Epoxidized Soybean Oil Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Epoxidized Soybean Oil Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : July, 2020 | Chemical & Materials | PPT format

Report Digest

Global Epoxidized Soybean Oil Market: Snapshot 

Epoxidized soybean oil or ESBO refers to a collection of different organic compounds that are extracted from the epoxidation of the oil of soybean. It is employed as a stabilizer and plasticizer in polyvinyl chloride plastics. Epoxidized soybean oil is a yellowish viscid liquid. During the manufacturing process of vegetable oils are broadly employed as precursors to the epoxidized oil products as they have sizeable number of carbon-carbon double bonds that are accessible for epoxidation. 

Epoxidized soybean oil is used in the PVC gaskets that applied in the glass jars that are used to store food products. It acts as a scavenger and plasticizer for the hydrochloric acid which is released when the degradation of the PVC occurs thermally at the time when the food product goes through sterilization. The most lucrative opportunities for epoxidized soybean oil is likely to arise from the food and beverages, plastic, rubber industries. The global epoxidized soybean oil market is likely to be positive impacted by the growing adoption of organic stabilizers in PVC stabilization procedure and as an emerging substitute for oil-based lubricant in the short and medium run. In the long run the easy availability of ESBO in low price is anticipated to be a core driving factor. 

The challenges that this market is expected to face in the years ahead are the health hazards that are likely to occur in the industry of food and beverages to the excess use of ESBO and low product competitiveness that it creates.

Global Epoxidized Soybean Oil Market: Overview

The global epoxidized soybean oil market (ESBO) is forecast to exhibit strong growth between 2017 and 2025. It will significantly gain from the increasing demand from the plastic additives industries, especially in North America. Besides this, research and development activities by the leading players, coupled with the recent merger and acquisition strategies they adopted will help this market rake high revenue over the forecast period. Additionally, the rising use of epoxidized soybean oil across diverse eco-friendly applications will aid the market’s growth. 

This epoxidized soybean oil market report presents a detailed assessment of the recent market developments besides strategically identifying the most lucrative segments. It covers the growth drivers and key restraints to help readers gain a better perspective of the global epoxidized soybean oil market. The report also profiles the leading market players and identifies their core competencies. The effect of Porter’s five forces on the overall market operations is evaluated as well. 

Global Epoxidized Soybean Oil Market: Trends and Opportunities 

Among the key end-use segments, the epoxidized soybean oil market is gaining maximum from the rising use of epoxidized soybean oil in food and beverages packaging. As the retail sector gears for spike in the demand for processed food, the significance of phthalate-free plasticizers food packaging will scale higher. This will create significant opportunities for the market in the beverage can coating segment as well. Epoxidized soybean oil is available at a lower cost and offers high flexibility and thermal stability. It is also an eco-friendly bio-plasticizer hence, considered to be a food-grade product. It is due to the same reason that epoxidized soybean oil is extensively used in the food and beverages industry for packaging of products. 

By application, plasticizers will emerge as one of the key market segments. The segment includes PVA, PVC, and chlorinated rubber applications. The demand for epoxidized soyabean oil is thus considerably high in North America, wherein stringent environmental laws have compelled industries to lower dependence on phthalate plasticizers. 

Also, soybean oil is most likely to remain the leading segment among raw materials due to its extensive use in the production of epoxidized soybean oil. This vegetable oil is derived from the seeds of soybean and is known to have many inedible applications besides its use in food products. Out of the many inedible applications, soybean oil acts as an excellent additive and stabilizer in plasticizers. Plasticizers become more reactive when epoxidized soybean oil is added. Soybean oil is widely available and is an eco-friendly alternative due to which it is also preferred by oleo chemical producers. Spurred by these factors, the global epoxidized soybean oil market will exhibit robust growth in the forecast period. 

Global Epoxidized Soybean Oil Market: Regional Outlook

Regionally, the European epoxidized soybean oil market will prove to be the most lucrative and faster growing. This trend is likely to continue through the course of the report’s forecast period. In addition, the increasing demand from France, Germany, Italy, Russia, Turkey, and the U.K., will seal Europe’s position as the dominant market for epoxidized soybean oil in the forthcoming years. The high demand for epoxidized soybean oil in Europe is ascribable to stringent environmental regulations in place in the European Union, which curbs the use of non-phthalate plasticizers in food and beverages packaging. Currently, Germany is one of the leading consumers of epoxidized soybean oil in the region and will continue to remain so through the forecast period. 

Global Epoxidized Soybean Oil Market: Vendor Landscape 

Among the companies who were able to establish strong foothold in the global epoxidized soybean oil market, Ferro Corporation (U.S.), Arkema SA (France), Galata Chemicals (U.S.), Hairma Chemicals (Gz) Ltd. (China), and The Chemical Company (U.S.), are a few of the prominent brands. The report analyzes their strengths and weaknesses using SWOT analysis, which also gives insights into the opportunities and threats they may face over the forecast period. 

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.