HOME › Research Insight › Ease of availability and growing demand of non-phthalate plasticizers in various industrial applications driving consumption of epoxidized soybean oil (ESBO)
Ease of availability and growing demand of non-phthalate plasticizers in various industrial applications driving consumption of epoxidized soybean oil (ESBO)
ESBO offers superior heat and light stability as well as high durability, flame resistivity, non-toxicity, and temperature resistance than other bio-based plasticizers (such as citrates, castor oil, and succinic acid). ESBO is a readily available in large volume and at low cost. It is environmental friendly and a biodegradable raw materials for plasticizers. In comparison with other bio plasticizers, ESBO based plasticizers are estimated to be available at a price range of USD 1.4- USD 1.7/MT during the forecast period.
These properties make ESBO a favorable raw material in various application, such as, plasticizers, UV cure applications, pigment dispersion agents, functional fluids, flavor & fragrances, fuel additives, and others.
ESBO is used as a substitute of phthalate plasticizers by manufacturers and suppliers for end-use industries due to its low cost, low volatility, and ability to stabilize the PVC plasticizers at varying temperature ranges.
ESBO has a large market in the plasticizers application segment. As the demand for high quality and flexible PVC compounds rises in various end-use industries such as food & beverage, healthcare & pharmaceuticals, and adhesives & sealants among others, the demand for ESBO in plasticizers application is growing. The price stability, ease of availability and its recyclable nature are the few factors responsible for the growth of ESBO in the plasticizers application segment.
In the food & beverage end-use industry, ESBO is used for product separation & cleaning, catalysts separation, dyes & pigments recovery, and cleaning & recovery processes. In healthcare & pharmaceuticals end-use industry, ESBO is used as process stabilizer and auxiliary plasticizer for PVC that is further used in blood containers, infusion tubes, medical appliances, drug packaging, and other medical products.
In adhesives & sealants end-use industry, ESBO is used in consumer applications such as refrigerator seals & strips, water pipes & fitting, calendaring and so on due to its ability to reduce toxicity, increase flexibility and stability of the adhesives & sealants materials.
The growing economies of Asia-Pacific and RoW and the growing demand of ESBO for producing environmental friendly and bio-based plasticizers in various application sectors are the major drivers of the global ESBO market.
Epoxidized Soybean Oil (ESBO) Market by Raw Material (Soybean Oil, Hydrogen Peroxide), by application (Plasticizers, UV Cure Applications, Pigment Dispersion agents, Functional Fluids, Flavour & Fragrance, Fuel Additives), by End-use Industry (Food & Beverages, Healthcare & Pharmaceuticals, Adhesives & Sealants), by region - Global Trends and Forecasts to 2020
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