Soy Chemicals Market, By Product Type (Soy-Oil, Polyols, Fatty Acids, Soy-Wax, Isoflavones, Methyl Soyate, Others), By Application (Biodiesel, Bioplastics, Oleochemicals and Surfactant, Paints and Coatings, Printing Inks, Others), By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2023-2030
REPORT HIGHLIGHT
Soy Chemicals Market size was valued at USD 23,607.1 Million in 2022, expanding at a CAGR of 7.3% from 2023 to 2030.
Soy chemicals are derived from soybeans, a versatile legume with a rich history as a dietary staple for both humans and animals. In addition to its well-established role as a food source, soybeans have found applications in various industrial sectors in recent years, showcasing their multifaceted utility. The remarkable versatility of soybeans can be attributed to their complex chemical composition, which includes proteins, oils, and a host of other valuable constituents.
One of the noteworthy components of soy is isoflavones, compounds that undergo conversion into phytoestrogens within the body. These phytoestrogens possess a molecular structure akin to that of the hormone estrogen. In certain instances, phytoestrogens can mimic the actions of estrogen, but they can also counteract estrogen\'s effects under different circumstances.
Soy is renowned for its potential health benefits, and it is often recommended as part of dietary interventions to address issues such as high cholesterol, hypertension, heart disease, diabetes, menopausal symptoms, and premenstrual syndrome (PMS). Beyond these well-documented uses, soy is also purported to have a wide range of therapeutic applications for various medical conditions. However, it\'s important to note that while there is some supporting evidence for these claims, many of them lack robust scientific validation.
Soy Chemicals Market- Market Dynamics
- Rising demand for renewable fuel sources expected to propel market demand
Numerous nations have enacted renewable fuel standards and mandates that stipulate a specific proportion of transportation fuels, such as biodiesel derived from soy, must originate from renewable sources. With a growing global consciousness about environmental issues, there\'s an increasing demand for products crafted from sustainable raw materials, prompting industries to incorporate substances like soy chemicals into their offerings.
In a recent report by the International Energy Agency, it was revealed that renewables constituted 29% of global electricity generation in 2020, marking an increase from the 27% recorded in 2019. While bioenergy witnessed a 3% growth in industrial utilization, this gain was somewhat counterbalanced by a reduction in biofuels utilization, driven by decreased oil demand and subsequent reductions in blended biofuel utilization. Wind energy is poised for a substantial expansion in renewable energy generation, expected to grow by 275 terawatt-hours, nearly a 17% increase compared to 2020 levels.
The arena of biotechnology research holds significant potential for exploring inventive applications of soy-based compounds across diverse industries, offering promising avenues for market expansion. However, it\'s worth noting that soy is a well-known allergen, which imposes limitations on its utilization in specific applications, particularly within the realms of food and personal care industries.
Soy Chemicals Market- Key Insights
- As outlined by our research analyst\'s assessment, the global Soy Chemicals market is poised for robust annual growth, with an estimated CAGR of approximately 7.3% throughout the forecast period spanning from 2023 to 2030.
- Within the realm of product types, Polyols demonstrated its dominance by securing the highest market share in 2022, signifying its importance and relevance within the industry landscape.
- Moreover, when we delve into the sphere of applications, it becomes evident that Biodiesel held the premier position in 2022, underscoring its significance within the market and its contribution to the overall sector.
- From a geographical perspective, North America emerged as the primary source of revenue generation in 2022, indicating the region\'s prominent role in the global Soy Chemicals market.
Soy Chemicals Market- Segmentation Analysis:
The global Soy Chemicals Market boasts a multifaceted segmentation, primarily categorized by Product Type, Application, and Region, which collectively contribute to its diverse landscape.
Within this market\'s product types, it encompasses an array of categories, including Soy Oil, Polyols, Fatty Acids, Soy Wax, Isoflavones, Methyl Soyate, and several others. Notably, Polyols emerge as the dominant force driving market expansion.
Soy Chemicals is an integral component of the broader bio-based chemicals and materials sector, emphasizing the utilization of soybean-derived resources for crafting an extensive array of chemicals and products, with a particular emphasis on polyols.
Soy Chemicals Market- Competitive Landscape:
In the dynamic landscape of the soy chemicals market, competition is shaped by a myriad of factors encompassing prominent players, technological advancements, global reach, and product portfolios. Within this diverse market, producers often strive to set their offerings apart through various means, including enhanced performance, cost-effectiveness, and ecological advantages. Soy-based products span a wide spectrum, encompassing adhesives, paints, coatings, inks, lubricants, polyols, biodiesel, among others, and companies seek to distinguish themselves by these product attributes.
