Epoxidized Soybean Oil Market Growth Forecast and Analysis

Monday, 18 March 2024, 13:00

The Epoxidized Soybean Oil Market is set to increase from USD 494 million in 2023 to USD 648 million by 2028, showing a steady Compound Annual Growth Rate (CAGR) of 5.6%. MarketsandMarkets™ study highlights ESBO's role as a bio-based plasticizer and stabilizer derived from soybean oil, offering enhanced plasticity and stability. With a chemical process involving soybean oil and an epoxidizing agent, ESBO finds widespread use in various industries for its beneficial properties.
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Epoxidized Soybean Oil Market Growth Forecast and Analysis

Epoxidized Soybean Oil Market Overview

The Epoxidized Soybean Oil Market is poised for substantial growth, reaching $648 million by 2028, with a consistent 5.6% CAGR.

Key Findings:

  • Projected USD 648 million market value by 2028
  • Bio-based plasticizer and stabilizer
  • Chemical process for enhanced plasticity and stability

Epoxidized soybean oil (ESBO) plays a vital role in multiple industries, offering versatile applications and improved product performance. The market's upward trajectory signifies a positive outlook for bio-based solutions in various sectors.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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