Market Forecast Report on Soy-Based Chemicals Market 2016-2026
Global Soy-Based ChemicalsMarket: Drivers and Restraints
The increasing awareness as regards the benefits involved in use of bio-based products and environmental regulations are major factors that are expected to drive the growth of global Soy-Based Chemicals Market during the forecast period. The increasing demand for biodegradable plastics derived from soy-based chemical is slated to drive the growth of global Soy-Based Chemicals market during the forecast period. Relatively better performance of soy-based chemicals over some of the traditional chemicals is expected to drive the growth of global market for soy-based chemicals over the forecast period. The increasing demand for soybean from traditional applications such as in food industry is expected to affect the supply of the same for production of chemicals, thus acting as an impediment to the growth of soy-based chemicals market during the forecast period
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Global Soy-BasedChemicalsMarket: Regional Outlook
On the basis of region, the global Soy-Based ChemicalsMarket is segmented into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, Asia-Pacific (excluding Japan) and Japan. North America region has a strong presence in global Soy-Based Chemicals market followed by Asia Pacific and Latin America. Asia-Pacific region and Latin-America have long term growth potential and are expected to witness robust growth in their share in global Soy-Based ChemicalsMarket during the forecast period.
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Global Soy-Based Chemicals Market: Key players
The increasing demand for eco-friendly products is expected to drive investments in production of Soy-Based Chemicals across the globe. The key players operating in the global Soy-Based Chemicals market are as follows:
The Dow Chemical Company
Cara Plastics Inc.
Ag Environmental Products LLC
Archer Daniels Midland Co.
Elevance Renewable Sciences Inc.
Renewable Lubricants Inc.
Soy Technologies LLC
BioBased Technologies LLC
Vertec BioSolvents Inc.
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