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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Soy Chemicals Market size was valued at 720.75 Million in 2022 and is estimated to reach 934.17 Million by 2029, at a CAGR of 6.24% during the forecast period 2023 to 2029. Soy chemicals are extracted from soybeans and major soy chemicals include epoxidized products, soy waxes, isoflavones, methyl soyate, lecithin, soy fatty acids, polyols and refined industrial soy oil. Soy waxes, fatty acids, methyl soyate and polyols are expected to provide potential growth opportunities for the market owing to their increasing application scope in biodiesel and renewable plastics. Soy based chemicals are preferred over petroleum based products owing to the rising prices of petroleum, availability uncertainty and trend towards green products usability.
The advance in bio technology is helping the soy based chemicals to take competitive stand against petrochemicals based products in terms of cost, performance and reduction in green gasses emission as an added advantage. Because of rising demand for biodiesel and renewable plastics, the global soy chemicals industry is predicted to rise rapidly over the next seven years. Biotechnology progress has been one of the major driving forces in the soy chemicals business in recent years. Increasing demand for biobased chemicals as a result of rising environmental concerns is expected to boost the soy-based chemicals market over the forecast period. Because of its multiple benefits in decreasing GHG emissions, soy-based chemicals are widely used in many industrial applications, substituting petrochemicals. Soy chemicals are projected to see increased demand due to their superior performance and lower cost when compared to petroleum-based compounds.
Study Period
2024-2030Base Year
2023CAGR
6.24%Largest Market
Asia PacificFastest Growing Market
North America
With the growing use of bio-based sources in various industries, the soy-based chemicals market is expected to show a considerable growth during the forecast period. Soy-based chemicals are used in various application such as paper, cosmetics & personal care, food & beverages, plastics & polymers, biodiesel, and others. The growing awareness about the harmful emissions from the use of fossil fuels has shifted to bio based products, which, in turn, is expected to drive the global soy-based chemicals market during the forecast period. Moreover soy based chemicals are price competitive with conventional products due to switching costs in value chain production steps. Soy based chemicals also struggle to grasp the competitive edge on the performance index over conventional crude oil derived products. These factors sometimes act as a restraint for the growth of the market.
Geographically, global pain management devices market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific Soy Chemicals Market holds a major share of the market and is expected to be the fastest-growing market during the forecast years. The growing manufacturing units in the region has resulted in an increase in the adoption of soy-based chemicals in the region. Moreover, the increasing demand for cosmetic & personal care in the region has further augmented the demand for soy-based chemicals. North America Soy Chemicals Market is another dominant region in the global soy-based chemicals market and is expected to show an expanding CAGR during the forecast period. The growing awareness about greenhouse emissions coupled with the stringent government regulations regarding greenhouse emissions are the major factors driving the growth of the market. Europe Soy Chemicals Market is another major region in the soy-based chemicals market. Germany, France, Spain are some of the major countries attributing to the growth of the market. The presence of stringent EU regulations regarding the harmful emissions has shifted to bio-based chemicals, which, in turn, is adding to the growth of the soy-based chemicals market in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market CAGR |
6.24% |
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By Product Type |
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By End User |
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By Region |
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Download Free Sample Report
The soy chemicals market is growing at a CAGR of 6.24% over the Forecast period
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
The soy chemicals market is studied from 2023 - 2029.
