Press release
Epoxidized Soybean Oil Market by Raw Material, End-use Application - 2023
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ESBO, a non-toxic, yellow colored liquid, is manufactured by the oxidation of soybean and unsaturated oils with hydrogen peroxide. ESBO is used in edible items like food and beverages industry and inedible products like plasticizers and stabilizers for PVC.
The global epoxidized soybean oil market is segmented on the basis of raw material, application and region. By raw material, the global market for ESBO is segmented into soybean oil, hydrogen peroxide, formic acid and acetic acid.
The global market for ESBO, on the basis of application, is segmented into plasticizers, pigment dispersion agent, flavors and fragrances, UV care applications and fuel additives. Plasticizers are expected to be the largest application segment in the global epoxidized soybean oil market due to increasing demand from North America region.
North America is expected to be the largest market for epoxidized soybean oil, in terms of value, owing to the stringent environmental norms set by the U.S government and ease of accessibility of cheap raw materials in the region.
The major challenge to the growth of the global ESBO market is the health hazards due to excess usage in the foods and beverage industry.
Read summary of report here : https://www.psmarketresearch.com/market-analysis/epoxidized-soybean-oil-market
The major companies operating in the global epoxidized soybean oil market are Arkema, The Dow Chemical Company, The Chemical Company, Galata Chemicals, Hairma Chemicals (GZ) Ltd. , Ferro Corporation, Shandong Longkou Longda Chemical Industry Co.,Ltd. ., CHS Inc., Makwell Plastisizers Pvt. Ltd and Shenzhen Kaiqi Chemicals Co.,Ltd.
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Market size value in 2023 - USD 497.9 Million
Market size value in 2030 - USD 1,029.1 Million
CAGR (2023-2030) - 9.5%
Forecast Period - 2023-2030
Segments Covered - Type, Application & Region
Geographies Covered - North America, Europe, Asia Pacific, and Row
Sample of Companies Covered - Arkema, CHS, Galata Chemicals, The Chemical Company, American Chemical Service, Makwell Plasticizers Pvt. Ltd.
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