Epoxidized Soybean Oil Market by Raw Material (Soybean Oil, Hydrogen Peroxide), Application (Plasticizers, UV Cure Applications, Others), End-use Industry (Foods & Beverages, Adhesives & Sealants, Automotives) & Region - Global Forecast to 2031

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USD 0.72 BN
MARKET SIZE, 2031
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CAGR 5.7%
(2026-2031)
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350
REPORT PAGES
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500
MARKET TABLES

OVERVIEW

epoxidized-soybean-oil-market Overview

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

The epoxidized soybean oil market is projected to reach USD 0.72 billion by 2031 from USD 0.55 billion in 2026, at a CAGR of 5.7% from 2026 to 2031. Rising demand for eco-friendly and biocompatible plasticizers, the easy availability of low-cost ESBO, its superior performance, and growing preference for phthalate-free stabilizers in PVC applications drive market growth.

KEY TAKEAWAYS

  • By Region
    Asia Pacific accounted for the major market share of 47.9% in 2025.
  • By Raw Material
    By raw material, the soybean oil segment accounted for the largest market share of 84.9% in 2025.
  • By Application
    By application, the UV cure segment is projected to register the highest CAGR of 8.7% during the period.
  • By End-use Industry
    By end-use industry, the others segment (polymer and agriculture) accounted for the largest market share of 31.7% in 2025.
  • Competitive Landscape - Key Players
    CHS Inc. (US), Nan Ya Plastics Corporation (Taiwan), Adeka Corporation (Japan), Cargill (US), Valtris (US), and Galata Chemicals LLC (US) were identified as key players in the epoxidized soybean oil market (global), given their strong market share and product footprint.
  • Competitive Landscape - Startups/SMEs
    The Chemical Company (US), Hallstar (US), Ajay Poly Pvt. Ltd. (India), and Vizag Chemical (India) have distinguished themselves among startups and SMEs by securing strong footholds in specialized niche areas, underscoring their potential as emerging market leaders.

Global demand for epoxidized soybean oil (ESBO) is rising due to stricter regulations limiting phthalate plasticizers, growing preference for bio-based and non-toxic alternatives, and strong growth in PVC applications across food packaging, medical devices, automotive, and adhesives. Its dual role as a plasticizer and stabilizer, combined with competitive pricing and abundant soybean feedstock, further supports adoption worldwide.

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS

With sustainability requirements and end-use demands, the ESBO market is moving from commodity secondary plasticizers to higher-value, phthalate-free and regulatory-compliant bio-based grades. Application-specific formulations are being developed for food packaging, medical devices, adhesives, and automotive parts, among others. The innovation can be used to benefit the value of the clients in various industries through safe food-contact materials, biocompatible healthcare products, lower-VOC eco-friendly bonds and more durable, low-emission vehicle parts.

epoxidized-soybean-oil-market Disruptions

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

MARKET DYNAMICS

Drivers
Impact
Level
  • Easy availability of ESBO in large volumes and at low prices – competitive advantage over other bio-based oils
  • Rising demand for eco-friendly plasticizers
RESTRAINTS
Impact
Level
  • Fluctuating raw material prices
  • Hazardous to health due to excess usage of ESBO in food & beverage industry
OPPORTUNITIES
Impact
Level
  • Growing prominence of phthalate-free stabilizers providing opportunities for ESBO producers in PVC applications
CHALLENGES
Impact
Level
  • Competition from other bio-based plasticizers

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Driver: Easy availability of ESBO in large volumes and at low prices – competitive advantage over other bio-based oils

Epoxidized soybean oil takes advantage of the world's abundance of soybean oil, the most widely produced vegetable oil in the world. The availability of the feedstock is guaranteed by major soybean-producing regions, particularly the US, Brazil, and Argentina, which provide a stable and large-volume supply. It enables manufacturers to access ESBO at competitive and low prices, in comparison to other bio-based plasticizers that are produced from less abundant oils, like linseed, castor or specialty plant oils. The existing crushing and refining facilities also ensure smooth production and delivery. This means that ESBO can be supplied at a price that is favorable to the PVC high-volume applications, where cost sensitivity is significant. The cost and volume benefit has allowed ESBO to be one of the most commercially successful bio-based plasticizers and has led to its use in a wide range of applications, including in food packaging, automotive, and industrial applications, at an economic price point in comparison to phthalates and newer, more expensive green alternatives.

Restraint: Fluctuating raw material prices

The main raw material used for ESBO is soybean oil, whose price depends on weather conditions, production, geopolitical events, and the competition from the food and biodiesel industries. Higher soybean oil prices can cause a tremendous increase in production costs for ESBO manufacturers, which can lead to lower margins and price competitiveness. Downstream PVC compounders also struggle with volatility, as it affects their formulation planning and long-term contracts. Some users may opt for different plasticizers or reduce their usage when feedstock prices are high. Additionally, if hydrogen peroxide is a key ingredient in the epoxidation process, its price can also fluctuate. The overlapping nature of these cost pressures makes it challenging for producers to maintain stable prices and achieve profitability, especially in competitive markets where customers are highly sensitive to price changes.

