Global Epoxidized Soybean Oil Market Survey and In-depth Analysis on Industry Growth Factors, Trends, and Forecasts 2024

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. Soybean oil is projected to be largest growing market in the manufacture of epoxidized soybean oil. The carbon-carbon double bonds present in the vegetable oil undergo epoxidation process thereby, making plasticizers more reactive upon addition of epoxidized soybean oil.

Explore report description with detailed TOC @ https://www.psmarketresearch.com/market-analysis/epoxidized-soybean-oil-market/toc-sample

Food and beverage is estimated to be the largest end-use application in the global epoxidized soybean oil market on account of the rise in demand in processed food packaging and beverage can coatings. Owing to the low cost, high thermal stability and flexibility, ESBO is used as an eco-friendly bio-plasticizer and can be used as a food grade product. UV-cure technology is projected to spur the growth of the ESBO market due to its process of transforming liquid coating film into solid coating film with petroleum based products as intermediates. UV-cure technology is widely used in industrial applications such as drying inks, adhesives, coatings, printing and other UV-sensitive materials.

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. Soybean oil is projected to be largest growing market in the manufacture of epoxidized soybean oil. The carbon-carbon double bonds present in the vegetable oil undergo epoxidation process thereby, making plasticizers more reactive upon addition of epoxidized soybean oil.

UV cure processing provides high operating speeds at lower operational costs requiring less physical labor while ensuring less work-space usage and operational safety. The cost efficient, low toxicity, biodegradability, and flame resistance are a few factors driving the consumption of ESBO in UV-cure segment.

Get a free sample copy of this report @ https://www.psmarketresearch.com/market-analysis/epoxidized-soybean-oil-market/report-sample

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 inedible products like plasticizers and stabilizers for PVC. Additionally, epoxidized soybean oil are also used in the metal lids of glass jars containing food products.

The major challenge to the growth of the global ESBO market is the health hazards due to excess usage in the foods and beverage industry.

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, Shandong Longkou Longda Chemical Industry Co.,Ltd. ., CHS Inc., Makwell Plastisizers Pvt. Ltd and Shenzhen Kaiqi Chemicals Co.,Ltd.

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

This release was published on openPR.