Nowadays increasing interest is observed for using of bio derived products replacing petroleum based materials. This may reduce the fuel consumption and result in producing of materials with lower envi ronmental impact. One of such substances is vegetable oil, which possesses unique chemical structure and consists of unsaturation sites, epoxies, hydroxyls, esters and other functional groups along with inherent flu idity characteristics. Such outstanding features enable them to undergo various chemical transformations producing low molecular weight polymeric materials with versatile applications. Our review discusses the synthesis of polyurethane from castor oil and provides an insight of its prominent applications of castor oil based polyurethane as hybrid materials, interpenetrating polymer networks, foams, adhesives, coatings.