Epoxidized Soybean Oil Market - Global Industry Size, Share, Trends, Opportunity & Forecast, Segmented By Raw Material, By End User, By Region & Competition, 2020-2030F

Description

The Epoxidized Soybean Oil Market was valued at USD 477.42 Million in 2024 and is projected to reach USD 646.80 Million by 2030, growing at a CAGR of 5.15% during the forecast period. Epoxidized soybean oil (ESBO) is produced through the epoxidation of soybean oil, where double bonds in the oil molecules are converted into epoxy groups using hydrogen peroxide and either acetic or formic acid. This process yields a non-toxic, chemically reactive compound widely appreciated for its environmental friendliness and versatility. ESBO is primarily used as a green plasticizer and stabilizer in PVC production, supporting various applications across indoor and outdoor sectors. The reactive epoxy groups in ESBO enhance its functionality in monomer and polymer preparations. Its compatibility with stabilization processes, especially in delaying polyene formation and hydrochloric acid removal, adds further value to its industrial utility. As sustainability and regulatory compliance become more prominent in material selection, ESBO continues to gain traction across multiple end-use industries.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 477.42 Million
Market Size 2030	USD 646.80 Million
CAGR 2025-2030	5.15%
Fastest Growing Segment	Soybean Oil
Largest Market	Asia Pacific

Key Market Drivers

Growing Demand of Epoxidized Soybean Oil in Food Packaging

Epoxidized soybean oil is increasingly being used as a plasticizer and stabilizer in PVC plastics applied in food packaging due to its non-toxic and bio-based nature. ESBO improves the flexibility and performance of packaging materials while meeting consumer demand for safer, more sustainable options. As clean-label and eco-conscious products gain momentum, manufacturers are prioritizing bio-based alternatives to petroleum-derived plasticizers. Regulatory support from agencies such as the US FDA and EFSA further reinforces ESBO's suitability for food contact applications, enhancing its acceptance in global markets. This rising demand for safe and high-quality packaging is a key driver of ESBO adoption.

Key Market Challenges

Lack in Supply of Raw Materials

The production of epoxidized soybean oil is heavily reliant on the availability of soybean oil, making the market vulnerable to fluctuations in soybean yields. Weather conditions, pest infestations, and inconsistent agricultural practices can significantly disrupt supply, while the geographic concentration of soybean production in regions like the US, Brazil, and Argentina introduces additional risks. Political instability, trade restrictions, or natural disasters in these key regions can affect global supply chains, potentially leading to shortages or price volatility. Moreover, logistical constraints in transporting soybeans internationally further exacerbate the supply-side challenges faced by ESBO producers.

Key Market Trends

Growing Demand for Sustainable and Bio-based Products

Amid global efforts to transition to greener alternatives, epoxidized soybean oil has gained momentum as a sustainable plasticizer in multiple industries, including adhesives, automotive, and packaging. As consumers and businesses become increasingly environmentally conscious, the preference for bio-based inputs like ESBO is shifting from niche to mainstream. The product's biodegradability, non-toxic profile, and regulatory acceptance position it as a preferred solution over conventional, petroleum-derived plasticizers. The increasing adoption of sustainable products, along with supportive government policies and industry standards, is expected to fuel continued demand for ESBO in the coming years.

Key Market Players

CHS Inc.
Arkema SA
DOW Chemical Company
Galata Chemicals Inc.
Hairma Chemicals Ltd.
Shandong Longkou Longda Chemical Industry Co., Ltd
Ferro Corporation
InbraIndustriasQuimicas Ltd.
Makwell Plasticizers Pvt. Ltd.
Adeka Corporation

Report Scope:

In this report, the Global Epoxidized Soybean Oil Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Epoxidized Soybean Oil Market, By Raw Material:

Soybean Oil
Hydrogen Peroxide
Others

Epoxidized Soybean Oil Market, By End User:

Food & Beverage
Personal & Healthcare
Adhesives & Sealants
Automotive
Others

Epoxidized Soybean Oil Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Epoxidized Soybean Oil Market.

Available Customizations:

Global Epoxidized Soybean Oil Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Global Epoxidized Soybean Oil Market Outlook

4.1. Market Size & Forecast
- 4.1.1. By Value
4.2. Market Share & Forecast
- 4.2.1. By Raw Material (Soybean Oil, Hydrogen Peroxide, Others)
- 4.2.2. By End User (Food & Beverage, Personal & Healthcare, Adhesives & Sealants, Automotive, Others)
- 4.2.3. By Region
- 4.2.4. By Company (2024)
4.3. Market Map
- 4.3.1. By Raw Material
- 4.3.2. By End User
- 4.3.3. By Region

