Epoxidized Soybean Oil Market- Forecast (2018-2023)Posted by Venkatesh on November 9th, 2018 According to the new market research report by IndustryARC titled “Epoxidized Soybean Oil Market: By End User (Food & Beverage, Agriculture, Coatings, Healthcare & Pharmaceuticals, Construction Adhesives & Sealants); By Application (Plasticizers, Pigment Dispersive Agents and Others) & Geography -Forecast (2018-2023)”, the market is driven by developed end-user segments, especially the Food and Beverage segment. Epoxidized Soybean Oil (ESBO) is one of the most prevalent epoxidized oleo-chemicals in the market. This yellowish viscous fluid is more reactive than alternatives such as polyunsaturated vegetable oils and thus, exhibits increased adoption. By 2023, ESBO market is estimated to witness an upsurge due to the growing availability and development of advanced technologies for renewable resources. This market is anticipated to grow at a CAGR of 2.59% during the forecast period between 2017 and 2023. Americas continues to lead the Epoxidized Soybean Oil Market share during 2018-2023. Americas holds a major share in Epoxidized Soybean Oil Market, followed by Asia-Pacific and European region. Americas held 4.2 million in 2017 and is projected to reach 1.8 by 2023 at a CAGR of 2.3%. Europe projects to register the highest growth rate of 3.4% during 2018-2023, followed by Asia-Pacific and the Americas. Also, Europe is expected to be the third largest producer and is expected to show significant growth in the future. In Americas, the U.S. is the major producer, followed by Canada and Mexico. The Asia-Pacific region, especially China, has been the pioneer in innovation, manufacturing, and export of a wide variety of ESBO, thereby becoming one of the world’s largest net exporter after Americas. Selected / Sample Analysis done in the Epoxidized Soybean Oil Market Report: The production of soybean along with its trading in the market is the initial and crucial aspect of this chain. The harvest directly impacts the soybean trading prices, which in turn is influential in determining soybean oil prices. To access/purchase, the full report browse the link below https://industryarc.com/Report/15508/epoxidized-soybean-oil-market.html Excerpts on Market Growth Factors Mentioned in the Full Report: The growing need to replace petroleum-based polymers with thermosetting bio-based polymers has resulted in the growing adoption of products such as epoxidized soybean oil, which escalates the ESO market growth. Key Players of the Epoxidized Soybean Oil Market: The key factor that has augmented the growth of top players in this highly competitive market is their adaptability to suit the customer requirements and early entrance into emerging application areas like adhesives and sealants along with coatings. The major key players of the Epoxidized Soyabean Oil Market are Arkema S.A., Dow Chemical Company and Ferro Corporation. Epoxidized Soybean Oil Market Report is Segmented as below. Companies Cited / Interviewed CHS INC. What can you expect from the report? The Epoxidized Soybean Oil Market Report is Prepared with the Main Agenda to Cover the following 20 points: Any other major customizations can be discussed with our team, we can provide a separate quote based on your requirements. You can drop in an e-mail to sales@industryarc.com to discuss more about our consulting services. Media Contact: About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. Like it? Share it!More by this author |