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  • Epoxidized Soybean Oil Market Forecast | 2023-28

    Epoxidized Soybean Oil Market Forecast | 2023-28

    Epoxidized Soybean Oil Market Forecast | 2023-28
    Report code - SRAM685 Delivery - 2 Weeks
    Epoxidized Soybean Oil Market Share, Trend, Growth, Forecast, & Industry Analysis &nda See more...

    Market Insights

    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.

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    What is Epoxidized Soybean Oil?

    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.

    To learn more about market trends, click here.

    Key Players

    Some of the major manufacturers in the market are-

    • 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.
    • Adeka Corporation.

    Segment Analysis

    Application Trends

    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.

    To know which region offers the best opportunities? Register Here.

    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?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    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

    Frequently Asked Questions (FAQs)

    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 Indstrias Qumicas, KLJ Group, Nan Ya Plastics Corporation, Varteco Qumica Puntana SA, Arkema S.A., and Adeka Corporation are among the key players in the market.

    Asia-pacific is expected to maintain its supremacy in the epoxidized soybean oil market during the forecast period.

    Plasticizers is expected to remain the dominant application in the market over the next five years.

    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.

    The Epoxidized Soybean Oil Market is likely to reach USD 801.2 million in 2028.

    The Epoxidized Soybean Oil Market is likely to grow at a CAGR of 9.71% during 2023-2028.

    The study period of this market report is 2016-28.

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