Opportunity: Growing prominence of phthalate-free stabilizers providing opportunities for ESBO producers in PVC applications

The use of phthalate plasticisers in PVC has been declining due to regulatory pressure and consumer demand for safer materials. ESBO is a suitable material to take advantage of this trend since it can be used as a plasticizer as well as a second heat stabiliser. It contains epoxy groups which absorb hydrochloric acid generated during the PVC processing and aging, making it more thermally stable. This bi-functional property decreases the need to use two additives and helps in the formulation of cleaner products. Demand is especially robust in the food-contact packaging, medical device, toys and consumer goods sectors where non-toxicity and regulatory compliance (FDA, REACH, etc.) are important. ESBO manufacturers can gain share of the market by providing high-purity, application-specific grades as more brands and manufacturers embrace phthalate-free products. This opens the door to premium prices, long-term contracts, and product differentiation with certified sustainable or food-grade products.

Challenge: Competition from other bio-based plasticizers

ESBO is competitive, but other bio-based plasticizers, particularly epoxidized linseed oil, citrate and succinate esters, and newer vegetable-oil derivatives, are gaining ground. Certain alternatives provide enhanced low-temperature flexibility, reduced migration or compatibility in particular formulations. Some of them also sell higher sustainability claims or some special performance features which are suitable for niche applications. Furthermore, ongoing developments in bio-based chemistry are bringing more players into the game that may capture ESBO's market if they can be as competitive as ESBO in terms of price and performance. To remain competitive, ESBO producers must invest in product improvement, technical support, and application development. They should emphasize ESBO's proven performance, regulatory acceptance, and cost advantages. Failing to differentiate these aspects may hinder growth in the rapidly evolving green plasticizer market.

EPOXIDIZED SOYBEAN OIL MARKET: COMMERCIAL USE CASES ACROSS INDUSTRIES

COMPANY USE CASE DESCRIPTION BENEFITS
company logo
The company developed a bio-based plasticizer derived from vegetable oils (including soybean oil) for halogen-containing polymers such as PVC. The patented technology produces vicinally diacylated fatty acid esters as a sustainable alternative to conventional plasticizers. Provides a renewable, bio-based plasticizer option with improved compatibility and performance in PVC formulations; reduces reliance on petroleum-based plasticizers while maintaining or enhancing material properties.
company logo
High-performance epoxidized soybean oil (Vikoflex 7170) used as a dual-function plasticizer and heat/light stabilizer in flexible, semi-flexible, and rigid PVC compounds. Applied across floor coverings, coated fabrics (automotive & furniture), wire & cable, plastisols, extrusions, foams, and pigment dispersions. Delivers efficient heat & light stabilization, low volatility, high detergent/oil/gas resistance, improved processing speed, excellent pigment wetting, and superior compatibility; acts as a polymeric plasticizer that reduces migration, extraction, and exudation while lowering formulation costs.

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET ECOSYSTEM

The ESBO market ecosystem has three key layers. Soybean oil is supplied by raw material companies like ADM, Bunge, BASF, and AkzoNobel, along with chemical raw materials needed for processing. These are processed into high-quality plasticizers and stabilizers by specialized ESBO manufacturers such as CHS, Cargill, Galata Chemicals, Valtris, Adeka, Nan Ya, and Hairma Group. The final product is then provided to prominent end users like PepsiCo, Coca-Cola, Hindustan Unilever, and Kraft Heinz. This value chain is linked to enable a transition to safer, bio-based, and regulatory compliant solutions worldwide.

epoxidized-soybean-oil-market Ecosystem

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET SEGMENTS

epoxidized-soybean-oil-market Segments

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Epoxidized Soybean Oil Market, By Raw Material

The soybean oil segment is the largest raw material segment in the ESBO market, as this oil is the direct raw material used for the production of ESBO and has been readily available in the industry. The carbon–carbon double bonds in soybean oil are epoxidized to create ESBO, which contains unsaturated fatty acids that have been oxidized into oxirane groups that serve as plasticizing and stabilizing functionality. Because of the relative unsaturation, the soybean oil is well suited for introducing the epoxy functionality into the product, while maintaining the long-chain fatty-acid structure necessary for compatibility with the polymer systems. Moreover, soybean oil is readily available because of the large-scale soybean processing industry around the world. According to data from the USDA, global soybean-oil production has stood at 61.29 million metric tons (10-year average), representing a 36% increase over the 10-year period. China, the US, Brazil, and Argentina are the leading producers. Soybean oil is the preferred raw material for ESBO due to its abundance, existing crushing/refining facilities, fatty-acid profile, and proven ability to convert it.

