Global Soy-Based Chemicals Market Size, Share, Development, Growth and Demand Forecast to 2022

  • ID: 3978088
  • Report
  • Region: Global
  • 71 pages
  • P&S Market Research
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The global soy-based chemicals market is driven by worldwide concern over environmental consequence and consumer preference towards industrial ecology, eco efficiency and demand for green chemicals. The urgency to develop noble bio-degradable product and renewable source of energy from algae and soy is also influenced by fluctuations in price of crude oil, combined with geo-political uncertainty in Middle East. All these factors have lead to the development and engineering of advanced organic compound based chemicals that have performance characteristics and undergo decomposition to prevent environmental pollution. For these reasons, the production of bio-degradable materials from renewable agricultural feedstock has attracted attention from different market segments in recent years.

The agricultural products, such as starch and protein are bio-degradable and environmentally friendly. Soybean is a good source for producing a large number of chemicals including bio-degradable plastics, since it is abundantly available and inexpensive.

The most widespread soybean derivatives include soy-milk and soy-oil. These are extensively used in food and beverage industry, owing to their high nutrient content. Soy-protein concentrate, flakes and isolates can be compounded with synthetic plastics, such as poly lactic acid; and polycaprolactone to extract chemicals, such as polyols, methyl soyate, waxes, thermoset plastics, elastomer, plasticiser, rubber compounds, isoflavones and other oleochemicals that are utilized to make edible films or moulded products, such as bio-degradable plastics, shopping bags, and soaps.

Another main factor contributing to the growth of the global soy-based chemicals market is the advancement and technological improvement in bio-technology sector. Due to innovative extraction procedures, more quantity of soy protein can be economically extracted, which could lead to greater manufacturing of various soy-based chemicals and widespread applications.

These soy-based chemicals find their use across various industries, such as food and beverage, plastic and polymers, cosmetics, paints and coatings, hydrogels and adhesive. Other industries include soy-based lubricant, soy ink, soy crayon and biodiesel.

The development of modern oil-seed production, vegetable oil refining, processing and animal feed industries during modern times has been a major factor shaping the soy-based chemical market in many ways. After World War-2, the soybean production reached its peak; however, after 1979 soybean planting decreased dramatically because of various factors, such as increased competition for land, in order to cultivate other crops and counterproductive farm policies. The method of procurement and manufacturing of green chemicals changes with consumer's willingness to pay more for that product. Therefore, the end-use industries are preventing to include soy-based chemicals in their offerings, till widespread adoption of bio-degradable products has been implemented.

The demand for soy-based proteins and derivatives is likely to increase significantly in the coming years. The market penetration of these chemicals is expected to increase with hike in petrochemical prices and enhanced performance of soy chemicals over petroleum-based chemicals. For this reason, the existing global companies are introducing new products in their product mix to address the market’s demand. In addition, the use of these products in candles and food processing, toiletries and cosmetic industries are expected to grow further.

The traditional food industry is expected to be the main contributor to this development and will also play a noteworthy role to affect the supply of same for the production of chemicals, thus acting as barrier in the growth of the soy-based chemicals market.

The global soy-based chemicals market was valued at $11,688.7 million in 2015, and it is expected to grow at a CAGR of 7.5% during 2016-2022. North America was the largest regional market, followed by Asia-Pacific in 2015. The developing countries in South America are also expected to make serious progress in the global soy-based chemical market. The Asian countries, such as Korea, Singapore and China are investing heavily in the renewable chemical sector. Other promising markets include Western Europe, Eastern Europe, Middle East and Africa.

Some of the major companies operating in the global soy-based chemical market includeThe Dow Chemical Company, Archer Daniels Midland Co., Soy Technologies LLC, BioBased Technologies LLC, Bunge Ltd., Cargill Inc., VertecBioSolvents Inc., Cara Plastics Inc., Elevance Renewable Sciences Inc., and Soyaworld Inc.
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1. Research Scope & Methodology
1.1 Market Definition
1.2 Research Scope
1.2.1 Global Soy-Based Chemicals Market Breakdown By Type
1.2.2 Global Soy-Based Chemicals Market Breakdown By Application
1.2.3 Global Soy-Based Chemicals Market Breakdown By Geography
1.3 Research Methodology And Sources

2. Executive Summary
2.1 Key Findings
2.2 Research Summary

3. Market Outlook
3.1 Introduction
3.2 Trends In The Global Soy-Based Chemicals Market
3.2.1 Investment Shift Towards Asia-Pacific Region
3.3 Opportunities In The Soy-Based Chemicals Market
3.3.1 Increasing Investment In Developing Renewable Chemicals In The Emerging Economies
3.4 Factors Driving Growth Of The Market And Its Impact On Market Forecast
3.4.1 Increasing Environmental Concerns
3.4.2 Increasing Use Of Bio Based Products
3.4.3 Impact Analysis Of Drivers On Market Forecast
3.5 Factors Hindering Growth Of The Market And Its Impact On Market Forecast
3.5.1 Gap In Demand And Supply
3.5.2 Impact Analysis Of Restraints On Market Forecast

