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China Soy-Based Chemicals Market

China Soy-Based Chemicals Market By Type (Soy Oil, Soy Wax, Soy-Based Polymers, Soy Fatty Acids, Soy Methyl Esters); By Application (Industrial, Cosmetics & Personal Care, Food & Beverages, Pharmaceuticals, Agriculture); By End Use Industry (Automotive, Construction, Packaging, Healthcare, Others) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2020-2023
Base Year	2024
Forecast Period	2025-2032
China Soy-Based Chemicals Market Size 2024	USD 3,589.91 million
China Soy-Based Chemicals Market, CAGR	9.58%
China Soy-Based Chemicals Market Size 2032	USD 7,462.33 million

Market Overview

The China Soy-Based Chemicals Market is projected to grow from USD 3,589.91 million in 2024 to an estimated USD 7,462.33 million by 2032, with a compound annual growth rate (CAGR) of 9.58% from 2025 to 2032. This robust growth reflects China’s increasing adoption of sustainable and bio-based alternatives across various industrial sectors.

Key drivers of this market include heightened environmental awareness, stringent government regulations promoting eco-friendly practices, and the rising demand for renewable resources in manufacturing. Additionally, the versatility of soy-based chemicals in applications ranging from biodiesel and bioplastics to personal care products and coatings is fueling their widespread adoption. The economic viability of soy-based chemicals, coupled with their lower environmental impact compared to petroleum-based counterparts, further accelerates their market penetration.

Geographically, China stands as a dominant player in the Asia-Pacific region, benefiting from its extensive soybean cultivation and strong industrial infrastructure. Major companies such as Cargill, Archer Daniels Midland Company (ADM), Bunge Limited, and Elevance Renewable Sciences are actively investing in research and development to enhance the performance and application scope of soy-based chemicals. These investments are pivotal in meeting the growing demand and achieving sustainability goals within the Chinese market.

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Market Insights

The China Soy-Based Chemicals Market is projected to grow from USD 3,589.91 million in 2024 to USD 7,462.33 million by 2032, with a CAGR of 9.58% from 2025 to 2032, driven by increasing demand for sustainable alternatives.
The Global Soy-Based Chemicals Market is projected to grow from USD 28,996.80 million in 2024 to USD 52,069.72 million by 2032, with a CAGR of 7.59% from 2025 to 2032.
Key drivers include heightened environmental awareness, government regulations promoting eco-friendly practices, and the growing demand for renewable resources across industries such as biodiesel, bioplastics, and personal care.
Soy-based chemicals offer economic benefits due to their lower environmental impact compared to petroleum-based products, making them a cost-effective and sustainable option for manufacturers.
Supply chain disruptions, particularly in raw material availability and price volatility of soybeans, pose challenges to the steady growth of the soy-based chemicals market in China.
Ongoing innovation in production technologies, including more efficient extraction and refining methods, is helping to reduce costs and improve the scalability of soy-based chemical production.
China holds a dominant position in the Asia-Pacific region, benefiting from its extensive soybean cultivation and strong industrial infrastructure, which supports the growth of soy-based chemical production.
Major companies such as Cargill, ADM, Bunge, and Elevance Renewable Sciences are leading the market by investing in R&D to expand soy-based chemical applications and meet the growing demand for sustainable products.

Market Drivers

Government Support for Sustainable Practices and Regulations

The Chinese government has significantly contributed to the growth of the soy-based chemicals market through various regulations and initiatives aimed at promoting sustainability. For instance, in 2020, the government launched the “13th Five-Year Plan for Ecological and Environmental Protection,” which emphasizes increasing the share of bio-based chemicals in the industrial sector. Additionally, the government’s introduction of subsidies for bio-based material manufacturers, such as those focused on soy-based chemicals, has led to an increase in investment. In 2019, China’s Ministry of Industry and Information Technology allocated over RMB 3 billion in research funding for sustainable chemical technologies, providing support for companies developing bio-based alternatives like soy-based chemicals. These policies are aligned with China’s broader environmental goals, such as reducing greenhouse gas emissions, mitigating pollution, and transitioning towards a circular economy. The favorable regulatory environment has led to significant shifts in industrial practices, with many businesses opting for soy-based chemicals over traditional petroleum-based products.

