Epoxidized soybean oil is configured when soybean oil encounters an epoxidation procedure, which escalates its reactivity juxtaposed to the carbon-carbon double bond. The epoxidized soybean oil market size is expanding as when epoxidized; the soybean oil transforms into an appropriate plasticizer and hydrochloric acid scavenger. ESO is a liquid that is yellow colored and is utilized in PVC plastics in a configuration of a stabilizer and plasticizer. ESO is also utilized in gaskets, compounds, films, and masterbatches for making several commodities such as sheet substances, sealing slips of refrigerators, fabricated tubing, rendering packaging substances, plastic wallpaper, and fabricated leather.
As per the recent analysis by Polaris Market Research, the global epoxidized soybean oil market size was valued at USD 481.26 million in 2023 and is predicted to reach USD 760.14 million by 2032. Also, the study states that the market reveals a robust 5,2% Compound Annual Growth Rate (CAGR) over the predicted timeframe, 2024-2032.
Uses of Epoxidized Soybean Oil
- ESO is willingly obtainable for industrial usage at a limited price as soybean oil is also an economical vegetable oil that is readily obtainable worldwide. ESO has been swiftly restoring DOP for several applications as it is eco-friendly and non-toxic.
- ESO is predominantly utilized as a plasticizer and stabilizer in PVC plastic, its copolymers, and several other plastics. ESPO attaches flexibility and softness to these plastics.
- ESO is utilized in the configuration of raw material for many reasons such as pharmaceutical and agricultural molecules, operational fluids, polyol substitution, fuel supplements, surfactants, overlaying, sealants, outstanding inks and glues.
Epoxidation of Soybean Oil to Procure ESBO
Epoxidized oils are crucial chemicals commonly utilized as plasticizers and stabilizers for PVC resins. Presently, it is crucial to multiply the ESBO efficacy as this matter is a superior reserve of phthalates as plasticizers since these phthalates have been disallowed in several nations for their negative impacts on health. The epoxidized soybean oil market sales are soaring with the epoxidation of vegetable oil for instance soybean oil usually executed by proceeding the double bonds of the oil with a peroxyacid created motionless by proceeding intensive hydrogen peroxide with asetic or formic acid in the attendance of mineral acid as catalyst.
Growth Drivers
The growing demand for eco-friendly and viable commodities has caused notable development in the market for bio-dependent lubricants involving ESO. Customers are dropping options for conventional synthetic lubricants that emanate from nonrenewable origins and can have a negative influence on the environment. Bio-dependent lubricants such as ESO provide an ecological alternative that is made from green resources and recyclable materials, decreasing the carbon footprint and reducing detrimental emissions.
Food and Beverage Ruled the Market
The food and beverage segment dominated the market due to its inventiveness and escalating demand for viable and robust options to conventional plasticizers. Epoxidized soybean oil is a benign, decomposable, and green material that can be used as a plasticizer in innumerable applications such as bottles, containers, and food packaging. It is an alluring option to phthalates, which have been linked to many health issues and are being turned off slowly. Further, the usage of ESBO in food packaging assists in decreasing carbon footprint. It conforms to directives established by several governments and firms additionally pushing the acquisition in this sector.
Final Thoughts
Behaving as a polymeric-type plasticizer because of its elevated molecular weight, it combats migration, volatilization, and removal. Further, ESO behaves as an acid scour for soy-dependent inks, agricultural chemicals, and insecticides. In the epoxidized soybean oil market, ESO can be utilized as a pigment scattering agent, chemical median, supplement for specialty coatings, adhesives, and urethanes, and in grease and cutting oils.