Epoxidized Soybean Oil Market To Undergo Rapid Growth And Reach USD 1050.78 Million by 2032

According to the report, global Epoxidized Soybean Oil Market, estimating its value at USD 452.99 Million in 2023, with projections indicating that it will reach USD 1050.78 Million by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 9.8% over the forecast period 2024-2032. Major players active in the global market are Hallstar, Flowtech Group, Peekay Agencies Pvt. Ltd., Shital industries Pvt Ltd, KLJ, INBRA, Varteco, NAN YA PLASTICS, Adeka, Arkema, Valtris, CHS Inc, The Chemical Company, Makwell, and Zhejiang Jiaao Enprotech Stock Co. Ltd.

Rising Requirement For Bio-Supported Plasticizers To Power The Global Market

Rising requirement for bio-supported plasticizers due to rising requirement in processed can coatings of food & beverage might increase the growth of the epoxidized soybean oil market. Limitation on phthalate plasticizers in food & beverage industry is expected to power the growth of the global market. ESBO has high stability & thermal flexibility and is cost effective; hence the growth of the market is eminent.

Strict Government Laws On Use Of Non-Phthalate Plasticizers To Power The Development Of Epoxidized Soybean Oil Market

Strict government laws on use of non-phthalate plasticizers might increase the development of epoxidized soybean oil market in the years to come. ESBO is an environmental-friendly bio-plasticizer that obeys laws set by FDA, REACH, and EU. This is expected to favor the demand of the product. The product is used for PVC applications as co-plasticizer. It is also employed as an acid scavenger for pigment dispersion, inks, and agricultural chemicals, thereby powering the growth of the global market.

Government programs along with huge capital spending in R&D for eco-friendly product might fortify the growth of the market. ESBO is created by soybean oil’s oxidation using hydrogen peroxide in the attendance of acetic or formic acid. It is clear to low cost, yellow liquid, non-toxic, and strong synergist to metal additive composites in vinyl systems. This might favor the demand of epoxidized soybean oil products.

Asia Pacific And Europe To Power The Global Market In The Years To Come

Asia Pacific epoxidized soybean oil market led by India, Japan, and China is projected to surpass USD 180 million up to 2025. The product has wide applications as stabilizer in plasticizers due to affordability. Availability of cheap labor for EBSO manufacturing process and simple sourcing of raw material might power growth of regional market. Europe epoxidized soybean oil market boosted by the UK, France, and Germany might witness noteworthy gains of almost 6.9% by 2025 due to increasing food & beverage sector. Strict laws by EU pertaining to phthalate plasticizers in packaging sector might fuel demand of the products in the areas.

Browse the full “Epoxidized Soybean Oil Industry Market By Raw Material (Hydrogen Peroxide, Formic Acid, Soybean Oil, And Acetic Acid), Application (Surfactants, UV Cure, Pigment Dispersion Agent, Lubricants, Plasticizers, Agricultural Chemicals, Cutting Oils, Coatings, Flavor & Fragrances, Fuel Additive, And Functional Fluids), and End-User (Food & Beverage, Pharmaceutical & Healthcare, Adhesives & Sealants, And Pharmaceutical & Healthcare): Global Industry Perspective, Comprehensive Analysis And Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/epoxidized-soybean-oil-market

The global epoxidized soybean oil market is segmented as follows:

By Raw Material

• Soybean Oil
• Hydrogen Peroxide
• Formic Acid
• Acetic Acid

By Application

• Plasticizers
• Fuel Additive
• Flavor & Fragrances
• Coatings
• UV Cure
• Agricultural Chemicals
• Lubricants
• Pigment Dispersion Agent
• Surfactants
• Cutting Oils
• Functional Fluids

By End-Use

• Food & Beverage
• Adhesives & Sealants
• Automotive
• Pharmaceutical & healthcare

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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