Epoxidized Soybean Oil (ESBO) is a bio-based plasticizer derived from soybean oil through epoxidation. It is widely used in polyvinyl chloride (PVC) products due to its excellent compatibility, stability, and environmental friendliness. The market is experiencing growth driven by increasing demand for sustainable plasticizers and stringent environmental regulations.
MARKET SIZE (2023):
APPROXIMATELY USD 12 MILLION
PROJECTED MARKET SIZE (2035): AROUND USD 17.38 MILLION
COMPOUND ANNUAL GROWTH RATE (CAGR): 4.20% DURING THE FORECAST PERIOD.
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Study focuses on evaluating the market landscape, consumer trends, and competition pertinent to the new product.
Emerging demand, limited market share.
Strong growth from genetic and academic research
Leading market, driven by biotech and pharma R&D
Fastest-growing region, led by China and India.
