NEWARK, N.J. , July 11, 2022 /PRNewswire/ -- As per the report published by The Brainy Insights, the global soy chemicals market is expected to grow from USD 25.5 billion in 2021 to USD 50.5 billion by 2030, at a CAGR of 7.9% during the forecast period 2022-2030.
Soy chemicals are a substitute for conventional products based on crude and petroleum. It is a significant element in the bio-fuels setup and is considered a reliable and stable alternative to traditional chemicals as they help regulate pollution levels. The use of biodiesel has shown a reduction of about 78% in CO2 emissions, per the U.S. Department of Energy. This has thus helped in boosting the demand for soy chemicals. The increasing demand for environmentally friendly chemicals in industries such as cosmetics, detergents, consumer packaging, and food ingredients increases the need for soy chemicals. There is a high demand for biodegradable plastics made from soy protein concentrate, isolates, flakes, and soy-based derivatives, mixed with synthetic plastics, including polylactic acid, and polycaprolactone. This aims to combine chemicals with isoflavones, waxes, thermoset plastics, elastomers, different oleochemicals, plasticizers, and rubber compounds that can make molded products like soaps, biodegradable plastics, and purchasing bags.
For Right Perspective and Competitive Insights, Get Sample Report at: https://www.thebrainyinsights.com/enquiry/sample-request/12806
To enhance their market position in the global soy chemicals market, the key players are now focusing on adopting the strategies such as product innovations, mergers & acquisitions, recent developments, joint ventures, collaborations, and partnerships.
In February 2020 , Archer Daniels Midland Company announced its expansion to produce non-GMO soy protein concentrate to meet the increasing demand for plant-based proteins in Europe . The production expansion is planned at the Europoort, Netherlands .
Soy-based chemicals are widely used to replace petroleum-based products, which drive the market's growth. To reduce the emission of carbon dioxide and reduce the consumption of fossil fuels, most industries are shifting towards bio-based products as an alternative to petroleum-based products, thus propelling the market's growth. However, soy chemicals and their production cost are relatively high compared to conventional chemical products, which hamper the market's growth. Soy chemicals are widely used in various applications such as food, paper, cosmetics, plastics, and polymers, providing an opportunity for the market's growth. It is also widely used in manufacturing biodegradable plastics, soaps, and biodiesel, propelling the market's growth. Increasing demand for environment-friendly chemicals in several industries, such as consumer packaging, cosmetics, food ingredients, and detergents, drives growth.
Get detailed COVID-19 impact analysis on the Soy Chemicals Market: https://www.thebrainyinsights.com/report/soy-chemicals-market-12806
In 2021, the polyols segment dominated the market with the largest market share of 16% and market revenue of 4.08 billion.
The product type segment is divided into fatty acids, isoflavones, soy oil, polyols, methyl soyate, soy waxes, and others. In 2021, the polyols segment dominated the market with the largest market share of 16% and revenue of 4.08 billion. Polyols are highly durable and sustainable materials available at a lower price. Due to this, they are widely used in making mattresses and pillows, which drives the segment's growth.
In 2021, the biofuel segment accounted for the largest share of the market, with 28% and market revenue of 7.14 billion.
The application segment is divided into food & beverages, paper, cosmetic & personal care, biofuel, plastic & polymers, and others. In 2021, the biofuels segment accounted for the largest share of the market, with 28% and market revenue of 7.14 billion. The rising demand for renewable fuels to drive vehicles, coupled with the increasing sales in the automotive sector, are some of the driving factors for the growth of the soy chemicals market in the segment.
Regional Segment Analysis of the Soy Chemicals Market
North America (U.S., Canada , Mexico )
Europe (Germany , France , U.K., Italy , Spain , Rest of Europe )
Asia-Pacific (China , Japan , India , Rest of APAC)
South America (Brazil and the Rest of South America )
The Middle East and Africa (UAE, South Africa , Rest of MEA)
Among all regions, North America emerged as the largest market for the global soy chemicals market, with a market share of around 40.8% and 10.4 billion of the market revenue in 2021. The soy chemicals market has been rapidly growing in the North American region due to the substantial use of biodiesel made from soy chemicals in vehicles. Furthermore, the increasing investment by the government to develop renewable chemicals propels the growth of the market in the region.
Interested in Procure Data? Visit: https://www.thebrainyinsights.com/buy-now/12806/single
Key players operating in the global soy chemicals market are:
This study forecasts global, regional, and country revenue from 2019 to 2030. Brainy Insights has segmented the global soy chemicals market based on the below-mentioned segments:
Global Soy Chemicals Market by Product Type:
Global Soy Chemicals Market by Application:
Enquire or share your questions before purchasing this report @ https://www.thebrainyinsights.com/enquiry/buying-inquiry/12806
The global soy chemicals market is analyzed based on value (USD Billion). All the segments have been analyzed worldwide, regional and country basis. The study includes the analysis of more than 30 countries for each part. The report analyzes driving factors, opportunities, restraints, and challenges for gaining critical insight into the market. The study includes porter's five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.
