Dublin, Sept. 08, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/m6k4m9/epoxidized) has announced the addition of the "Epoxidized Soybean Oil (ESBO) Market by Raw Material, by Application, by End-use Industry , by region - Global Trends and Forecasts to 2020" report to their offering.
The ESBO market is projected to reach a market size of USD 0.3 Billion by 2020, signifying a firm annualized growth of 10.3% between 2015 and 2020.
The outstanding heat and light stability and thermal & chemical resistivity characteristics of ESBO have made them a preferred plasticizer over traditional phthalate plasticizers for various manufacturers, suppliers, and end-use industries. The increasing demand of phthalate-free bio-based plasticizers from the emerging economies such as China, India and Brazil, among others is driving the growth of ESBO market globally. Moreover, availability of cheap raw material also contributes significantly to the growth of the market.
North America is the largest growing market for ESBO, having and approximate share of around 35% of the global market in 2014. The demand of ESBO from its various end-use industry is continuously showing an upward trend. This is mainly due to the increasing demand for environmental friendly and non-phthalate PVC compounds in various applications such as transparent films, coatings, laminations and others. The U.S. is the leading market for ESBO in the world.
Among the various applications, the plasticizer segment dominated the ESBO market with more than 64% of the market share in 2014. UV Cure applications is the second-largest application segment and is expected to grow significantly between 2015 and 2020. Other applications of ESBO include pigment dispersion agents, functional fluids, flavor & fragrance, fuel additives, and so on. The increasing demand from food packaging, coatings, adhesives, rubber, and healthcare fuels the growth of plasticizers segment in the ESBO market.
Among the end-use industries, the food & beverage industry dominated the ESBO market with nearly 32% market share in 2014. Stringent governmental regulations, increasing demand for non-phthalate bio-based plasticizers for food & beverage packaging materials are the main reasons responsible for the growth of ESBO in this end-use industry segment.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Introduction
6 Industry Trends
7 Epoxidized Soybean Oil Market, By Raw Material
8 Epoxidized Soybean Oil Market, By Application
9 Epoxidized Soybean Oil Market, By End-Use Industry
10 Epoxidized Soybean Oil Market, Regional Analysis
11 Competitive Landscape
12 Company Profiles
- Arkema SA
- CHS Inc.
- DOW Chemical Company
- Ferro Corporation
- Galata Chemicals
- Guangzhou Xinjinlong Chemical Additives Co. Ltd.
- Hairma Chemicals
- Inbra Indústrias Químicas Ltda
- Makwell Plasticizers Pvt. Ltd.
- Shandong Longkou Longda Chemical Industry Co. Ltd.
- Shenzen Kaiqi Chemical Co. Ltd.
For more information visit http://www.researchandmarkets.com/research/m6k4m9/epoxidized