Soy Chemicals Market By Product Type (Soybean Oil Derivatives, Natural Extracts from Soybean, Refined Industrial Soybean Oil) By End User (Biodiesel, Bio plastics, Oleo Chemicals, Surfactants, Paints & Coatings, Printing Inks, Polyol & Thermoplastics, Elastomers & Rubbers, Plasticizer, Others), and Geography.

Purchase Option

$ 4400
$ 6600
$ 8900

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.

Soy Chemicals Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

6.24%

Largest Market

Asia Pacific

Fastest Growing Market

North America
Soy Chemicals Market Dynamics

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.

Key Features of the Reports

  • The Soy Chemicals Market report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup's details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis in addition to recent technology advancements and innovations in the market

Soy Chemicals Market Segmentation

By Product Type
  • Soybean Oil Derivatives
  • Natural Extracts from Soybean
  • Refined Industrial Soybean Oil
  • Others
By End User
  • Biodiesel
  • Bioplastics
  • Oleo Chemicals
  • Surfactants
  • Paints & Coatings
  • Printing Inks
  • Polyol & Thermoplastics
  • Elastomers & Rubbers
  • Plasticizer
  • Others
By Geography
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

 

Frequently Asked Questions

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 
  • Ag Environmental Products LLC
  • The Dow Chemical Company
  • Cargill Incorporated
  • Archer Daniels Midland Company
  • Columbus Foods Co.
  • Bunge Limited
  • Eco Safety Products
  • Elevance Renewable Sciences Inc.
  • Vertec BioSolvents Inc

Adjacent Markets