Epoxidized Soybean Oil Market to surpass $650mn by 2024

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Epoxidized Soybean Oil Market to surpass 650mn
by 2024 Global Market Insights Inc.
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Industry Overview

• Epoxidized Soybean Oil Market to surpass USD 650
  million by 2024 driven by growing adhesives
  sealants and food beverage industries in
  Europe. Epoxidized soybean oil (ESBO) market size
  is anticipated to witness strong gains on account
  of its usage as plasticizer in numerous
  industries including construction agriculture.
  The product is manufactured by soybean oil using
  epoxidation process. The epoxidized form of
  soybean is oil being accepted in numerous
  industries for its non-toxic nature including its
  application as stabilizer for PVC, which may fuel
  product demand by 2024.
• Epoxidized soybean oil market size from hydrogen
  peroxide may surpass USD 100 million by 2024.
  Hydrogen peroxide is a powerful oxidizing and
  reducing agent. Government regulations play an
  important role in propelling hydrogen peroxide
  market growth due to emission-free and
  environmentally friendly properties. These
  factors may drive ESBO market growth.
• These products find application in stabilizing
  additives and are widely accepted in industrial
  applications. It also improves performance of the
  system and gives heat and light stability as
  compared to metallic stabilizers. These factors
  are likely to foster industry growth.

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• Epoxidized soybean oil (ESBO) market from
  plasticizer application is estimated to surpass
  USD 355 million by 2024 owing to its usage in PVC
  plastics. It acts as plasticizer and as a forager
  for HCL emitted from polyvinyl chloride products,
  when they undertake heat treatment. These factors
  will foster industry growth. The product is used
  in plastic materials including PVC its
  copolymers in order to keep these products
  flexible soft, which may further propel
  industry growth.
• Epoxidized soy oil market from pigment dispersion
  agent application is likely witness substantial
  gains of over 6 by 2024. ESBO is used as a
  pigment scattering agent and as an epoxy reactive
  diluent. Due to its controlled cost, non-toxic
  nature and eco-friendly properties along with its
  biodegradability as compared to other phthalate
  plasticizers, ESBO is likely to replace dioctyl
  phthalate (DOP) in industrial application. These
  product functions are likely to stimulate
  industry growth by 2024.

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Browse Full Market Research Report Of Epoxidized
Soybean Oil Market _at_ https//bit.ly/2i0HxG9
Request for a Sample of this Research
report _at_ https//bit.ly/2rJXOAT
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U.S. Epoxidized Soybean Oil Market Size, By
End-Use, 2017 2024, (Kilo Tons)

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Industry Coverage

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• ESBO market is likely foresee gains on account of
  its usage as raw materials for numerous
  applications which include polyol replacements,
  fuel additives, functional fluids, flavor
  fragrances, agricultural and pharmaceutical
  molecules. The product act as a polymeric
  plasticizer and owing to its high molecular
  weight, it resists extraction, volatilization,
  and migration, which is likely to boost market
  growth in forecast timeframe.
• Global epoxidized soybean oil market share is
  fragmented and competitive with key industry
  players including Flow Tech Group ADEKA, Arkema,
  INBRA, KLJ, Varteco, CHS Inc, Makwell, Valtris,
  Zhejiang Jiaao Enprotech Ltd., The Chemical
  Company. Manufacturers are involved JV, mergers
  acquisitions, and partnership in order to
  implement ground-breaking technologies with
  increasing production capacities to cater growing
  ESBO demand.

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