Page 1

Soy-Based Chemicals Market

Dental Adhesives and Sealants Market Analysis with Key Players, Applications, Trends and Forecasts by 2024 frf


Soy-Based Chemicals Market Identifies the Key Drivers of Growth and Challenges of the Key Industry Players

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. The major factors driving the growth of the market globally include worldwide concern over environmental consequence and consumer preference towards industrial ecology, eco efficiency and demand for green chemicals. It is expected that the growth of bio-plastics, bio-lubricant and bio-solvent is driven by oil prices fluctuation, high technical substitution potential and superior product quality, such as biodegradability.

Most of these products consume less energy and emit less carbon dioxide. These mate rials might be costly than conventional products, but this higher expense may be partly offset by the fact that usage of these kind of products reduces the need for replacements due to their longer lifespan. The advantage in bio-solvents is that the vast majority of these solvents do not emit volatile organic compounds, which are harmful to human health.

Š P&S Intelligence. All rights reserved

2


Soy-Based Chemicals Market Identifies the Key Drivers of Growth and Challenges of the Key Industry Players

The use of bio-solvents in chemical synthesis is gradually increasing with the successful replacement of halogenated and organic solvents. This is leading to the production of common solvents from biological feedstock, such as soybean, sugar and rice which allows manufacturing at higher purity and at lower cost. Now-a-days bio-refineries are using a combination of various integrated plants for addressing the processes and fractionation of different renewable raw materials to transform them into various products, which can further be converted to chemicals or by-products which are added to fuel in petrochemical industries.

In 2015, North America held the largest share in the global soy-based chemicals market with 34.5% share in terms of value. The developing countries in South America are also expected to make

Š P&S Intelligence. All rights reserved

3


Soy-Based Chemicals Market Identifies the Key Drivers of Growth and Challenges of the Key Industry Players

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 include The 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.

Š P&S Intelligence. All rights reserved

4


Soy-Based Chemicals Market Identifies the Key Drivers of Growth and Challenges of the Key Industry Players

About P&S Intelligence P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. Contact: P&S Intelligence Toll-free: +1-888-778-7886 (USA/Canada) International: +1-347-960-6455 Email: enquiry@psmarketresearch.com Web: https://www.psmarketresearch.com

Š P&S Intelligence. All rights reserved

5


Soy-Based Chemicals Market Identifies the Key Drivers of Growth and Challenges of the Key Industry Players

Disclaimer:

P&S Intelligence always keeps customers interest at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations as they are based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided to us by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinion based on research and should not be interpreted as statements of fact. The information in this report were believed to be correct at the time of publication but cannot be guaranteed. P&S Intelligence does not endorse any product, service or vendor depicted in its research publications. All intellectual property, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance may these be reproduced in any form without the prior written agreement of its owner. An order for market research report is intended for internal use of the company alone and not for disclosure to third parties or any publication in general. No service, report or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including and not limited to, all forms of optical-based media, magnetic, electronic, or digital without a written permission from P&S Intelligence.

Kindly write to: enquiry@psmarketresearch.com B-13, Sector – 2, Noida, U.P. – 201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886

Š P&S Intelligence. All rights reserved

6

Profile for Devanshu Raizada

Soy-Based Chemicals Market : Global Market Size, Competitive Benchmarking of Key Players and Forecas  

North America held the largest share in the global soy-based chemicals market with 34.5% share in terms of value. The developing countries i...

Soy-Based Chemicals Market : Global Market Size, Competitive Benchmarking of Key Players and Forecas  

North America held the largest share in the global soy-based chemicals market with 34.5% share in terms of value. The developing countries i...

Advertisement