Electronic Adhesive Market Size by Application (Semiconductor & IC, & Printed Circuit Board), Resin Type (Acrylics, Epoxy, Polyurethane, Silicones, and Others), End-Use, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030
Global Bio Polyamide Market Size By Product Type (PA 6, PA 66, Specialty Polyamide), By End-user (Automotive, Textile, Coating, Industrial, Sports, Electronics), Regions, Global Industry Analysis, By End-user, Share, Growth, Trends, and Forecast 2022 to 2030
Blowing Agent Market Size by Foam (Polystyrene Foam, Polyolefin Foam, Polyurethane Foam, and Phenolic Foam), Type (Hydrochlorofluorocarbons (HCFC), Hydrofluorocarbons (HFC), Hydrofluoroolefin (HFO) Hydrocarbons (HC), and Others), Application (Bedding and Furniture, Building and Construction, Appliances, Automotive, Packaging, and Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030
Marine Hydrolyzed Collagen Market Size by Application (Food & Beverages, Cosmetics & Personal Care, Healthcare, and Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030
Avail access to The Brainy Insights and our exceptional market research database.
The Brainy Insights is a market research company that provides actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients' objectives of high-quality output within a short span of time. We provide both customized (clients' specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients' requirements, whether they are looking to expand or planning to launch a new product in the global market.
Avinash D Head of Business Development Phone: +1-315-215-1633 Email: sales@thebrainyinsights.com Web: http://www.thebrainyinsights.com
Logo: https://mma.prnewswire.com/media/1747971/Brainy_Insights_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/soy-chemicals-market-to-reach-usd-50-5-billion-by-2030-rising-use-of-soy-chemicals-in-biodiesel-and-renewable-plastics-to-fuel-market-progress-the-brainy-insights-301583649.html
Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) is joining its tech peers in a stock split. The trillion-dollar tech giant, which is the parent company of Google, plans to do a 20:1 stock split on Friday, July 15. If you're aiming to buy Alphabet before the stock split, the clock is ticking.
Rogers knows how to survive — and thrive — in turbulent times.
Inflation is running hot at 9%. Suze likes this asset to beat it.
The market is unstable. Your portfolio doesn’t need to be.
For nearly six decades, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett has stood head and shoulders above most money managers. Since taking the reins of Berkshire in 1965, Buffett has overseen the creation of more than $610 billion in value for shareholders, as well as led the company's Class A shares (BRK.A) to an aggregate return in excess of 3,600,000%. Given the Oracle of Omaha's incredible track record, investors tend to pay close attention to what he and his investing team are buying and selling.
Shares of some of the world's biggest technology companies gained ground on Friday after several difficult sessions for the market. Semiconductor specialist Nvidia (NASDAQ: NVDA) was up as much as 2.4%, social media giant Meta Platforms (NASDAQ: META) rose as much as 3.7%, and customer relationship management (CRM) specialist Salesforce (NYSE: CRM) climbed as much as 3.8%. The catalyst that sent a wide swath of technology stocks higher today was a read on consumer spending, which was more robust than many had predicted.
Russia is positioning itself to engage in 'expropriation blackmail,' according to Mark Dixon, founder of the Moral Rating Agency.
Mining stocks could capitulate given waning demand for industrial metals
Goldman Sachs slashed its earnings forecast for chipmakers and semiconductors due to fears of a slowdown in global growth.
Every investor wants to see his stocks pay off – or he wouldn’t be in the markets. But finding the right investment, the ‘one’ that will bring profits, can sometimes be challenging, especially in today's market conditions. The two simplest courses of action an investor can take to ensure solid returns are based on common sense. The first is to buy low and sell high. That is, find a cheap stock with sound fundamentals and good prospects for growth – and buy in to take advantage of the growth pote
Alphabet stock will undergo a 20-for-1 stock split on July 18. Here's how to trade the stock into the event.
The problem is that it could come at the expense of Bitcoin prices. It can be a highly lucrative business in a bull market. Miners were laughing in November 2021, when Bitcoin traded at a record high of $69,000.
MARK HULBERT A gutsy contrarian bet right now is that the strong U.S. dollar will weaken, particularly versus the euro. A secondary bold bet is that U.S. stocks will lag international equities. Dollar weakness would represent a reversal of a trend dating back several years.
(Bloomberg) -- Carson Block was on a Delta flight to New York when he felt blood pooling on his seat.Most Read from BloombergIvana Trump, First Wife of Former President, Dies At 73Chinese Homebuyers Across 22 Cities Refuse to Pay MortgagesBiden to Leave Mideast With No Immediate Announcement on OilTrump Allies Line Up Shadow Government, Mindful of 2016’s ChaosIt’s a tale the famous, filter-free founder of trading firm Muddy Waters Capital launches into to make a point about misdoings among short
(Bloomberg) -- Former Treasury Secretary Lawrence Summers issued one of his harshest criticisms yet of the Federal Reserve’s slowness in moving to raise interest rates, and warned that policy makers are still presenting forecasts that are unrealistic.Most Read from BloombergIvana Trump, First Wife of Former President, Dies At 73Chinese Homebuyers Across 22 Cities Refuse to Pay MortgagesBiden to Leave Mideast With No Immediate Announcement on OilTrump Allies Line Up Shadow Government, Mindful of
Bill Gates has promised to give "virtually all" of his fortune away. Where will it go?
Utility stocks are among the safest stocks in the entire stock market during a recession, and many agree we're either in one, or headed there. Utilities also provide stable dividends, even when the economy enters a downturn. As a result, these 3 high dividend stocks from the utility sector could be safe havens during a prolonged downturn.
Lawyers for Elon Musk filed a motion opposing Twitter’s request, their first public response to the lawsuit filed earlier this week by the social-media company seeking to enforce the terms of their $44 billion deal.
The worries about tech could peak as earnings season gets under way. Now is the time to take advantage of a few bargains.
Wall Street capped a week of losses with a broad rally for stocks Friday, as investors welcomed solid earnings from big companies and an encouraging report on consumer sentiment and inflation expectations.