Epoxidized Soybean Oil Market, By Application

Plasticizers are the major application for ESBO due to the fact that ESBO offers both plasticization and secondary thermal-stabilization functionality, especially in PVC formulations. ESBO works with PVC, improves flexibility and will also react with any hydrogen chloride released during PVC degradation, thereby aiding the protection of the polymer during processing & service. According to the American Chemical Society, ESBO is a secondary plasticizer and co-thermal stabilizer used as an ingredient in flexible, semi-rigid, and rigid PVC products. This dual activity makes ESBO different from many traditional plasticizers, which have only been used to add flexibility. In addition, ESBO also has low volatility and low diffusion in polymer matrices, which makes it suitable for application when migration of plasticizers is a critical factor. It's used in PVC films, packaging, flooring, wires and cables, toys and health-care products. This research, which is referenced by the US EPA, has also shown ESBO's compatibility with PVC and the ability to substitute for petroleum-based plasticizers while enhancing thermal stability and migration resistance. The popularity of bio-based and less-toxic substitutes to conventional phthalate plasticizers are additional driver for the uptake of ESBO. Therefore, plasticizers are the prevailing application segment due to their plasticization efficiency, thermal stability, and compatibility with PVC and renewability of feedstock.

Epoxidized Soybean Oil Market, By End-use Industry

The others segment includes the polymer and agriculture industries and represents the biggest end-use industry segment for ESBO, due to the fact that ESBO is used not only in traditional PVC plasticizer applications, but also in polymer modification and agriculture. In polymers, ESBO can be used as a bio-based plasticizer, processing aid or stabilizing agent in various polymer systems or as a reactive modifier. ESBO has been documented to be used in PVC composites that enhance processing behavior and several thermomechanical properties. Soybean-oil-derived materials are also known from the broader scientific literature to be potential components of bioplastics and other biopolymers. A second demand is from agriculture, as epoxidized vegetable oils can be used in formulation applications that demand renewable, functional organic materials, and soybean-based chemistry offers a scalable feedstock platform. Another big factor for this expanded application is the availability of the soybean oil feedstock itself: USDA estimated a world soybean-oil supply of 68.57 million metric tons in 2024/25, offering a large supply base for value-added products. This means that the segment gets all the advantages of ESBO chemical versatility, bio-based origin, and compatibility with polymer formulations, as well as being open to the expansion of soybean-oil derivatives into specialty agricultural formulations.

REGION

Asia Pacific to be largest region in global epoxidized soybean oil market during forecast period

Asia Pacific is the largest regional market for ESBO as it has a large base of polymer-processing plants, extensive PVC manufacturing, availability of significant soybean-oil inventories, and growing industrialization. China is also a key player in the region's ESBO ecosystem: USDA data indicate that China's soybean production for marketing year 2025 was around 21.8 million metric tons, the largest among individual countries, and that production of soybean oil and the market demand for oil both continue to rise. Asia also has a significant manufacturing and downstream processing base other than the feedstock. Asia's GDP continues to expand and manufacturing activity has been robust, especially in Central and Southern Asia, according to UN data. Rapid urban development also drives the demand for PVC products used in construction, cables, polymer applications in flooring, etc. UN data show especially strong growth of built-up urban areas in Eastern and Southeastern Asia. All these factors contribute to the leading consumption base in ESBO in Asia Pacific.

epoxidized-soybean-oil-market Region

EPOXIDIZED SOYBEAN OIL MARKET: COMPANY EVALUATION MATRIX

Addeka Corporation (Star) holds a prominent position among key players in the epoxidized soybean oil sector. Its business is embedded within its broader polymer-additives and PVC-stabilizer strategy, where it leverages Japanese R&D, a diversified specialty-chemicals portfolio, and a strong Asia-focused customer base to remain a top global player. Guangzhou Xinjinlong Chemical Additives Co., Ltd. (Emerging Leader) strengthens its competitive position within the epoxidized soybean oil sector and is emerging as a cost-competitive, China-centric ESBO supplier that focuses on volume, local PVC demand, and incremental product development to gain share in a fast-growing regional market.

epoxidized-soybean-oil-market Evaluation Metrics

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

KEY MARKET PLAYERS

MARKET SCOPE

REPORT METRIC DETAILS
Market Size in 2025 (Value) USD 0.50 Billion
Market Size in 2026 (Value) USD 0.55 Billion
Market Forecast in 2031 (Value) USD 0.72 Billion
Growth Rate CAGR of 5.7% from 2026 to 2031
Years Considered 2022–2031
Base Year 2025
Forecast Period 2026–2031
Units Considered Value (USD Million/Billion), Volume (Kiloton)
Report Coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments Covered
  • By Raw Material:
    • Soybean Oil
    • Hydrogen Peroxide
    • Other Raw Materials
  • By Application:
    • Plasticizers
    • Pigment Dispersion Agents
    • Flavors & Fragrances
    • Functional Fluids
    • UV Cure Applications
    • Fuel Additives
    • Other Applications
  • By End-use industry:
    • Food & Beverages
    • Personal & Healthcare
    • Adhesives & Sealants
    • Automotive & Transportation
    • Other End-use Industries
Regions Covered North America, Asia Pacific, Europe, South America, Middle East & Africa

