Epoxidized Soybean Oil Market worth $648 million

As per the recently published report by MarketsandMarkets™, The “Epoxidized Soybean Oil Market by Raw Material (Soybean Oil, Hydrogen Peroxide), Application (Plasticizers, UV Cure Applications, Fuel Additives), End-use Application (Foods & Beverages, Adhesives & Sealants, Automotives) – Global Forecast to 2028″, is projected to grow from USD 494 million in 2023 to USD 648 million by 2028, at a CAGR of 5.6% during the forecast period. The global Epoxidized Soybean Oil (ESBO) industry is undergoing significant growth, driven by its wide range of applications and the rising demand for sustainable alternatives. Most manufacturers in this market are based in North America and Asia Pacific.

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• 509 Market Data Tables
• 49 Figures
• 347 Pages and in-depth TOC on “Epoxidized Soybean Oil Market – Global Forecast to 2028”

This report also provides a comprehensive analysis of the companies listed below:

The leading players operating in the epoxidized soybean oil market include CHS Inc. (US), Nan Ya Plastics Corporation (Taiwan), Adeka Corporation (Japan), Cargill (US), and Valtris (US), Galata Chemicals LLC (US), Hairma Chemicals (GZ) Ltd. (China), Shandong Longkou Longda Chemical Industry Co., Ltd. (China), Guangzhou Xinjinlong Chemical Additives Co. Ltd. (China), Inbra Indústrias Químicas, Ltda. (Brazil) and other leading companies in this market. These players have adopted various growth strategies to strengthen their position in the market. This includes expansions and acquisition activities further to expand their presence in the epoxidized soybean oil market.

Recent Developments in the Epoxidized Soybean Oil Market Industry

1. In September 2021, CHS Inc. announced a significant expansion and renovation project at its soybean processing plant in Mankato, Minnesota. This initiative is motivated by the growing global demand for soybean oil.
2. In September 2019, CHS Inc. unveiled intentions to undertake a substantial renovation at its soybean processing facility in Fairmont, Minnesota.
3. In September 2021, Cargill completed the acquisition of Arkema’s epoxides business, in response to the increasing demand for bio-based solutions in the plasticizers and polyols market.
4. In August 2022, New York-based private investment firm SK Capital Partners successfully concluded the acquisition of Valtris Specialty Chemicals, from H.I.G. Capital.

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CHS Inc. (US) – CHS Inc. operates as an integrated agricultural company, with its organizational structure divided into two main segments: Energy and Ag. Within these segments, there are various operating divisions. The processing and food ingredients segment, falling under the Ag business segment, is responsible for the company’s epoxidized soybean oil business. Operations in this segment are conducted across multiple facilities, including those in Mankato and Fairmont in Minnesota, Creston in Iowa, and Ashdod in Israel. Although CHS primarily operates in North America, it has a substantial presence in South America, Europe, and the Asia-Pacific region.

Cargill (US) – Cargill is dedicated to providing the world with food, ingredients, agricultural solutions, and industrial products in a manner that prioritizes safety, responsibility, and sustainability. With a rich history spanning 159 years, the company seamlessly blends traditional expertise with innovations and insights. Cargill is persistent in its commitment to being a dependable partner for customers across the food, agriculture, financial, and industrial sectors, building trust through its extensive experience and firm dedication. The company serves as a crucial link between farmers and markets, connects customers with essential ingredients, and ensures that families have access to daily necessities, spanning from the food they consume to the materials used in their living spaces. Cargill’s global team members are united by a shared commitment to purposeful innovation, striving to empower partners and communities in their efforts to responsibly and sustainably nourish the world.

Nan Ya Plastics Corporation (Taiwan) – Nan Ya Plastics Corporation engages in the manufacturing of plastic processing products, petrochemicals, electronic materials, and polyester. The company’s operations are divided into several segments, namely the plastics industry, chemical industry, electronic industry, polyester industry, and other industries. Nan Ya Plastics offers an extensive array of products, such as chemicals, fibers, textiles, and machinery, serving a wide range of applications. These applications span across household items, outdoor sports equipment, transportation materials, building materials coatings, appliances, civil farming, industrial uses, and various other applications.

Adeka Corporation (Japan) – Adeka Corporation specializes in the chemicals and food products industries, with its operations organized into six segments. These segments are the Life Sciences Business, Food Business, Electronics and IT Materials, Functional Chemicals, Polymer Additives, and Others. Within the Chemical business segment, Adeka is involved in the production of plastic additives, oleochemicals, electronic industrial materials, and materials for information displays and recording media. The Food products segment encompasses processed oils and fats, as well as treated foods.

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