Growing Demand for Renewable and Eco-Friendly Materials

As consumers and industries become more conscious of environmental issues, the demand for sustainable alternatives has surged across various sectors. For instance, in the automotive industry, companies like BYD Auto and Great Wall Motors have adopted bio-based components, including soy-based polyurethane, for vehicle interiors. The food and beverage sector is also embracing soy-based materials, with major brands such as Nestlé and Coca-Cola incorporating bio-based packaging in response to consumer preferences for eco-friendly products. Additionally, the demand for soy-based surfactants in personal care products has grown, with companies such as Unilever and L’Oréal prioritizing natural ingredients in their formulations. These soy-based chemicals are increasingly seen as a viable and eco-friendly substitute for petroleum-based chemicals, particularly in the production of bioplastics, biodegradable lubricants, and surfactants. This shift in consumer behavior, driven by the rising consumer preference for green products and the pressure on industries to reduce their carbon footprints, is expected to significantly propel the demand for soy-based chemicals in China, further driving market growth.

Technological Advancements and Innovation in Soy-Based Chemicals

Technological advancements in soy-based chemicals have significantly contributed to the expansion of this market. Over the years, innovations in the processing and refinement of soybeans have allowed for more efficient extraction and conversion processes, improving the cost-effectiveness and performance of soy-based chemicals. Moreover, continued R&D investments have led to the development of new and enhanced soy-based products with better quality and broader applications. This includes the development of soy-based bioplastics that exhibit improved durability and functionality, opening new market opportunities in packaging, automotive parts, and electronics. The ongoing improvements in production techniques, along with the ability to scale up production, have made soy-based chemicals more competitive in terms of pricing and performance. These advancements are expected to meet the growing demand from industries seeking to reduce their reliance on petroleum-based chemicals, further boosting the market for soy-based chemicals in China.

Support for the Agricultural Sector and Soybean Cultivation

China is one of the largest producers and consumers of soybeans, making it an ideal market for the growth of soy-based chemicals. The agricultural sector in China plays a vital role in the domestic production of soybeans, which are the primary raw material for soy-based chemicals. The government’s continued focus on enhancing agricultural productivity and ensuring the stability of soybean supply is a critical driver for the market. As part of its broader agricultural policies, China has been investing in the development of soybean cultivation, encouraging local farmers to increase production through improved farming practices, subsidies, and technology transfer. Furthermore, China’s growing demand for soybeans for both food and industrial uses has led to a more robust supply chain, ensuring the availability of high-quality raw materials for soy-based chemical production. The ongoing agricultural advancements, combined with an expanding soy industry, provide a solid foundation for the continued growth of the soy-based chemicals market in China.

Market Trends

Expansion in Bio-Based Plastics and Polyurethane Applications

China’s soy-based chemicals market is witnessing significant growth in the production of bio-based plastics and polyurethane products. Soy-derived polyols are increasingly utilized in manufacturing polyurethane foams, which are essential in automotive seating, insulation materials, and packaging. For instance, a leading company in China has expanded its use of soy-based polyols in the automotive sector, contributing to the production of 15,000 metric tons of soy-based polyurethane foam annually. This shift towards renewable raw materials aligns with China’s commitment to reducing carbon emissions and promoting sustainable manufacturing practices. The adoption of soy-based polyols is driven by their superior performance characteristics, cost-effectiveness, and biodegradability, making them a preferred choice over traditional petrochemical-based alternatives. Companies such as BASF and Dow Chemical have been increasing their investment in soy-based chemicals, with BASF leveraging soy-based polyurethane to meet growing demand in eco-friendly construction materials.

Growth in Soy-Based Biodiesel Production

The demand for soy-based biodiesel in China is experiencing a notable increase, driven by stringent environmental regulations and the push for renewable energy sources. Soybean oil serves as a primary feedstock for biodiesel production, offering a cleaner alternative to fossil fuels and contributing to reduced greenhouse gas emissions. For instance, one of China’s largest biodiesel producers reported an output of 500,000 tons of soy-based biodiesel in 2022, serving as a major contributor to the country’s renewable energy initiatives. This trend is further supported by government incentives and subsidies aimed at promoting the use of biofuels, positioning soy-based biodiesel as a key component in China’s strategy to achieve energy security and environmental sustainability. The Chinese government has also launched several initiatives, including the “Renewable Energy Law,” which provides tax incentives and funding for the expansion of biodiesel production using soybeans.

Technological Advancements in Soy-Based Chemical Production

Advancements in biotechnology and chemical engineering are enhancing the efficiency and scalability of soy-based chemical production in China. Innovations in extraction and processing techniques have led to improved yields and reduced production costs, making soy-based chemicals more competitive in the market. These technological developments are facilitating the commercialization of a broader range of soy-derived products, including surfactants, emulsifiers, and lubricants, thereby expanding the application scope of soy-based chemicals across various industries.

Increased Investment in Research and Development

There is a growing emphasis on research and development within China’s soy-based chemicals sector, with both public and private entities investing in innovation to enhance product performance and discover new applications. Collaborations between academic institutions, research organizations, and industry players are fostering the development of advanced soy-based materials and chemicals. These R&D efforts are not only driving product differentiation but also positioning China as a leader in the global bio-based chemicals market, catering to the increasing demand for sustainable and eco-friendly solutions.

