Soy Chemicals Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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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 (North America, Latin America, Europe, Asia Pacific and Middle East and Africa)

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Report

Description

Soy Chemicals Market size was valued at 623.75 Million in 2021 and is estimated to reach 834.17 Million by 2028, at a CAGR of 4.24% during the forecast period 2022 to 2028. 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

MARKET SUMMARY
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4.24%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 4.24%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North America

Soy Chemicals Market

  • Global soy chemicals market report gives comprehensive outlook on soy chemicals across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on global soy chemicals market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, application, end user and region.
  • This report studies global soy chemicals market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global soy chemicals products
Market Key Players
  • 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
Market Dynamics

Soy Chemicals Market

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.


North-America Got Significant Share

Soy Chemicals 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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Notable Market Developments

  • In September 14, 2018 – Cargill has reached an agreement to acquire Konspol, one of Poland’s leading value-added food companies, providing an array of products in the chilled convenience, frozen and cold cut categories.

Key

Key Features of the Report

Soy Chemicals Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • 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

Description

Soy Chemicals Market size was valued at 623.75 Million in 2021 and is estimated to reach 834.17 Million by 2028, at a CAGR of 4.24% during the forecast period 2022 to 2028. 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.

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