5. Asia Pacific Epoxidized Soybean Oil Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Raw Material
- 5.2.2. By End User
- 5.2.3. By Country
5.3. Asia Pacific: Country Analysis
- 5.3.1. China Epoxidized Soybean Oil Market Outlook
  - 5.3.1.1. Market Size & Forecast
    - 5.3.1.1.1. By Value
  - 5.3.1.2. Market Share & Forecast
    - 5.3.1.2.1. By Raw Material
    - 5.3.1.2.2. By End User
- 5.3.2. India Epoxidized Soybean Oil Market Outlook
  - 5.3.2.1. Market Size & Forecast
    - 5.3.2.1.1. By Value
  - 5.3.2.2. Market Share & Forecast
    - 5.3.2.2.1. By Raw Material
    - 5.3.2.2.2. By End User
- 5.3.3. Australia Epoxidized Soybean Oil Market Outlook
  - 5.3.3.1. Market Size & Forecast
    - 5.3.3.1.1. By Value
  - 5.3.3.2. Market Share & Forecast
    - 5.3.3.2.1. By Raw Material
    - 5.3.3.2.2. By End User
- 5.3.4. Japan Epoxidized Soybean Oil Market Outlook
  - 5.3.4.1. Market Size & Forecast
    - 5.3.4.1.1. By Value
  - 5.3.4.2. Market Share & Forecast
    - 5.3.4.2.1. By Raw Material
    - 5.3.4.2.2. By End User
- 5.3.5. South Korea Epoxidized Soybean Oil Market Outlook
  - 5.3.5.1. Market Size & Forecast
    - 5.3.5.1.1. By Value
  - 5.3.5.2. Market Share & Forecast
    - 5.3.5.2.1. By Raw Material
    - 5.3.5.2.2. By End User

6. Europe Epoxidized Soybean Oil Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Raw Material
- 6.2.2. By End User
- 6.2.3. By Country
6.3. Europe: Country Analysis
- 6.3.1. France Epoxidized Soybean Oil Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Raw Material
    - 6.3.1.2.2. By End User
- 6.3.2. Germany Epoxidized Soybean Oil Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Raw Material
    - 6.3.2.2.2. By End User
- 6.3.3. Spain Epoxidized Soybean Oil Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Raw Material
    - 6.3.3.2.2. By End User
- 6.3.4. Italy Epoxidized Soybean Oil Market Outlook
  - 6.3.4.1. Market Size & Forecast
    - 6.3.4.1.1. By Value
  - 6.3.4.2. Market Share & Forecast
    - 6.3.4.2.1. By Raw Material
    - 6.3.4.2.2. By End User
- 6.3.5. United Kingdom Epoxidized Soybean Oil Market Outlook
  - 6.3.5.1. Market Size & Forecast
    - 6.3.5.1.1. By Value
  - 6.3.5.2. Market Share & Forecast
    - 6.3.5.2.1. By Raw Material
    - 6.3.5.2.2. By End User

7. North America Epoxidized Soybean Oil Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Raw Material
- 7.2.2. By End User
- 7.2.3. By Country
7.3. North America: Country Analysis
- 7.3.1. United States Epoxidized Soybean Oil Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Raw Material
    - 7.3.1.2.2. By End User
- 7.3.2. Mexico Epoxidized Soybean Oil Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Raw Material
    - 7.3.2.2.2. By End User
- 7.3.3. Canada Epoxidized Soybean Oil Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Raw Material
    - 7.3.3.2.2. By End User

8. South America Epoxidized Soybean Oil Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Raw Material
- 8.2.2. By End User
- 8.2.3. By Country
8.3. South America: Country Analysis
- 8.3.1. Brazil Epoxidized Soybean Oil Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Raw Material
    - 8.3.1.2.2. By End User
- 8.3.2. Argentina Epoxidized Soybean Oil Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Raw Material
    - 8.3.2.2.2. By End User
- 8.3.3. Colombia Epoxidized Soybean Oil Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Raw Material
    - 8.3.3.2.2. By End User

9. Middle East and Africa Epoxidized Soybean Oil Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Raw Material
- 9.2.2. By End User
- 9.2.3. By Country
9.3. MEA: Country Analysis
- 9.3.1. South Africa Epoxidized Soybean Oil Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Raw Material
    - 9.3.1.2.2. By End User
- 9.3.2. Saudi Arabia Epoxidized Soybean Oil Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Raw Material
    - 9.3.2.2.2. By End User
- 9.3.3. UAE Epoxidized Soybean Oil Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Raw Material
    - 9.3.3.2.2. By End User

10. Market Dynamics

10.1. Drivers
10.2. Challenges

11. Market Trends & Developments

11.1. Recent Developments
11.2. Product Launches
11.3. Mergers & Acquisitions

12. Global Epoxidized Soybean Oil Market: SWOT Analysis

13. Porter's Five Forces Analysis

13.1. Competition in the Industry
13.2. Potential of New Entrants
13.3. Power of Suppliers
13.4. Power of Customers
13.5. Threat of Substitute Product

14. Competitive Landscape

14.1. CHS Inc.
- 14.1.1. Business Overview
- 14.1.2. Company Snapshot
- 14.1.3. Products & Services
- 14.1.4. Financials (In case of listed)
- 14.1.5. Recent Developments
- 14.1.6. SWOT Analysis
14.2. Arkema SA
14.3. DOW Chemical Company
14.4. Galata Chemicals Inc.
14.5. Hairma Chemicals Ltd.
14.6. Shandong Longkou Longda Chemical Industry Co., Ltd
14.7. Ferro Corporation
14.8. InbraIndustriasQuimicas Ltd.
14.9. Makwell Plasticizers Pvt. Ltd.
14.10. Adeka Corporation