Market Challenges

Dependence on Soybean Supply and Agricultural Variability

The Chinese soy-based chemicals market is heavily dependent on soybean supply, which faces significant variability due to agricultural and geopolitical factors. China’s soybean production has remained stable but insufficient to meet domestic demand, leading to reliance on imports and large state-controlled reserves. For instance, Sinograin, a major state grain reserve corporation, has accumulated vast soybean stockpiles to mitigate supply disruptions and price volatility, allowing China to maintain supply stability even during global crises such as the COVID-19 pandemic and trade tensions with the U.S. Domestic efforts to increase soybean self-sufficiency include intercropping soybeans with corn to maximize land use and boost yields, aligning with national agricultural plans aimed at reducing import dependency. However, the supply chain remains vulnerable to weather events affecting major exporters like Brazil and the U.S., as well as to international trade dynamics including tariffs and trade disputes. Chinese crushers and traders are cautious, adjusting procurement strategies based on global production forecasts and geopolitical developments, while domestic crushing rates remain below full capacity due to market uncertainties. Despite these challenges, China’s diversified import sources and strategic reserves provide a buffer against supply shocks, supporting the soy-based chemical industry’s ability to meet demand in a fluctuating global environment.

High Production Costs and Technological Barriers

While soy-based chemicals offer sustainable alternatives to petroleum-based chemicals, their production is still relatively more expensive. The cost of extracting and refining soy-based products, such as soy polyols and bio-based surfactants, often exceeds that of traditional petrochemical-based alternatives. Additionally, while technological advancements have improved the efficiency of production, there remain significant barriers to achieving cost parity. The capital investment required to build and maintain specialized infrastructure for soy-based chemical production, combined with ongoing R&D expenses, places a financial burden on companies. This challenge is particularly pronounced for smaller producers who may not have the resources to scale up their operations effectively. Despite the environmental and performance benefits of soy-based chemicals, the higher production costs limit their widespread adoption across industries where cost-efficiency is a critical factor. Consequently, achieving economies of scale remains a challenge for the soy-based chemicals market in China, limiting its growth potential unless production efficiencies continue to improve significantly.

Market Opportunities

Expanding Demand for Sustainable Consumer Products

The growing shift toward sustainability among both consumers and businesses presents a significant market opportunity for soy-based chemicals in China. As consumers become more environmentally conscious, there is an increasing demand for eco-friendly alternatives to traditional petrochemical-based products. This trend spans various industries, including packaging, personal care, and automotive, where soy-based chemicals are being adopted for their biodegradability, low toxicity, and renewable nature. Companies can capitalize on this shift by developing soy-derived solutions that meet consumer preferences for sustainable, non-toxic, and biodegradable products. Furthermore, as regulations regarding environmental sustainability become stricter, businesses in China will increasingly need to adopt green alternatives to comply with government mandates. This creates a fertile ground for the growth of the soy-based chemicals market, particularly in consumer-facing industries that prioritize sustainability in their product offerings.

Government Support for Green Innovation and Biofuel Development

The Chinese government has been actively promoting the development and adoption of renewable energy sources, including biofuels such as soy-based biodiesel. With policies aimed at reducing carbon emissions and supporting cleaner energy alternatives, there is significant potential for soy-based chemicals, particularly in the biofuel sector. Government incentives, subsidies, and favorable regulations are expected to drive investments in bio-based chemical production, positioning soy-based products as a key component of China’s green energy strategy. Moreover, as China continues to focus on energy security and sustainability, opportunities to integrate soy-based chemicals into various industrial applications—from agriculture to automotive—will expand, providing long-term growth prospects for companies in the sector.

Market Segmentation Analysis

By Type:

Soy oil is one of the most widely used products in the soy-based chemicals market. It serves as a primary feedstock for various industrial applications, including biodiesel production, coatings, and lubricants. It is also used in food and personal care products due to its natural properties. Soy oil’s versatility, cost-effectiveness, and biodegradability position it as a leading segment in the market. Soy wax is primarily used in the production of candles, cosmetics, and personal care products. It is considered a more environmentally friendly alternative to petroleum-based waxes. The growing demand for eco-friendly products, coupled with increasing consumer awareness of sustainable practices, is boosting the market for soy wax. Soy-based polymers are gaining traction as a sustainable alternative to petroleum-based plastics. These polymers are used in the production of biodegradable packaging, agricultural films, and coatings. With increasing concerns about plastic waste, soy-based polymers present a significant opportunity for companies to contribute to sustainable packaging solutions. Soy fatty acids are widely used in the production of soaps, detergents, lubricants, and surfactants. Their renewable and biodegradable properties make them an attractive alternative to traditional petroleum-based chemicals, especially in industries focusing on eco-friendly and sustainable products. Soy methyl esters, primarily used in biodiesel production, are a key segment in the renewable energy sector. As the demand for cleaner energy sources continues to grow, soy methyl esters are becoming increasingly important for reducing greenhouse gas emissions and supporting sustainable energy solutions.

