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North America is the Largest Growing Market for Epoxidized Soybean Oil in 2014 Epoxidized soybean oil (ESBO) is a collection of organic compounds obtained from the epoxidation of soybean oil. They are used as a plasticizer and stabilizer in polyvinyl chloride (PVC) plastics. ESBO is an yellowish viscous liquid. It is manufactured through the process of epoxidation with raw materials such as soybean oil, hydrogen peroxide and formic acid/acetic acid. The soybean oil is epoxidized with hydrogen peroxide which acts as the oxygen carrier and formic acid/acetic acid as the catalyst during the ESBO manufacturing process.
Global Epoxidized Soybean Oil Market Share, by Various Applications:
(Other applications of ESBO include pigment dispersion agents, functional fluids, flavor & fragrance, fuel additives, and so on.)
The global epoxidized soybean oil market is expected to reach approximately USD 280 million by 2019, and growing at a CAGR of 7.60% from 2015 to 2019.North America is the largest growing market for ESBO, having and approximate share of around 35.3% of the global market in 2014. The U.S. is the leading market for ESBO in the world, followed by China.
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The Epoxidized soybean oil market is in growth stage in countries such as China, India, the U.S., Germany, and France, among others. There are a large number of players in the Epoxidized soybean oil market. The key players are focused on expanding their operations, launching new products in the emerging markets, and enhancing their portfolio to provide cost-efficient and phthalate-free compounds to various end-use industries such as food & beverage, healthcare & pharmaceuticals, and adhesives & sealants, among others. The key players in the Epoxidized soybean oil market are the following:
Read Full Report: http://www.gosreports.com/global-epoxidized-soybean-oil-market-research-report2016/ Joanna | Executive – International Business and partner Relations E-mail:
[email protected] | Tel: 510-400-8520 Web: www.gosreports.com
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