Transparency Market Research in its new report titled, “Epoxidized Soybean Oil Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the epoxidized soybean oil market. The TMR report anticipates that the rise in the demand from numerous end-use industries will drive the epoxidized soybean oil market during the forecast period i.e, 2018-2026.
Epoxidized soybean oil, also called as ESBO or ESO, is suitable for various applications in many end-use industries. Epoxidized soybean oil is known to have resistance to temperature, it is environmental friendly, and is cheap and easily available. The above qualities of Epoxidized soybean oil makes it in high demand in various industries as they can serve various purposes like transparent films, coatings, laminations and others. Epoxidized soybean oil is known to substitute the use of the harmful compound phthalates which again is a major reason for the growth of the Epoxidized soybean oil market globally in the future.
In spite of the toxicity, various number of industrial applications will attribute to the increase in the market of Epoxidized soybean oil in the developed as well as the developing countries. The Epoxidized soybean oil market in Europe is expected to register very steady growth rates in the world. This is mainly as a result of the growth of adhesives, food and beverage, healthcare and pharmaceuticals, and sealants end-user industries in the developing as well as the developed countries, few of them are Germany, France, the UK, Italy, and Turkey.
In North America, the segment of UV cure application is a major market for Epoxidized soybean oil, due to the establishment of huge number of sealants, coatings and other end-user manufacturing industries. The region of Asia-Pacific also has some major players in the market of Epoxidized soybean oil due to fast growing rate of industrialization in countries like India and China. Few of the key player in epoxidized soybean oil market are Ferro Corporation, Arkema SA, Guangzhou Xinjinlong Chemical Additives Co. Ltd., The DOW Chemical Company, Galata Chemicals, Makwell Plasticizers Pvt. Ltd., Shandong Longkou Longda Chemical Industry Co. Ltd., Hairma Chemicals, Shenzen Kaiqi Chemical Co. Ltd., Inbra Indústrias Químicas Ltda, CHS Inc., etc.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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