By Application:

Industrial: Soy-based chemicals are extensively used in various industrial applications, including coatings, lubricants, and paints. Their low toxicity, biodegradability, and renewable nature make them an attractive choice for industries seeking sustainable alternatives to conventional chemicals. The demand for soy-based chemicals in the cosmetics and personal care industry is growing, driven by the increasing preference for natural and eco-friendly ingredients. Soy-based oils, waxes, and fatty acids are used in products such as lotions, shampoos, and lip balms. Soy-derived ingredients are widely used in the food and beverage industry as emulsifiers, preservatives, and functional ingredients. The growing demand for plant-based and vegan products is contributing to the increased use of soy-based chemicals in this sector. Soy-based chemicals are used in pharmaceutical applications, particularly in the production of excipients, drug delivery systems, and as a base for certain formulations. Their natural and safe properties make them ideal for use in pharmaceutical products

Segments

Based on Type

Soy Oil
Soy Wax
Soy-Based Polymers
Soy Fatty Acids
Soy Methyl Esters

Based on Application

Industrial
Cosmetics & Personal Care
Food & Beverages
Pharmaceuticals
Agriculture

Based on End Use Industry

Automotive
Construction
Packaging
Healthcare
Others

Based on Region

Eastern China
Southern China
Northern China
Western China

Regional Analysis

Eastern China (40-45%)

Eastern China, including regions such as Shanghai, Jiangsu, and Zhejiang, holds the largest market share within the soy-based chemicals market, contributing approximately 40-45% of the total market share. This region benefits from a highly developed industrial infrastructure, advanced manufacturing capabilities, and proximity to key transportation hubs and ports. Eastern China is home to a significant portion of the nation’s chemical production facilities, making it a hub for the production of soy-based chemicals, especially in sectors like packaging, automotive, and industrial applications. The growing demand for sustainable alternatives in these industries, coupled with the region’s strong economic base, has positioned Eastern China as the leading market for soy-based chemicals.

Southern China (25-30%)

Southern China, encompassing provinces such as Guangdong, Guangxi, and Hainan, accounts for about 25-30% of the market share. This region is known for its large-scale manufacturing capabilities and a robust demand for soy-based chemicals in various industries, including cosmetics, personal care, and food and beverages. The Southern region’s thriving consumer goods sector has led to an increased adoption of soy-based ingredients, particularly in personal care products like shampoos, lotions, and soaps, where demand for natural and sustainable products is on the rise. The area’s strong economic growth and urbanization contribute to the steady demand for eco-friendly chemicals, with the food and beverage sector driving further growth.

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Key players

Wilmar International Limited
IOI Corporation Berhad
Godrej Agrovet Ltd.
PT SMART Tbk
KLK OLEO
Shandong Yuwang Industrial Co., Ltd.
Nihon Emulsion Co., Ltd.
Fuji Oil Holdings Inc.
Sime Darby Oils
Toyo Kagaku Co., Ltd.

Competitive Analysis

The China soy-based chemicals market is characterized by the presence of several well-established global and regional players, each contributing to the growth of the industry through innovation, product diversification, and strategic initiatives. Wilmar International Limited and IOI Corporation Berhad are dominant players, with extensive product portfolios that span across bio-based chemicals and food products, giving them a competitive edge in multiple sectors. Godrej Agrovet Ltd. and PT SMART Tbk are focusing on expanding their footprint in the soy-based biodiesel and food industries, capitalizing on the rising demand for eco-friendly and renewable materials. KLK OLEO, Shandong Yuwang, and Nihon Emulsion excel in producing high-quality soy-derived chemicals for various industrial applications, including surfactants and polymers. Players like Fuji Oil Holdings Inc., Sime Darby Oils, and Toyo Kagaku Co., Ltd. bring strong R&D capabilities and advanced manufacturing processes to the table, enabling them to cater to the growing demand for sustainable products across industries

Recent Developments

On October 7, 2024, Evonik and BASF agreed on the first delivery of biomass-balanced ammonia, achieving a product carbon footprint reduction of over 65%. This collaboration supports Evonik’s sustainable product lines like VESTAMIN IPD eCO and VESTAMID eCO.

