openPR Logo
Press release

Soy based chemicals Market to Significant Growth Foreseen by 2016 - 2026

Soy based chemicals Market to Significant Growth Foreseen

Soya (also called Soy in US) has been cultivated from long time in Asia. It is a versatile plant with hundreds of uses. Apart from satisfying the food demand for the population, it is used to derive biodegradable biofuel and plastics which act as better replacement for petrochemical derived products. Soy based chemicals are used in many commercial products such as biodiesel, bio plastics, cosmetics, paints & coatings etc. With the help of various development programs and emerging technologies soy based chemicals are appearing in many new applications. Many industries are turning their focus towards biodegradable products, derived from renewable resources such as soy based chemicals because they offer economical and societal growth within the boundaries of environmental wellness. Soybean crops ties up the nitrogen in soil making it available for next rotation crop and in turn minimizing the fertilizer intake for the next rotation crop. United States, Brazil, Argentina, China and India are the top five soybean producing countries in the world. The global market for soy based chemicals is expected to grow in future owing to the ease of production of soybean, government regulations towards usability of biodegradable materials and its wide range of application products.

Soy based chemicals are used in wide range of applications like fuel, rubber, plastics, paints, cosmetics etc. This wide range applications is one of the major factor to drive the growth for soy based chemicals. 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. Future investments are expected in soy based chemicals business for Research and Development and other technological advancements. 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 opposing forces for the soy based chemicals market, but ongoing penetration of soy based chemicals in different applications and technological advancement for betterment of soy based chemicals usability are expected to lower down the possible demand restraints for soy based chemicals. Threat from the substitutes like natural bio mass and bio gas is also a restraint for the global soy chemical market.

A sample of this report is available upon request @  https://www.persistencemarketresearch.com/samples/11467

Soy based chemicals are segmented based on the derived product type, application industry and the global regions. Based on the derived product type the global market for soy based chemicals is segmented into Soybean oil derivatives, natural extracts from soybean, refined industrial soybean oil and others. Soybean oil derivatives are further segmented as Methyl soyate (solvent), Epoxidised product, Waxes, Fatty acids, Sucrose esters, Polyol and other derivatives. Natural extracts are further classified as Vitamin E, Isoflavones, Lecithin and others. Based on the end use industry the global market for soy based chemicals is segmented into biodiesel, bio plastics, oleo chemicals & surfactants, paints & coatings, printing inks, polyol & thermoplastics, elastomers and rubber, plasticizers and others ( adhesive, lubricant, paper ,fiber etc.). Region wise the global market for the soy based chemicals is segmented into seven key regions which are North America (U.S., Canada), Latin America (Mexico. Brazil),Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg),Eastern Europe (Poland, Russia),Asia Pacific (China, India, ASEAN, Australia & New Zealand),Japan ,Middle East and Africa (GCC, S. Africa, N. Africa).

Bio diesel is the largest end use industry for soy based chemicals market. Government support towards clean & green products and environmental concerns are driving the growth of this particular segment. Plastic industry is expected to show substantial growth in upcoming times owing to the rising demand for bio plastic and polymers. Other segments like adhesives, paints, coatings etc. are responsible for increasing demand of soy based chemicals due to significant growth in the manufacturing industry. Region wise North America is largest market for soy based chemicals and is expected to show the expansion growth in future. Government’s stringent regulations to increase the usage of green products, customers’ shifting trends towards using bio based products are some of the reasons to drive the market growth in soy based chemical market in this region. Asia pacific is the second most important region for soy based chemical market. It is expected to show the substantial growth in upcoming years due to emerging end use applications’ industries, environmental awareness and attractive investment opportunities for the renewable chemical development. South America with global soy producing giants like Brazil and Argentina is a big market due to ample availability of the resources.

The major players in the soy based chemicals manufacturing are Ag Environmental Products LLC (US), The Dow Chemical Company (US), Cargill, Incorporated (US), Archer Daniels Midland Company (US), Columbus Foods Co.(US), Bunge Limited (US), Eco Safety Products (US), Elevance Renewable Sciences Inc.(US), Vertec BioSolvents Inc.(US) and many others.

