Spain Castor Oil & Derivatives Market Size & Outlook
Global Market
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Spain castor oil & derivatives market highlights
- The Spain castor oil & derivatives market generated a revenue of USD 16.6 million in 2025 and is expected to reach USD 27.1 million by 2033.
- The Spain market is expected to grow at a CAGR of 6.3% from 2026 to 2033.
- In terms of segment, 12hsa was the largest revenue generating product in 2025.
- Dehydrated Castor Oil 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 16.6 million |
| Market revenue in 2033 | USD 27.1 million |
| Growth rate | 6.3% (CAGR from 2026 to 2033) |
| Largest segment | 12hsa |
| Fastest growing segment | Dehydrated Castor Oil |
| 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, Spain accounted for 1.1% 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 Europe, Germany castor oil & derivatives market is projected to lead the regional market in terms of revenue in 2033.
- France is the fastest growing regional market in Europe and is projected to reach USD 109.7 million by 2033.
Castor seeds are imported in Spain from France, India, and the Netherlands. The major driver triggering the demand for castor oil in the country is its growing application in the bioplastic industry. In November 2015, Nurel, Spain-based synthetic fiber manufacturing company, announced the launch of a new biopolymer facility at its Zaragoza site.
Similarly, in December 2018, Bio-on took an initiative to start production of PHA bioplastics from sugar beets and other vegetable oils. This is expected to further augment the market for vegetative oil such as sunflower, castor, rapeseed, and soybeans oil in Spain.
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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 |
Spain 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.
12Hsa was the largest segment with a revenue share of 31.33% in 2025.
Horizon Databook has segmented the Spain 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 seeds are imported in Spain from France, India, and the Netherlands. The major driver triggering the demand for castor oil in the country is its growing application in the bioplastic industry. In November 2015, Nurel, Spain-based synthetic fiber manufacturing company, announced the launch of a new biopolymer facility at its Zaragoza site.
Similarly, in December 2018, Bio-on took an initiative to start production of PHA bioplastics from sugar beets and other vegetable oils. This is expected to further augment the market for vegetative oil such as sunflower, castor, rapeseed, and soybeans oil in Spain.
- Spain 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
- Spain 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 Spain Castor Oil & Derivatives Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Spain Castor Oil & Derivatives Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Spain Castor Oil Derivatives Market, 2021-2033 (US$M)
Spain castor oil & derivatives market statistics, by product, 2021-2033 (US$M)
