Chemicals and Materials Epoxidized Soybean Oil Market

Global Epoxidized Soybean Oil Market is Expected to Generate
Huge Profits by 2026
The global Epoxidized Soybean Oil (ESBO) Market is projected to be valued at USD 691.7
Million by 2026, at a CAGR of 11.04% from 2016 to 2026. In this study, 2015 has been
considered the base year and 2016 to 2026, the forecast period, to estimate the global
market of epoxidized soybean oil. The growing demand in the Asia-Pacific, South American,
and Middle-Eastern & African regions, coupled with the growing demand for PVC
stabilization and UV care applications is expected to drive the ESBO market.
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Soybean oil is projected to be the leading raw material in the production of epoxidized
soybean oil from 2016 to 2026. Soybean oil is a light yellow colored vegetable oil derived
from the seeds of soybean. It is extensively used in edible applications such as in the
manufacture of food products. Out of the numerous inedible applications, it is also used as
an additive and as a stabilizer in plasticizers. The plasticizers become more reactive on the
addition of ESBO due to the carbon-carbon double bonds that undergo the epoxidation
process present in vegetable oil. Soybean oil being an ecofriendly alternative and being
easily available in large amounts, is preferred by oleo chemical producers.
Manufacturers such as The DOW Chemical Company (U.S), Galata Chemicals LLC (U.S), CHS
Inc. (U.S), Ferro Corporation (U.S), and others have adopted various organic and inorganic
developmental strategies in the global market.
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