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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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