On February 26, 2025, Arkema announced a 15% expansion of its polyvinylidene fluoride (PVDF) production capacity at its Calvert City, Kentucky plant. This $20 million investment aims to meet the growing demand for high-performance resins in electric vehicles and energy storage systems.

On February 25, 2025, AkzoNobel offered to acquire powder coatings assets and the International Research Center from its subsidiary in India. This move is part of the company’s strategy to focus more on liquid paints and coatings in the Indian market.

In February 2025, Perstorp Holding AB began ester production at its Amsterdam plant, marking a significant step in expanding its product offerings in the sustainable chemicals sector.

Market Concentration and Characteristics

The China Soy-Based Chemicals Market is moderately concentrated, with a mix of global and regional players dominating the market. Key players such as Wilmar International Limited, IOI Corporation Berhad, and KLK OLEO hold significant market share due to their strong manufacturing capabilities, expansive product portfolios, and well-established distribution networks. However, regional players like Shandong Yuwang Industrial Co., Ltd. and PT SMART Tbk are also gaining traction by focusing on local supply chains and the growing demand for sustainable products. The market is characterized by intense competition, innovation in product development, and strategic partnerships aimed at expanding market presence. Companies are increasingly investing in R&D to improve the quality and efficiency of soy-based chemicals, with a focus on applications across various industries such as food, cosmetics, automotive, and packaging. This dynamic market environment is driving continued growth and attracting new entrants focused on eco-friendly and renewable solutions.

Report Coverage

The research report offers an in-depth analysis based on Type, Application, End Use Industry and Region. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outloo

The increasing consumer preference for eco-friendly products will continue to drive the demand for soy-based chemicals. This trend will fuel market expansion across multiple industries, including packaging and personal care.

As environmental regulations tighten, the market for soy-based polymers and bio-based plastics will grow, providing an alternative to petroleum-based plastics. This shift is driven by both regulatory pressure and consumer awareness.

China’s government will continue to promote sustainable practices through subsidies, tax incentives, and R&D funding. This support will accelerate the development and adoption of soy-based chemicals.

Ongoing innovations in extraction and refining technologies will improve the efficiency and scalability of soy-based chemical production. These advancements will make soy-based products more cost-competitive with traditional alternatives.

The growing emphasis on renewable energy sources will increase the demand for soy-based biodiesel in China. This demand will align with the country’s long-term sustainability goals, driving market growth in the biofuels sector.

Soy-based chemicals, particularly oils and waxes, will see rising usage in cosmetics and personal care products. The trend towards natural and plant-based ingredients will further strengthen this segment’s market position.

The Chinese soy-based chemicals market will increasingly look to use agricultural waste as a resource for chemical production. This shift will help reduce reliance on virginsoybeans and improve the sustainability of the supply chain.

Soy-based chemicals will experience higher demand in food and beverage applications, driven by their natural, non-toxic, and biodegradable properties. This will cater to the expanding plant-based food market in China.

As industrialization spreads across inland China, demand for soy-based chemicals will grow in regions such as Western and Northern China. These regions will see increased production and consumption of eco-friendly chemicals.

Future market growth will be supported by increased collaborations between leading companies and startups. These partnerships will focus on innovation, supply chain optimization, and meeting the growing demand for sustainable solutions.