WHAT IS IN IT FOR YOU: EPOXIDIZED SOYBEAN OIL MARKET REPORT CONTENT GUIDE

epoxidized-soybean-oil-market Content Guide

DELIVERED CUSTOMIZATIONS

We have successfully delivered the following deep-dive customizations:

CLIENT REQUEST CUSTOMIZATION DELIVERED VALUE ADDS
Epoxidized Soybean Oil Market – Key Manufacturers Analysis Detailed specific analysis of the epoxidized soybean oil market with a dedicated focus on local manufacturing capabilities, competitive landscape, and identification of key manufacturers producing epoxidized soybean oil
  • Identify key domestic epoxidized soybean oil manufacturers and assess their product capabilities
  • Evaluate local production capacity offered
  • Benchmark manufacturers based on product portfolio, manufacturing capabilities, applications, and market presence
  • Identify potential suppliers and sourcing opportunities within the region
  • Assess competitive gaps and whitespace across epoxidized soybean oil applications
  • Support supplier selection, partnerships, and market-entry decisions with specific competitive intelligence
CLIENT REQUEST | CUSTOMIZATION DELIVERED | VALUE ADDS | | | |    
Deeper analysis of high-growth end-use industries | Detailed demand breakdown for semiconductor, healthcare, metal fabrication, and environmental monitoring sectors | Consumption pattern analysis across industries | Purity requirement mapping for specialt    
Assessment of competitive positioning in specialty gas mixtures | Benchmarking of key players based on blending capabilities, purity levels, distribution models, and technology integration | Comparative analysis of product portfolios and certification cap    

RECENT DEVELOPMENTS

  • August 2022 : New York-based private investment firm SK Capital Partners successfully concluded the acquisition of Valtris Specialty Chemicals from H.I.G. Capital.
  • September 2021 : Cargill completed the acquisition of Arkema's epoxides business in response to the increasing demand for bio-based solutions in the plasticizers and polyols market.

Table of Contents

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TITLE
PAGE NO
1
INTRODUCTION
 
 
 
15
2
EXECUTIVE SUMMARY
 
 
 
 
3
PREMIUM INSIGHTS
 
 
 
 
4
MARKET OVERVIEW
Outlines emerging trends, technology impact, and regulatory signals affecting growth trajectory and stakeholder decisions.
 
 
 
 
 
4.1
INTRODUCTION
 
 
 
 
4.2
MARKET DYNAMICS
 
 
 
 
 
4.2.1
DRIVERS
 
 
 
 
4.2.2
RESTRAINTS
 
 
 
 
4.2.3
OPPORTUNITIES
 
 
 
 
4.2.4
CHALLENGES
 
 
 
4.3
UNMET NEEDS AND WHITE SPACES
 
 
 
 
4.4
INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES
 
 
 
 
4.5
STRATEGIC MOVES BY TIER-1/2/3 PLAYERS
 
 
 
5
INDUSTRY TRENDS
Provides a snapshot of current market scenario, value chain context, and factors impacting competitive intensity.
 
 
 
 
 
5.1
PORTER’S FIVE FORCES ANALYSIS
 
 
 
 
 
5.1.1
THREAT OF NEW ENTRANTS
 
 
 
 
5.1.2
THREAT OF SUBSTITUTES
 
 
 
 
5.1.3
BARGAINING POWER OF SUPPLIERS
 
 
 
 
5.1.4
BARGAINING POWER OF BUYERS
 
 
 
 
5.1.5
INTENSITY OF COMPETITION RIVALRY
 
 
 
5.2
MACRO-ECONOMIC OUTLOOK
 
 
 
 
 
5.2.1
INTRODUCTION
 
 
 
 
5.2.2
GDP TRENDS AND FORECAST
 
 
 
5.3
VALUE CHAIN ANALYSIS
 
 
 
 
 
5.4
ECOSYSTEM ANALYSIS
 
 
 
 
 
5.5
PRICING ANALYSIS
 
 
 
 
 
 
5.5.1
AVERAGE SELLING PRICE TREND OF EPOXIDIZED SOYBEAN OIL, BY REGION (2022–2025)
 
 
 
 
5.5.2
AVERAGE SELLING PRICE OF EPOXIDIZED SOYBEAN OIL, BY KEY PLAYER (2025)
 
 
 
5.6
TRADE ANALYSIS
 
 
 
 
 
