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Soy Chemicals Market showcase impressive growth rate between 2018 and 2024

Author : Ronak Bora | Published Date : 2019-04-12 

Global Market Insights, Inc. adds new Soy Chemicals Market report which provides in-depth information about Industry overview, top vendors, Key market highlights, product types, drivers, challenges, trends, industry landscape, size and forecast.

Rising environmental concerns along with increasing demand for bio-based products may stimulate soy chemicals market demand. These products are highly used as alternatives for petroleum and other conventional chemicals thereby reducing the effect of harmful GHG emissions. Soy chemicals are utilized across various end-use segments owing to stringent government regulations regarding harmful emissions thereby enhancing market growth.

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Rapid penetration and increasing threats of global warming, acid rain, water pollution and ozone layer depletion has led to increasing adoption of greener products globally. Soy based products are used as renewable chemicals which are being highly used adhesives, paints & coatings and plasticizers industries on account of climate changes and environmental degradation.

Soy tocopherols market demand may surpass USD 350 million by the end of forecast period. These products are extracted from Non-GMO soybeans which are highly used in personal care applications such as moisturizers, lipsticks, face powders, bath sops, foundations and detergents. These products provide protection against various environmental stressors such as UV rays and pollution. Also, used as antioxidant, anti-aging, skin conditioning agents and natural preservatives thereby preserving skin and boosting soy chemicals market demand.

Refined industrial soybean oil market from lubricant applications may exceed USD 1.5 million by 2024. Soybean oil is highly refined and blown under controlled conditions for achieving high viscosity, low flammability and enhanced lubricity. These products are used as raw materials for reducing CO2 emissions, energy costs and minimizing the requirements for high costs additives and antioxidants which may promote soy chemicals market growth.

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Europe soy wax market from candle applications may register gains close to 3.5% up to 2024. Soy wax are made from soybeans as compared to its counterparts such as paraffin wax which are generally produced from petroleum. Additionally, these products provide better scent, cleaner burning and environmental benefits free from toxins, pollutants and carcinogens thereby enhancing soy chemicals market demand.

Major industry participants in soy chemicals industry consists of: Griffin Industries, Dow Chemical, Cara Plastics, Soy Technologies, Soyaworld, Chemtura and Cargill. Manufacturers are highly engaged in forming partnerships and agreements to develop product portfolio and customer base along with enhancing regional reach which may further promote industry growth.

Browse key industry insights spread across 480 pages with 696 market data tables & 36 figures & charts from the report, “Soy Chemicals Market” in detail along with the table of contents:



About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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