Epoxidized Soybean Oil Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

Epoxidized Soybean Oil Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

  • Transparency Market Research
  • Ongoing
  • Chemicals

Report Description

Epoxidized Soybean Oil Market: Overview 

Epoxidized soybean oil, also known as, ESBO, is used as a plasticizer in polyvinyl chloride (PVC) plastics. It is used as a plasticizer as well as a remover or neutralizer for hydrochloric acid that is liberated from PVC while the PVC is being subjected to heat treatment. It is highly recommended to boost the epoxidized soybean oil  production rate, as, this substance is known to be an efficient substitute of a class of toxic substances known as phthalates, as plasticizer, as many countries have banned phthalates due to the negative effects caused by them on the human health.

Certain vegetable oils, for instance soybean oil, is usually epoxidized by reacting the double bonds present in the oil and a peroxyacid (mostly peroxyformic or peroxyacetic acid) made in situ by reacting certain amount of concentrated hydrogen peroxide with formic or acetic acid having a mineral acid as catalyst.

Other than being used as a plasticizers, epoxidized soybean oil also are flavor & fragrance, fuel additives, functional fluids, and pigment dispersion agents.

 They are widely used in industries like adhesives & sealants, food & beverages and healthcare & pharmaceuticals.

Epoxidized Soybean Oil Market: Market Trends

Epoxidized soybean oil, also known as ESBO or ESO,   is suitable for many applications in many end-use industries. Epoxidized soybean oil is known to have resistance to temperature, it is environmental friendly, and is cheap and easily available.

The above qualities of Epoxidized soybean oil makes it in high demand in various industries as they can serve various purposes like transparent films, coatings, laminations and others. Epoxidized soybean oil is known to substitute the use of the harmful compound phthalates which again is a major reason for the growth of the Epoxidized soybean oil market globally in the future.

However the toxicity of Epoxidized soybean oil must be considered before its intake. The tolerable daily intake (i.e TDI) of Epoxidized soybean oil assigned by the Scientific Committee on Food (SCF) of the EU is 1 mg/kg body weight. Repeated and increased oral administration has shown to affect the liver, kidney, testis and uterus on a large scale.

In spite of the toxicity, various number of industrial applications will attribute to the increase in the market of Epoxidized soybean oil in the developed as well as the developing countries.

Epoxidized Soybean Oil Market: Region-wise Outlook

The Epoxidized soybean oil market in Europe is expected to register very steady growth rates in the world. This is mainly as a result of the growth of adhesives, food and beverage, healthcare and pharmaceuticals, and sealants end-user industries in the developing as well as the developed countries, few of them are Germany, France, the UK, Italy, and Turkey.

In North America, the segment of UV cure application is a major market for Epoxidized soybean oil, due to the establishment of huge number of sealants, coatings and other end-user manufacturing industries. 

The region of Asia-Pacific also has some major players in the market of Epoxidized soybean oil due to fast growing rate of industrialization in countries like India and China.

Epoxidized Soybean Oil Market: Key Players

Few of the key player in epoxidized soybean oil market are Ferro Corporation, Arkema SA, Guangzhou Xinjinlong Chemical Additives Co. Ltd., The DOW Chemical Company, Galata Chemicals, Makwell Plasticizers Pvt. Ltd., Shandong Longkou Longda Chemical Industry Co. Ltd., Hairma Chemicals, Shenzen Kaiqi Chemical Co. Ltd., Inbra Indústrias Químicas Ltda, CHS Inc., etc.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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