To view TOC of this report is available upon request @ https://www.persistencemarketresearch.com/toc/11467

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
Telephone - +1-646-568-7751
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Soy based chemicals Market to Significant Growth Foreseen by 2016 - 2026 here

News-ID: 1290925 • Views: 110

More Releases from Persistance Market Research

Global Aquaculture Feed and Pharmaceuticals Market to Record Sturdy Growth CAGR …
A recent report published by Persistence Market Research prognosticates that the global market for aquaculture feed and pharmaceuticals would be valued at US$1,068.9 mn by 2025 registering a CAGR of 7.3% over 2017-2025. The report, titled “Aquaculture Feed and Pharmaceutical Market: Global Industry Analysis 2012–2016 and Forecast 2017–2025,” portrays that the cumulative revenue generated by the market is projected to increase 1.8X over the forecast period from 2017-2025. The paced development
Magnetic Field Sensors Market to Undertake Strapping Growth During 2020
Magnetic field sensor is a device used to study the magnetic field around coil, electrical device and around permanent magnets. Magnetic field sensors consist of rotating sensor tip which measures both transverse and longitudinal magnetic fields around the objects. Magnetic sensor uses “Hall Effect” (produces voltage difference across electrical conductor, transverse to electric current) transducer that measures vector component of magnetic field near the sensor tip. Magnetic field sensor measures
Grass Based Dairy Products Market to Significant Growth Foreseen by 2017 - 2025
Global Grass Based Dairy Products Market: Introduction The Food and Drug Administration supervises the label on the dairy products and has not defined the grass fed based products and also don’t have set guidelines for the producers/manufacturers for making a grass-fed claim. The FDA requires those labels on dairy should not be misleading. The dairy products from the grass-based products have high nutritional benefits and are also beneficial for the health
Glutathione Market to Witness Comprehensive Growth by 2017 - 2025
Global Glutathione Market: Introduction Glutathione is an essential antioxidant found in animals, plants, fungi, and other bacteria and archaea. Glutathione is capable of preventing damage to the important cellular components. It is a protein composed of three amino acids, and are sold as dietary supplements. It is an essential antioxidant, glutathione which is involved in DNA synthesis, immunity, and sperm formulation, amongst others. Glutathione is one of the most important antioxidant presents

All 5 Releases


More Releases for Soy

Global Soy Sauce Market 2018 - Bluegrass Soy Sauce, Okonomi, Maggi
Accord Market, recently published a detailed market research study focused on the “Soy Sauce Market” across the global, regional and country level. The report provides 360° analysis of “Soy Sauce Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Soy Sauce on the
Soy Milk Processing Unit
MBSPL has launched Business Feasibility Study Report + Business Model + Business Plan and Project Report – Soy Milk Processing Unit, helps entrepreneurs in getting started. According to MBSP’s latest report, Indian Soy based processed food products (SBPFP) industry is growing at a CAGR of 5.6% from past 5 years, and will grow at a CAGR of 6% from 2017 to 2022. This growth is driven by increasing demand of
Soy Protein Market Research Reports 2016
Global Soy Protein Market: Overview The report covers the analysis and forecast of the soy protein market on a global and regional level. The study provides historic data of 2015 along with the forecast for the period between 2016 and 2024 based on revenue (US$ Mn) and volume (Kilo tons). The study provides a detailed view of the soy protein market by segmenting it based on product, form, application, function, and regional
Demand of Organic Soy Protein Market 2025
Few of the market players accounting over organic soy protein market includes Burcon NutraScience, Harvest Innovations, Armor Proteins, World Food Processing, George Weston Foods, ADM, Devansoy Inc., Kellogg Company, The Scoular Company, Omega Protein Corporation, SunOpta Inc., MGP Ingredients, Dupont, Bunge Alimentos SA. Currently soya protein market is experiencing unique beneficiaries of success, hence competition in this market is increasing intensely, and this attract many new entities to enter this
Global Soy Protein Isolate Industry Report 2016
Qyresearchreports include new market research report “Global Soy Protein Isolate Industry Report 2016″ to its huge collection of research reports. A new intelligence study presents a comprehensive overview of the global Soy Protein Isolate market, offering insights into the key growth factors and lucrative opportunities. In addition, the key regional segments, product segmentation, and the primary applications have been discussed at length in the scope of the research report. The research
Soy Food Market: By Type (Fermented, Non Fermented, Soy additives/Ingredient, & …
Soy food and beverage products are made out of soybean. Soybeans has high protein, amino acid, and fiber content with complete absence of cholesterol, and hence are substitute for meat products, and are best suited for vegan diets. Soy has a number of health benefits such as increasing bone density, reduces the risk of heart failure, increasing the hair growth, and others. The major producers in the soy market are