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Executive Summary
Epoxidized Soybean Oil Market 2021 with Strategies to Boost Growth, COVID-19 Impact, Manufactures Types, Applications, Status and Outlook to 2025
Market Research Engine has published a new report titled as “Epoxidized Soybean Oil Market
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by Application (Plasticizers, UV Cure Applications, Fuel Additives), End-use Application (Foods & Beverages, Adhesives & Sealants, Automotives), Region - Global Forecast to 2021-2026 -Executive Data Report.’’
Epoxidized soybean oil, also known as, ESBO, is used as a plasticizer in polyvinyl chloride (PVC) plastics. It is used as a plasticizer as well as a remover or neutralizer for hydrochloric acid that is enlightened from PVC while the PVC is being subjected to heat treatment. It is highly endorsed to boost the epoxidized soybean oil production rate, as, this substance is known to be a competent substitute of a class of toxic substances known as phthalates, as plasticizer, as many countries have banned phthalates owing to the negative effects caused by them on the human health. Certain vegetable oils, for instance soybean oil, is usually epoxidized by reacting the double bonds present in the oil and a peroxyacid made in situ by reacting certain amount of concentrated hydrogen peroxide with formic or acetic acid having a mineral acid as catalyst.
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The global Epoxidized soybean oil (ESBO) market is expected to be cross more than US$ 689 million by 2026, at a CAGR of 10.70% from 2021 to 2026.
Global Epoxidized Soybean Oil market is segmented based on the Application as, Plasticizers, UV Cure Applications, Fuel Additives. On the basis of End-use Application as, Foods & Beverages, Adhesives & Sealants, Automotives.
Global Epoxidized Soybean Oil market report covers various regions including North America, Europe, Asia Pacific, and Rest of World. The regional Epoxidized Soybean Oil market is further bifurcated for major countries including U.S., Canada, Germany, UK, France, Italy, China, India, Japan, Brazil, South Africa and others.
Research Methodology:
To calculate the market size, the report considers the revenue generated from the sales of Epoxidized Soybean Oil market manufacturers. The revenue generated from the sales of Epoxidized Soybean Oil manufacturer has been calculated through primary and secondary research.
The market size estimation also considered leading players revenues as part of triangulation the key players considered are Arkema SA (France), CHS INC. (U.S.), Ferro Corporation (U.S.), Galata Chemicals (U.S.), The Chemical Company (U.S.), Hairma chemicals (GZ) Ltd. (China), SHANDONG LONGKOU LONGDA CHEMICAL INDUSTRY CO., LTD (China), Guangzhou Xinjinlong Chemical Additives Co. Ltd. China. Availability Services among others operating in the Epoxidized Soybean Oil market across the globe identified through secondary research and a