PUBLISHER: QYResearch | PRODUCT CODE: 1862296
PUBLISHER: QYResearch | PRODUCT CODE: 1862296
The global market for Epoxidized Soybean Oil was estimated to be worth US$ 721 million in 2024 and is forecast to a readjusted size of US$ 1042 million by 2031 with a CAGR of 5.4% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Epoxidized Soybean Oil cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Epoxidized Soybean Oil (often abbreviated as ESBO or ESO) is a bio-based plasticizer and stabilizer derived from soybean oil through a chemical process called epoxidation, in which the carbon-carbon double bonds of unsaturated fatty acids in soybean oil are converted into epoxy groups (oxirane rings).
In 2024, global Epoxidized Soybean Oil sales reached approximately 562.9 K Tons, with an average global market price of around US$ 1,281 per ton.
The ESBO market is set for steady growth, tracking the expansion of flexible PVC demand and global phthalate substitution trends. While feedstock volatility (soybean oil, hydrogen peroxide) remains a challenge, sustainability, regulatory compliance, and end-user safety requirements will continue to strengthen ESBO's position in the plasticizer and stabilizer market. Producers that control upstream integration, ensure consistent quality (high oxirane oxygen, light color), and secure regulatory approvals are best positioned to capture growth.
Market Drivers
Phthalate restrictions & consumer safety concerns: Regulations (e.g., EU REACH, U.S. Prop 65, OEM substance restrictions) accelerate the adoption of ESBO as a phthalate-free stabilizer/plasticizer. Food packaging regulations: ESBO's approval in limited migration levels allows it to serve as a plasticizer in PVC closures for food and beverage packaging.
Market Trends
Shift toward bio-based plasticizers: Growing replacement of phthalates (DEHP, DBP, DOP) with safer, renewable alternatives such as ESBO. ESBO positioned as both eco-friendly and cost-competitive compared to specialty non-phthalates. Rising demand in flexible PVC applications: Wire & cable, films, synthetic leather, flooring, and packaging continue to dominate ESBO consumption. Stable demand from food-contact PVC liners and gaskets, subject to regional migration regulations.
Upstream and Downstream Market
Soybeans -> Soybean Oil: The main feedstock. Global supply is concentrated in the U.S., Brazil, Argentina, and China. Agricultural yields, weather patterns, and competing uses (edible oil, biodiesel/renewable diesel) strongly influence availability and price. Hydrogen Peroxide (H2O2): The oxidant for the epoxidation process, supplied by global chemical producers (e.g., Solvay, Evonik, Nouryon). Organic Acids (Acetic/Formic): Needed to form peracids for epoxidation; produced by large acetyl chain chemical companies (e.g., Celanese, BASF, INEOS).
PVC compounding (wire & cable, film, hose, profiles, medical/food-contact grades) ESBO is widely used as a secondary plasticizer and heat stabilizer in flexible PVC compounding. Examples: Teknor Apex, Orbia/Alphagary, Benvic, etc.
This report aims to provide a comprehensive presentation of the global market for Epoxidized Soybean Oil, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Epoxidized Soybean Oil by region & country, by Type, and by Application.
The Epoxidized Soybean Oil market size, estimations, and forecasts are provided in terms of sales volume (K Tons) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Epoxidized Soybean Oil.
Market Segmentation
By Company
Segment by Type
Segment by Classification
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Epoxidized Soybean Oil manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Epoxidized Soybean Oil in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Epoxidized Soybean Oil in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.