Soy-based Chemicals are derived from soybeans. Soybeans are a rich source of essential nutrients. The major output is processed and used as feedback, and the rest is used as additives in various applications.

MIR analysts forecast the global soy-based chemicals market to grow at a CAGR of 7.60% during the period 2018-2022.

The report covers the present scenario and the growth prospects of the global soy-based chemicals market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of soy-based chemicals.

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Soy-based Chemicals Market Key Vendors Are: adidas, Canterbury, Grays of Cambridge, Nike, Rhino Rugby, Under Armour

Soy-based Chemicals Market Driver:

  • The rising demand for biofuels
  • For a full, detailed list, view our report

 Soy-based Chemicals Market Trends:

  • Rising need for natural waxes in candle industry
  • For a full, detailed list, view our report

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 The Soy-based Chemicals Market is divided into the following segments based on Geography:

  • Americas
  • APAC
  • EMEA

This independent 117-Page report guarantees you will remain better informed than your competition. With approx 210 tables and figures examining the Soy-based Chemicals Market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.

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Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is rising need for natural waxes in candle industry. The increasing environmental concerns and rising demand for bio-based products have driven the usage of soy-based chemicals in the natural wax industry. The rising popularity of soy-wax candles are mainly due to its advantages such as cleaner burning, increased durability, and good fragrance. This will lead to the growth of the soy-based chemicals market.”

According to the report, one of the major drivers for this market is the rising demand for biofuels. Factors such as reduction of carbon emission and elimination of increased reliance on fossil fuels drive the demand for biofuels. Moreover, agriculture-based countries such as India, China, and Brazil have shown high demand for biofuels due to the presence of wide areas for feedstock production. The governments of different countries such as US and Germany offer increased support for the utilization of biofuels to lower the dependence on imported crude oil. Such factors will increase the consumption of biofuels such as soy-based biodiesel during the forecast period.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key Highlights of The Soy-based Chemicals Market Report:

  • The key details related to Soy-based Chemicals Market like the product definition, cost, variety of applications, demand and supply statistics are covered in this report.
  • Competitive study of the major Soy-based Chemicals Market players will help all the market players in analyzing the latest trends and business strategies.
  • The study of emerging Soy-based Chemicals Market segments and the existing market segments will help the readers in planning the business strategies.
  • Figure Global Production Market Share of Soy-based Chemicals Market by Types and by Applications in 2017.

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