Market Overview:
The global soy-based chemicals market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for biofuels and plastics, and rising awareness about the benefits of soy-based chemicals. Soy-based chemicals are used in various applications such as biodiesel, plastic and polymers, personal care and cosmetics, food and beverages, paper and pulp, among others. North America dominates the global soy-based chemicals market due to the presence of key players in this region coupled with high demand for biofuels from countries such as the US.
Product Definition:
Soy-based chemicals are chemicals derived from soybeans. Soy-based chemicals have a variety of applications, including in the production of plastics, adhesives, and coatings. They are also used as ingredients in a variety of consumer products, including cosmetics and personal care products. Soy-based chemicals offer environmental benefits compared to traditional petroleum-based chemicals, as they are biodegradable and can be produced from renewable resources.
Fatty Acids:
Fatty acids are the most important raw materials for the production of soya-based chemicals. Soya-based chemicals such as lecithin, fatty alcohols and polyols can be produced directly from soya oil or indirectly through conversion of other vegetable oils such as coconut oil and palm oils. The major reason to use fatty acids in manufacturing is that they are renewable resource which can be recycled to produce more soya oil.
Polyols:
Polyols are a class of chemical compounds that contain oxygen and sugar. They are used as feedstock for the production of various chemicals such as glycerol, propylene glycol, and polyols esters. The global polyols market is expected to witness significant growth on account of increasing demand from the pharmaceutical industry owing to rising health awareness among consumers across the world especially in emerging economies including China, India, Brazil and Mexico.
Application Insights:
Biodiesel was the most dominant application segment in 2017 and accounted for over 85% of total consumption. Rising awareness regarding environment protection coupled with growing demand for biodiesel from various end-use industries is expected to drive soy-based chemicals market over the forecast period.
Plastic and polymers are anticipated to be one of the fastest growing segments owing to increasing demand from packaging sector which has been expanding at a rapid pace due to high consumerism in emerging economies such as China, India, Brazil, Mexico and South Africa. Other prominent applications include personal care products where it is used as an active or passive ingredient (i.e., preservative) or filler material.
Regional Analysis:
Asia Pacific accounted for the largest share of over 40% in 2017. The region is expected to witness significant growth on account of increasing product demand from various end-use industries, including plastic and polymers, personal care and cosmetics, biodiesel, food and beverages. China was the largest consumer as well as producer of soy-based chemicals in this region owing to easy access to raw materials coupled with cheap labor costs.
Europe is anticipated to be one of the fastest growing regional markets due to stringent regulations regarding VOC emissions coupled with rising environmental concerns about synthetic chemical products that are replacing petroleum-based ones. This factor is projected to result in increased demand for bio-based chemicals from major sectors including plastics and polymers; personal care; biodiesel; food processing industry which will drive overall market growth over the forecast period.
Growth Factors:
- Growing demand for bio-based chemicals in various industries
- Rising awareness about the benefits of soy-based chemicals over traditional petrochemical products
- Increasing R&D investments by key players to develop new and innovative soy-based products
- Growing popularity of eco-friendly and sustainable products among consumers
- Proliferation of soybean cultivation across different geographies
Scope Of The Report
Report Attributes
Report Details
Report Title
Soy-Based Chemicals Market Research Report
By Type
Fatty Acids, Polyols, Soy-waxes, Methyl-soyate, Isoflavones, Other
By Application
Biodiesel, Plastic and Polymers, Personal Care and Cosmetics, Food and Beverages, Paper and Pulp, Other
By Companies
Dow Chemical, Cargill, ADM, Columbus Foods, Bunge Limited, Eco Safety Products, Elevance Renewable Sciences, Vertec BioSolvents Inc., Soy Technologies
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
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Soy-Based Chemicals Market Report Segments:
The global Soy-Based Chemicals market is segmented on the basis of:
Types
Fatty Acids, Polyols, Soy-waxes, Methyl-soyate, Isoflavones, Other
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
Biodiesel, Plastic and Polymers, Personal Care and Cosmetics, Food and Beverages, Paper and Pulp, Other
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:
- Dow Chemical
- Cargill
- ADM
- Columbus Foods
- Bunge Limited
- Eco Safety Products
- Elevance Renewable Sciences
- Vertec BioSolvents Inc.
- Soy Technologies
Highlights of The Soy-Based Chemicals 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:
- Fatty Acids
- Polyols
- Soy-waxes
- Methyl-soyate
- Isoflavones
- Other
- By Application:
- Biodiesel
- Plastic and Polymers
- Personal Care and Cosmetics
- Food and Beverages
- Paper and Pulp
- Other
- 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 Soy-Based Chemicals 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Soy-based chemicals are those that are made from soybeans. Soy-based chemicals can be used in a variety of products, including plastics, paints, and adhesives.
