Epoxidized Soybean Oil Market worth $648 million by 2028 | Key players CHS Inc. (US), Nan Ya Plastics Corporation (Taiwan), Adeka Corporation (Japan), Cargill (US), and Valtris (US).

According to recent market research the "Epoxidized Soybean Oil Market by Raw Material (Soybean Oil, Hydrogen Peroxide), Application (Plasticizers, UV Cure Applications, Fuel Additives), End-use Application (Foods & Beverages, Adhesives & Sealants, Automotive) - Global Forecast to 2028", is projected to grow from USD 494 million in 2023 to USD 648 million by 2028, at a CAGR of 5.6% during the forecast period. The epoxidized soybean oil market is projected to grow from USD 494 million in 2023 to USD 648 million by 2028, at a CAGR of 5.6% during the forecast period. The increasing demand for various end-use applications such as food and beverages, personal and healthcare products, adhesives, and sealants, and automotive and transportation is a key driver for the growth of the Epoxidized Soybean Oil (ESBO) market. The market is also experiencing growth due to the high adoption of organic stabilizers in the PVC stabilization process. Developed nations like the U.S., the U.K., Germany, and Canada exhibit high demand for ESBO, driven by the implementation of various development strategies by manufacturing companies. The European market is expected to witness rapid growth, fueled by the widespread adoption of bio-based additives to meet environmental compliance standards in end-use applications.

Browse 509 market data Tables and 49 Figures spread through 347 Pages and in-depth TOC on "Epoxidized Soybean Oil Market - Global Forecast to 2028"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/epoxidized-soybean-oil-market-27777113.html

In 2022, soybean oil emerged as the primary raw material for Epoxidized Soybean Oil (ESBO), holding the highest value among the various raw materials. Its widespread use in end-use applications can be attributed to its environmentally friendly characteristics, particularly when compared to petroleum-based products. Soybean oil stands out as an economically viable and abundantly available vegetable oil on a global scale. Its versatility is evident in its application across both edible and inedible domains. In the realm of edibles, soybean oil plays a crucial role in food product manufacturing, contributing to a variety of consumables. Simultaneously, inedible applications showcase the oil's adaptability in the production of diverse products such as caulks, mastics, plastics, and resins. This dual-purpose utility underscores soybean oil's significance as a key raw material, making it a preferred choice in the industrial landscape due to its accessibility, cost-effectiveness, and environmentally conscious profile.

The plasticizer segment stands out as a primary application in the global epoxidized soybean oil (ESBO) market. Epoxidized soybean oil serves as a key plasticizer, enhancing the flexibility and durability of various plastic products. Its popularity in this segment is attributed to its ability to act as a stabilizer and extend the shelf life of plastics, ensuring they maintain their structural integrity over time. ESBO's eco-friendly nature compared to traditional plasticizers, such as phthalates, has further fueled its adoption. The demand for plasticizers in industries like packaging, automotive, and construction has propelled the growth of the epoxidized soybean oil market, making it a pivotal player in the realm of sustainable and versatile plastic applications.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=27777113

The Asia Pacific region is poised to experience rapid growth in the epoxidized soybean oil market throughout the forecast period. This surge can be attributed to several factors, including the increasing demand for eco-friendly plasticizers in various industries such as food packaging, automotive, and healthcare. Epoxidized soybean oil, known for its versatility and sustainability, is gaining prominence as a viable alternative to conventional plasticizers. The region's burgeoning population and rising disposable income levels are driving heightened consumption of packaged goods, further fueling the demand for epoxidized soybean oil in packaging materials. Additionally, stringent environmental regulations and a growing awareness of sustainable practices are propelling the adoption of eco-friendly products in the Asia Pacific, contributing to the anticipated robust growth in the epoxidized soybean oil market.

Major companies such as CHS Inc. (US), Nan Ya Plastics Corporation (Taiwan), Adeka Corporation (Japan), Cargill (US), and Valtris (US), Galata Chemicals LLC (US), Hairma Chemicals (GZ) Ltd. (China), Shandong Longkou Longda Chemical Industry Co., Ltd. (China), Guangzhou Xinjinlong Chemical Additives Co. Ltd. (China), Inbra Indústrias Químicas, Ltda. (Brazil) and other leading companies in this market.

Request Sample Pages @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=27777113

Galata Chemicals is as a prominent global manufacturer specializing in additives used across diverse PVC and polymer applications. In 2010, the PVC additives business of Chemtura Corporation was acquired, leading to the formation of Galata Chemicals through a collaboration between Artek Surfin Chemicals Ltd. and Aterian Investment Partners. The company plays a significant role in producing a range of additives, including mixed metal heat stabilizers, tin heat stabilizers, epoxidized soybean oil, polymer modifiers, and chemical foaming agents, serving various applications beyond PVC. With manufacturing facilities located in Taft, Louisiana, and Lampertheim, Germany, along with a technical center in Navi Mumbai, India, Galata Chemicals has successfully established a strong global presence.

Cargill provides the world with food, ingredients, agricultural solutions, and industrial products in a manner that prioritizes safety, responsibility, and sustainability. With a rich history spanning 159 years, the company seamlessly blends traditional expertise with new innovations and insights. Cargill is persistent in its commitment to being a dependable partner for customers across the food, agriculture, financial, and industrial sectors, building trust through its extensive experience and firm dedication. The company serves as a crucial link between farmers and markets, connects customers with essential ingredients, and ensures that families have access to daily necessities, spanning from the food they consume to the materials used in their living spaces. Cargill's global team members are united by a shared commitment to purposeful innovation, striving to empower partners and communities in their efforts to nourish the world responsibly and sustainably.

Make an Enquiry @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=27777113

Contact:

Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/epoxidized-soybean-oil.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/epoxidized-soybean-oil-market.asp

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.