CHAPTER NO. 1 : INTRODUCTION 19

1.1.1. Report Description 19

Purpose of the Report 19

USP & Key Offerings 19

1.1.2. Key Benefits for Stakeholders 19

1.1.3. Target Audience 20

1.1.4. Report Scope 20

CHAPTER NO. 2 : EXECUTIVE SUMMARY 21

2.1. Soy-Based Chemicals Market Snapshot 21

2.1.1. China Soy-Based Chemicals Market, 2018 – 2032 (USD Million) 22

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 23

3.1. Russia-Ukraine and Israel-Palestine War Impacts 23

CHAPTER NO. 4 : SOY-BASED CHEMICALS MARKET – INDUSTRY ANALYSIS 24

4.1. Introduction 24

4.2. Market Drivers 25

4.2.1. Increasing demand for sustainable and biodegradable chemicals 25

4.2.2. Rising adoption of soy-based chemicals in industrial and personal care applications 26

4.3. Market Restraints 27

4.3.1. High production costs compared to petrochemical alternatives 27

4.4. Market Opportunities 28

4.4.1. Growing investments in R&D for advanced soy-based chemical formulations 28

4.5. Porter’s Five Forces Analysis 29

4.6. Buying Criteria 30

CHAPTER NO. 5 : IMPORT EXPORT ANALYSIS 31

5.1. Import Analysis by China 31

5.1.1. China Soy-Based Chemicals Market Import Volume/Revenue, By China, 2018 – 2023 31

5.2. Export Analysis by China 32

5.2.1. China Soy-Based Chemicals Market Export Volume/Revenue, By China, 2018 – 2023 32

CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 33

6.1. Demand Analysis by China 33

6.1.1. China Soy-Based Chemicals Market Demand Volume/Revenue, By China, 2018 – 2023 33

6.2. Supply Analysis by China 34

6.2.1. China Soy-Based Chemicals Market Supply Volume/Revenue, By China, 2018 – 2023 34

CHAPTER NO. 7 : PRODUCTION ANALYSIS 35

7.1. Production Analysis by China 35

7.1.1. China Soy-Based Chemicals Market Production Volume/Revenue, By China, 2018 – 2023 35

CHAPTER NO. 8 : PRICE ANALYSIS 36

8.1. Price Analysis by Type 36

8.1.1. China Soy-Based Chemicals Market Price, By Type, 2018 – 2023 36

8.1.2. China Type Market Price, By Type, 2018 – 2023 36

CHAPTER NO. 9 : RAW MATERIALS ANALYSIS 37

9.1. Key Raw Materials and Suppliers 37

9.2. Key Raw Materials Price Trend 37

CHAPTER NO. 10 : MANUFACTURING COST ANALYSIS 38

10.1. Manufacturing Cost Analysis 38

10.2. Manufacturing Process 38

CHAPTER NO. 11 : ANALYSIS COMPETITIVE LANDSCAPE 39

11.1. Company Market Share Analysis – 2023 39

11.2. Value Chain Analysis 39

11.2.1. China Soy-Based Chemicals Market: Company Market Share, by Volume, 2023 40

11.2.2. China Soy-Based Chemicals Market: Company Market Share, by Revenue, 2023 41

11.2.3. China Soy-Based Chemicals Market: Top 6 Company Market Share, by Revenue, 2023 41

11.2.4. China Soy-Based Chemicals Market: Top 3 Company Market Share, by Revenue, 2023 42

11.3. China Soy-Based Chemicals Market Company Volume Market Share, 2023 43

11.4. China Soy-Based Chemicals Market Company Revenue Market Share, 2023 44

11.5. Company Assessment Metrics, 2023 44

11.5.1. Stars 44

11.5.2. Emerging Leaders 44

11.5.3. Pervasive Players 44

11.5.4. Participants 44

11.6. Start-ups /SMEs Assessment Metrics, 2023 44

11.6.1. Progressive Companies 44

11.6.2. Responsive Companies 45

11.6.3. Dynamic Companies 45

11.6.4. Starting Blocks 45

11.7. Strategic Developments 46

11.7.1. Acquisitions & Mergers 46

New Product Launch 46

China Expansion 46

11.8. Key Players Product Matrix 47

CHAPTER NO. 12 : PESTEL & ADJACENT MARKET ANALYSIS 48

12.1. PESTEL 48

12.1.1. Political Factors 48

12.1.2. Economic Factors 48

12.1.3. Social Factors 48

12.1.4. Technological Factors 48

12.1.5. Environmental Factors 48

12.1.6. Legal Factors 48

12.2. Adjacent Market Analysis 48

CHAPTER NO. 13 : SOY-BASED CHEMICALS MARKET – BY TYPE SEGMENT ANALYSIS 49

13.1. Soy-Based Chemicals Market Overview, by Type Segment 49

13.1.1. Soy-Based Chemicals Market Revenue Share, By Type, 2023 & 2032 50

13.1.2. Soy-Based Chemicals Market Attractiveness Analysis, By Type 51

13.1.3. Incremental Revenue Growth Opportunity, by Type, 2024 – 2032 51

13.1.4. Soy-Based Chemicals Market Revenue, By Type, 2018, 2023, 2027 & 2032 52

13.2. Soy Oil 53

13.3. Soy Wax 54

13.4. Soy-Based Polymers 55

13.5. Soy Fatty Acids 56

13.6. Soy Methyl Esters 57

