Industrial Grade Dominates with 74.6% Share in Epoxidized Soybean Oil Market

According to the new market research report “Global Epoxidized Soybean Oil Supply, Demand and Key Producers, 2025-2031”, published by Global Info Research, the global Epoxidized Soybean Oil market size is projected to reach USD 0.99 billion by 2030, at a CAGR of 5.4% during the forecast period.

Market Drivers

The epoxidized soybean oil (ESBO) market is primarily driven by rising demand for eco-friendly plasticizers and stabilizers as industries shift away from phthalates due to health and environmental concerns. Its biodegradability, low toxicity, and cost-effectiveness make ESBO attractive in PVC products, coatings, adhesives, and sealants. Regulatory support for bio-based chemicals in Europe and North America, along with increasing consumer preference for sustainable materials, further boosts demand. The growth of packaging, automotive, and construction industries, especially in Asia-Pacific, accelerates usage. Additionally, the agricultural abundance of soybeans ensures a steady raw material supply, supporting large-scale ESBO production and market expansion.

Restraints

Despite positive outlook, the ESBO market faces several restraints. Price volatility of soybeans, influenced by climate change, trade policies, and biofuel demand, directly impacts production costs. Limited thermal stability and performance compared to certain petrochemical plasticizers can restrict ESBO adoption in high-temperature applications. Competition from alternative bio-based and non-phthalate plasticizers also challenges market penetration. Inconsistent regulations across regions, particularly in developing economies, can hinder uniform adoption. Additionally, the dependence on agricultural feedstock raises sustainability concerns related to land use, deforestation, and food security, creating long-term challenges for scaling ESBO production sustainably without affecting food supply chains.

Opportunities

The ESBO market has significant opportunities driven by the increasing shift toward circular economy and green chemistry solutions. Advancements in technology to enhance ESBO’s heat and light stability could broaden its use in demanding applications like automotive interiors and electrical components. Growing investments in bio-based chemicals and renewable raw materials in Asia-Pacific and Latin America create expansion opportunities for producers. Rising demand for flexible PVC in medical devices, consumer goods, and food packaging opens new avenues. Furthermore, collaborations between chemical companies and packaging or automotive manufacturers can foster innovation, positioning ESBO as a key sustainable plasticizer and stabilizer worldwide.

Figure1. Global Epoxidized Soybean Oil Market Size (US$ Million), 2019-2030

Figure2. Global Epoxidized Soybean Oil Top Players Ranking and Market Share (Ranking is based on the revenue of 2024, continually updated)

According to Global Info Research Top Players Research Center, the global key manufacturers of Epoxidized Soybean Oil include Hairma Chemicals, Cargill, CHS, BASF, ADEKA, Zhejiang Jiaao, Dongguan Lingchuang, Xinjinlong Chemical Additives, Nan Ya Plastics, Valtris Specialty Chemicals, etc. In 2024, the global top five players had a share approximately 45.0% in terms of revenue.

Figure3. Epoxidized Soybean Oil, Global Market Size, Split by Product Segment

In terms of product type, currently Industrial Grade is the largest segment, hold a share of 74.6%.

In terms of product type, type one is the largest segment, hold a share of xx%,

Figure4. Epoxidized Soybean Oil, Global Market Size, Split by Application Segment

In terms of product application, currently Packaging is the largest segment, hold a share of 28.4%.

The subject content of the Epoxidized Soybean Oil report research consists of 13 chapters:
Chapter 1, to describe Epoxidized Soybean Oil product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Epoxidized Soybean Oil, with revenue, gross margin, and global market share of Epoxidized Soybean Oil from 2019 to 2024.
Chapter 3, the Epoxidized Soybean Oil competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2019 to 2030.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Epoxidized Soybean Oil market forecast, by regions, by Type and by Application, with consumption value, from 2025 to 2031.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Epoxidized Soybean Oil.
Chapter 13, to describe Epoxidized Soybean Oil research findings and conclusion.

For more information, please refer to "Global Epoxidized Soybean Oil Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031". This report analyzes the supply and demand situation, development status, and changes in the industry, focusing on the development status of the industry, how to face the development challenges of the industry, industry development suggestions, industry competitiveness, and industry investment analysis and trend forecasts. The report also summarizes the overall development dynamics of the industry, including the impact of the latest US tariffs on the global supply chain, the supply relationship analysis of the industrial chain, and provides reference suggestions and specific solutions for the industry in terms of products.