Some of the key players operating in the soy-based chemicals market are Dow Chemical, Cargill, ADM, Columbus Foods, Bunge Limited, Eco Safety Products, Elevance Renewable Sciences, Vertec BioSolvents Inc., Soy Technologies.
The soy-based chemicals market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Soy-Based Chemicals Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Soy-Based Chemicals Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Soy-Based Chemicals Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Soy-Based Chemicals Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Soy-Based Chemicals Market Size & Forecast, 2018-2028
4.5.1 Soy-Based Chemicals Market Size and Y-o-Y Growth
4.5.2 Soy-Based Chemicals Market Absolute $ Opportunity
Chapter 5 Global Soy-Based Chemicals Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Soy-Based Chemicals Market Size Forecast by Type
5.2.1 Fatty Acids
5.2.2 Polyols
5.2.3 Soy-waxes
5.2.4 Methyl-soyate
5.2.5 Isoflavones
5.2.6 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Soy-Based Chemicals Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Soy-Based Chemicals Market Size Forecast by Applications
6.2.1 Biodiesel
6.2.2 Plastic and Polymers
6.2.3 Personal Care and Cosmetics
6.2.4 Food and Beverages
6.2.5 Paper and Pulp
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Soy-Based Chemicals Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Soy-Based Chemicals Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Soy-Based Chemicals Analysis and Forecast
9.1 Introduction
9.2 North America Soy-Based Chemicals Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Soy-Based Chemicals Market Size Forecast by Type
9.6.1 Fatty Acids
9.6.2 Polyols
9.6.3 Soy-waxes
9.6.4 Methyl-soyate
9.6.5 Isoflavones
9.6.6 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Soy-Based Chemicals Market Size Forecast by Applications
9.10.1 Biodiesel
9.10.2 Plastic and Polymers
9.10.3 Personal Care and Cosmetics
9.10.4 Food and Beverages
9.10.5 Paper and Pulp
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Soy-Based Chemicals Analysis and Forecast
10.1 Introduction
10.2 Europe Soy-Based Chemicals Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Soy-Based Chemicals Market Size Forecast by Type
10.6.1 Fatty Acids
10.6.2 Polyols
10.6.3 Soy-waxes
10.6.4 Methyl-soyate
10.6.5 Isoflavones
10.6.6 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Soy-Based Chemicals Market Size Forecast by Applications
10.10.1 Biodiesel
10.10.2 Plastic and Polymers
10.10.3 Personal Care and Cosmetics
10.10.4 Food and Beverages
10.10.5 Paper and Pulp
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Soy-Based Chemicals Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Soy-Based Chemicals Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Soy-Based Chemicals Market Size Forecast by Type
11.6.1 Fatty Acids
11.6.2 Polyols
11.6.3 Soy-waxes
11.6.4 Methyl-soyate
11.6.5 Isoflavones
11.6.6 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Soy-Based Chemicals Market Size Forecast by Applications
11.10.1 Biodiesel
11.10.2 Plastic and Polymers
11.10.3 Personal Care and Cosmetics
11.10.4 Food and Beverages
11.10.5 Paper and Pulp
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Soy-Based Chemicals Analysis and Forecast
12.1 Introduction
12.2 Latin America Soy-Based Chemicals Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Soy-Based Chemicals Market Size Forecast by Type
12.6.1 Fatty Acids
12.6.2 Polyols
12.6.3 Soy-waxes
12.6.4 Methyl-soyate
12.6.5 Isoflavones
12.6.6 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Soy-Based Chemicals Market Size Forecast by Applications
12.10.1 Biodiesel
12.10.2 Plastic and Polymers
12.10.3 Personal Care and Cosmetics
12.10.4 Food and Beverages
12.10.5 Paper and Pulp
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Soy-Based Chemicals Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Soy-Based Chemicals Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Soy-Based Chemicals Market Size Forecast by Type
13.6.1 Fatty Acids
13.6.2 Polyols
13.6.3 Soy-waxes
13.6.4 Methyl-soyate
13.6.5 Isoflavones
13.6.6 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Soy-Based Chemicals Market Size Forecast by Applications
13.10.1 Biodiesel
13.10.2 Plastic and Polymers
13.10.3 Personal Care and Cosmetics
13.10.4 Food and Beverages
13.10.5 Paper and Pulp
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Soy-Based Chemicals Market: Competitive Dashboard
14.2 Global Soy-Based Chemicals Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Dow Chemical
14.3.2 Cargill
14.3.3 ADM
14.3.4 Columbus Foods
14.3.5 Bunge Limited
14.3.6 Eco Safety Products
14.3.7 Elevance Renewable Sciences
14.3.8 Vertec BioSolvents Inc.
14.3.9 Soy Technologies
