Soy Chemicals Market Size By Product (Soy Oil Derivatives {Soy Polyols (Polyurethane products, Adhesives, Elastomers, Coatings, Others), Soy Wax (Candles, Cosmetics), Methyl Soyate (Paints & Coatings, Industrial & Domestic Cleaning, Printing Inks, Cosmetics) Epoxidized Soybean Oil (Plasticizers, UV Cure, Fuel Additives}, Natural Extracts {Soy isoflavones (Food & beverages, Nutraceuticals, Cosmetics), Vitamin E (Tocopherols(Cosmetics, Food & Beverages, Animal Feed, Dietary supplements, Pharmaceuticals), Lecithin (Food & Beverages, Animal Feed, Pharmaceuticals, Cosmetics, Industrial} Industrial Refined Soy Oil)], Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Poland, Denmark, China, India, Japan, South Korea, Thailand, Australia, Malaysia, Brazil, Argentina, Saudi Arabia, UAE, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 - 2024

Published Date: October 2018 | 480 Pages | Report ID: GMI2973 Report Format: PDF

  Request Sample Inquiry Before Buying
Summary Table of Contents Industry Coverage Methodology Request for Customization

Industry Trends

Soy Chemicals Market size was over USD 25 billion in 2017 and industry expects consumption above 6.5 million tons by 2024.
 

U.S. Soy Polyols Market Size, By Application, 2017 & 2024, (Kilo Tons)

Rising demand for biodegradable products along with supportive government initiatives owing to shifting consumer preference towards renewable chemical sources may fuel soy chemicals market demand. Rapid urbanization along with booming food and agriculture industry mainly in China, Japan and India may further support product demand.
 

Global cosmetics products market was valued at over USD 500 billion in 2017 on account of rising aging population & image consciousness along with changing lifestyle patterns and increasing trend of online purchasing. Soybeans comprises of high concentrations of phytosterols, minerals, vitamins, isoflavones, saponins and isoflavones. Soybean products are rich in protein, iron, calcium and zinc thereby providing several skin benefits such as wrinkle repair, hair growth, acne reduction along with boosting immunity and skin rejuvenation which may promote soy based chemicals market demand.
 

Soy based chemicals incorporated in food & beverages are used as additives or ingredients as these products enhance the nutritional value of food items by boosting protein content. The global soybean industry stood at over USD 145 billion in 2017 and is expected to register maximum gains as these products are good sources of vitamins, minerals and insoluble fiber and helps in aiding diseases such as osteoporosis, breast cancer, Type 2 diabetes, fetal development along with lowering cholesterol level, improving energy and weight management thereby promoting soy based chemicals industry growth.
 

Rising demand for sustainable energy sources has led to increasing adoption of biodiesel majorly in North America which are produced from soy oil feedstock such as soybeans, animal fats and recycled edible oil. Bio diesel emits lower levels of particulate matter and carbon monoxide as compared to conventional petroleum bio-diesel. More than 50 percent of bio-diesel in the U.S. is manufactured using soy oil as it is renewable, less toxic, economic and provides GHG reductions. According to The United States Department of Energy, the usage of bio-diesel provides approximately 78% reduction in the CO2 emissions thereby promoting product demand.
 

Rising soybean allergies occurring from the consumption of various products such as soy milk, cheese, tofu, yoghurts and textured proteins may hamper the soy chemicals market growth. The allergy symptoms of consuming these products includes abdominal pain, skin redness, hivers and diarrhea. Additionally the U.S. food allergen labeling law requires all packaged food to state if the products contains top 8 allergen including soy which may cause hinderance for soy chemicals market growth.
 

Soy Chemicals Market, By Product

Soy polyols market size from polyurethane applications may surpass USD 1.9 billion by 2024. These products are highly used in mattresses, pillows, upholstered furniture and automotive cushions and seats. Soy polyols are majorly used as alternatives to petrochemical counterparts providing cost benefits, durability, light weight and sustainability. Rising government initiatives for reducing GHG emissions along with rapid production of vegetable oils in Indonesia, Malaysia and Thailand may fuel market growth.
 

