High Erucic Oil Market to Hit USD 155.18 Million by 2032, Driven by Industrial and Bio-Based Demand
Global High Erucic Oil Market continues to demonstrate robust growth, with its valuation reaching USD 83 million in 2023. According to the latest industry analysis, the market is projected to grow at a CAGR of 7.20%, reaching approximately USD 155.18 million by 2032. This growth is driven by increasing industrial applications across plastics, printing inks, and personal care products, particularly in regions with strong manufacturing bases.
High erucic oil, derived primarily from traditional rapeseed varieties, contains erucic acid concentrations ranging from 43% to above 50%. Its unique chemical properties make it invaluable for specialized industrial applications, particularly where heat resistance and lubrication properties are required. As sustainability becomes a priority across industries, high erucic oil is gaining attention for its potential in bio-based solutions.
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