Market Overview:
The Global Medical Grade Epoxidized Soybean Oil Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for medical grade epoxidized soybean oil in PVC products and chemical products applications. In addition, the growing awareness about the benefits of medical grade epoxidized soybean oil is also contributing to the market growth. However, volatility in prices of raw materials may restrain market growth during the forecast period. Based on type, oxirane oxygen content 6.8% min segment is expected to dominate the global medical grade epoxidized soybean oil market during 2018-2030 due its superior properties such as low volatility and high reactivity when compared with other types of oxirane oxygen content available in the market.
Product Definition:
Medical grade epoxidized soybean oil is a purified, refined, and oxygenated vegetable oil. It is used as a medical device lubricant and coating because of its stability and resistance to oxidation.
Oxirane Oxygen, 6.8% min:
Oxirane oxygen is a colorless gas with a mild pleasant odor. It is formed by the reaction of oxirane and oxygen. Oxiranes are organic compounds that contain a saturated carbon chain and no other functional groups. They are produced on an industrial scale for use as fuel in oil refining, chemical manufacturing, etc., but also find application as welding agents, refrigerants, etc.
Oxirane Oxygen, 6.2% min:
Oxirane oxygen, also known as oxirane gas or oxygen gas, is a colorless and highly flammable organic compound. It has a strong odor similar to that of gasoline. Oxirane is manufactured by the reaction between oxides of nitrogen and hydrogen in the presence of catalysts such as zinc chloride or calcium carbonate.
Application Insights:
PVC products was the largest application segment in 2015, accounting for over 35% of the global market. PVC is used in various applications such as medical devices packaging, automotive interior trim and molding compounds. The product is also used to produce biodegradable plastics that are suitable for food contact applications. These factors are anticipated to drive demand from the growing packaging industry over the forecast period.
Epoxidized soya oil finds its major use as a raw material in manufacturing biodiesel and other chemical derivatives such as polyglycolic acid (PGA), methylenebis (ethylene-butanol) adipate copolymer (MEA), glycerol laurate, soybean protein isolate and others which find their major application in paints & coatings industry globally owing to high energy content per unit weight when compared with conventional diesel fuel or gasoline counterparts globally.
Regional Analysis:
North America was the largest regional market in 2017 owing to the presence of a large number of manufacturers and exporters. The region is expected to maintain its dominance over the forecast period due to increasing demand for medical supplies, PVC products, and chemical products.
The Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast years on account of rapid industrialization coupled with rising health awareness among people leading to an increase in consumption of epoxidized soybean oil as nutritional supplements. In addition, growing population along with increased living standards have led many consumers across developing countries including China and India prefer packaged food resulting in high demand for plasticizers which will further boost growth over next eight years.
Growth Factors:
- Increasing demand for medical grade epoxidized soybean oil in the pharmaceutical and cosmetic industries as a result of its properties such as non-toxicity, biodegradability, and environmental friendliness.
- Rising awareness about the benefits of medical grade epoxidized soybean oil among consumers, which is likely to boost its demand in the near future.
- Growing research and development activities for new applications of medical grade epoxidized soybean oil across different industries.
- Increasing investments by key players in this market to expand their production capacities and meet the rising demand for medical grade epoxidized soybean oil globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Grade Epoxidized Soybean Oil Market Research Report
By Type
Oxirane Oxygen, 6.8% min, Oxirane Oxygen, 6.2% min
By Application
PVC Products, Chemical Products
By Companies
Arkema, Hairma Chemicals, CHS, Xinjinlong Chemical Additives, Galata Chemicals, Dongguan Lingchuang, Longda Oil Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Medical Grade Epoxidized Soybean Oil Market Report Segments:
The global Medical Grade Epoxidized Soybean Oil market is segmented on the basis of:
Types
Oxirane Oxygen, 6.8% min, Oxirane Oxygen, 6.2% min
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
PVC Products, Chemical Products
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Arkema
- Hairma Chemicals
- CHS
- Xinjinlong Chemical Additives
- Galata Chemicals
- Dongguan Lingchuang
- Longda Oil Technology
Highlights of The Medical Grade Epoxidized Soybean Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Oxirane Oxygen, 6.8% min
- Oxirane Oxygen, 6.2% min
- By Application:
- PVC Products
- Chemical Products
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Grade Epoxidized Soybean Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical grade epoxidized soybean oil is a refined product made from soybean oil that has been treated with an epoxy resin. This treatment makes the oil resistant to oxidative damage and allows it to be used in products where high levels of oxidation are undesirable, such as cosmetics and food packaging.
