Press release
Soy Chemicals Market Analysis by Growing Industry Crucial Players : Griffin Industries, Dow Chemical, Cara Plastics, Soy Technologies, Soyaworld, Chemtura and Cargill
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Rising environmental concerns along with increasing demand for bio-based products may stimulate soy chemicals market demand. These products are highly used as alternatives for petroleum and other conventional chemicals thereby reducing the effect of harmful GHG emissions. Soy chemicals are utilized across various end-use segments owing to stringent government regulations regarding harmful emissions thereby enhancing market growth.
Rapid penetration and increasing threats of global warming, acid rain, water pollution and ozone layer depletion has led to increasing adoption of greener products globally. Soy based products are used as renewable chemicals which are being highly used adhesives, paints & coatings and plasticizers industries on account of climate changes and environmental degradation.
Soy tocopherols market demand may surpass USD 350 million by the end of forecast period. These products are extracted from Non-GMO soybeans which are highly used in personal care applications such as moisturizers, lipsticks, face powders, bath sops, foundations and detergents. These products provide protection against various environmental stressors such as UV rays and pollution. Also, used as antioxidant, anti-aging, skin conditioning agents and natural preservatives thereby preserving skin and boosting soy chemicals market demand.
Refined industrial soybean oil market from lubricant applications may exceed USD 1.5 million by 2024. Soybean oil is highly refined and blown under controlled conditions for achieving high viscosity, low flammability and enhanced lubricity. These products are used as raw materials for reducing CO2 emissions, energy costs and minimizing the requirements for high costs additives and antioxidants which may promote soy chemicals market growth.
Europe soy wax market from candle applications may register gains close to 3.5% up to 2024. Soy wax are made from soybeans as compared to its counterparts such as paraffin wax which are generally produced from petroleum. Additionally, these products provide better scent, cleaner burning and environmental benefits free from toxins, pollutants and carcinogens thereby enhancing soy chemicals market demand.
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Major industry participants in soy chemicals industry consists of Griffin Industries, Dow Chemical, Cara Plastics, Soy Technologies, Soyaworld, Chemtura and Cargill. Manufacturers are highly engaged in forming partnerships and agreements to develop product portfolio and customer base along with enhancing regional reach which may further promote industry growth.
Some of the Major Highlights of TOC covers:
Chapter 1: Methodology & Scope
Definition and forecast parameters
Methodology and forecast parameters
Data Sources
Chapter 2: Executive Summary
Business trends
Regional trends
Product trends
End-use trends
Chapter 3: Soy Chemicals Industry Insights
Industry segmentation
Industry landscape
Vendor matrix
Technological and innovation landscape
Chapter 4: Soy Chemicals Market, By Region
Chapter 5: Company Profile
Business Overview
Financial Data
Product Landscape
Strategic Outlook
SWOT Analysis
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