Uploaded on Mar 16, 2021
Extensive utilization in various sectors such as air compressors, auxillary equipment, heat transfer systems, gas engines, and hydraulics will fuel market growth in coming years whereas value creation in stabilizing activities and cost effectiveness with efficient performance in heat & light stability will propel demand for market
Epoxidized Soybean Oil Market Set to Make Rapid Strides in 2020-2027
Epoxidized Soybean Oil Market Set to Make Rapid
Strides in 2020-2027
Epoxidized Soybean Oil Market, By Raw Material (Soybean Oil, Formic Acid, Acetic Acid,
Hydrogen Peroxide), Application (Revenue Pocket Matrix, Plasticizers, Pigment
Dispersion Agents, Flavors & Fragrances, Functional Fluids, UV Cure Applications, Fuel
Additives), End Use (Food & Beverages, Agriculture, Healthcare & Pharmaceuticals,
Construction, Adhesives & Sealants, Coatings, Others), Country (U.S., Canada, Mexico,
Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia,
Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia,
Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South
America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa)
Industry Trends and Forecast to 2027
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Report Description
Expoxidized soybean oil market is expected to gain market growth in the forecast period
of 2020 to 2027. Data Bridge Market Research analyses the market to growing at a CAGR
of 6% in the above-mentioned forecast period.
Extensive utilization in various sectors such as air compressors, auxillary equipment, heat
transfer systems, gas engines, and hydraulics will fuel market growth in coming years
whereas value creation in stabilizing activities and cost effectiveness with efficient
performance in heat & light stability will propel demand for market. Moreover easy
availability of expoxidized soybean oil in sufficient volume at low cost will also expand
market growth. However health hazards such as affect on kidney, liver, testis, or uterus
due to excess usage of expoxidized soybean oil in food & beverage will be challenging
factor for market whereas strict regulatory policies on procedures will be restraining
factor for market. Further technologies advancement in manufacturing with increasing
efficiency will create lucrative opportunities for market.
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Major Key Players
Some of the major players operating in this market are :
• BASF SE
• Ashland
• Arkema
• Covestro AG
• A. Schulman, Inc.
• AdvanSix
• Asahi Kasei Corporation
• Celanese Corporation
• LANXESS
• Chi Mei Corporation
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Market Segmentation
• By Raw Material (Soybean Oil, Formic Acid, Acetic Acid, Hydrogen
Peroxide)
• By Application (Revenue Pocket Matrix, Plasticizers, Pigment Dispersion
Agents, Flavors & Fragrances, Functional Fluids, UV Cure Applications, Fuel
Additives)
• By End Use (Food & Beverages, Agriculture, Healthcare & Pharmaceuticals,
Construction, Adhesives & Sealants, Coatings, Others)
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Regional Analysis
Based on geography, the market is segmented into five geographical
regions
North America
Europe
Asia-Pacific
South America
Middle East
Africa
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About Data Bridge Market
Research
An absolute way to forecast what future holds is to comprehend the trend
today!
Data Bridge Market Research set forth itself as an unconventional and
neoteric Market research and consulting firm with unparalleled level of
resilience and integrated approaches. We are determined to unearth the best
market opportunities and foster efficient information for your business to
thrive in the market. Data Bridge endeavors to provide appropriate solutions
to the complex business challenges and initiates an effortless decision-making
process.
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