CHAPTER NO. 14 : SOY-BASED CHEMICALS MARKET – BY APPLICATION SEGMENT ANALYSIS 58

14.1. Soy-Based Chemicals Market Overview, by Application Segment 58

14.1.1. Soy-Based Chemicals Market Revenue Share, By Application, 2023 & 2032 59

14.1.2. Soy-Based Chemicals Market Attractiveness Analysis, By Application 60

14.1.3. Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 60

14.1.4. Soy-Based Chemicals Market Revenue, By Application, 2018, 2023, 2027 & 2032 61

14.2. Industrial 62

14.3. Cosmetics & Personal Care 63

14.4. Food & Beverages 64

14.5. Pharmaceuticals 65

14.6. Agriculture 66

CHAPTER NO. 15 : SOY-BASED CHEMICALS MARKET – BY END-USE INDUSTRY SEGMENT ANALYSIS 67

15.1. Soy-Based Chemicals Market Overview, by End-Use Industry Segment 67

15.1.1. Soy-Based Chemicals Market Revenue Share, By End-Use Industry, 2023 & 2032 68

15.1.2. Soy-Based Chemicals Market Attractiveness Analysis, By End-Use Industry 69

15.1.3. Incremental Revenue Growth Opportunity, by End-Use Industry, 2024 – 2032 69

15.1.4. Soy-Based Chemicals Market Revenue, By End-Use Industry, 2018, 2023, 2027 & 2032 70

15.2. Automotive 71

15.3. Construction 72

15.4. Packaging 73

15.5. Healthcare 74

15.6. Others 75

CHAPTER NO. 16 : SOY-BASED CHEMICALS MARKET – CHINA ANALYSIS 76

16.1. Type 76

16.1.1. China Soy-Based Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 76

16.2. China Soy-Based Chemicals Market Revenue, By Type, 2024 – 2032 (USD Million) 76

16.3. Application 77

16.3.1. China Soy-Based Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 77

16.3.2. China Soy-Based Chemicals Market Revenue, By Application, 2024 – 2032 (USD Million) 77

16.4. End-Use Industry 78

16.4.1. China Soy-Based Chemicals Market Revenue, By End-Use Industry, 2018 – 2023 (USD Million) 78

16.4.2. China Soy-Based Chemicals Market Revenue, By End-Use Industry, 2024 – 2032 (USD Million) 78

CHAPTER NO. 17 : COMPANY PROFILES 79

17.1. Wilmar International Limited 79

17.1.1. Company Overview 79

17.1.2. Product Portfolio 79

17.1.3. Swot Analysis 79

17.1.4. Business Strategy 80

17.1.5. Financial Overview 80

17.2. IOI Corporation Berhad 81

17.3. Godrej Agrovet Ltd. 81

17.4. PT SMART Tbk 81

17.5. KLK OLEO 81

17.6. Shandong Yuwang Industrial Co., Ltd. 81

17.7. Nihon Emulsion Co., Ltd. 81

17.8. Fuji Oil Holdings Inc. 81

17.9. Sime Darby Oils 81

17.10. Toyo Kagaku Co., Ltd. 81

List of Figures

FIG NO. 1. China Soy-Based Chemicals Market Revenue, 2018 – 2032 (USD Million) 22

FIG NO. 2. Porter’s Five Forces Analysis for China Soy-Based Chemicals Market 29

FIG NO. 3. China Soy-Based Chemicals Market Import Volume/Revenue, By China, 2018 – 2023 31

FIG NO. 4. China Soy-Based Chemicals Market Export Volume/Revenue, By China, 2018 – 2023 32

FIG NO. 5. China Soy-Based Chemicals Market Demand Volume/Revenue, By China, 2018 – 2023 33

FIG NO. 6. China Soy-Based Chemicals Market Supply Volume/Revenue, By China, 2018 – 2023 34

FIG NO. 7. China Soy-Based Chemicals Market Production Volume/Revenue, By China, 2018 – 2023 35

FIG NO. 8. China Soy-Based Chemicals Market Price, By Type, 2018 – 2023 36

FIG NO. 9. Raw Materials Price Trend Analysis, 2018 – 2023 37

FIG NO. 10. Manufacturing Cost Analysis 38

FIG NO. 11. Manufacturing Process 38

FIG NO. 12. Value Chain Analysis for China Soy-Based Chemicals Market 39

FIG NO. 13. Company Share Analysis, 2023 40

FIG NO. 14. Company Share Analysis, 2023 41

FIG NO. 15. Company Share Analysis, 2023 41

FIG NO. 16. Company Share Analysis, 2023 42

FIG NO. 17. Soy-Based Chemicals Market – Company Volume Market Share, 2023 43

FIG NO. 18. Soy-Based Chemicals Market – Company Revenue Market Share, 2023 44

FIG NO. 19. Soy-Based Chemicals Market Revenue Share, By Type, 2023 & 2032 50

FIG NO. 20. Market Attractiveness Analysis, By Type 51

FIG NO. 21. Incremental Revenue Growth Opportunity by Type, 2024 – 2032 51

FIG NO. 22. Soy-Based Chemicals Market Revenue, By Type, 2018, 2023, 2027 & 2032 52

FIG NO. 23. China Soy-Based Chemicals Market for Soy Oil, Revenue (USD Million) 2018 – 2032 53

FIG NO. 24. China Soy-Based Chemicals Market for Soy Wax, Revenue (USD Million) 2018 – 2032 54

