Epoxidized Soybean Oil Market by Raw Material, by Application , by End-use Industry , by region - Global Trends and Forecasts to 2020

Jan 13, 2016, 15:52 ET from ReportBuyer

LONDON, Jan. 13, 2016 /PRNewswire/ -- ESBO is majorly used as a plasticizer and stabilizer for PVC compounds and gradually evolved its reach to other application segments. The demand for ESBO is high as it has excellent compatibility and thermal stability. ESBO is being used as the preferred substitute for phthalate plasticizers by major PVC manufacturers and suppliers globally.

The North America region is the largest consumer of ESBO. The region is also experiencing steady growth due to the increasing demand of non-phthalate PVC compounds. The growth of manufacturing industries is the major factor responsible for the growth of ESBO market in the U.S. Stringent environmental regulations regarding the use of non-phthalate, bio-based ESBO plasticizers in PVC compounds for food products packaging also contribute to the dominance of the U.S. in the North American region.

The dominance of the U.S. in the North American ESBO market is expected to continue till 2020. The country is expected to see a steady growth rate due to continuous innovations and industry consolidations.

Plasticizers is the biggest application segment of ESBO market. ESBO, being cost-efficient and environmental friendly, is widely used in plasticization of PVC and PVA emulsions. ESBO is suitable for all flexible and non-flexible PVC compounds as they have high heat and light stabilization properties, low volatility, low viscosity, and faster process-ability. These plasticizers formed by ESBO are further used in end-use industries such as food packaging, coatings, adhesives, rubber, healthcare, and wire & cable, among others.

This study estimates the market value and volume for ESBO and forecasts the market size till 2020. As a part of qualitative analysis, the research study provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges in the market. The study segments the market by raw material, application, and end-use industry at the country level with the current market estimation and forecast till 2020. The countries covered in the report are the U.S., Canada, Mexico, China, Japan, India, South Korea, Germany, the U.K., France, Italy, Turkey, Brazil, and Argentina. The segmentation by raw material includes soybean oil, hydrogen peroxide, and others. The segmentation by application includes plasticizers, UV cure applications, pigment dispersion agents, functional fluids, flavor & fragrance, fuel additives, and others. The segmentation by end-use industry includes food & beverage, healthcare & pharmaceuticals, adhesives & sealants, and others.

The report also provides the company profiles and competitive strategies adopted by different market players, such as Arkema SA (France), DOW Chemical Company (U.S.), Galata Chemicals (U.S.), Guangzhou Xinjinlong Chemical Additives Co., Ltd. (China), Makwell Plasticizers Pvt. Ltd. (India), the Chemical Company (U.S.), CHS Inc. (U.S.), Hairma Chemicals (China), Ferro Corporation (U.S.), Shandong Longkou Longda Chemical Industry Co., Ltd. (China), Shenzhen Kaiqi Chemical Co., Ltd. (China), and Inbra Indústrias Químicas, Ltda (Brazil), among others.

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