Availability of Cheap Raw Materials Driving Growth

/EINPresswire.com/ -- DUBLIN, IRELAND --(Marketwired - February 26, 2016) - Research and Markets has announced the addition of the "Epoxidized Soybean Oil (ESBO) Market -- Global Trends and Forecasts to 2020" report to their offering.

The ESBO market is projected to reach a market size of $0.3 Billion by 2020, signifying a firm annualized growth of 10.3% between 2015 and 2020.

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.

The ESBO market is projected to register high CAGR in the future due to its unique characteristics such as excellent heat & light stabilization, which makes it usable in high temperature ranges for rigid and flexible PVC compounds. Owing to these properties, ESBO is used in a wide range of applications such as plasticizers, UV cure applications, pigment dispersion agents, functional fluids, flavor & fragrance, and fuel additives, among others.

Currently, North America is the largest market for ESBO, accounting for nearly 35% of the total market size, in terms of value, in 2014. Among all the countries, the U.S. dominates the ESBO market in 2014. The dominance by the U.S. is attributed to the stringent environmental norms and regulations and easy availability of cheap raw material in the country. The U.S. is closely followed by China.

Companies Mentioned:

• 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.

Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Industry Trends

6 By Raw Material

7 By Application

8 By End-Use Industry

9 Regional Analysis

10 Competitive Landscape

11 Company Profiles

For more information visit http://www.researchandmarkets.com/research/dzg8d9/epoxidized.

Sector: Chemicals

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