The market is Segmented by Application Type (Plasticizers, Coatings, Agricultural Chemicals, Lubricants, Fuel Additive, Surfactants, Cutting Oils, and Others), by End-Use Type (Food & Beverage, Adhesives & Sealants, Automotive, Pharmaceutical & Healthcare, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
The market is Segmented by Application Type (Plasticizers, Coatings, Agricultural Chemicals, Lubricants, Fuel Additive, Surfactants, Cutting Oils, and Others), by End-Use Type (Food & Beverage, Adhesives & Sealants, Automotive, Pharmaceutical & Healthcare, and Others), and by Region ...
The Epoxidized Soybean Oil Market is estimated to grow from USD 455.18 million in 2022 to USD 801.2 million by 2028 at a CAGR of 9.71% during the forecast period.
Epoxidized soybean oil is an assortment of organic compounds that is obtained through the process of epoxidation of soyabean oil. Also, it is known by its acronym, ESBO. It is mainly used as a stabilizer and plasticizer for PVC resins.
Epoxidized Soybean Oil Market Report Overview
Market Size in 2028
USD 801.2 Million
Market Size in 2022
USD 455.18 Million
Market Growth (2023-2028)
CAGR of 9.71%
Base Year of Study
2022
Trend Period
2017-2021
Forecast Period
2023-2028
Market Dynamics
Expected organic growth in end-use industries coupled with increasing demand for bio-based plasticizers with stringing regulation regarding ban on the usage of phthalate plasticizers as well as various benefits offered by epoxidized soybean oils when used for several applications is the major factors for their excellent growth in the global market over next five years.
The epoxidized soybean oil market is segmented as plasticizers, coatings, agricultural chemicals, lubricants, fuel additives, surfactants, cutting oils, and others.
Plasticizers are expected to remain the dominant application of the market over the next five years, owing to its stringent regulations regarding the ban in the usage of phthalate plasticizers due to their hazardous effects on the health of individuals.
Regional Analysis
Asia-Pacific is likely to maintain its supremacy in the market during the forecast period. The region is also expected to grow at the fastest rate during the same period, mainly driven by China, India, and Japan.
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Rapid industrialization, transformation, and globalization coupled with increasing government initiatives of the major economies towards indigenous & local manufacturing are boosting the manufacturing sector, which in turn, is likely to drive the market during the forecast period.
Segmentation
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The market is segmented into the following categories.
By Application Type:
Plasticizers
Coatings
Agricultural Chemicals
Lubricants
Fuel Additive
Surfactants
Cutting Oils
Others
By End-Use Type:
Food & Beverage
Adhesives & Sealants
Automotive
Pigment Dispersion Agent
Pharmaceutical & Healthcare
Others
By Region:
North America (Country Analysis: the USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, the UK, Russia, and the Rest of Europe)
Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Epoxidized Soybean Oil Market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional and country-level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and Forecast
What are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirements?
10% free customization
Report Customization Options
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to 3 players)
SWOT analysis of key players (up to 3 players)
Market Segmentation
Current market segmentation of any one of the application types by end-use type.
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
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Epoxidized soybean oil is an assortment of organic compounds which is obtained through the process of epoxidation of soyabean oil. Also, it is known by its acronym, ESBO. It is mainly used as a stabilizer and plasticizer for PVC resins.
Flowtech Group, Hallstar, Shital industries Pvt Ltd., Peekay Agencies Pvt. Ltd., Inbra Indústrias Químicas, KLJ Group, Nan Ya Plastics Corporation, Varteco Química Puntana SA, Arkema S.A., and Adeka Corporation are among the key players in the market.
Expected organic growth in end-use industries coupled with increasing demand for bio-based plasticizers with stringing regulations regarding ban on the usage of phthalate plasticizers as well as various benefits offered by epoxidized soybean oils when used for several applications is the major factors driving the growth of the market.
