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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
Soy-Based Chemicals Market Size 2024	USD 28,996.80 million
Soy-Based Chemicals Market, CAGR	7.59%
Soy-Based Chemicals Market Size 2032	USD 52,069.72 million

Market Overview

The global soy-based chemicals market is projected to grow from USD 28,996.80 million in 2024 to an estimated USD 52,069.72 million by 2032, with a compound annual growth rate (CAGR) of 7.59% from 2025 to 2032. This growth is driven by the increasing demand for sustainable and renewable alternatives to petroleum-based chemicals, as well as advancements in soy processing technologies.

Key drivers of this market include the rising demand for eco-friendly products, government incentives for bio-based materials, and technological advancements in soy processing. These factors are contributing to the widespread adoption of soy-based chemicals across various industries.

Geographically, North America holds a significant share of the soy-based chemicals market, attributed to its established soybean cultivation and processing infrastructure. The Asia-Pacific region is experiencing rapid growth, driven by industrial expansion and increasing awareness of sustainable practices. Major players in the market include Dow, Cargill, Archer Daniels Midland Company (ADM), Bunge Limited, and Elevance Renewable Sciences.

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Market Insights

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, driven by a CAGR of 7.59% from 2025 to 2032.
Increasing demand for eco-friendly and sustainable alternatives to petroleum-based chemicals is a key driver, with industries seeking renewable, biodegradable options.
Advancements in soy processing technologies are enhancing production efficiency, driving the growth of soy-based chemicals across diverse industries.
Government incentives and favorable policies promoting bio-based materials contribute to the market’s expansion, supporting the transition to more sustainable chemical solutions.
Price volatility of soybeans and supply chain complexities can impact the cost-effectiveness of soy-based chemicals, posing a challenge for manufacturers.
North America holds a significant share of the market, thanks to its established soybean cultivation infrastructure, while Asia-Pacific is seeing rapid market growth driven by industrial expansion.
Major players like Dow, Cargill, ADM, Bunge, and Elevance Renewable Sciences lead the market, with increasing competition focused on innovation and meeting sustainability demands.

Market Drivers

Growing Demand for Sustainable and Renewable Alternatives

The increasing global emphasis on sustainability is a primary driver for the soy-based chemicals market. Consumers and industries are progressively seeking eco-friendly alternatives to traditional petroleum-based chemicals. Soy-based chemicals, derived from renewable and biodegradable soybeans, offer a sustainable solution that aligns with environmental goals. This shift is propelled by heightened awareness of environmental issues and the desire to reduce carbon footprints. As a result, soy-based chemicals are gaining traction across various sectors, including biodiesel, plastics, and personal care products, contributing to their growing market presence.

Technological Advancements Enhancing Production Efficiency

Advancements in biotechnology and chemical engineering have significantly improved the production processes of soy-based chemicals. Innovations in enzymatic and microbial conversion techniques have enhanced yield and purity, making soy chemicals more competitive with traditional petrochemicals. For instance, companies like Solvay have developed bio-based epichlorohydrin using advanced fermentation technologies, which improve efficiency and reduce environmental impact. These technological improvements not only increase production efficiency but also reduce costs, making soy-based chemicals a more attractive option for manufacturers. The continuous development in processing technologies is expected to further bolster the market growth of soy-based chemicals.

Supportive Government Policies and Regulations

Governments worldwide are implementing policies and providing incentives to promote the use of bio-based chemicals, thereby reducing reliance on fossil fuels and mitigating environmental pollution. For instance, the European Union’s bioeconomy strategy has incentivized the adoption of bio-based alternatives, encouraging industries to transition towards sustainable practices. Such supportive measures are accelerating the growth of the soy-based chemicals market by creating a favorable environment for bio-based products.

Expanding Applications Across Diverse Industries

The versatility of soy-based chemicals is driving their adoption across a wide range of industries. From biodiesel and bioplastics to personal care products and paints, soy chemicals are increasingly replacing traditional petrochemical derivatives. This broad applicability is fueled by their renewable nature, biodegradability, and performance characteristics. As industries seek sustainable alternatives to meet consumer demand and regulatory requirements, the utilization of soy-based chemicals is expected to continue expanding, further propelling market growth.