5.7
KEY CONFERENCES AND EVENTS, 2026–2027
 
 
 
 
5.8
TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
 
 
 
 
5.9
INVESTMENT AND FUNDING SCENARIO
 
 
 
 
5.10
CASE STUDY ANALYSIS
 
 
 
 
5.11
IMPACT OF 2025 US TARIFF - EPOXIDIZED SOYBEAN OIL MARKET
 
 
 
 
 
 
5.11.1
INTRODUCTION
 
 
 
 
5.11.2
KEY TARIFF RATES
 
 
 
 
5.11.3
PRICE IMPACT ANALYSIS
 
 
 
 
5.11.4
IMPACT ON COUNTRIES/REGIONS
 
 
 
 
 
5.11.4.1
US
 
 
 
 
5.11.4.2
EUROPE
 
 
 
 
5.11.4.3
ASIA PACIFIC
 
 
 
5.11.1
IMPACT ON END USERS
 
 
6
TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACT, PATENTS, INNOVATIONS, AND FUTURE APPLICATIONS
 
 
 
 
 
6.1
KEY EMERGING TECHNOLOGIES
 
 
 
 
6.2
COMPLEMENTARY TECHNOLOGIES
 
 
 
 
6.3
TECHNOLOGY/PRODUCT ROADMAP
 
 
 
 
6.4
PATENT ANALYSIS
 
 
 
 
 
6.5
FUTURE APPLICATIONS
 
 
 
 
6.6
IMPACT OF AI/GEN AI ON EPOXIDIZED SOYBEAN OIL MARKET
 
 
 
 
 
 
6.6.1
TOP USE CASES AND MARKET POTENTIAL
 
 
 
 
6.6.2
BEST PRACTICES IN EPOXIDIZED SOYBEAN OIL
 
 
 
 
6.6.3
CASE STUDIES OF AI IMPLEMENTATION IN EPOXIDIZED SOYBEAN OIL MARKET
 
 
 
 
6.6.4
INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS
 
 
 
 
6.6.5
CLIENTS’ READINESS TO ADOPT GENERATIVE AI IN EPOXIDIZED SOYBEAN OIL MARKET
 
 
 
6.7
SUCCESS STORIES AND REAL-WORLD APPLICATIONS
 
 
 
7
REGULATORY LANDSCAPE AND SUSTAINABILITY INITIATIVES
 
 
 
 
 
7.1
REGIONAL REGULATIONS AND COMPLIANCE
 
 
 
 
 
7.1.1
REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
7.1.2
INDUSTRY STANDARDS
 
 
 
7.2
SUSTAINABILITY INITIATIVES
 
 
 
 
7.3
IMPACT OF REGULATORY POLICIES ON SUSTAINABILITY INITIATIVES
 
 
 
8
CUSTOMER LANDSCAPE AND BUYER BEHAVIOR
 
 
 
 
 
8.1
DECISION-MAKING PROCESS
 
 
 
 
8.2
KEY STAKEHOLDERS INVOLVED IN BUYING PROCESS AND THEIR EVALUATION CRITERIA
 
 
 
 
 
8.2.1
KEY STAKEHOLDERS IN BUYING PROCESS
 
 
 
 
8.2.2
BUYING CRITERIA
 
 
 
8.3
ADOPTION BARRIERS AND INTERNAL CHALLENGES
 
 
 
 
8.4
UNMET NEEDS OF VARIOUS END-USE INDUSTRIES
 
 
 
 
8.5
MARKET PROFITABILITY
 
 
 
9
EPOXIDIZED SOYBEAN OIL MARKET, BY RAW MATERIAL – (MARKET SIZE & FORECAST TO 2031 – IN VALUE, USD MILLION & IN VOLUME, KILOTON)
 
 
 
 
 
9.1
INTRODUCTION
 
 
 
 
9.2
SOYBEAN OIL
 
 
 
 
9.3
HYDROGEN PEROXIDE
 
 
 
 
9.4
OTHER RAW MATERIALS
 
 
 
10
EPOXIDIZED SOYBEAN OIL MARKET, BY APPLICATION – (MARKET SIZE & FORECAST TO 2031– IN VALUE, USD MILLION & IN VOLUME, KILOTON)
 
 
 
 
 
10.1
INTRODUCTION
 
 
 
 
10.2
PLASTICIZERS
 
 
 
 
10.3
PIGMENT DISPERSION AGENTS
 
 
 
 
10.4
FLAVORS & FRAGRANCES
 
 
 
 
10.5
FUNCTIONAL FLUIDS
 
 
 
 
10.6
UV CURE APPLICATIONS
 
 
 
 
10.7
FUEL ADDITIVES
 
 
 
 
10.8
OTHER APPLICATIONS
 
 
 
11
EPOXIDIZED SOYBEAN OIL MARKET, BY END-USE INDUSTRY – (MARKET SIZE & FORECAST TO 2031 – IN VALUE, USD MILLION & IN VOLUME, KILOTON)
 
