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  • What is the epoxidized soybean oil (ESBO) market?
  • The Epoxidized Soybean Oil (ESBO) market faces a significant constraint due to the inherent volatility in the prices of key raw materials, particularly soybean oil. As a fundamental component in ESBO production, the cost of soybean oil directly influences the overall cost structure for manufacturers.
  • How big is the epoxidized soybean oil market?
  • Chicago, March 18, 2024 (GLOBE NEWSWIRE) -- The Epoxidized Soybean Oil Market is projected to grow from USD 494 million in 2023 to USD 648 million by 2028 at a CAGR of 5.6%, as per the recent study by MarketsandMarkets™. Epoxidized soybean oil (ESBO) is a bio-based plasticizer and stabilizer that originates from soybean oil.
  • How does the cost of soybean oil affect Esbo production?
  • As a fundamental component in ESBO production, the cost of soybean oil directly influences the overall cost structure for manufacturers. Sudden and substantial price fluctuations in soybean oil can result in heightened production costs, subsequently impacting profit margins for ESBO producers.
  • How ESBO is produced?
  • The production of ESBO involves several key steps: Raw Materials: The primary raw material for ESBO production is soybean oil, which is abundant and renewable. Epoxidation: Soybean oil undergoes a chemical process called epoxidation, where double bonds in the oil’s molecular structure are converted into epoxide groups.
  • What is hydrogen peroxide epoxidized soybean oil?
  • Hydrogen peroxide, with its chemical representation as H2O2, is a clear and colorless liquid renowned for its potent oxidizing properties. In the production epoxidized soybean oil (ESBO), hydrogen peroxide is a primary raw material in the epoxidation process.
  • What drives the global epoxidized soybean oil market?
  • North America is a dominant force in the global epoxidized soybean oil market, primarily driven by the increasing demand for non-phthalate plasticizers in the production of PVC compounds and the expansion of end-use industries. To know about the assumptions considered for the study, download the pdf brochure