Soy-based Chemical Market to observe 7.5%+ CAGR from 2018 to 2024

Major soy-based chemical market participants consist of Griffin Industries, Dow Chemical, Cara Plastics, Soy Technologies, Soyaworld, Chemtura and Cargill.

Selbyville, Delaware , USA - December 17, 2018 /MarketersMedia/ —

Soy-based chemical market for tocopherols segment 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 chemical market demand.

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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-based chemical market growth.

North America GMO soy lecithin market from food & beverage applications may expect gains at over 5% by the end of 2024. The product is used as a food additive such as emulsifiers which are incorporated in various food products such as dietary supplements, baked goods, infant formulas, ice creams and convenience foods. It is highly used for cholesterol maintenance and boost brain functions. These products are generally sold in supplement forms which are widely accepted for promoting overall health and wellness of individuals. Additionally, increasing obesity concerns in the U.S. along with rising health diseases is propagating consumers to shift towards healthy plant-based sources which may further boost soy-based chemical market size.

China tocopherols market size from cosmetics applications may surpass USD 7 million by the end of forecast period. The products are highly in the personal care products such as moisturizers, lipstick, blushers, hair conditioners, eye shadow, soaps and face powders. Vitamin E is a naturally occurring antioxidant which prevents skin from harmful exposure of UV rays and is used as preservative for hydrating skin which may further boost soy-based chemical market demand.

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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-based chemical market demand.

Germany epoxidized soybean oil market demand from plasticizer applications may witness market share at over 50% by the end of projected timeline. The product is highly manufactured from soybean oil following epoxidized process. Plasticizers from soybean oil are environment friendly and provides cost benefits which may enhance soy-based chemical market size in the country.

Major industry participants in soy-based chemical 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 Size By Product (Soy Oil Derivatives {Soy Polyols (Polyurethane products, Adhesives, Elastomers, Coatings, Others), Soy Wax (Candles, Cosmetics), Methyl Soyate (Paints & Coatings, Industrial & Domestic Cleaning, Printing Inks, Cosmetics) Epoxidized Soybean Oil (Plasticizers, UV Cure, Fuel Additives}, Natural Extracts {Soy isoflavones (Food & beverages, Nutraceuticals, Cosmetics), Vitamin E (Tocopherols(Cosmetics, Food & Beverages, Animal Feed, Dietary supplements, Pharmaceuticals), Lecithin (Food & Beverages, Animal Feed, Pharmaceuticals, Cosmetics, Industrial} Industrial Refined Soy Oil)])), Application Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/soy-chemicals-market

Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market definitions
1.3 Market estimation & forecast parameters
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid Sources
1.4.2.2 Public Sources
Chapter 2 Executive Summary
2.1 Soy chemicals industry 3600 synopsis, 2013 - 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/soy-chemicals-market

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