Global undecylenic market was worth over US$ 310 million in 2015 and is expected to reach more than US$ 520 million in 2023, growing at a CAGR of 5.8%.
Increasing pharmaceutical applications coupled with growing consumer awareness for biobased products is expected to drive the undecylenic acid market.
In the castor oil market, India dominated the castor oil production and accounts for over 60% of the total volume with over 900 kilo tons of capacity. China and Brazil account close to 20% & 10% respectively of the total production volume.