A pivotal competitive element lies in continuous research aimed at enhancing the properties of soy-derived compounds while also exploring novel applications. Robust investments in research and development are channeled to optimize the efficiency and efficacy of soy-based products, ensuring they not only meet but exceed the standards set by conventional chemicals.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL SOY CHEMICALS MARKET KEY PLAYERS
- BioBased Technologies LLC
- Bunge Ltd.
- The Dow Chemical Company
- ADM Co.
- Cargill Inc.
- Cara Plastics Inc.
- Elevance Renewable Sciences Inc.
- Griffin Industries Inc.
- Soy Technologies LLC
- Vitasoy USA Inc.
- VertecBiosolvents
- Soyaworld Inc.
- Columbus Foods Co.
- Chemtura Corp.
- Others
GLOBAL SOY CHEMICALS MARKET, BY PRODUCT TYPE
- Soy-Oil
- Polyols
- Fatty Acids
- Soy-Wax
- Isoflavones
- Methyl Soyate
- Others
GLOBAL SOY CHEMICALS MARKET, BY APPLICATION
- Biodiesel
- Bioplastics
- Oleochemicals and Surfactant
- Paints and Coatings
- Printing Inks
- Others
GLOBAL SOY CHEMICALS MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA
TABLE OF CONTENT
1. Soy Chemicals Market Overview
1.1. Study Scope
2. Executive Summary
2.1. Market Snippet
2.1.1. Soy Chemicals Market Snippet by Product Type
2.1.2. Soy Chemicals Market Snippet by Application
2.1.3. Soy Chemicals Market Snippet by Country
2.1.4. Soy Chemicals Market Snippet by Region
2.2. Competitive Insights
3. Soy Chemicals Key Market Trends
3.1. Soy Chemicals Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Soy Chemicals Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Soy Chemicals Market Opportunities
3.4. Soy Chemicals Market Future Trends
4. Soy Chemicals Industry Study
4.1. PEST Analysis
4.2. Porter’s Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Soy Chemicals Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Soy Chemicals Market Landscape
6.1. Soy Chemicals Market Share Analysis, 2022
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players’ Analysis
6.2.2. Emerging Players’ Analysis
7. Soy Chemicals Market – By Product Type
7.1. Overview
7.1.1. Segment Share Analysis, By Product Type, 2022 & 2030 (%)
7.1.2. Soy-Oil
7.1.3. Polyols
7.1.4. Fatty Acids
7.1.5. Soy-Wax
7.1.6. Isoflavones
7.1.7. Methyl Soyate
7.1.8. Others
8. Soy Chemicals Market – By Application
8.1. Overview
8.1.1. Segment Share Analysis, By Application, 2022 & 2030 (%)
8.1.2. Biodiesel
8.1.3. Bioplastics
8.1.4. Oleochemicals and Surfactant
8.1.5. Paints and Coatings
8.1.6. Printing Inks
8.1.7. Others
9. Soy Chemicals Market– By Geography
9.1. Introduction
9.1.1. Segment Share Analysis, By Geography, 2022 & 2030 (%)
9.2. North America
9.2.1. Overview
9.2.2. Soy Chemicals Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
9.2.4. North America Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.2.5. North America Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.2.6. U.S.
