Global Epoxidized Soybean Oil
Market Report
2025
Global Epoxidized Soybean Oil market size was USD 461.2 million in 2022 and it is forecasted to reach USD 1,055.4 million by 2030. Epoxidized Soybean Oil Industry's Compound Annual Growth Rate will be 10.9% from 2023 to 2030.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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Global Epoxidized Soybean Oil market size was USD 461.2 million in 2022 and it is forecasted to reach USD 1,055.4 million by 2030. Epoxidized Soybean Oil Industry's Compound Annual Growth Rate will be 10.9% from 2023 to 2030.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Epoxidized Soybean Oil Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 10.9% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Raw Material |
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Market Split by Application |
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Market Split by End Use |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Epoxidized Soybean Oil Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Epoxidized soybean oil is the assembling of organic compounds produced by the epoxidation of the soybean oil. Epoxidized soybean oil is the outcome of the reaction (oxidation) of soybean oil with either formic acid or acetic acid and H2O2 (hydrogen peroxide). ESO has applications in plastic generally polyvinyl chloride (PVC) as a stabilizer and plasticizer. ESO is used to keep the brittle polymer of plastic soft and elastic. Soybean oil is one of the cheapest vegetable oils in the world. It is easily available, and environment friendly due to this it is used over phthalate plasticizers. Epoxidized soybean oil is used as industrial raw material for applications such as surfactants, fuel additives, agricultural molecules, coatings, sealants, and many more.
PVC is used in fittings and pipes, outer and inner cladding, flooring, artificial skin during burns, overshoes, sun visors, etc. PVC loses its stability at certain temperatures and degrades which causes loss of hydrochloric acid. For the stabilization of PVC, there are organic and inorganic stabilizers. Inorganic stabilizer use is restricted as it contains lead salts and metal soaps. As lead has strict regulations on it, the use of inorganic stabilizers is less which increases the demand for organic stabilizers like ESO which are environment friendly. Due to the brilliant properties of ESO, it retards the rise of the reduction in HCL content. Thus, the use of organic stabilizers for PVC is driving the market for epoxidized soybean oil.
ESO comes under bio-based oil which is one of the cheapest and easily accessible oils. Bio-based oil easily and naturally breaks down so it is biodegradable. Bio-based oil is used as feedstocks in various industries. Petroleum-specific industries such as personal care, automotive, food, pharmaceuticals, etc. now use bio-based oils as feedstock instead of petroleum-based. Government norms and changing prices of crude oil are the main factors that shift the demand of people towards bio-based oil products. As emulsified soybean oil is cheaper than other oils like rapeseed or linseed, the demand for ESO rises by various industries and therefore the ESO market is expanding.
Epoxidized soybean oil is used in making laminates for drink cartons and plastic coating for packaging food and hence ESO comes in contact with the food which can contaminate it and can have harmful effects. The maximum usage limit is decided for the product and hence the strict regulations on the usage of ESO can decline the market of Epoxidized soybean oil.
The outbreak of Covid-19 has witnessed a significant impact on the global epoxidized soybean oil market. The pandemic disrupted the global supply chain, including sourcing raw materials due to lockdown and transportation restrictions. There was uncertainty and reduced industrial activities in many sectors such as construction, automotive, and packaging. The fluctuating demand and reduced production capabilities of end-use industries had a direct impact on the ESO market. ESO, being a bio-based plasticizer, gained some traction due to its renewable and non-toxic nature. However, the overall impact on the market was limited due to the pandemic’s broader economic effects.
Post-pandemic the supply chain activities were resumed and all the activities related to operations took a boom as the demand for ESO by various construction, automotive, and pharmaceutical industries increased for the production of plasticizers and other products.
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Elekeiroz a leading company in plasticizers, sulfuric acid, and oxo-alcohols, is now a responsible company in entering into its next growth phase after partnering with Oswaldo Cruz Quimica, an important player in the chemical industry.
September 2021
Cargill will have power over the production process of changing soyabean oil to epoxides, and to produce bio-based polyols and plasticizers to develop a variety of products like tiles, furniture, and many more. Thus, Cargill will increase the use of soybean oil and provide a solution over petroleum-based products.
Top Companies Market Share in Epoxidized Soybean Oil Industry: (In no particular order of Rank)
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In 2022, the Asia Pacific region dominated the major market share in terms of revenue due to the increasing rate of industrialization in countries like China and India. Also, the increasing application of epoxidized soybean oil in various industries for adhesives, sealants, and plasticizers is increasing the ESO market in the region.