Soy wax market size from candle applications may register significant gains at over 4% by the end of forecasted timeframe. The product is a vegetable wax free from carcinogenic compounds & derived from soybean oil which is highly used in candle making. It is a natural and renewable resource and has lower melting point as compared to paraffin wax. Increasing awareness and benefits of vegetable wax may stimulate soy based chemicals market demand.
 

Soy isoflavones market size from nutraceutical applications was valued at over USD 5 billion in 2017. These products are known as phytoestrogens which are present in various dietary supplements and majorly used for used to improve metabolism of glucose, weight management, diabetes, osteoporosis and polycystic ovary syndrome (PCOS) in women.
 

Soy Chemicals Market, By Region

North America soy chemicals market size led by the U.S., Canada and Mexico may register growth at over 5% by 2024. The region is a leading producer and exporter of soybeans ensuring abundant supply of raw materials for chemical production. According to The United States Department of Agriculture (USDA), more than100 million metric tons of soybeans were produced in the U.S. Moreover, increasing trend of bio-diesel adoption as compared to other counterparts may soy chemicals regional market growth.
 

Europe led by UK, France, and Germany soy chemicals market demand may surpass USD 10 billion by 2024. Stringent government regulations regarding emission control and various favorable directives for reducing consumption of fossil fuels such as petroleum diesel contributing to GHG emissions may promote regional market growth. Over 85% of reduction in carcinogenic emissions and 75% reduction in GHG emissions is obtained by the usage of soy based biodiesel which may further enhance soy based chemicals market growth in the region.
 

Asia Pacific led by China, Japan, and India soy chemicals market may expect growth at over 5.5% by the end of 2024. Rising demand of soybean based chemicals from various end-use industries such as healthcare & nutraceutical industries may boost market growth. Asia Pacific nutraceuticals industry was valued at over 60 billion in 2017 owing to rising healthcare awareness and risk of chronic disease. Soy based isoflavones are available as medicines and dietary supplements for treating heart diseases, cholesterol, bone problems and hypertension.
 

Competitive Market Share

Soy chemicals market share is partially competitive consisting of several key industry participants including DowDuPont, ADM, Bunge limited, Cargill and Ag Processing Inc. (AGP).
 

Several manufacturers are engaged in forming strategic partnerships and collaborations to expand production and gain technical expertise. Additionally, the producers are highly focusing on enhancing their product portfolio and market reach.
 

Soy Chemicals Industry Background

Soy Chemicals Market Segmentation

Soy based chemicals are majorly extracts of soybean which are further processed into soy oil derivatives, natural extracts and refined industrial soybean oil. The oil is extracted from soybean seeds followed by refining, blending and hydrogenating processes. It is majorly used for cooking purposes and is a good source of vitamins and minerals providing major health benefits. The natural extracts of soybean oil are mainly isoflavones, lecithin and tocopherols.
 


What Information does this report contain?

Historical data coverage: 2013 to 2017; Growth Projections: 2018 to 2024.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.


Our Market Research Reports Include:

  • Market snapshot
  • Market Segmentation
  • Value Chain Analysis
  • Growth Dynamics
  • Potential Market Opportunities
  • Regulatory Overview
  • Technology Evolution
  • Innovation & Sustainability

Why Global Market Insights?

 Comprehensive Research
  • All-inclusive coverage
  • In-depth and granular data (ex: information for 8 to 15 countries, with clients open to add to this list, in each report)
  • Penetrative insights & latest trends
  • Offers holistic understanding of the market
 Data Accuracy & Reliability
  • Unique methodology
  • Iterative in nature to eliminate errors
  • Detailed methodology, scope, assumptions and data sources available for reference
 Post-Sales Support
  • Committed to making a positive difference for our clients
  • Given the nature of this industry, we are committed to ensure that our clients get maximum return on their investment in our services
  • Every purchase comes with an option to obtain additional information:
    • up to 10% of the original cost
    • 45-minute analyst tele-call to obtain further clarity on the market.
 Security & Confidentiality
  • Global Market Insights, Inc. strictly adheres to PCI-DSS security norms.
  • Only PCI-DSS compliant payment methods used for highest level of client data security
This site is protected by Trustwave's Trusted Commerce program Authorize.Net Merchant - Click to Verify

Connect with our sales team