9.2.6.1. Overview
9.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.2.6.3. U.S. Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.2.6.4. U.S. Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.2.7. Canada
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.2.7.3. Canada Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.2.7.4. Canada Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.3. Europe
9.3.1. Overview
9.3.2. Soy Chemicals Key Manufacturers in Europe
9.3.3. Europe Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
9.3.4. Europe Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.3.5. Europe Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.3.6. Germany
9.3.6.1. Overview
9.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.6.3. Germany Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.3.6.4. Germany Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.3.7. Italy
9.3.7.1. Overview
9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.7.3. Italy Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.3.7.4. Italy Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.3.8. United Kingdom
9.3.8.1. Overview
9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.8.3. United Kingdom Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.3.8.4. United Kingdom Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.3.9. France
9.3.9.1. Overview
9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.9.3. France Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.3.9.4. France Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.3.10. Russia
9.3.10.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.10.2. Russia Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.3.10.3. Russia Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.3.11. Netherlands
9.3.11.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.11.2. Netherlands Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.3.11.3. Netherlands Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.3.12. Sweden
9.3.12.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.12.2. Sweden Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.3.12.3. Sweden Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.3.13. Poland
9.3.13.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.13.2. Poland Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.3.13.3. Poland Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.3.14. Rest of Europe
9.3.14.1. Overview
9.3.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.14.3. Rest of the Europe Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.3.14.4. Rest of the Europe Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.4. Asia Pacific (APAC)
9.4.1. Overview
9.4.2. Soy Chemicals Key Manufacturers in Asia Pacific
9.4.3. Asia Pacific Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
9.4.4. Asia Pacific Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.4.5. Asia Pacific Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.4.6. India
9.4.6.1. Overview
9.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.6.3. India Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.4.6.4. India Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.4.7. China
9.4.7.1. Overview
9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.7.3. China Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.4.7.4. China Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.4.8. Japan
9.4.8.1. Overview
9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.8.3. Japan Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.4.8.4. Japan Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.4.9. South Korea
9.4.9.1. Overview
9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.9.3. South Korea Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.4.9.4. South Korea Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.4.10. Australia
9.4.10.1. Overview
9.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.10.3. Australia Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.4.10.4. Australia Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.4.11. Thailand
9.4.11.1. Overview
9.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.11.3. Thailand Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.4.11.4. Thailand Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.4.12. Indonesia
9.4.12.1. Overview
9.4.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.12.3. Indonesia Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.4.12.4. Indonesia Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.4.13. Philippines
9.4.13.1. Overview
9.4.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.13.3. Philippines Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.4.13.4. Philippines Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.4.14. Rest of APAC
9.4.14.1. Overview
9.4.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.14.3. Rest of APAC Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.4.14.4. Rest of APAC Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.5. Latin America
9.5.1. Overview
9.5.2. Soy Chemicals Key Manufacturers in Latin America
9.5.3. Latin America Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
9.5.4. Latin America Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.5.5. Latin America Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.5.6. Brazil
9.5.6.1. Overview
9.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.5.6.3. Brazil Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.5.6.4. Brazil Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.5.7. Mexico
9.5.7.1. Overview
9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.5.7.3. Mexico Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.5.7.4. Mexico Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.5.8. Argentina
9.5.8.1. Overview
9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.5.8.3. Argentina Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.5.8.4. Argentina Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.5.9. Colombia
9.5.9.1. Overview
9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.5.9.3. Colombia Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.5.9.4. Colombia Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.5.10. Rest of LATAM
9.5.10.1. Overview
9.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.5.10.3. Rest of LATAM Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.5.10.4. Rest of LATAM Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.6. Middle East and Africa
9.6.1. Overview
9.6.2. Soy Chemicals Key Manufacturers in Middle East and Africa
9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
9.6.4. Middle East and Africa Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.6.5. Middle East and Africa Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.6.6. Saudi Arabia
9.6.6.1. Overview
9.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.6.3. Saudi Arabia Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.6.6.4. Saudi Arabia Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.6.7. United Arab Emirates
9.6.7.1. Overview
9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.7.3. United Arab Emirates Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.6.7.4. United Arab Emirates Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.6.8. Israel
9.6.8.1. Overview
9.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.8.3. Israel Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.6.8.4. Israel Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.6.9. Turkey
9.6.9.1. Overview
9.6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.9.3. Turkey Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.6.9.4. Turkey Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.6.10. Algeria
9.6.10.1. Overview
9.6.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.10.3. Algeria Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.6.10.4. Algeria Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.6.11. Egypt
9.6.11.1. Overview
9.6.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.11.3. Egypt Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.6.11.4. Egypt Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.6.12. Rest of MEA
9.6.12.1. Overview
9.6.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.12.3. Rest of MEA Market Size and Forecast, By Product Type, 2018 - 2030 (US$ Million)
9.6.12.4. Rest of MEA Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
10. Key Vendor Analysis- Soy Chemicals Industry
10.1. Competitive Dashboard
10.2. Company Profiles
10.2.1. BioBased Technologies LLC
10.2.2. Bunge Ltd.
10.2.3. The Dow Chemical Company
10.2.4. ADM Co.
10.2.5. Cargill Inc.
10.2.6. Cara Plastics Inc.
10.2.7. Elevance Renewable Sciences Inc.
10.2.8. Griffin Industries Inc.
10.2.9. Soy Technologies LLC
10.2.10. Vitasoy USA Inc.
10.2.11. VertecBiosolvents
10.2.12. Soyaworld Inc.
10.2.13. Columbus Foods Co.
10.2.14. Chemtura Corp.
10.2.15. Others
11. 360 Degree Analyst View
12. Appendix
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us
