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Epoxidized Soybean Oil Market
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Epoxidized Soybean Oil Market

Author: Vineet Pandey - Business Consultant, Report ID - DS1313056, Published - September 2025

Segmented in Product Type (Food Grade, Industrial Grade, Pharmaceutical Grade), Applications (Plasticizers, UV Cure, Fuel Additives, Coatings, Others), Technology, Production Process and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

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Global Epoxidized Soybean Oil Market Outlook

The market for Epoxidized Soybean Oil (ESBO) was estimated at $604.3 million in 2024; it is anticipated to increase to $927.4 million by 2030, with projections indicating growth to around $1.3 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 7.4% over the forecast period. The Epoxidized soybean oil market demonstrates strong growth patterns because it has become essential for multiple industries. The market growth stems from the oils distinctive characteristics together with its environmental suitability and its extensive application as a plasticizer and stabilizer in PVC products. The market continues to grow because of increasing consumer interest in sustainable products and their awareness about phthalate dangers. The food and beverage industry expansion drives market relevance because Epoxidized soybean oil functions as a sealing and coating agent in this sector.


The biodegradable oil ESO originates from soybean oil through epoxidation to produce epoxidized soybean oil. The material stands out because it provides superior performance and low volatility and excellent compatibility with PVC. The main use of this oil is as a plasticizer and stabilizer for PVC and other chlorine containing resins. The oil serves multiple industries which include food and beverage production as well as coatings and adhesives and sealants manufacturing.


Market Size Forecast & Key Insights

2019
$604M2024
2029
$1.2B2034

Absolute Growth Opportunity = $630M

The Epoxidized Soybean Oil market is projected to grow from $604.3 million in 2024 to $1.23 billion in 2034. This represents a CAGR of 7.4%, reflecting rising demand across Plasticizer in PVC Products, Food Packaging Material and UV Cure.

The Epoxidized Soybean Oil market is set to add $630 million between 2024 and 2034, with manufacturer targeting UV Cure & Fuel Additives Applications projected to gain a larger market share.

With Rising demand in plasticizer industry, and Increasing adoption in food packaging, Epoxidized Soybean Oil market to expand 104% between 2024 and 2034.

Opportunities in the Epoxidized Soybean Oil Market

Growth in the Bio Lubricants Market

The bio lubricants markets burgeoning interest in ESO is a noteworthy.As an eco friendly and renewable lubricant, ESO is well suited to meet the rising demand for sustainable industrial solutions. This trend is expected to fuel ESO market growth, especially in industries seeking to reduce their environmental footprint.

Rising Demand in the Plastic Industry and Expansion in the Food and Beverage Sector

The plasticindustry'sincreasing demand for Epoxidized soybean oil presents a significant market. The market demand for ESO is increasing because it serves as a non toxic bio based plasticizer which provides better stabilization to PVC and other chlorinated polymers. The market for ESO will experience significant growth because of this trend especially in regions with strong plastic manufacturing industries.

The food and beverage industry is another promising growth area for ESO as a stabilizer and preservative. ESO is an ideal choice for packaging applications because of its low volatility and migration and its excellent compatibility with food contact materials. This trend is particularly strong in health conscious markets where the demand for safe, sustainable packaging solutions is high.

Growth Opportunities in North America and Asia Pacific

Asia Pacific Outlook

The Asia Pacific region is another major hub for the Epoxidized soybean oil market. The market for ESO is driven by the rapid industrialization of emerging economies such as China and India. The PVC industry in the region is expanding and ESO is widely used as a plasticizer and this is a key factor that is driving the market growth. The market in this region is characterized by intense competition among local and international players and this makes innovation and pricing strategies crucial for market survival. The increasing demand for sustainable and eco friendly products in the Asia Pacific region presents lucrative opportunities for the ESO market.

North America Outlook

The North American market for Epoxidized soybean oil shows substantial growth in this region. The industrial sector in the United States drives this growth because the market demand for eco friendly plasticizers continues to increase. The regions strict environmental rules have led to increased ESO adoption because businesses want to decrease their environmental impact. The competitive market in this region forces major players to develop new products while forming strategic alliances to stay ahead in their market position. The North American ESO market experiences rapid growth because consumers increasingly understand the advantages of bio based products.

North America Outlook

The North American market for Epoxidized soybean oil shows substantial growth in this region. The industrial sector in the United States drives this growth because the market demand for eco friendly plasticizers continues to increase. The regions strict environmental rules have led to increased ESO adoption because businesses want to decrease their environmental impact. The competitive market in this region forces major players to develop new products while forming strategic alliances to stay ahead in their market position. The North American ESO market experiences rapid growth because consumers increasingly understand the advantages of bio based products.

