Epoxidized Soybean Oil Market to surpass $650mn by 2024 Epoxidized Soybean Oil Market

Global Epoxidized Soybean Oil Market to grow at
10.8% CAGR from 2018 to 2024: Global Market
Insights Inc.
Epoxidized Soybean Oil Market to surpass USD 650 million by 2024; driven by
growing adhesives & sealants and food & beverage industries in Europe. Epoxidized
soybean oil (ESBO) market size is anticipated to witness strong gains on account of
its usage as plasticizer in numerous industries including construction & agriculture.
The product is manufactured by soybean oil using epoxidation process. The
epoxidized form of soybean is oil being accepted in numerous industries for its non-
toxic nature including its application as stabilizer for PVC, which may fuel product
demand by 2024.
Epoxidized soybean oil market size from hydrogen peroxide may surpass USD 100
million by 2024. Hydrogen peroxide is a powerful oxidizing and reducing agent.
Government regulations play an important role in propelling hydrogen peroxide
market growth due to emission-free and environmentally friendly properties. These
factors may drive ESBO market growth.
These products find application in stabilizing additives and are widely accepted in
industrial applications. It also improves performance of the system and gives heat
and light stability as compared to metallic stabilizers. These factors are likely to
foster industry growth.
Epoxidized Soybean Oil Market
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