4. Global Soy-Based Chemicals Market Size And Forecast (2012-2022)
4.1 Global Soy-Based Chemicals Market, By Type
4.1.1 Soy-Oil
4.1.2 Polyols
4.1.3 Fatty Acids
4.1.4 Soy-Wax
4.1.5 Isoflavones
4.1.6 Methyl Soyate
4.1.7 Others
4.2 Global Soy-Based Chemicals Market, By Application
4.2.1 Food & Beverages
4.2.2 Plastic & Polymers
4.2.3 Biodiesel
4.2.4 Paper & Pulp
4.2.5 Cosmetics
4.2.6 Others
4.3 Global Soy-Based Chemicals Market, By Region

5. Global Soy-Based Chemicals Market, By Geography
5.1 North America Soy-Based Chemicals Market
5.1.1 North America Soy-Based Chemicals Market, By Country
5.1.2 North America Soy-Based Chemicals Market, By Type
5.1.3 North America Soy-Based Chemicals Market, By Application
5.2 Europe Soy-Based Chemicals Market
5.2.1 Europe Soy-Based Chemicals Market, By Country
5.2.2 Europe Soy-Based Chemicals Market, By Type
5.2.3 Europe Soy-Based Chemicals Market, By Application
5.3 Asia-Pacific Soy-Based Chemicals Market
5.3.1 Asia-Pacific Soy-Based Chemicals Market, By Country
5.3.2 Asia-Pacific Soy-Based Chemicals Market, By Type
5.3.3 Asia-Pacific Soy-Based Chemicals Market, By Application
5.4 South America Soy-Based Chemicals Market
5.4.1 South America Soy-Based Chemicals Market, By Country
5.4.2 South America Soy-Based Chemicals Market, By Type
5.4.3 South America Soy-Based Chemicals Market, By Application
5.5 Middle East And Africa (Mea) Soy-Based Chemicals Market
5.5.1 Mea Soy-Based Chemicals Market, By Country
5.5.2 Mea Soy-Based Chemicals Market, By Type
5.5.3 Mea Soy-Based Chemicals Market, By Application

6. Competitive Positioning Analysis
6.1 Porter's Five Forces Of Competitive Position Analysis
6.1.1 Bargaining Power Of Buyers
6.1.2 Bargaining Power Of Suppliers
6.1.3 Threat Of New Entrants
6.1.4 Intensity Of Rivalry
6.1.5 Threat Of Substitutes
6.2 Competitive Positioning Of Global Soy-Based Chemicals Market, By Application

7. Company Profiles And Strategic Developments
7.1 Key Company Profiles
7.1.1 The Dow Chemical Company
7.1.1.1 Business Overview
7.1.1.2 Product And Service Offerings
7.1.2 Archer Daniels Midland Co.
7.1.2.1 Business Overview
7.1.2.2 Product And Service Offerings
7.1.3 Soy Technologies, Llc
7.1.3.1 Business Overview
7.1.3.2 Product And Service Offerings
7.1.4 Biobased Technologies Llc
7.1.4.1 Business Overview
7.1.4.2 Product And Service Offerings
7.1.5 Bunge Limited
7.1.5.1 Business Overview
7.1.5.2 Product And Service Offerings
7.1.6 Vertec Biosolvents, Inc.
7.1.6.1 Business Overview
7.1.6.2 Product And Service Offerings
7.1.7 Elevance Renewable Sciences, Inc.
7.1.7.1 Business Overview
7.1.7.2 Product And Service Offerings
7.1.8 Earth's Own Food Company Inc.
7.1.8.1 Business Overview
7.1.8.2 Product And Service Offerings
7.1.9 Cargill Inc.
7.1.9.1 Business Overview
7.1.9.2 Product And Service Offerings
7.2 Strategic Developments In The Global Soy-Based Chemicals Market