Asia Pacific Outlook

The Asia Pacific region is another major hub for the Epoxidized soybean oil market. The market for ESO is driven by the rapid industrialization of emerging economies such as China and India. The PVC industry in the region is expanding and ESO is widely used as a plasticizer and this is a key factor that is driving the market growth. The market in this region is characterized by intense competition among local and international players and this makes innovation and pricing strategies crucial for market survival. The increasing demand for sustainable and eco friendly products in the Asia Pacific region presents lucrative opportunities for the ESO market.

Growth Opportunities in North America and Asia Pacific

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : U.S., China, Germany, India, Brazil are expected to grow at 4.8% to 7.1% CAGR

2

Emerging Markets : Indonesia, Mexico, South Africa are expected to grow at 8.5% to 10.2% CAGR

Market Analysis Chart

Epoxidized soybean oil is a vital component in the global market, with its demand primarily driven by its extensive use in numerous industries such as plastic, rubber, and coatings. As a non toxic, bio based plasticizer and stabilizer, ESO offers significant advantages over traditional petroleum based counterparts. The growing environmental consciousness and stringent regulations regarding the use of phthalate plasticizers have been key drivers for the ESO market. However, the ESO market also faces certain restraints. The fluctuating prices of soybean, a primary raw material for ESO, can impact the cost of production, thereby affecting the market growth.

Recent Developments and Technological Advancement

December 2024

The global chemical company BASF announced its Asian expansion of epoxidized soybean oil production because of rising market demand for environmentally friendly plasticizers.

October 2024

The specialty chemicals and advanced materials company Arkema Group introduced new epoxidized soybean oil products which provide superior performance for PVC applications.

August 2024

The Dow Chemical Company launched an innovative bio based epoxidized soybean oil which delivers exceptional thermal stability and low volatility for flexible PVC applications.

The market for Epoxidized soybean oil has shown substantial growth because of its wide range of industrial applications. The plastic industry mainly employs this bio based plasticizer for PVC products because it provides exceptional stabilizing properties. The plastic industry seeks eco friendly solutions at an increasing rate which drives this trend. The market dynamics for ESBO are rapidly changing.

Impact of Industry Transitions on the Epoxidized Soybean Oil Market

As a core segment of the Bio-Based C&M industry, the Epoxidized Soybean Oil market develops in line with broader industry shifts. Over recent years, transitions such as Shift Towards Bio based Plasticizers and Expansion in Emerging Markets have redefined priorities across the Bio-Based C&M sector, influencing how the Epoxidized Soybean Oil market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Shift Towards Bio based Plasticizers:

The global market for ESBO has witnessed a significant transition towards the use of bio based plasticizers. This shift has been driven by the increasing demand for non toxic and environmentally friendly plasticizers in various industries, including food and beverage packaging, consumer goods, and healthcare. The use of ESO as a bio based plasticizer has proven to be a viable alternative to traditional petroleum based plasticizers, offering benefits such as reduced carbon footprint, improved product safety, and enhanced plasticizing efficiency. This transition has significantly impacted the plasticizer industry, promoting sustainable practices and driving innovation in bio based product development.

2

Expansion in Emerging Markets:

The ESO industry has experienced a significant change through its entry into new markets. The rising understanding of ESO advantages together with developing country industrialization and urbanization has led to rising ESO market demand in Asia Pacific and South America. The market expansion has created fresh growth opportunities for ESO manufacturers while reshaping the worldwide ESO market structure.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Bio-Based C&M industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Bio-Based C&M industry cascade into the Epoxidized Soybean Oil market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Increasing Demand for Eco Friendly Plasticizers and Advancements in Green Chemistry

The market for epoxidized soybean oil also experiences rapid growth because different industries need eco friendly plasticizers. The market demand for epoxidized soybean oil as a bio based plasticizer increases because it offers lower toxicity and excellent PVC compatibility. The market continues to grow because of recent developments in green chemistry. The market prefers epoxidized soybean oil because sustainable epoxidation methods of soybean oil have also become more efficient which reduces environmental impact.
The food and beverage industry is also increasingly adopting ESBO as a stabilizer and a plasticizer in food packaging materials. This is also primarily due to its ability to limit the migration of toxic substances into food, ensuring safety and quality. The trend of using safe and sustainable food packaging materials is also driving the demand for ESBO in this sector.