North America ESO Market is anticipated to grow rapidly during the forecast period due to the availability of major players and end users in the region. Additionally, the easy availability of soybean oil at a low cost is anticipated to grow the market in this region.
The current report Scope analyzes Epoxidized Soybean Oil Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Epoxidized Soybean Oil Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Epoxidized Soybean Oil Industry growth. Epoxidized Soybean Oil market has been segmented with the help of its Raw Material, Application End Use, and others. Epoxidized Soybean Oil market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
On the basis of raw material, the epoxidized soybean oil market is segmented into soybean oil, hydrogen peroxide, and others.
In 2022, the soybean oil segment dominated the market with the largest revenue share and is anticipated to retain its position in the forecast period. The major reason for the growth of this segment is the high use of soyabean oil for the preparation of epoxidized soybean oil which is used as a feedstock in various industries.
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Based on application, the market is bifurcated into pigment dispersion agents, plasticizers, fuel additives, UV cure applications, functional fluids, and others.
The Plasticizers segment was the leading segment in 2022. Rising application of plasticizers in sealants and adhesives, rubber, & paints. Plasticizers’ main purpose is to make rigid plastic, elastic and soft. They are also used for protection against UV light. Plasticizers are also used to make the mixture of cement concrete workable by maintaining its fluidity.
Functional fluid is anticipated to be the fastest-growing segment over the forecast period due to the surging use of functional fluids for sealing various parts, decreasing friction and corrosion, and generating heat for various components.
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On the basis of end-user, the market is segmented into pharmaceuticals, transportation & automotive, adhesives & sealants, foods & beverages, and others.
Adhesives and sealants dominated the market in 2022. As adhesives are sealants are used on a large scale to bond the parts and seal them. Adhesives and sealants are also used in the construction industry in areas of lamination of the countertop, joining cement, carpet adhesives, etc. Thus, various uses of adhesives and sealants are the factor for segmental growth.
The pharmaceutical segment is expected to witness robust growth over the forecast period due to the rising use of epoxidized soybean oil in the pharmaceutical industry.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Epoxidized Soybean Oil Market is witnessing significant growth in the near future.
In 2023, the Hydrogen Peroxide segment accounted for noticeable share of global Epoxidized Soybean Oil Market and is projected to experience significant growth in the near future.
The Functional Fluids segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Arkema SA , DOW Chemical Company and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Raw Material | Hydrogen Peroxide, Soybean Oil, Others |
Application | Functional Fluids, UV Cure Applications, Pigment Dispersion Agents, Fuel Additives, Plasticizers, Others |
End Use | Foods & Beverages, Transportation & Automotive, Adhesives & Sealants, Pharmaceuticals, Others |
List of Competitors | Arkema SA, Galata Chemicals Inc., DOW Chemical Company, Hairma Chemicals Ltd., Shandong LongkouLongda Chemical Industry Co. Ltd., Hebei Jingu Plasticizer Co. Ltd., Nan Ya Plastics Corporation, Shandong Novista Chemicals Co. Ltd., ShenzenKaiqi Chemical Co. Ltd, CHS Inc |
This chapter will help you gain GLOBAL Market Analysis of Epoxidized Soybean Oil. Further deep in this chapter, you will be able to review Global Epoxidized Soybean Oil Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Epoxidized Soybean Oil. Further deep in this chapter, you will be able to review North America Epoxidized Soybean Oil Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Epoxidized Soybean Oil. Further deep in this chapter, you will be able to review Europe Epoxidized Soybean Oil Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Epoxidized Soybean Oil. Further deep in this chapter, you will be able to review Asia Pacific Epoxidized Soybean Oil Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Epoxidized Soybean Oil. Further deep in this chapter, you will be able to review South America Epoxidized Soybean Oil Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Epoxidized Soybean Oil. Further deep in this chapter, you will be able to review Middle East and Africa Epoxidized Soybean Oil Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Epoxidized Soybean Oil. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Raw Material Analysis 2019 -2031, will provide market size split by Raw Material. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Raw Material Analysis 2021 - 2033
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Chapter 11 Market Split by Application Analysis 2021 - 2033
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Chapter 12 Market Split by End Use Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Epoxidized Soybean Oil market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Hydrogen Peroxide have a significant impact on Epoxidized Soybean Oil market? |
What are the key factors affecting the Hydrogen Peroxide and Soybean Oil of Epoxidized Soybean Oil Market? |
What is the CAGR/Growth Rate of Functional Fluids during the forecast period? |
By type, which segment accounted for largest share of the global Epoxidized Soybean Oil Market? |
Which region is expected to dominate the global Epoxidized Soybean Oil Market within the forecast period? |
Segmentation Level Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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