Epoxidized Soybean Oil Market to surpass $650mn by 2024 Epoxidized Soybean Oil Market | Page 2

Epoxidized soybean oil (ESBO) market from plasticizer application is estimated to
surpass USD 355 million by 2024 owing to its usage in PVC plastics. It acts as
plasticizer and as a forager for HCL emitted from polyvinyl chloride products, when
they undertake heat treatment. These factors will foster industry growth. The
product is used in plastic materials including PVC & its copolymers in order to keep
these products flexible & soft, which may further propel industry growth.
Epoxidized soy oil market from pigment dispersion agent application is likely witness
substantial gains of over 6% by 2024. ESBO is used as a pigment scattering agent
and as an epoxy reactive diluent. Due to its controlled cost, non-toxic nature and
eco-friendly properties along with its biodegradability as compared to other phthalate
plasticizers, ESBO is likely to replace dioctyl phthalate (DOP) in industrial
application. These product functions are likely to stimulate industry growth by 2024.
U.S. Epoxidized Soybean Oil Market Size, By End-Use, 2017 & 2024, (Kilo Tons)
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