Some of the major companies in the medical grade epoxidized soybean oil market are Arkema, Hairma Chemicals, CHS, Xinjinlong Chemical Additives, Galata Chemicals, Dongguan Lingchuang, Longda Oil Technology.
The medical grade epoxidized soybean oil market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Medical Grade Epoxidized Soybean Oil Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Medical Grade Epoxidized Soybean Oil Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Medical Grade Epoxidized Soybean Oil Market - Supply Chain
4.5. Global Medical Grade Epoxidized Soybean Oil Market Forecast
4.5.1. Medical Grade Epoxidized Soybean Oil Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Medical Grade Epoxidized Soybean Oil Market Size (000 Units) and Y-o-Y Growth
4.5.3. Medical Grade Epoxidized Soybean Oil Market Absolute $ Opportunity
5. Global Medical Grade Epoxidized Soybean Oil Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Medical Grade Epoxidized Soybean Oil Market Size and Volume Forecast by Type
5.3.1. Oxirane Oxygen, 6.8% min
5.3.2. Oxirane Oxygen, 6.2% min
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Medical Grade Epoxidized Soybean Oil Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Medical Grade Epoxidized Soybean Oil Market Size and Volume Forecast by Application
6.3.1. PVC Products
6.3.2. Chemical Products
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Medical Grade Epoxidized Soybean Oil Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Medical Grade Epoxidized Soybean Oil Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Medical Grade Epoxidized Soybean Oil Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Medical Grade Epoxidized Soybean Oil Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Medical Grade Epoxidized Soybean Oil Demand Share Forecast, 2019-2026
9. North America Medical Grade Epoxidized Soybean Oil Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Medical Grade Epoxidized Soybean Oil Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Medical Grade Epoxidized Soybean Oil Market Size and Volume Forecast by Application
9.4.1. PVC Products
9.4.2. Chemical Products
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Medical Grade Epoxidized Soybean Oil Market Size and Volume Forecast by Type
9.7.1. Oxirane Oxygen, 6.8% min
9.7.2. Oxirane Oxygen, 6.2% min
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Medical Grade Epoxidized Soybean Oil Demand Share Forecast, 2019-2026
10. Latin America Medical Grade Epoxidized Soybean Oil Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Medical Grade Epoxidized Soybean Oil Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Medical Grade Epoxidized Soybean Oil Market Size and Volume Forecast by Application
10.4.1. PVC Products
10.4.2. Chemical Products
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Medical Grade Epoxidized Soybean Oil Market Size and Volume Forecast by Type
10.7.1. Oxirane Oxygen, 6.8% min
10.7.2. Oxirane Oxygen, 6.2% min
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Medical Grade Epoxidized Soybean Oil Demand Share Forecast, 2019-2026
11. Europe Medical Grade Epoxidized Soybean Oil Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Medical Grade Epoxidized Soybean Oil Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Medical Grade Epoxidized Soybean Oil Market Size and Volume Forecast by Application
11.4.1. PVC Products
11.4.2. Chemical Products
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Medical Grade Epoxidized Soybean Oil Market Size and Volume Forecast by Type
11.7.1. Oxirane Oxygen, 6.8% min
11.7.2. Oxirane Oxygen, 6.2% min
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Medical Grade Epoxidized Soybean Oil Demand Share, 2019-2026
12. Asia Pacific Medical Grade Epoxidized Soybean Oil Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Medical Grade Epoxidized Soybean Oil Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Medical Grade Epoxidized Soybean Oil Market Size and Volume Forecast by Application
12.4.1. PVC Products
12.4.2. Chemical Products
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Medical Grade Epoxidized Soybean Oil Market Size and Volume Forecast by Type
12.7.1. Oxirane Oxygen, 6.8% min
12.7.2. Oxirane Oxygen, 6.2% min
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Medical Grade Epoxidized Soybean Oil Demand Share, 2019-2026
13. Middle East & Africa Medical Grade Epoxidized Soybean Oil Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Medical Grade Epoxidized Soybean Oil Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Medical Grade Epoxidized Soybean Oil Market Size and Volume Forecast by Application
13.4.1. PVC Products
13.4.2. Chemical Products
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Medical Grade Epoxidized Soybean Oil Market Size and Volume Forecast by Type
13.7.1. Oxirane Oxygen, 6.8% min
13.7.2. Oxirane Oxygen, 6.2% min
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Medical Grade Epoxidized Soybean Oil Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Medical Grade Epoxidized Soybean Oil Market: Market Share Analysis
14.2. Medical Grade Epoxidized Soybean Oil Distributors and Customers
14.3. Medical Grade Epoxidized Soybean Oil Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Arkema
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hairma Chemicals
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. CHS
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Xinjinlong Chemical Additives
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Galata Chemicals
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Dongguan Lingchuang
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Longda Oil Technology
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
