Epoxidized Soybean Oil Market worth 691.7 Million USD by 2026

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Epoxidized Soybean Oil Market worth 691.7 Million
USD by 2026

The report "Epoxidized Soybean Oil Market by Raw
Material (Soybean Oil, Hydrogen Peroxide),
Application (Plasticizers, UV Cure Applications,
Fuel Additives), End-use Application (Foods
Beverages, Adhesives Sealants, Automotives) -
Global Forecast to 2026". The global Epoxidized
Soybean Oil (ESBO) market is projected to reach
USD 691.7 Million by 2026, at a CAGR of 11.04
from 2016 to 2026.
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Introduction
This growth is fueled by the expected high demand
from the application segment due to the easy
availability of epoxidized soybean oil in large
volumes, and at lower prices. Further, the global
demand for epoxidized soybean oil in the North
American, Asia-Pacific, and European regions is
growing due to stringent environmental
regulations. Epoxidized soybean oil is preferred
as against phthalate-free stabilizers in PVC
applications, and hence ESBO is used widely as an
additive in plasticizers.
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Key Participants
Companies such as, Arkema SA (France), The DOW
Chemical Company (U.S), Galata Chemicals (U.S),
CHS Inc. (U.S), Ferro Corporation (U.S), are the
leading market participants in the global
epoxidized soybean oil market. These companies
have been adopting various organic and inorganic
growth strategies such as expansions, mergers
acquisitions, and new product developments to
enhance their market shares in the epoxidized
soybean oil market.
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On The Basis Of Region
The North American region is the largest market
in the global epoxidized soybean oil market, in
terms of value, and this trend is expected to
continue till 2026. Countries in this region such
as U.S, Canada and Mexico are achieving symbolic
increase in the use of epoxidized soybean oil in
the plasticizer application industry. This
growth is due to the easy availability of raw
materials in large quantities and at lower costs,
which is driving the demand for epoxidized
soybean oil in this region. U.S is the largest
market for epoxidized soybean oil and is
projected to continue this trend till 2026.
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