Global Soy-Based Chemicals Industry Outlook: Growing Alertness Regarding the Advantages of Bio-Based Products to Drive the Market Growth

According to the latest report published by Variant Market Research, the global soy-based chemicals market size is projected to reach $22.8 Billion by 2024 from $12.4 Billion in 2016. In this report, soy-based chemicals market forecast says that the global market is growing at 7.9% CAGR from 2016 to 2024.

Click Here to Request a Free Sample PDF of This Report @ https://www.variantmarketresearch.com/report-categories/chemicals-materials/soy-based-chemicals-market/sample-request

High demand for bio-degradable plastics from soy-based materials to fuel the global market

The global soy-based chemicals market trend comprises growing alertness regarding the advantages of bio-based products, stringent ecological rules, and high demand for bio-degradable plastics from soy-based materials. However, deficit of raw material essential for this product might limit the soy-based chemicals market growth. Furthermore, mounting demand for usage of soy-based chemicals in food & beverage industry would offer an opportunity for players of market.  

Market Segmentations                                      

The global soy-based chemicals market is classified into type, application and geography. Type segment includes soy-oil, polyols, fatty acids, soy wax, isoflavones, methyl soyate, and other types. Further, the market is classified on basis of application into food & beverages, plastic & polymers, biodiesel, paper & pulp, cosmetic, and other applications. North America (U.S., Mexico, and Canada), Europe (France, Italy, Germany, UK, and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in this market.

Get Table of Content (TOC) @ https://www.variantmarketresearch.com/report-categories/chemicals-materials/soy-based-chemicals-market/toc

Soy-oil, by type dominated the global market in 2016

In 2016, soy-oil in the type dominated the global soy-based chemicals market with maximum market share and expected to continue its dominance over the forecast period, 2016– 2024. The growth of this segment is driven by high usage of soy-oil in food & beverages industry.

Biodiesel accounted for the largest share in the application segment in 2016

In the application segment, biodiesel held the major market shares in 2016. It is a renewable fuel and has increasing use in many end-use industries such as transportation, industrial, agricultural, and commercial, which is the driving factor for the growth of this segment.

North America was the highest revenue generating region in 2016

North America was leading region with major market share of 34.6% in 2016 and anticipated to continue its dominance over the forecast period, 2016– 2024, due to huge demand for bio-based chemicals & products as well as advanced agriculture industry in this region.

To browse the complete report, visit at https://www.variantmarketresearch.com/report-categories/chemicals-materials/soy-based-chemicals-market

Competitive Landscape

Key players are offering innovative products and services to increase their soy-based chemicals market share. Major players of the market are VertecBioSolvents Inc., The Dow Chemical Company, BioBased Technologies LLC,Archer Daniels Midland Company,Elevance Renewable Sciences Inc., Soy Technologies LLC, Cara Plastics Inc., Cargill Inc., Soyaworld Inc., and Bunge Ltd, among others.

Scope of the Global Soy-Based Chemicals Market

Type Segments

• Soy-Oil
• Polyols
• Fatty Acids
• Soy-Wax
• Isoflavones
• Methyl Soyate
• Other Types

Application Segments

• Food and Beverage
• Plastic and Polymers
• Biodiesel
• Paper and Pulp
• Cosmetics
• Other Applications

Geographical Segments

• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• France
• Italy
• Rest of Europe
• Asia-Pacific
• India
• China
• Japan
• South Korea
• Rest of Asia-Pacific
• RoW
• South America
• Middle East
• Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.

For further information, visithttps://www.variantmarketresearch.com
You can connect with us on LinkedIn here @https://www.linkedin.com/company/variant-market-research

Contact Us

John Dave,
Head - Sales
Variant Market Research
649 Mission St, 5th Floor, San Francisco, CA 94105, United States.
Tel: +1-415-680-2785
Fax: +1-415-680-2786
Email: john.dave@variantmarketresearch.com
Email: help@variantmarketresearch.com