Market Trends

Expansion of Applications in Bioplastics and Packaging

The soy-based chemicals market is increasingly focusing on the development of bioplastics and sustainable packaging solutions. Soy-derived polyols, such as soy-based polyols, are gaining traction in the production of biodegradable plastics, offering an eco-friendly alternative to conventional petroleum-based plastics. This shift is driven by growing environmental concerns and the need to reduce plastic waste. Companies are investing in research and development to enhance the performance and cost-effectiveness of soy-based bioplastics, aiming to meet the rising demand for sustainable packaging materials across various industries.

Regionalization of Production and Supply Chains

There is a noticeable trend towards regionalization in the production and supply chains of soy-based chemicals. This shift is driven by the need to reduce transportation costs, mitigate supply chain disruptions, and comply with local sustainability regulations. Companies are establishing production facilities closer to key markets and sourcing raw materials locally to enhance supply chain resilience. This approach not only supports local economies but also aligns with the increasing consumer demand for locally produced and sustainable product

Advancements in Soy-Based Surfactants and Personal Care Products

Innovations in soy-based surfactants are transforming the personal care and cosmetics industries. These bio-based surfactants, derived from soybeans, are being incorporated into shampoos, soaps, and lotions as sustainable alternatives to traditional petrochemical-based ingredients. For instance, Evonik has developed soy-based surfactants that enhance the sensory attributes of shampoos and lotions, meeting consumer demand for eco-friendly products. Research efforts are focused on improving the efficacy and sustainability of these surfactants, thereby expanding their application in high-performance personal care formulations.

Integration of Circular Economy Practices

The soy-based chemicals market is embracing circular economy principles by focusing on the reuse and recycling of soy-derived materials. This includes the development of soy-based adhesives and sealants that are biodegradable and can be recycled at the end of their life cycle. For instance, BASF has introduced soy-based adhesives designed for easy recycling, contributing to reduced environmental impact and promoting sustainability. The adoption of circular economy practices is becoming a key differentiator for companies aiming to align with global sustainability goals and meet regulatory requirements.

Market Challenges

Price Volatility and Supply Chain Complexity

A significant challenge in the global soy-based chemicals market is the inherent price volatility of soybeans, which can significantly impact production costs. Factors such as adverse weather conditions, fluctuating global demand, and geopolitical tensions contribute to unpredictable soybean prices. For instance, soybean prices experienced a 30% increase in 2024 due to drought conditions in major producing regions like Brazil and Argentina. This volatility affects the cost-effectiveness of producing soy-based chemicals, making it challenging for manufacturers to maintain stable pricing and profitability. Additionally, the complexity of the soy supply chain, involving multiple stages from cultivation to processing, further complicates cost management and forecasting. For instance, the United States Department of Agriculture (USDA) reported inefficiencies in soybean logistics, with transportation delays causing a 15% increase in operational costs for processors. Addressing these issues requires enhanced supply chain mapping, improved forecasting models, and strategic sourcing practices to mitigate the impact of price fluctuations and supply chain complexities.

Regulatory Compliance and Environmental Concerns

The soy-based chemicals industry faces increasing pressure to comply with stringent environmental regulations and sustainability standards. For instance, the European Union’s Deforestation-Free Regulation (EUDR) mandates that imported soy must be traceable to ensure it is not linked to deforestation. This regulation imposes significant compliance costs and operational challenges for companies sourcing soy from regions where deforestation risks are high. Furthermore, the environmental impact of soy cultivation, including land-use changes and biodiversity concerns, necessitates responsible sourcing practices. Companies must invest in sustainable sourcing strategies, adopt traceability technologies, and collaborate with stakeholders to ensure compliance and mitigate environmental risks. Failure to adhere to these regulations can result in market access restrictions and damage to brand reputation.

Market Opportunities

Expansion into High-Performance Bioplastics and Polymers

The global soy-based chemicals market presents significant opportunities in the development of high-performance bioplastics and polymers. Soy-derived polyols, such as those used in polyurethane foams, are gaining traction in automotive applications, including seat cushions, insulation, and upholstery. These soy-based alternatives offer advantages like reduced weight, cost-effectiveness, and enhanced sustainability compared to traditional synthetic materials. As industries increasingly prioritize eco-friendly solutions, the demand for soy-based bioplastics is expected to grow, positioning them as viable substitutes for petroleum-based plastics in various applications.

