Castor oil-based polyols are recognized for their versatility and biodegradability, making them suitable for various applications, including coatings, adhesives, and elastomers. The global castor oil-based polyols market is experiencing steady growth, with the castor oil market volume projected to increase from 977.72 KMT in 2025 to approximately 1,345.33 KMT by 2034, expanding at a CAGR of 3.61% . This growth is fueled by the rising demand for bio-based products and the expansion of end-use industries. The price of castor oil-based polyols is influenced by factors such as castor seed production, extraction costs, and global demand. As the market for sustainable materials expands, prices are expected to rise moderately. However, increased cultivation of castor crops and improvements in extraction technologies may help stabilize prices over time.