 
 
 
 
11.1
INTRODUCTION
 
 
 
 
11.2
FOOD & BEVERAGES
 
 
 
 
11.3
PERSONAL & HEALTHCARE
 
 
 
 
11.4
ADHESIVES & SEALANTS
 
 
 
 
11.5
AUTOMOTIVE & TRANSPORTATION
 
 
 
 
11.6
OTHER END-USE INDUSTRIES
 
 
 
12
EPOXIDIZED SOYBEAN OIL MARKET, BY REGION – (MARKET SIZE & FORECAST TO 2031 – IN VALUE, USD MILLION & IN VOLUME, KILOTON)
 
 
 
 
 
12.1
INTRODUCTION
 
 
 
 
12.2
NORTH AMERICA
 
 
 
 
 
12.2.1
US
 
 
 
 
12.2.2
CANADA
 
 
 
 
12.2.3
MEXICO
 
 
 
12.3
ASIA PACIFIC
 
 
 
 
 
12.3.1
CHINA
 
 
 
 
12.3.2
INDIA
 
 
 
 
12.3.3
JAPAN
 
 
 
 
12.3.4
SOUTH KOREA
 
 
 
 
12.3.5
INDONESIA
 
 
 
 
12.3.6
REST OF ASIA PACIFIC
 
 
 
12.4
EUROPE
 
 
 
 
 
12.4.1
GERMANY
 
 
 
 
12.4.2
FRANCE
 
 
 
 
12.4.3
ITALY
 
 
 
 
12.4.4
UK
 
 
 
 
12.4.5
RUSSIA
 
 
 
 
12.4.6
REST OF EUROPE
 
 
 
12.5
SOUTH AMERICA
 
 
 
 
 
12.5.1
BRAZIL
 
 
 
 
12.5.2
ARGENTINA
 
 
 
 
12.5.3
REST OF SOUTH AMERICA
 
 
 
12.6
MIDDLE EAST & AFRICA
 
 
 
 
 
12.6.1
GCC COUNTRIES
 
 
 
 
 
12.6.1.1
SAUDI ARABIA
 
 
 
 
12.6.1.2
UAE
 
 
 
 
12.6.1.3
REST OF GCC COUNTRIES
 
 
 
12.6.2
SOUTH AFRICA
 
 
 
 
12.6.3
REST OF MIDDLE EAST & AFRICA
 
 
13
COMPETITIVE LANDSCAPE
 
 
 
 
 
13.1
OVERVIEW
 
 
 
 
13.2
KEY PLAYER COMPETITIVE STRATEGIES/RIGHT TO WIN, 2021–AUGUST
 
 
 
 
 
13.2.1
COMPETITIVE STRATEGIES INITIATIVES
 
 
 
13.3
MARKET SHARE ANALYSIS,
 
 
 
 
 
 
13.3.1
MARKET RANKING
 
 
 
13.4
REVENUE ANALYSIS, 2021–2025
 
 
 
 
 
13.5
BRAND/PRODUCT COMPARISON
 
 
 
 
 
13.6
COMPANY EVALUATION MATRIX: KEY PLAYERS,
 
 
 
 
 
 
13.6.1
STARS
 
 
 
 
13.6.2
EMERGING LEADERS
 
 
 
 
13.6.3
PERVASIVE PLAYERS
 
 
 
 
13.6.4
PARTICIPANTS
 
 
 
 
13.6.5
COMPANY FOOTPRINT: KEY PLAYERS,
 
 
 
 
 
13.6.5.1
COMPANY FOOTPRINT
 
 
 
 
13.6.5.2
REGION FOOTPRINT
 
 
 
 
13.6.5.3
RAW MATERIAL FOOTPRINT
 
 
 
 
13.6.5.4
APPLICATION FOOTPRINT
 
 
 
 
13.6.5.5
END-USE INDUSTRY FOOTPRINT
 
 
13.7
COMPANY EVALUATION MATRIX: STARTUPS/SMES,
 
 
 
 
 
 
13.7.1
PROGRESSIVE COMPANIES
 
 
 
 
13.7.2
RESPONSIVE COMPANIES
 
 
 
 
13.7.3
DYNAMIC COMPANIES
 
 
 
 
13.7.4
STARTING BLOCKS
 
 
 
 
13.7.5
COMPETITIVE BENCHMARKING: STARTUPS/SMES,
 
 
 
 
 
13.7.5.1
DETAILED LIST OF KEY STARTUPS/SMES
 
 
 
 
13.7.5.2
COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
 
 
13.8
COMPANY VALUATION AND FINANCIAL METRICS
 
 
 
 
13.9
COMPETITIVE SCENARIO
 
 
 
 
 
13.9.1
PRODUCT LAUNCHES
 
 
 
