The soybean oil serves as a plasticizer for hydrochloric acid released when the PVC degrades thermally. There is a high demand for soybean oil from the automobile industry as this type of oil is used as a lubricant that can help to improve the fuel efficiency of the automotive engine. Hence, the growing demand for this oil is projected to drive the growth of this market. Further, the soybean oil is temperature resistant, eco-friendly, and readily available. This type of oil requires lower cost of production, which is another major factor driving this market’s growth.

https://www.fortunebusinessinsights.com/soybean-oil-market-106282
The soybean oil serves as a plasticizer for hydrochloric acid released when the PVC degrades thermally. There is a high demand for soybean oil from the automobile industry as this type of oil is used as a lubricant that can help to improve the fuel efficiency of the automotive engine. Hence, the growing demand for this oil is projected to drive the growth of this market. Further, the soybean oil is temperature resistant, eco-friendly, and readily available. This type of oil requires lower cost of production, which is another major factor driving this market’s growth. https://www.fortunebusinessinsights.com/soybean-oil-market-106282
Soybean Oil Market Size, Share, Report [2028] | Covid-19 Impact
The global soybean oil market is projected to grow from $48.16 billion in 2021 to $60.08 billion by 2028, exhibiting a CAGR of 3.21% in forecast period
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