Epoxidized Soybean Oil Market, By Raw Material, By Application, By End Use Industry, By Geography

Description

The global epoxidized soybean oil market is estimated to be valued at USD 1.2 Bn in 2024 and is expected to reach USD 1.6 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 1.2 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	4.20%	2031 Value Projection:	US$ 1.6 Bn

Figure 1. Epoxidized Soybean Oil Market Share (%), By Region, 2024

Epoxidized soybean oil (ESBO) is a bio-based compound derived from highly purified soybean oil, which undergoes an epoxidation process. ESBO contains reactive epoxide groups which make it suitable for use as a plasticizer in PVC formulations and as a stabilizer for polymers, pigments, and fragrances. It is a safer and environmentally-friendly alternative to phthalate plasticizers. ESBO possesses favorable properties like flexibility, non-toxicity, and heat and light resistance. The growing environmental consciousness and implementation of stringent regulations on phthalates have boosted the demand for natural and bio-based ESBO around the world.

Market Dynamics:

Global epoxidized soybean oil market is driven by the rising preference for eco-friendly and bio-based products over petrochemical-derived compounds. Stringent government regulations regarding the use of phthalate plasticizers along with regulatory push for sustainable solutions also augment the market growth. Ease of availability and lower manufacturing cost as compared to other epoxies further support the demand for ESBO. However, fluctuating soybean oil prices remain a key challenge. Moreover, the availability of substitutes like sulfonated vegetable oil may hinder the market expansion. Opportunities lie in the development of ENSO for specialized industrial applications and increased R&D for new derivatives.

Key features of the study:

This report provides an in-depth analysis of the global epoxidized soybean oil market, and provides market size (USD Bn) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global epoxidized soybean oil market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Makwell Plasticizers Pvt Ltd., Llc, Shenzen Kaiqi Chemical Co., Ltd., Arkema SA, Chs Inc., Ferro Corporation, Hairma Chemicals (Gz) Ltd., Anhui Tianyi Environmental Protection Tech. Co.,Ltd, Shandong Novista Chemicals Co.,Ltd (Novista Group), Adeka Corporation, Hallstar, American Chemical Service, Zhejiang Jiaao Enprotech Stock Co., Ltd., Fujian Zhishang Biomass Materials Co., Ltd., Chang Chun Petrochemical Co., Ltd., NAN YA Plastics Corporation, Hebei Jingu Plasticizer Co., Ltd., Puyang Chengyi Plasticizer Co. Ltd, and Chaohu Xiangfeng Plastic Aids Co., Ltd
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global epoxidized soybean oil market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global epoxidized soybean oil market.

Detailed Segmentation

By Raw Material:
- Soybean Oil
- Hydrogen Peroxide
- Others (Formic Acid and Acetic Acid)
By Application:
- Plasticizers
- Pigment Dispersion Agents
- Flavor & Fragrances
- Functional Fluids
- Fuel Additives
By End Use Industry
- Food & Beverages
- Personal & Healthcare
- Adhesives & Sealants
- Automotive & Transportation
- Others (Agriculture, etc.)
Regional
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Makwell Plasticizers Pvt Ltd., Llc*
- Shenzen Kaiqi Chemical Co., Ltd.
- Arkema SA
- Chs Inc.
- Ferro Corporation
- Hairma Chemicals (Gz) Ltd.
- Anhui Tianyi Environmental Protection Tech. Co.,Ltd
- Shandong Novista Chemicals Co.,Ltd (Novista Group)
- Adeka Corporation
- Hallstar
- American Chemical Service
- Zhejiang Jiaao Enprotech Stock Co., Ltd.
- Fujian Zhishang Biomass Materials Co., Ltd.
- Chang Chun Petrochemical Co., Ltd.
- NAN YA Plastics Corporation
- Hebei Jingu Plasticizer Co., Ltd.
- Puyang Chengyi Plasticizer Co. Ltd
- Chaohu Xiangfeng Plastic Aids Co., Ltd

Product Code: CMI6827

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Raw Material
- Market Snippet, By Application
- Market Snippet, By End-use Industry
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend

4. Global Epoxidized Soybean Oil Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting Global Epoxidized Soybean Oil Market - COVID-19
Impact Analysis

5. Global Epoxidized Soybean Oil Market, By Raw Material, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Soybean Oil
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Hydrogen Peroxide
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others (Formic Acid and Acetic Acid)
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

6. Global Epoxidized Soybean Oil Market, By Application, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Plasticizers
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Pigment Dispersion Agents
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Flavor & Fragrances
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Functional Fluids
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Fuel Additives
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

7. Global Epoxidized Soybean Oil Market, By End-use Industry, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Food & Beverages
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Personal & Healthcare
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Adhesives & Sealants
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Automotive & Transportation
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others (Agriculture, etc.)
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

8. Global Epoxidized Soybean Oil Market, By Region, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Raw Material, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019- 2031 (US$ Bn)
- Countries
U.S.
Canada
Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Raw Material, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019- 2031 (US$ Bn)
- Countries
Brazil
Argentina
Mexico
Rest of Latin America
Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Raw Material, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019- 2031 (US$ Bn)
- Countries
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Raw Material, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019- 2031 (US$ Bn)
- Countries
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East & Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Raw Material, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019- 2031 (US$ Bn)
- Sub-regions/Countries
GCC Countries
Israel
Rest of Middle East & Africa

9. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- Makwell Plasticizers Pvt Ltd., Llc
Company Overview
Raw Material Portfolio
Recent Developments/Updates
- Shenzen Kaiqi Chemical Co., Ltd.
- Arkema SA
- Chs Inc.
- Ferro Corporation
- Hairma Chemicals (Gz) Ltd.
- Anhui Tianyi Environmental Protection Tech. Co.,Ltd
- Shandong Novista Chemicals Co.,Ltd (Novista Group)
- Adeka Corporation
- Hallstar
- American Chemical Service
- Zhejiang Jiaao Enprotech Stock Co., Ltd.
- Fujian Zhishang Biomass Materials Co., Ltd.
- Chang Chun Petrochemical Co., Ltd.
- NAN YA Plastics Corporation
- Hebei Jingu Plasticizer Co., Ltd.
- Puyang Chengyi Plasticizer Co. Ltd
- Chaohu Xiangfeng Plastic Aids Co., Ltd

10. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. Section

References
Research Methodology
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