 
13.9.2
DEALS
 
 
 
 
13.9.3
EXPANSIONS
 
 
 
 
13.9.4
OTHER DEVELOPMENTS
 
 
14
COMPANY PROFILES
 
 
 
 
 
14.1
CHS INC.
 
 
 
 
 
14.1.1
BUSINESS OVERVIEW
 
 
 
 
14.1.2
PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
14.1.3
RECENT DEVELOPMENTS
 
 
 
 
14.1.4
MNM VIEW
 
 
 
 
 
14.1.4.1
KEY STRENGTHS
 
 
 
 
14.1.4.2
STRATEGIC CHOICES
 
 
 
 
14.1.4.3
WEAKNESSES AND COMPETITIVE THREATS
 
 
14.2
NAN YA PLASTICS CORPORATION
 
 
 
 
 
14.2.1
BUSINESS OVERVIEW
 
 
 
 
14.2.2
PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
14.2.3
RECENT DEVELOPMENTS
 
 
 
 
14.2.4
MNM VIEW
 
 
 
 
 
14.2.4.1
KEY STRENGTHS
 
 
 
 
14.2.4.2
STRATEGIC CHOICES
 
 
 
 
14.2.4.3
WEAKNESSES AND COMPETITIVE THREATS
 
 
14.3
ADEKA CORPORATION
 
 
 
 
 
14.3.1
BUSINESS OVERVIEW
 
 
 
 
14.3.2
PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
14.3.3
RECENT DEVELOPMENTS
 
 
 
 
14.3.4
MNM VIEW
 
 
 
 
 
14.3.4.1
KEY STRENGTHS
 
 
 
 
14.3.4.2
STRATEGIC CHOICES
 
 
 
 
14.3.4.3
WEAKNESSES AND COMPETITIVE THREATS
 
 
14.4
CARGILL
 
 
 
 
 
14.4.1
BUSINESS OVERVIEW
 
 
 
 
14.4.2
PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
14.4.3
RECENT DEVELOPMENTS
 
 
 
 
14.4.4
MNM VIEW
 
 
 
 
 
14.4.4.1
KEY STRENGTHS
 
 
 
 
14.4.4.2
STRATEGIC CHOICES
 
 
 
 
14.4.4.3
WEAKNESSES AND COMPETITIVE THREATS
 
 
14.5
VALTRIS
 
 
 
 
 
14.5.1
BUSINESS OVERVIEW
 
 
 
 
14.5.2
PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
14.5.3
RECENT DEVELOPMENTS
 
 
 
 
14.5.4
MNM VIEW
 
 
 
 
 
14.5.4.1
KEY STRENGTHS
 
 
 
 
14.5.4.2
STRATEGIC CHOICES
 
 
 
 
14.5.4.3
WEAKNESSES AND COMPETITIVE THREATS
 
 
14.6
GALATA CHEMICALS LLC
 
 
 
 
14.7
SHANDONG LONGKOU LONGDA CHEMICAL INDUSTRY CO., LTD.
 
 
 
 
14.8
HAIRMA CHEMICALS (GZ) LTD.
 
 
 
 
14.9
GUANGZHOU XINJINLONG CHEMICAL ADDITIVES CO., LTD.
 
 
 
 
14.10
INBRA INDÚSTRIAS QUÍMICAS, LTDA.
 
 
 
 
14.11
OTHERS (10–15 PLAYERS)
 
 
 
15
APPENDIX
 
 
 
 
 
15.1
DISCUSSION GUIDE
 
 
 
 
15.2
CUSTOMIZATION OPTIONS
 
 
 
 
15.3
CONNECTED MARKETS
 
 
 
 
15.4
AUTHOR DETAILS
 
 
 
16
RESEARCH METHODOLOGY
 
 
 
 
 
16.1
RESEARCH DATA
 
 
 
 
 
16.1.1
SECONDARY DATA
 
 
 
 
 
16.1.1.1
KEY DATA FROM SECONDARY SOURCES
 
 
 
16.1.2
PRIMARY DATA
 
 
 
 
 
16.1.2.1
KEY DATA FROM PRIMARY SOURCES
 
 
 
 
16.1.2.2
KEY INDUSTRY INSIGHTS
 
 
 
 
16.1.2.3
BREAKDOWN OF PRIMARY INTERVIEWS
 
 
16.2
MARKET SIZE ESTIMATION
 
 
 
 
 
16.2.1
BOTTOM-UP APPROACH
 
 
 
 
 
16.2.1.1
APPROACH FOR CAPTURING MARKET SHARE BY BOTTOM-UP ANALYSIS (DEMAND SIDE)
 
 
 
16.2.2
TOP-DOWN APPROACH
 
 
 
 
 
16.2.2.1
APPROACH FOR CAPTURING MARKET SHARE BY TOP-DOWN ANALYSIS (SUPPLY SIDE)
 
 
16.3
MARKET BREAKDOWN AND DATA TRIANGULATION
 
 
 
