Global Epoxidized Soybean Oil Market By Raw Material (Soybean Oil, Hydrogen Peroxide); Application (Revenue Pocket Matrix, Plasticizers, Pigment Dispersion Agents, Flavors & Fragrances, Functional Fluids, UV Cure Applications, Fuel Additives); End Use Application; Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) - Industry Trends and Forecast to 2024
The Global Epoxidized Soybean Oil Market accounted for USD 395.7 million in 2016 and projected to grow at a CAGR of 13.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global Epoxidized Soybean Oil Market
Epoxidized soybean oil is non-toxic oil. ESO is mostly available due to its low cost, it is industrially available with the low cost at great quantity. Due to its low cost, ESO is replacing dioctyl phthalate in some of the applications. It has its wide application in foods & beverages, personal & healthcare, adhesives & sealants, automotive & transportation, and others. Easy availability of ESBO in large volume and at low price may act as the major driver in the growth of epoxidized soybean oil market. On the other side, health hazards due to excess usage of ESBO in foods & beverages industry may hamper the market.
Major Market Drivers:
- High adoption of organic stabilizers in polyvinyl chloride (PVC) stabilization process
- Biocompatible lubricants –
- Easy availability of ESBO in large volume and at low price
- Health hazards due to excess usage of ESBO in foods & beverages industry
Market Segmentation: Global Epoxidized Soybean Oil Market
The global epoxidized soybean oil market is segmented on the basis of raw material into soybean oil, hydrogen peroxide, and others.
On the basis of application, the global epoxidized soybean oil market is segmented into revenue pocket matrix, plasticizers, pigment dispersion agents, flavors & fragrances, functional fluids, UV cure applications, fuel additives, and others.
On the basis of end-use application, the global epoxidized soybean oil market is segmented into foods & beverages, personal & healthcare, adhesives & sealants, and automotive & transportation, and others.
On the basis of geography, the global epoxidized soybean oil market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Competitive Landscape: Global Epoxidized Soybean Oil Market
The global epoxidized soybean oil market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors: Global Epoxidized Soybean Oil Market
Some of the major players in global epoxidized soybean oil market include Arkema group, The Dow Chemical Company, CHS Inc., Ferro Corporation, Galata Chemicals, Guangzhou Xinjinlong Chemical Additives Co. Ltd., Makwell Plastisizers Private Limited, The Chemical Company, Shandong Longkou Longda Chemical Industry Co.,Ltd, ANHUI TIANYI ENVIRONMENTAL PROTECTION TECH. CO.,LTD, American Chemical Service, Inc., Hallstar, ADEKA CORPORATION, Zhejiang Jiaao Enprotech Stock Co., Ltd, FuJian ZhiShang Biomass Materials Co., Ltd., Chang Chun Group, NAN YA PLASTICS CORPORATION, and others.
Research Methodology: Global Epoxidized Soybean Oil Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst call
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The key research methodology used by DBMR Research
team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.