Global Soy Chemicals Market to Reach US$13 Billion by 2017, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Soy Chemicals market. Global demand for Soy Chemicals is projected to reach US$13 billion by the year 2017. Factors catalyzing growth in the market is the increasing demand for bio-diesels and renewable plastics and shift in industry focus towards alternative renewable sources of energy.

Soy Chemicals: A Global Strategic Business Report

Follow us on LinkedIn – Soy Chemicals are derived from soybean, and some of the frequently used ones include methyl soyate, epoxidized products, soy waxes, soy fatty acids, polyols, isoflavones, lecithin, and refined industrial soy oil. Advances in biotechnology have made bio-based chemicals such as soy chemicals to compete on par with petroleum-based chemicals in terms of performance, cost, and other additional benefits such as reducing greenhouse gas emissions. Sustained increase in crude oil prices and the need for new energy sources from eco-friendly feedstocks including soybean is expected to step up investment in soy chemicals. Further the growing desire among companies to reduce dependency on fossil fuels, through renewable sourcing, sustainability, and decreasing landfill space is pushing the demand for soy chemicals. Several new and innovative soy based industrial products are expected to emerge with the ongoing penetration of soy ingredients in various sectors including plastics and food and beverages. The growing desire of business and government to reduce dependency on imports of crude oil is expected to promote the growth of industrial markets. The ongoing research and development activities of soy industry participants would be another driving factor.

As stated by the new market research report on Soy Chemicals, the US continues to remain the largest regional market, closely followed by Asia-Pacific. Over the long term, developing countries in Asia-Pacific and Latin America are expected to take center stage in the global soy chemicals market. Countries in these regions, which largely consume chemicals developed from petrochemical feedstock, are expected to offer immense opportunities for renewable chemicals. Asian countries such as Korea, China and Singapore are increasing their investments in the renewable chemicals sector for gaining a strong foothold in the renewable chemicals market.

In terms of end-use markets, Biodiesel represents the largest end-user of soy chemicals. The plastics segment is forecast to display maximum potential for growth driven by growing demand for renewable plastics and polymers. Further, the narrowing cost differential between petroleum-based polyols and soy oil based polyols and enhanced performance of soy chemicals over petrochemical-based materials in recent years has increased the interest in soy chemicals for production of foams, coatings and adhesives. Soy waxes segment holds strong growth opportunities for natural wax market along within a wide array of waxes blended with cheaper petroleum and synthetic products. Demand for natural waxes would be fuelled by rising interest in natural products among the masses. In addition, the application of these products in candles and food processing, and toiletries and cosmetics market is expected to expand further.

Major players frofiled in the report include Ag Environmental Products, LLC, Archer Daniels Midland Company, BioBased Technologies® LLC, Bunge Limited, Cara Plastics, Inc., Cargill, Inc., Chemtura Corporation, Columbus Foods Company, Dow Chemical Company, Eco Safety, Inc., Elevance Renewable Sciences, Inc., Ferro Corporation, Griffin Industries Inc., Renewable Lubricants Incorporated, SoyaWax International, Inc., Soyaworld Inc., Soy Technologies, LLC, Vitasoy International Holdings Limited, Vitasoy USA Inc., and Vertec BioSolvents, Inc.

The research report titled "Soy Chemicals: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections (US$ Million) for major regional markets including US, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World. End-use segments analyzed include Plastics, Biodiesel, Food & Beverages and Others.

For more details about this comprehensive market research report, please visit –

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
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