Restraint: Fluctuating Raw Material Prices

The Epoxidized soybean oil market shows high sensitivity to changes in raw material prices. The production of Epoxidized soybean oil depends heavily on soybean oil as its main ingredient so changes in its price directly affect total manufacturing expenses. The unstable prices of raw materials create market unpredictability which could slow down industry expansion.

Challenge: Stringent Environmental Regulations

The manufacturing process of ESBO requires chemical transformations which generate environmental effects. The industry operates under strict environmental regulations which create substantial difficulties for its operations. The failure to follow these regulations results in severe penalties which serve as a market expansion deterrent.

Supply Chain Landscape

Soybean Cultivation

Monsanto Company

DuPont Pioneer

Soybean Oil Extraction

Archer Daniels Midland Company

Bunge Limited

Epoxidation Process
Arkema Group / The Dow Chemical Company
End User Industry
Plastic / Food and Beverage / Adhesives and Sealants
Soybean Cultivation

Monsanto Company

DuPont Pioneer

Soybean Oil Extraction

Archer Daniels Midland Company

Bunge Limited

Epoxidation Process

Arkema Group

The Dow Chemical Company

End User Industry

Plastic

Food and Beverage

Adhesives and Sealants

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Leading Providers and Their Strategies

Application AreaIndustryLeading Providers / ConsumersProvider Strategies
Plasticizers
Plastic Manufacturing
Arkema Group
Innovation and sustainability in production methods
Food Packaging
Food and Beverage
The Chemical Company
Focus on food safety and eco-friendly solutions
PVC Stabilizers
Construction and Infrastructure
Galata Chemicals
Emphasis on product durability and efficiency
Coatings
Automotive and Industrial
CHS Inc.
Prioritizing high-performance and environmentally-friendly coatings

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Epoxidized Soybean Oil market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Epoxidized Soybean Oil in Food Packaging Material, UV Cure and Plasticizer in PVC Products

Food Packaging Material

The production of food packaging materials relies heavily on ESBO as a primary material. The material stands out because it is non toxic and creates a smooth glossy finish on products. The product benefits from stabilization properties which extend its shelf life. Adeka Corporation and Ferro Corporation lead this application through their market leading position and innovative product development.

UV Cure

The UV cure applications utilize ESBO because it shows excellent reactivity to UV light. The main applications of this oil include coatings, inks and adhesives. The oils fast curing properties under UV light make it suitable for these applications. The two main companies in this sector are Galata Chemicals and Shandong Longkou Longda Chemical Industry, which are well known for their high quality products and strong market position.

Plasticizer in PVC Products

The plasticizing application of epoxidized soybean oil extends to polyvinyl chloride products. The addition of this oil to PVC products creates flexibility while reducing brittleness and improving overall performance. The excellent PVC compatibility and superior stabilizing properties of this oil make it the preferred choice over conventional plasticizers. The market leaders in this sector are Arkema SA and CHS Inc. because they provide top quality products and maintain strong market presence.

Epoxidized Soybean Oil vs. Substitutes:
Performance and Positioning Analysis

Epoxidized soybean oil stands out for its eco friendly, non toxic properties compared to phthalate based plasticizers, positioning it as a preferred choice in the green chemicals market. Its potential growth is driven by increasing demand in PVC applications

Epoxidized Soybean Oil
  • Acetylated monoglycerides /
  • Dioctyl phthalate
    High versatility, eco-friendly nature, and excellent plasticizing properties
    Limited thermal stability, potential allergenicity
    High thermal stability, cost-effectiveness
    Potential toxicity, less environmentally friendly

Epoxidized Soybean Oil vs. Substitutes:
Performance and Positioning Analysis

Epoxidized Soybean Oil

  • High versatility, eco-friendly nature, and excellent plasticizing properties
  • Limited thermal stability, potential allergenicity

Acetylated monoglycerides / Dioctyl phthalate

  • High thermal stability, cost-effectiveness
  • Potential toxicity, less environmentally friendly

Epoxidized soybean oil stands out for its eco friendly, non toxic properties compared to phthalate based plasticizers, positioning it as a preferred choice in the green chemicals market. Its potential growth is driven by increasing demand in PVC applications

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Research Methodology

This market research methodology defines the Epoxidized Soybean Oil market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Bio-Based C&M ecosystem, we analyze Epoxidized Soybean Oil across Plasticizers, UV Cure, and Fuel Additives Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:


