According to a new market report by Lucintel, the future of the epoxidized soybean oil market looks promising with opportunities in the plasticizers, pigment dispersion agent, flavors and fragrances, UV care, and fuel additives industries. The epoxidized soybean oil market is expected to grow with a CAGR of 11% from 2019 to 2024. The major drivers for this market are increasing adoption of organic stabilizers in polyvinyl chloride (PVC) stabilization process, growing demand for biocompatible lubricants, alternative for mineral oil based lubricant, and Competitive Advantage over the other bio-based oils.
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In this market, soybean oil and hydrogen peroxide are the major raw material of the epoxidized soybean oil market.
Within this market, plasticizer, pigment dispersion agent, flavor and fragrance, UV care, and fuel additive are the major applications of epoxidized soybean oil. Plasticizer will remain the largest application due to the increasing use of bio based materials to reduce the use phthalate in plasticizers.
North America will remain the largest region over the forecast period due to stringent environmental norms set by the U.S government and ease of accessibility of low cost raw materials.
Arkema, Dow Chemical Company, CHS, Ferro Corporation, Galata Chemicals, Hairma Chemicals (GZ), Shandong Longkou Longda Chemical Industry, Guangzhou Xinjinlong Chemical Additives, Inbra Indústrias Químicas, Makwell Plasticizers, Shenzen Kaiqi Chemical, and The Chemical Company are among the major manufacturers of epoxidized soybean oil
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the epoxidized soybean oil market by raw material, application, and region. Lucintel has prepared a comprehensive research report titled "Epoxidized Soybean Oil Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the epoxidized soybean oil market by raw material, application, and region as follows:
By Raw Material [$M shipment analysis for 2013 – 2024]:
Soybean Oil
Hydrogen Peroxide
Others (Formic Acid, Acetic Acid)
By Application [$M shipment analysis for 2013 – 2024]:
Plasticizers
Pigment Dispersion Agent
Flavors & Fragrances
UV Care Applications
Fuel Additives
Others
By Region [$M shipment analysis for 2013 – 2024]:
North America
Europe
Germany
Spain
France
United Kingdom
Russia
Asia Pacific
China
Japan
India
South Korea
Thailand
The Rest of the World
This 150-page research report wll enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/epoxidized-soybean-oil-market.aspx or helpdesk@lucintel.com.
About Lucintel
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