Epoxidized Soybean Oil Market

GLOBAL INDUSTRY INSIGHT:
Global Epoxidized Soybean Oil Market Size, Share, Development, Growth
and Demand forecast to 2023

Global Epoxidized Soybean Oil Market Size, Share, Development,
Growth and Demand forecast to 2023
The global epoxidized soybean oil market is expected to grow during the forecast period (2017-2023) on
account of ease of availability of ESBO at large quantities coupled with low prices. A high demand from the plastic
additive industries for the use of phthalate free bio-based plasticizers from China, India and Brazil is expected to
drive the global epoxidized soybean oil market during the forecast period.
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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.
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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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