Epoxidized Soybean Oil Market to Grow with a CAGR of 5.15% through 2030

Growing demand of epoxidized soybean oil in food packaging and healthcare industry are expected to drive the Global Epoxidized Soybean Oil Market growth in the forecast period, 2026-2030

According to TechSci Research report, “Epoxidized Soybean Oil Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, the Global Epoxidized Soybean Oil Market stood at USD 477.42 Million in 2024 and is anticipated to grow with a CAGR of 5.15% in the forecast period.

Government-led initiatives aimed at promoting renewable materials have created a favorable business environment for the Global Epoxidized Soybean Oil (ESBO) Market. Several targeted actions, including financial investments and policy support, are directly accelerating the adoption and production of ESBO across key industries.

For example, a regional epoxy and resin manufacturer recently secured an investment exceeding $167,000 to enhance the renewable content in its product line. This capital injection has enabled the company to scale up its ESBO-based formulations, directly contributing to higher production capacity and improved environmental performance. Such strategic funding not only supports sustainable product innovation but also reinforces the commercial viability of ESBO in industrial applications.

Beyond direct funding, governments are actively driving research and innovation in bio-based materials. The U.S. Department of Agriculture’s Agricultural Research Service (USDA-ARS) continues to advance R&D efforts focused on developing high-value bio-based compounds from soybean oil. These efforts are expanding the technical scope and commercial applicability of ESBO in advanced materials, thereby laying the groundwork for long-term market growth.

One of the most significant end-use sectors for ESBO is the automotive industry, where it is increasingly used as a bio-based plasticizer and stabilizer in the production of PVC components. ESBO enhances the performance and longevity of automotive interior parts such as dashboards and door panels, as well as under-the-hood components. More importantly, it supports the automotive sector’s push toward sustainable manufacturing, offering a low-toxicity and renewable alternative to conventional phthalate plasticizers.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Epoxidized Soybean Oil Market”

The Global Epoxidized Soybean Oil Market is segmented into raw material, end user, regional distribution, and company.

Based on the category of end user, Adhesives & Sealants segment is projected to experience rapid growth during the forecast period. Epoxidized soybean oil functions as a reactive diluent and plasticizer in the formulation of adhesives and sealants, enhancing flexibility, adhesion, and thermal resistance. Its compatibility with a wide range of resins particularly PVC, polyurethane, and epoxy resins makes it a preferred additive across construction, packaging, electronics, and automotive manufacturing sectors. With increasing global pressure to eliminate toxic and non-biodegradable components in industrial formulations, ESBO is gaining traction as a non-phthalate, eco-friendly alternative. Adhesive and sealant manufacturers are under pressure to meet REACH, EPA, and FDA guidelines, especially in packaging and construction applications. As a result, companies are increasingly incorporating ESBO into their formulations to align with green chemistry principles and maintain regulatory compliance.

The global rise in infrastructure development and urbanization, particularly in emerging markets across Asia-Pacific and Latin America, has led to a surge in demand for high-performance adhesives and sealants. ESBO enhances the durability and elasticity of these products, making it well-suited for use in joint sealants, insulation materials, and structural adhesives all critical components in modern construction. Many leading adhesive and sealant manufacturers are shifting toward bio-based raw materials to meet sustainability targets and improve brand equity. Epoxidized soybean oil, being plant-derived and biodegradable, fits into these evolving product development strategies. It reduces the overall environmental impact without compromising product performance, which is becoming a competitive advantage in B2B markets.

Based on region, the North America region is expected to witness significant growth in the Epoxidized Soybean Oil (ESBO) market during the forecast period, primarily driven by the increasing demand across industries such as plastics, packaging, and automotive. The United States, being the largest consumer in the region, extensively utilizes ESBO in PVC stabilization and plasticization applications. Its bio-based nature, excellent thermal stability, and compatibility with various polymers make it a preferred alternative to phthalates, supporting its rapid adoption and expanding market footprint in North America.

Major companies operating in Global Epoxidized Soybean Oil Market are:

• CHS Inc.
• Arkema SA
• DOW Chemical Company
• Galata Chemicals Inc.
• Hairma Chemicals Ltd.
• Shandong Longkou Longda Chemical Industry Co., Ltd
• Ferro Corporation
• InbraIndustriasQuimicas Ltd.
• Makwell Plasticizers Pvt. Ltd.
• Adeka Corporation

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“The Global Epoxidized Soybean Oil (ESBO) Market is poised for sustained growth, driven by rising environmental regulations, increasing demand for bio-based alternatives, and expanding applications across key industries such as automotive, packaging, and construction. With strong government support, ongoing R&D initiatives, and growing consumer preference for sustainable materials, ESBO is expected to play a pivotal role in the global shift toward greener industrial solutions. Market participants who invest in innovation and capacity expansion are well-positioned to capitalize on this evolving landscape.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Epoxidized Soybean Oil Market - Global Industry Size, Share, Trends, Opportunity & Forecast, Segmented By Raw Material (Soybean Oil, Hydrogen Peroxide, Others), By End User (Food & Beverage, Personal & Healthcare, Adhesives & Sealants, Automotive, Others), By Region & Competition, 2020-2030F”, has evaluated the future growth potential of Global Epoxidized Soybean Oil Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Epoxidized Soybean Oil Market.

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