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The Epoxidized Soybean Oil (ESBO) Marketu00a0is projected to be valued at USD 691.7 Million by 2026, at a CAGR of 11.04% from 2016 to 2026. The growing demand in the Asia-Pacific, South American, and Middle-Eastern & African regions, coupled with the growing demand for PVC stabilization and UV care applications is expected to drive the ESBO market.
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Epoxidized Soybean Oil Market worth 691.7 Million USD by 2026 The report "Epoxidized Soybean Oil Market by Raw Material (Soybean Oil, Hydrogen Peroxide), Application (Plasticizers, UV Cure Applications, Fuel Additives), End-use Application (Foods & Beverages, Adhesives & Sealants, Automotives) - Global Forecast to 2026". The global Epoxidized Soybean Oil (ESBO) market is projected to reach USD 691.7 Million by 2026, at a CAGR of 11.04% from 2016 to 2026. View Full Report : https://www.marketsandmarkets.com/Market-Reports/epoxidized-soybean-oil-market-27777113.html
Introduction This growth is fueled by the expected high demand from the application segment due to the easy availability of epoxidized soybean oil in large volumes, and at lower prices. Further, the global demand for epoxidized soybean oil in the North American, Asia-Pacific, and European regions is growing due to stringent environmental regulations. Epoxidized soybean oil is preferred as against phthalate-free stabilizers in PVC applications, and hence ESBO is used widely as an additive in plasticizers. View Full Report : https://www.marketsandmarkets.com/Market-Reports/epoxidized-soybean-oil-market-27777113.html
Key Participants Companies such as, Arkema SA (France), The DOW Chemical Company (U.S), Galata Chemicals (U.S), CHS Inc. (U.S), Ferro Corporation (U.S), are the leading market participants in the global epoxidized soybean oil market. These companies have been adopting various organic and inorganic growth strategies such as expansions, mergers & acquisitions, and new product developments to enhance their market shares in the epoxidized soybean oil market. Speak with Analyst View Full Report : https://www.marketsandmarkets.com/Market-Reports/epoxidized-soybean-oil-market-27777113.html
On The Basis Of Region: The North American region is the largest market in the global epoxidized soybean oil market, in terms of value, and this trend is expected to continue till 2026. Countries in this region such as U.S, Canada and Mexico are achieving symbolic increase in the use of epoxidized soybean oil in the plasticizer application industry. This growth is due to the easy availability of raw materials in large quantities and at lower costs, which is driving the demand for epoxidized soybean oil in this region. U.S is the largest market for epoxidized soybean oil and is projected to continue this trend till 2026. Download PDF View Full Report : https://www.marketsandmarkets.com/Market-Reports/epoxidized-soybean-oil-market-27777113.html
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