The epoxidized soybean oil market is projected to grow from USD 494 million in 2023 to USD 648 million in 2028 at a CAGR of 5.6%. The global Epoxidized Soybean Oil (ESBO) industry is undergoing significant growth, driven by its wide range applications and the rising demand for sustainable alternatives. Most manufacturers in this market are based in North America and Asia Pacific. CHS Inc. (US), Galata Chemicals LLC (US), Cargill (US), Nan Ya Plastics Corporation (Taiwan), and Adeka Corporation (Japan) are among the leading players operating in the epoxidized soybean oil market. These players have adopted various growth strategies to strengthen their position in the market. This includes expansions and acquisition activities further to expand their presence in the epoxidized soybean oil market.
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Epoxidized Soybean Oil Companies
CHS Inc. (US)
CHS Inc. operates as an integrated agricultural company, with its organizational structure divided into two main segments: Energy and Ag. Within these segments, there are various operating divisions. The processing and food ingredients segment, falling under the Ag business segment, is responsible for company’s epoxidized soybean oil business. Operations in this segment are conducted across multiple facilities, including those in Mankato and Fairmont in Minnesota, Creston in Iowa, and Ashdod in Israel. Although CHS primarily operates in North America, it has a substantial presence in South America, Europe, and the Asia-Pacific region.
Galata Chemicals LLC (US)
Galata Chemicals is as a prominent global manufacturer specializing in additives used across diverse PVC and polymer applications. In 2010, the PVC additives business of Chemtura Corporation was acquired, leading to the formation of Galata Chemicals through a collaboration between Artek Surfin Chemicals Ltd. and Aterian Investment Partners. The company plays a significant role in producing a range of additives, including mixed metal heat stabilizers, tin heat stabilizers, epoxidized soybean oil, polymer modifiers, and chemical foaming agents, serving various applications beyond PVC. Galata Chemicals has established a strong global presence With manufacturing facilities in Taft, Louisiana, and Lampertheim, Germany, along with a technical center in Navi Mumbai, India.
Cargill (US)
Cargill is dedicated to providing the world with food, ingredients, agricultural solutions, and industrial products in a manner that prioritizes safety, responsibility, and sustainability. With a rich history spanning 159 years, the company seamlessly blends traditional expertise with new innovations and insights. Cargill is persistent in its commitment to being a dependable partner for customers across the food, agriculture, financial, and industrial sectors, building trust through its extensive experience and firm dedication. The company serves as a crucial link between farmers and markets, connects customers with essential ingredients, and ensures that families have access to daily necessities, spanning from the food they consume to the materials used in their living spaces. Cargill’s global team members are united by a shared commitment to purposeful innovation, striving to empower partners and communities in their efforts to responsibly and sustainably nourish the world.
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Nan Ya Plastics Corporation (Taiwan)
Nan Ya Plastics Corporation engages in the manufacturing of plastic processing products, petrochemicals, electronic materials, and polyester. The company’s operations are divided into several segments, namely the plastics industry, chemical industry, electronic industry, polyester industry, and other industries. Nan Ya Plastics offers an extensive array of products, such as chemicals, fibers, textiles, and machinery, serving a wide range of applications. These applications span across household items, outdoor sports equipment, transportation materials, building materials coatings, appliances, civil farming, industrial uses, and various other applications.
Adeka Corporation (Japan)
Adeka Corporation specializes in the chemicals and food products industries, with its operations organized into six segments. These segments are Life Sciences Business, Food Business, Electronics and IT Materials, Functional Chemicals, Polymer Additives, and Others. Within the Chemical business segment, Adeka is involved in the production of plastic additives, oleochemicals, electronic industrial materials, and materials for information displays and recording media. The Food products segment encompasses processed oils and fats, as well as treated foods.
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