openPR Logo
Press release

The Soy-based Chemicals and Materials Market is projected to grow at CAGR of 7.03% during the forecast period to reach a market size of US$29.896 billion in 2023

The Soy-based Chemicals and Materials Market is projected

The recent study on the soy-based chemicals and materials market covers in-depth analysis of the market on the basis of derived product type, end-user industry, and geography. The report also covers the country level analysis within the regions as well. Additionally, the report covers the key trends in the market along with drivers and restraint during the forecast period 2018-2023. According to the report titled “Soy-based Chemicals and Materials Market”, the market is expected to increase from US$19.887 billion in 2017 to US$ 29.896 billion by 2023, at a CAGR of 7.03% during the projected period. The report has segmented the soy-based chemicals and materials market by derived product type (methyl soyate solvents, oleochemicals and surfactants, painting and coatings, printing inks, thermoset plastics, biodiesel, others), end-user industry (construction, chemicals, personal care, oil and gas, others), and geography (North America, South America, Europe, Middle East and Africa, Asia Pacific). Soy-based chemicals and products are increasingly being utilized in many established commercial products such as bioplastics, biodiesels, cosmetics and etc. owing to the increasing establishment of bio-based sources in the chemicals and materials industry. Increasing need to reduce dependency on petroleum and associated price fluctuation for raw materials, and to replace suspect carcinogens are the major driving factors that are compelling manufacturers to incorporate soy-based chemicals into formulations. Soy-based chemicals are seen as a way to improve production with an uninterrupted, abundant supply of bio-based renewable raw materials. The market is expected to grow at a good rate over the forecast period owing to the growing penetration of soy-based chemicals and materials in industries such as automotive, furniture, clothing and footwear, and etc.

Request Sample: www.knowledge-sourcing.com/requestsample&sample_id=2168

Paintings, Coatings and Printing Inks will grow at a steady rate during the forecast period.

Painting, coating and printing inks segments of the soy-based chemicals and materials market will grow during the forecast period owing to the rising propensity of manufacturers towards raw materials that are not carcinogenic. The market is expected to grow at a steady rate over the forecast period owing to the availability of soybean oil in abundance and at a low cost.

The chemical industry holds a substantial share in the market.

The Chemical industry’s significant share in the market is due to the production of multiple soy-based chemicals such as polyurethane foam, paints, rubbers, and lubricants. Soybean oil as a raw material can help lower carbon dioxide emission during production. Thus, the demand for these chemicals and materials is expected to grow in this industry owing to the growing environmental concern to reduce carbon dioxide emission.

North America is expected to grow at a good rate in the forecast period.

The North America soy-based chemicals and materials market is expected to grow at a good CAGR in the global market owing to the countries investing in research, promotion and commercialization programs to help expand and develop industrial markets for Soybeans. According to the United Soybean Board, in the last decade industrial, non-diesel use of soybean oil in the U.S increased by more than 50%.

Some of the major players discussed in the reports are Soy Technologies, LLC., Cargill, Incorporated, The Dow Chemical Company, Hexion Specialty Chemicals, Elevance Renewable Sciences, Inc., Urethane Soy Systems Co., and Archer Daniels Midland Company.

Request customization or place your order: www.knowledge-sourcing.com/soy-based-chemicals-and-materials-market

About Us:
Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.

Contact:
Knowledge Sourcing Intelligence LLP
2nd Floor, D-77, Sector 63
Noida, U.P. - 201301
India
E: sales@knowledge-sourcing.com | P: +1-866-714-4587

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 The Soy-based Chemicals and Materials Market is projected to grow at CAGR of 7.03% during the forecast period to reach a market size of US$29.896 billion in 2023 here

News-ID: 1490886 • Views: 105

More Releases from Knowledge Sourcing Intelligence LLP

Sports Technology Market to Reach USD 33.63 Billion by 2024
​​​​​The recent study on the Sports Technology Market covers an in-depth analysis of the market by type, sport, and geography. The report also covers the country-level analysis within the regions as well. Additionally, the report covers the key trends in the market along with drivers and restraint during the forecast period. According to the report titled “Sports Technology Market – Forecast from 2019 to 2024,” the market is estimated to
Discrete semiconductor market to witness a CAGR of 2.94% between 2018 and 2024
The recent study on the global discrete semiconductor market covers an in-depth analysis of the market on the basis of type, industry vertical, and geography. The report also covers the country-level analysis within the regions as well. Additionally, the report covers the key trends in the market along with drivers and restraint during the forecast period 2019-2024. According to the report titled “Global Discrete Semiconductor Market– Forecast from 2019 to
Revenue Cycle Management Market Segmented by Product, Application, and Geography …
The recent study on the revenue cycle management market covers an in-depth analysis of the market on the basis of product, application, and geography. The report also covers the country level analysis within the regions as well. In addition, the report covers the key trends in the market along with drivers and restraints during the forecast period 2019-2024. According to the report titled “Revenue Cycle Management Market - Forecasts From
Automotive Catalyst Market Segmented by Type, Vehicle Type, and Geography (2019 …
The recent study on the automotive catalyst market covers in-depth analysis of the market on the basis of type, vehicle type, and geography. The report also covers the country level analysis within the regions as well. Additionally, the report covers the key trends in the market along with drivers and restraint during the forecast period 2019-2024. The report has segmented the automotive catalyst market by type (oxidation catalyst, three-way catalyst,

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