to reach USD 72.2 million by 2033.
- The Japan market is expected to grow at a CAGR of 5.2% from 2026 to 2033.
- In terms of segment, hydrogenated castor oil was the largest revenue generating product in 2025.
- Ricinoleic Acid is the most lucrative product segment registering the fastest growth during the forecast period.
Castor oil & derivatives market data book summary
| Market revenue in 2025 | USD 48.2 million |
| Market revenue in 2033 | USD 72.2 million |
| Growth rate | 5.2% (CAGR from 2026 to 2033) |
| Largest segment | Hydrogenated castor oil |
| Fastest growing segment | Ricinoleic Acid |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ricinoleic Acid, Hydrogenated Castor Oil, Undecylenic Acid, Sebacic acid, 12HSA, Dehydrated Castor Oil |
| Key market players worldwide | Thai Oil PCL ADR, Adani Wilmar, Hokuriku Electric Power Co Inc, ITOCHU Corp, Jayant Agro-Organics, RPK Group, Taj Agro, N K Proteins, Castor, Liaoning Shengde Huaxing Chemical Co., Gokul Agro Resources, Vertellus, Yuki Gosei Kogyo |
Other key industry trends
- In terms of revenue, Japan accounted for 3.3% of the global castor oil & derivatives market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China castor oil & derivatives market is projected to lead the regional market in terms of revenue in 2033.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 875.2 million by 2033.
Castor beans are not grown on a commercial scale in Japan. The country majorly imports castor oil owing to its diversified applications in bio-polyamides, bio-lubricants, and biofuel manufacturing. The country’s import index has been constant since 2015, however, it reported a minor decline in imports in 2018 owing to a hike in the prices of castor oil and a noteworthy decline in its exports from India.
The growing automobile sector offers a long-term outlook for the development of castor oil derivatives market. ITOH Oil Chemicals Co. Ltd., Mitsui Chemicals, and Hokoku Corporation are some of the major castor-based companies and commercial-scale suppliers of biobased polyurethane to the automotive industry in Japan.
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Castor Oil & Derivatives Market Scope
Castor Oil Derivatives Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| ITOCHU Corp | View profile | 155,403 | 5-1, Kita Aoyama 2-chome, Minato-ku, Tokyo, Japan, 107-8077 | www.itochu.co.jp |
| Adani Wilmar | View profile | 1001-5000 | Ahmedabad, Gujarat, India, Asia | www.adaniwilmar.com/ |
| Thai Oil PCL ADR | View profile | - | 11th Floor, Vibhavadi Rangsit Road, 555/1 Energy Complex Building A, Kwang Chatuchak, Khet Chatuchak, Bangkok, Thailand, 10900 | www.thaioilgroup.com |
| Hokuriku Electric Power Co Inc | View profile | 9,623 | 15-1 Ushijima-cho, Toyama, Japan, 930-8686 | www.rikuden.co.jp |
| Jayant Agro-Organics | View profile | 251-500 | Mumbai, Maharashtra, India, Asia | www.jayantagro.com/ |
| RPK Group | View profile | 11-50 | Annapolis, Maryland, United States, North America | rpkgroup.com/ |
| Taj Agro | View profile | 501-1000 | Mumbai, Maharashtra, India, Asia | tajagro.com |
| N K Proteins | View profile | 501-1000 | Ahmedabad, Gujarat, India, Asia | www.nkproteins.com |
| Castor | View profile | 101-250 | Amsterdam, Noord-Holland, The Netherlands, Europe | www.castoredc.com |
| Liaoning Shengde Huaxing Chemical Co. | View profile | 11-50 | Dengta, Liaoning, China, Asia | www.huaxingchemical.com |
Japan Castor Oil & Derivatives Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Castor Oil & Derivatives Market Outlook will help companies and investors design strategic landscapes.
Hydrogenated Castor Oil was the largest segment with a revenue share of 30.91% in 2025.
Horizon Databook has segmented the Japan castor oil & derivatives market based on ricinoleic acid, hydrogenated castor oil, undecylenic acid, sebacic acid, 12hsa, dehydrated castor oil covering the revenue growth of each sub-segment from 2021 to 2033.
Castor beans are not grown on a commercial scale in Japan. The country majorly imports castor oil owing to its diversified applications in bio-polyamides, bio-lubricants, and biofuel manufacturing. The country’s import index has been constant since 2015, however, it reported a minor decline in imports in 2018 owing to a hike in the prices of castor oil and a noteworthy decline in its exports from India.
The growing automobile sector offers a long-term outlook for the development of castor oil derivatives market. ITOH Oil Chemicals Co. Ltd., Mitsui Chemicals, and Hokoku Corporation are some of the major castor-based companies and commercial-scale suppliers of biobased polyurethane to the automotive industry in Japan.
- Japan Castor Oil & Derivatives Market Product Type Outlook (Revenue, USD Million , 2021-2033)
- Sebacic acid
- 12HSA
- Ricinoleic Acid
- Hydrogenated Castor Oil
- Undecylenic Acid
- Dehydrated Castor Oil
- Others
- Japan Castor Oil & Derivatives Market Application Outlook (Revenue, USD Million , 2021-2033)
- Lubricants
- Surface Coatings
- Biodiesel
- Cosmetics and Pharmaceuticals
- Plastics and Resins
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan Castor Oil & Derivatives Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Japan Castor Oil & Derivatives Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Japan Castor Oil Derivatives Market, 2021-2033 (US$M)
Japan castor oil & derivatives market statistics, by product, 2021-2033 (US$M)