| 1.Executive Summary |
| 2.Global Soy Chemicals Market Introduction |
| 2.1.Global Soy Chemicals Market - Taxonomy |
| 2.2.Global Soy Chemicals Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.End User |
| 2.2.3.Region |
| 3.Global Soy Chemicals Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Soy Chemicals Market Analysis, 2018-2022 and Forecast 2023-2029 |
| 4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Soy Chemicals Market By Product Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 5.1. Soybean Oil Derivatives |
| 5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Natural Extracts from Soybean |
| 5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Refined Industrial Soybean Oil |
| 5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6.Global Soy Chemicals Market By End User , 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 6.1. Biodiesel |
| 6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Bio plastics |
| 6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Oleo Chemicals |
| 6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Surfactants |
| 6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Paints & Coatings |
| 6.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Printing Inks |
| 6.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Polyol & Thermoplastics |
| 6.7.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Elastomers & Rubbers |
| 6.8.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 6.9. Plasticizer |
| 6.9.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.9.3. Market Opportunity Analysis |
| 6.10. Others |
| 6.10.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.10.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.10.3. Market Opportunity Analysis |
| 7.Global Soy Chemicals Market By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Soy Chemicals Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 8.1. Product Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Soybean Oil Derivatives |
| 8.1.2.Natural Extracts from Soybean |
| 8.1.3.Refined Industrial Soybean Oil |
| 8.2. End User Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Biodiesel |
| 8.2.2.Bio plastics |
| 8.2.3.Oleo Chemicals |
| 8.2.4.Surfactants |
| 8.2.5.Paints & Coatings |
| 8.2.6.Printing Inks |
| 8.2.7.Polyol & Thermoplastics |
| 8.2.8.Elastomers & Rubbers |
| 8.2.9.Plasticizer |
| 8.2.10.Others |
| 8.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Soy Chemicals Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 9.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Soybean Oil Derivatives |
| 9.1.2.Natural Extracts from Soybean |
| 9.1.3.Refined Industrial Soybean Oil |
| 9.2. End User Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Biodiesel |
| 9.2.2.Bio plastics |
| 9.2.3.Oleo Chemicals |
| 9.2.4.Surfactants |
| 9.2.5.Paints & Coatings |
| 9.2.6.Printing Inks |
| 9.2.7.Polyol & Thermoplastics |
| 9.2.8.Elastomers & Rubbers |
| 9.2.9.Plasticizer |
| 9.2.10.Others |
| 9.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 9.3.7. |
| 10.Asia Pacific (APAC) Soy Chemicals Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Soybean Oil Derivatives |
| 10.1.2.Natural Extracts from Soybean |
| 10.1.3.Refined Industrial Soybean Oil |
| 10.2. End User Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Biodiesel |
| 10.2.2.Bio plastics |
| 10.2.3.Oleo Chemicals |
| 10.2.4.Surfactants |
| 10.2.5.Paints & Coatings |
| 10.2.6.Printing Inks |
| 10.2.7.Polyol & Thermoplastics |
| 10.2.8.Elastomers & Rubbers |
| 10.2.9.Plasticizer |
| 10.2.10.Others |
| 10.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Soy Chemicals Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Soybean Oil Derivatives |
| 11.1.2.Natural Extracts from Soybean |
| 11.1.3.Refined Industrial Soybean Oil |
| 11.2. End User Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Biodiesel |
| 11.2.2.Bio plastics |
| 11.2.3.Oleo Chemicals |
| 11.2.4.Surfactants |
| 11.2.5.Paints & Coatings |
| 11.2.6.Printing Inks |
| 11.2.7.Polyol & Thermoplastics |
| 11.2.8.Elastomers & Rubbers |
| 11.2.9.Plasticizer |
| 11.2.10.Others |
| 11.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Soy Chemicals Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Soybean Oil Derivatives |
| 12.1.2.Natural Extracts from Soybean |
| 12.1.3.Refined Industrial Soybean Oil |
| 12.2. End User Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Biodiesel |
| 12.2.2.Bio plastics |
| 12.2.3.Oleo Chemicals |
| 12.2.4.Surfactants |
| 12.2.5.Paints & Coatings |
| 12.2.6.Printing Inks |
| 12.2.7.Polyol & Thermoplastics |
| 12.2.8.Elastomers & Rubbers |
| 12.2.9.Plasticizer |
| 12.2.10.Others |
| 12.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Ag Environmental Products LLC |
| 13.2.2.The Dow Chemical Company |
| 13.2.3.Cargill Incorporated |
| 13.2.4.Archer Daniels Midland Company |
| 13.2.5.Columbus Foods Co. |
| 13.2.6. |
| 13.2.7.Bunge Limited |
| 13.2.8.Eco Safety Products |
| 13.2.9.Elevance Renewable Sciences Inc. |
| 13.2.10.Vertec BioSolvents Inc |
| 13.2.11. |
| 13.2.12. |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.