 
16.4
RESEARCH ASSUMPTIONS
 
 
 
 
16.5
RISK ASSESSMENT
 
 
 
 
16.6
RESEARCH LIMITATIONS
 
 
 

Methodology

This study involved four major activities to estimate the current size of the epoxidized soybean oil market. Exhaustive secondary research was carried out to collect information on the market, the peer product market, and the parent product group market. The next step involved validating these findings, assumptions, and sizes with industry experts across the value chain of epoxidized soybean oil through primary research. The top-down and bottom-up approaches were employed to estimate the overall size of the epoxidized soybean oil market. After that, market breakdown and data triangulation procedures were used to determine the size of different segments of the market.

Secondary Research

The market for companies offering epoxidized soybean oil was determined by studying the secondary data available through paid and unpaid sources, analyzing the product portfolios of the major companies in the ecosystem, and rating the companies by their performance and quality. Various secondary sources, such as Business Standard, Bloomberg, World Bank, and Factiva, were referred to to identify and collect information for this study. Secondary sources also included annual reports, press releases, investor presentations, epoxidized soybean oil vendors, forums, certified publications, and white papers. The secondary research was used to obtain critical information on the industry’s value chain, the total pool of key players, market classification, and segmentation from the market and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from several key companies and organizations operating in the epoxidized soybean oil market. After the complete market engineering (calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. Primary research was also conducted to identify the segmentation types, industry trends, competitive landscape of epoxidized soybean oil offered by various market players, and key market dynamics, such as drivers, restraints, opportunities, challenges, industry trends, and key player strategies. In the complete market engineering process, the top-down and bottom-up approaches and several data triangulation methods were extensively used to perform the market estimation and market forecasting for the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analysis was performed on the complete market engineering process to list the key information/insights throughout the report.

 The following is the breakdown of primary respondents:

Epoxidized Soybean Oil Market 
 Size, and Share

Note: Tier 1: >USD 1 billion; Tier 2: USD 500 million–1 billion; and Tier 3: <USD 500 million. Other designations include sales, marketing, and product managers.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The top-down and bottom-up approaches were used to estimate and validate the size of the epoxidized soybean oil market. These approaches were also used extensively to estimate the size of various dependent market segments.

The research methodology used to estimate the market size included the following approaches:

Epoxidized Soybean Oil Market Top Down and Bottom Up Approach

Data Triangulation

After arriving at the overall market size using the market size estimation processes, the market was split into several segments and subsegments. The data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data were triangulated by studying various factors and trends from both the demand and supply sides.

Market Definition

Epoxidized Soybean Oil (ESBO), also known as ESBO or ESO, is a group of organic compounds derived through the epoxidation of soybean oil. This yellow, viscous fluid serves a dual purpose as a plasticizer and stabilizer in the production of Polyvinyl Chloride (PVC) plastic. The primary function of epoxidized soybean oil in PVC compounds and other plastic materials is to enhance and maintain their softness and flexibility. The production of epoxidized soybean oil involves the epoxidation of soybean oil, a process where hydrogen peroxide serves as an oxygen donor, and formic acid or acetic acid acts as a catalyst. This chemical transformation results in a versatile and eco-friendly product that finds widespread use in the plastics industry.

Key Stakeholders

  • Epoxidized Soybean Oil Manufacturers
  • Epoxidized Soybean Oil Suppliers
  • Industry Associations and Regulatory Bodies
  • Research & Development Entities
  • Raw Material Suppliers
  • End Users

Report Objectives

  • To define, describe, and forecast the size of the epoxidized soybean oil market based on raw material, application, end-use industry, and region in terms of value and volume
  • To provide detailed information on the significant drivers, restraints, opportunities, and challenges influencing the market growth
  • To analyze and forecast the market based on raw material, application, and end-use industry
  • To strategically analyze micro markets concerning individual growth trends, prospects, and their contribution to the market
  • To assess the growth opportunities in the market for stakeholders and provide details on the competitive landscape for market leaders
  • To forecast the market size of segments for North America, Europe, Asia Pacific, South America, and the Middle East & Africa
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To analyze competitive developments, such as expansions, product launches, partnerships, and acquisitions in the market
  • To assess the impact of AI on the epoxidized soybean oil market

Available customizations:

With the given market data, MarketsandMarkets offers customizations according to client-specific needs.

The following customization options are available for the epoxidized soybean oil report:

Product Analysis

  • A product matrix that gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • A further breakdown of the epoxidized soybean oil market for additional countries

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

 

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TESTIMONIALS

Growth opportunities and latent adjacency in Epoxidized Soybean Oil Market

avtar

praveen

Jun, 2021

Process for sharing report.

avtar

Chanakya

Nov, 2017

Information on Food Grade Label Glue market.

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