We benchmark competitors such as Arkema group, CHS Inc., and The Chemical Company by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Soybean Cultivation, Soybean Oil Extraction, and Epoxidation Process. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Bio-Based C&M revenues to estimate the Epoxidized Soybean Oil segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Soybean Cultivation (Monsanto Company, DuPont Pioneer), Soybean Oil Extraction (Archer Daniels Midland Company, Bunge Limited), and Epoxidation Process. Our parallel substitute analysis examines Acetylated monoglycerides and Dioctyl phthalate, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as Arkema group, CHS Inc., and The Chemical Company, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Epoxidized Soybean Oil market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Epoxidized Soybean Oil Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 649 million
Revenue Forecast in 2034USD 1.23 billion
Growth RateCAGR of 7.4% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 2024604 million
Growth OpportunityUSD 630 million
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD million and Industry Statistics
Market Size 2024604 million USD
Market Size 2027748 million USD
Market Size 2029863 million USD
Market Size 2030927 million USD
Market Size 20341.23 billion USD
Market Size 20351.33 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredProduct Type, Applications, Technology, Production Process
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledArkema group, CHS Inc., The Chemical Company, Inbra Industrias Quimicas Ltda., Makwell Plastisizers Pvt. Ltd., Ferro Corporation, Galata Chemicals, Hairma Chemicals, Shandong Longkou Longda Chemical Industry, Puyang Chengyi Plasticizer Co. Ltd., Guangzhou Xinjinlong Chemical Additives Co. Ltd. and Zhejiang Jiaao Enprotech Stock Co. Ltd.
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Epoxidized Soybean Oil Market Size, Opportunities & Strategic Insights, by Product Type

4.1Food Grade
4.2Industrial Grade
4.3Pharmaceutical Grade
Chapter 5

Epoxidized Soybean Oil Market Size, Opportunities & Strategic Insights, by Applications

5.1Plasticizers
5.2UV Cure
5.3Fuel Additives
5.4Coatings
5.5Others
Chapter 6

Epoxidized Soybean Oil Market Size, Opportunities & Strategic Insights, by Technology

6.1Ring Opening Polymerization
6.2Polycondensation
6.3Others
Chapter 7

Epoxidized Soybean Oil Market Size, Opportunities & Strategic Insights, by Production Process

7.1Acid Catalyzed Epoxidation
7.2Peroxide Epoxidation
Chapter 8

Epoxidized Soybean Oil Market, by Region

8.1North America Epoxidized Soybean Oil Market Size, Opportunities, Key Trends & Strategic Insights
8.1.1U.S.
8.1.2Canada
8.2Europe Epoxidized Soybean Oil Market Size, Opportunities, Key Trends & Strategic Insights
8.2.1Germany
8.2.2France
8.2.3UK
8.2.4Italy
8.2.5The Netherlands
8.2.6Rest of EU
8.3Asia Pacific Epoxidized Soybean Oil Market Size, Opportunities, Key Trends & Strategic Insights
8.3.1China
8.3.2Japan
8.3.3South Korea
8.3.4India
8.3.5Australia
8.3.6Thailand
8.3.7Rest of APAC
8.4Middle East & Africa Epoxidized Soybean Oil Market Size, Opportunities, Key Trends & Strategic Insights
8.4.1Saudi Arabia
8.4.2United Arab Emirates
8.4.3South Africa
8.4.4Rest of MEA
8.5Latin America Epoxidized Soybean Oil Market Size, Opportunities, Key Trends & Strategic Insights
8.5.1Brazil
8.5.2Mexico
8.5.3Rest of LA
8.6CIS Epoxidized Soybean Oil Market Size, Opportunities, Key Trends & Strategic Insights
8.6.1Russia
8.6.2Rest of CIS
Chapter 9

Competitive Landscape

9.1Competitive Dashboard & Market Share Analysis
9.2Company Profiles (Overview, Financials, Developments, SWOT)
9.2.1Arkema group
9.2.2CHS Inc.
9.2.3The Chemical Company
9.2.4Inbra Industrias Quimicas Ltda.
9.2.5Makwell Plastisizers Pvt. Ltd.
9.2.6Ferro Corporation
9.2.7Galata Chemicals
9.2.8Hairma Chemicals
9.2.9Shandong Longkou Longda Chemical Industry
9.2.10Puyang Chengyi Plasticizer Co. Ltd.
9.2.11Guangzhou Xinjinlong Chemical Additives Co. Ltd.
9.2.12Zhejiang Jiaao Enprotech Stock Co. Ltd.