Epoxidized Soybean Oil research to analyze and forecast the market size in terms of value

The report "Epoxidized Soybean Oil Market by Raw Material (Soybean Oil, Hydrogen Peroxide), Application (Plasticizers, UV Cure Applications, Fuel Additives), End-use Application (Foods & Beverages, Adhesives & Sealants, Automotives) - Global Forecast to 2026"

The global Epoxidized Soybean Oil (ESBO) market is projected to reach USD 691.7 Million by 2026, at a CAGR of 11.04% from 2016 to 2026.

Main objectives of the Study:

• To define and segment the market for epoxidized soybean oil by raw material, application, and end-use application
• To estimate and forecast the market for epoxidized soybean oil in terms of value
• To analyze significant region-specific trends of the market in North America, Europe, Asia-Pacific, South America, and the Middle East & Africa
• To estimate and forecast the market for epoxidized soybean oil by raw material, application, end-use application and region at the country level in each of the regions
• To identify and analyze the key drivers, restraints, and opportunities, and challenges influencing the epoxidized soybean oil market
• To analyze recent market developments and competitive strategies such as, alliances, joint ventures, and mergers & acquisitions, to draw the competitive landscape in the market for epoxidized soybean oil
• To strategically identify and profile the key market players and analyze their core competencies in each type, and application of the epoxidized soybean oil market

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Top Industry players analyzed in this research are

The epoxidized soybean oil supply chain includes raw material manufacturers such as, Arkema SA (France), CHS INC. (U.S.), Ferro Corporation (U.S.), Galata Chemicals (U.S.), The Chemical Company (U.S.), Hairma Chemicals (Gz) Ltd. (China), Shandong Longkou Longda Chemical Industry Co., Ltd (China), and Guangzhou Xinjinlong Chemical Additives Co. Ltd. (China), among others.

Soybean oil: The most-widely used raw material for the production of epoxidized soybean oil

Soybean seeds are crushed in order to obtain soybean oil for use in manufacturing epoxidized soybean oil. For the production of ESBO, soybean oil is used as the basic raw material. As compared to other bio-based oils, soybean oil is preferred by oleo chemicals producers due to its low cost and easy availability. The use of ESBO helps application industries to reduce production costs and to maximize profitability margins.

Plasticizers: The largest application of epoxidized soybean oil

Polymer materials are made flexible, user-friendly, and resilient with the addition of plasticizers. When ESBO undergoes heat treatment, it acts as a scavenger for hydrochloric acid liberated from poly vinyl chloride. ESBO being a bio-based plasticizer, is gaining traction in PVC stabilization applications over the phthalate plasticizers.

North America: The largest market for epoxidized soybean oil

The North American region is the largest market in the global epoxidized soybean oil market, in terms of value, and this trend is expected to continue till 2026. Countries in this region such as U.S, Canada and Mexico are achieving symbolic increase in the use of epoxidized soybean oil in the plasticizer application industry. This growth is due to the easy availability of raw materials in large quantities and at lower costs, which is driving the demand for epoxidized soybean oil in this region. U.S is the largest market for epoxidized soybean oil and is projected to continue this trend till 2026. The epoxidized soybean oil market has various global players competing for significant market shares.

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