FIG NO. 25. China Soy-Based Chemicals Market for Soy-Based Polymers, Revenue (USD Million) 2018 – 2032 55

FIG NO. 26. China Soy-Based Chemicals Market for Soy Fatty Acids, Revenue (USD Million) 2018 – 2032 56

FIG NO. 27. China Soy-Based Chemicals Market for Soy Methyl Esters, Revenue (USD Million) 2018 – 2032 57

FIG NO. 28. Soy-Based Chemicals Market Revenue Share, By Application, 2023 & 2032 59

FIG NO. 29. Market Attractiveness Analysis, By Application 60

FIG NO. 30. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 60

FIG NO. 31. Soy-Based Chemicals Market Revenue, By Application, 2018, 2023, 2027 & 2032 61

FIG NO. 32. China Soy-Based Chemicals Market for Industrial, Revenue (USD Million) 2018 – 2032 62

FIG NO. 33. China Soy-Based Chemicals Market for Cosmetics & Personal Care, Revenue (USD Million) 2018 – 2032 63

FIG NO. 34. China Soy-Based Chemicals Market for Food & Beverages, Revenue (USD Million) 2018 – 2032 64

FIG NO. 35. China Soy-Based Chemicals Market for Pharmaceuticals, Revenue (USD Million) 2018 – 2032 65

FIG NO. 36. China Soy-Based Chemicals Market for Agriculture, Revenue (USD Million) 2018 – 2032 66

FIG NO. 37. Soy-Based Chemicals Market Revenue Share, By End-Use Industry, 2023 & 2032 68

FIG NO. 38. Market Attractiveness Analysis, By End-Use Industry 69

FIG NO. 39. Incremental Revenue Growth Opportunity by End-Use Industry, 2024 – 2032 69

FIG NO. 40. Soy-Based Chemicals Market Revenue, By End-Use Industry, 2018, 2023, 2027 & 2032 70

FIG NO. 41. China Soy-Based Chemicals Market for Automotive, Revenue (USD Million) 2018 – 2032 71

FIG NO. 42. China Soy-Based Chemicals Market for Construction, Revenue (USD Million) 2018 – 2032 72

FIG NO. 43. China Soy-Based Chemicals Market for Packaging, Revenue (USD Million) 2018 – 2032 73

FIG NO. 44. China Soy-Based Chemicals Market for Healthcare, Revenue (USD Million) 2018 – 2032 74

FIG NO. 45. China Soy-Based Chemicals Market for Others, Revenue (USD Million) 2018 – 2032 75

List of Tables

TABLE NO. 1. : China Soy-Based Chemicals Market: Snapshot 21

TABLE NO. 2. : Drivers for the Soy-Based Chemicals Market: Impact Analysis 25

TABLE NO. 3. : Restraints for the Soy-Based Chemicals Market: Impact Analysis 27

TABLE NO. 4. : China Soy-Based Chemicals Market Revenue, By Type, 2018 – 2023 36

TABLE NO. 5. : Key Raw Materials & Suppliers 37

TABLE NO. 6. : China Soy-Based Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 76

TABLE NO. 7. : China Soy-Based Chemicals Market Revenue, By Type, 2024 – 2032 (USD Million) 76

TABLE NO. 8. : China Soy-Based Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 77

TABLE NO. 9. : China Soy-Based Chemicals Market Revenue, By Application, 2024 – 2032 (USD Million) 77

TABLE NO. 10. : China Soy-Based Chemicals Market Revenue, By End-Use Industry, 2018 – 2023 (USD Million) 78

TABLE NO. 11. : China Soy-Based Chemicals Market Revenue, By End-Use Industry, 2024 – 2032 (USD Million) 78

Frequently Asked Questions

What is the market size of the China Soy-Based Chemicals Market in 2023 and 2032, and what is its CAGR?

The market size of the China Soy-Based Chemicals Market in 2023 is valued at USD 3,589.91 million and is projected to reach USD 7,462.33 million by 2032, with a compound annual growth rate (CAGR) of 9.58% from 2025 to 2032.

What are the key drivers of the China Soy-Based Chemicals Market?

regulations, and the rising demand for sustainable and renewable resources in various industries, including biodiesel, bioplastics, and personal care products.

Which companies are leading the China Soy-Based Chemicals Market?

Major players such as Cargill, Archer Daniels Midland Company (ADM), Bunge Limited, and Elevance Renewable Sciences are leading the market, investing heavily in research and development to expand the application of soy-based chemicals.

What are the geographical trends in the China Soy-Based Chemicals Market?

China dominates the Asia-Pacific region, benefiting from its large-scale soybean cultivation and strong industrial infrastructure. This enables China to be a major producer and consumer of soy-based chemicals in the region.

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