8. Appendix
8.1 List Of Abbreviations

List Of Tables
Table 1: Specific Primary And Secondary Sources Used For This Publication
Table 2: Global Soy-Based Chemicals Market Snapshot
Table 3: Drivers For The Market: Impact Analysis
Table 4: Restraints For The Market: Impact Analysis
Table 5: Global Soy-Based Chemicals Market, By Type, $M (2012-2015)
Table 6: Global Soy-Based Chemicals Market, By Type, $M (2016-2022)
Table 7: Global Soy-Based Chemicals Market, By Application, $M (2012-2015)
Table 8: Global Soy-Based Chemicals Market, By Application, $M (2016-2022)
Table 9: Global Soy-Based Chemicals Market, By Region, $M (2012-2015)
Table 10: Global Soy-Based Chemicals Market, By Region, $M (2016-2022)
Table 11: North America Soy-Based Chemicals Market, By Country, $M (2012-2015)
Table 12: North America Soy-Based Chemicals Market, By Country, $M (2016-2022)
Table 13: North America Soy-Based Chemicals Market, By Type, $M (2012-2015)
Table 14: North America Soy-Based Chemicals Market, By Type, $M (2016-2022)
Table 15: North America Soy-Based Chemicals Market, By Application, $M (2012-2015)
Table 16: North America Soy-Based Chemicals Market, By Application, $M (2016-2022)
Table 17: Europe Soy-Based Chemicals Market, By Country, $M (2012-2015)
Table 18: Europe Soy-Based Chemicals Market, By Country, $M (2016-2022)
Table 19: Europe Soy-Based Chemicals Market, By Type, $M (2012-2015)
Table 20: Europe Soy-Based Chemicals Market, By Type, $M (2016-2022)
Table 21: Europe Soy-Based Chemicals Market, By Application, $M (2012-2015)
Table 22: Europe Soy-Based Chemicals Market, By Application, $M (2016-2022)
Table 23: Asia-Pacific Soy-Based Chemicals Market, By Country, $M (2012-2015)
Table 24: Asia-Pacific Soy-Based Chemicals Market, By Country, $M (2016-2022)
Table 25: Asia-Pacific Soy-Based Chemicals Market, By Type, $M (2012-2015)
Table 26: Asia-Pacific Soy-Based Chemicals Market, By Type, $M (2016-2022)
Table 27: Asia-Pacific Soy-Based Chemicals Market, By Application, $M (2012-2015)
Table 28: Asia-Pacific Soy-Based Chemicals Market, By Application, $M (2016-2022)
Table 29: South America Soy-Based Chemicals Market, By Country, $M (2012-2015)
Table 30: South America Soy-Based Chemicals Market, By Country, $M (2016-2022)
Table 31: South America Soy-Based Chemicals Market, By Type, $M (2012-2015) 37
Table 32: South America Soy-Based Chemicals Market, By Type, $M (2016-2022) 37
Table 33: South America Soy-Based Chemicals Market, By Application, $M (2012-2015)
Table 34: South America Soy-Based Chemicals Market, By Application, $M (2016-2022)
Table 35: Mea Soy-Based Chemicals Market, By Country, $M (2012-2015)
Table 36: Mea Soy-Based Chemicals Market, By Country, $M (2016-2022)
Table 37: Mea Soy-Based Chemicals Market, By Type, $M (2012-2015)
Table 38: Mea Soy-Based Chemicals Market, By Type, $M (2016-2022)
Table 39: Mea Soy-Based Chemicals Market, By Application, $M (2012-2015)
Table 40: Mea Soy-Based Chemicals Market, By Application, $M (2016-2022)
Table 41: The Dow Chemical Company-Key Facts
Table 42: Product Offerings Of The Dow Chemical Company
Table 43: Archer Daniels Midland Co.- Key Facts
Table 44: Product Offerings Of Archer Daniels Midland Co.
Table 45: Soy Technologies, Llc
Table 46: Product Offerings Of Soy Technologies, Llc
Table 47: Biobased Technologies Llc-Key Facts

List Of Figures
Fig 1: Research Scope For Global Soy-Based Chemicals Market
Fig 2: Research Methodology For Global Soy-Based Chemicals Market
Fig 3: Global Soy-Based Chemicals Market, $M (2012-2022)
Fig 4: Global Soy-Based Chemicals Market, By Type, $M (2012-2022)
Fig 5: Global Soy-Based Chemicals Market, By Application, $M (2012-2022)
Fig 6: Global Soy-Based Chemicals Market, By Region, $M (2012-2022)
Fig 7: Soy-Based Chemicals Market In Major Countries (2022)
Fig 8: North America Soy-Based Chemicals Market, $M (2012-2022)
Fig 9: North America Soy-Based Chemicals Market, By Type, $M (2012-2022)
Fig 10: North America Soy-Based Chemicals Market, By Application, $M (2012-2022)
Fig 11: Europe Soy-Based Chemicals Market, $M (2012-2022)
Fig 12: Europe Soy-Based Chemicals Market, By Type, $M (2012-2022)
Fig 13: Europe Soy-Based Chemicals Market, By Application, $M (2012-2022)
Fig 14: Asia-Pacific Soy-Based Chemicals Market, $M (2012-2022)
Fig 15: Asia-Pacific Soy-Based Chemicals Market, By Type, $M (2012-2022)
Fig 16: Asia-Pacific Soy-Based Chemicals Market, By Application, $M (2012-2022)
Fig 17: South America Soy-Based Chemicals Market, $M (2012-2022)
Fig 18: South America Soy-Based Chemicals Market, By Type, $M (2012-2022)
Fig 19: South America Soy-Based Chemicals Market, By Application, $M (2012-2022)
Fig 20: Mea Soy-Based Chemicals Market, $M (2012-2022)
Fig 21: Mea Soy-Based Chemicals Market, By Type, $M (2012-2022)
Fig 22: Mea Soy-Based Chemicals Market, By Application, $M (2012-2022)
Fig 23: Porter’S Five Forces Of Competitive Position Analysis
Fig 24: Competitive Positioning Of Global Soy-Based Chemicals Market, By Application
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