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Epoxidized Soybean Oil Market – New Business Plan, Market Size, Share, Trend by 2023
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ESBO, a non-toxic, yellow colored liquid, is manufactured by the oxidation of soybean and unsaturated oils with hydrogen peroxide. ESBO is used in edible items like food and beverages industry and in products like plasticizers and stabilizers for PVC.
The global epoxidized soybean oil market is segmented on the basis of raw material, application and region. By raw material, the global market for ESBO is segmented into soybean oil, hydrogen peroxide, formic acid and acetic acid.
The global market for ESBO, on the basis of application, is segmented into plasticizers, pigment dispersion agent, flavors and fragrances, UV care applications and fuel additives. Plasticizers are expected to be the largest application segment in the global epoxidized soybean oil market due to increasing demand from North America region.
North America is expected to be the largest market for epoxidized soybean oil, in the United States, and in the United States.
The major challenge to the growth of the global ESBO market is the health hazards of overuse in the foods and beverage industry.
Read summary of report here: https://www.psmarketresearch.com/market-analysis/epoxidized-soybean-oil-market
The major companies operating in the global epoxidized soybean oil market are Arkema, The Dow Chemical Company, The Chemical Company, Galata Chemicals, Hairma Chemicals (GZ) Ltd. , Ferro Corporation, Longkou Longda Shandong Chemical Industry Co., Ltd. ., CHS Inc., Makwell Plastisizers Pvt. Ltd and Shenzhen Kaiqi Chemicals Co., Ltd.
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