Integration into Circular Economy and Waste Valorization

Another promising avenue lies in the integration of soy-based chemicals within circular economy frameworks. By utilizing soy-based waste streams, such as soybean hulls and press cakes, manufacturers can produce value-added chemicals, thereby minimizing waste and enhancing sustainability. This approach not only reduces environmental impact but also offers cost-effective solutions by maximizing resource utilization. The adoption of circular economy principles is gaining momentum, and soy-based chemicals play a pivotal role in this transition, offering a renewable and biodegradable alternative to conventional petrochemicals.

Market Segmentation Analysis

By Type:

Soy oil is a significant segment due to its extensive use in biodiesel production and as a key ingredient in the formulation of chemicals such as surfactants, lubricants, and solvents. Its abundance and renewable nature make it a valuable resource for sustainable chemical production. Soy wax is used primarily in the candle-making industry, offering a more sustainable alternative to paraffin wax. Its popularity is driven by its natural, biodegradable properties and the increasing consumer preference for eco-friendly products. Soy-based polymers are increasingly used in the automotive and packaging industries, providing a renewable alternative to petroleum-based plastics. These polymers help reduce the carbon footprint of manufacturing processes and align with global sustainability trends. Soy fatty acids are used in the production of lubricants, soaps, and cosmetics. These chemicals are derived from soybean oil and offer environmental advantages, including biodegradability and non-toxic properties. Soy methyl esters are mainly used as biodiesel and as a solvent in various industrial applications. Their increasing use in energy production is a key driver of the segment’s growth.

By Application:

Soy-based chemicals play a crucial role in industrial applications, such as the manufacturing of lubricants, coatings, and surfactants. Their use in these industries is driven by the increasing demand for sustainable, bio-based alternatives to conventional chemicals. The growing consumer preference for natural and eco-friendly personal care products has fueled the demand for soy-based ingredients in soaps, lotions, and shampoos. Soy-derived surfactants and oils are particularly popular due to their skin-friendly properties. Soy-based chemicals are widely used in food processing, as emulsifiers, stabilizers, and flavor enhancers. Their role in the food industry is expanding due to the rising demand for plant-based and organic food products. Soy-based chemicals are used in pharmaceutical formulations as excipients, helping in drug delivery and stabilization. Their role in developing bio-based medicines and supplements continues to grow. In agriculture, soy-based chemicals are used in fertilizers, pesticides, and herbicides. They provide an environmentally friendly alternative to synthetic chemicals, contributing to more sustainable farming practices.

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

North America
S.
Canada
Mexico
Europe
Germany
France
K.
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
South-east Asia
Rest of Asia Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of the Middle East and Africa

Regional Analysis

North America (40%)

North America holds the largest share of the global soy-based chemicals market, accounting for approximately 40% of the market. The region’s dominance is primarily driven by the extensive availability of soybeans, particularly in the United States, which is one of the largest producers of soybeans globally. Additionally, North America’s robust industrial infrastructure and increasing focus on sustainability in manufacturing and production processes further propel the growth of the soy-based chemicals market. Industries such as automotive, packaging, and construction are adopting soy-based chemicals to meet stringent environmental regulations and consumer demands for eco-friendly products. The U.S. Environmental Protection Agency (EPA) and various state-level initiatives promote the use of renewable and biodegradable materials, contributing to the region’s market leadership.

Asia-Pacific (30%)

The Asia-Pacific region is experiencing rapid growth in the soy-based chemicals market, accounting for about 30% of the market share. This growth is largely driven by the expanding industrial base in countries like China, India, and Japan, where demand for bio-based chemicals is increasing across sectors such as food and beverages, cosmetics, and agriculture. The rise of the middle class, increased disposable incomes, and greater awareness of sustainable products are driving the adoption of soy-based chemicals. Additionally, government incentives promoting sustainable practices and bio-based alternatives further boost market growth. The region is also a significant consumer of soybeans, contributing to the availability of raw materials for chemical production.

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Key players

Cargill, Incorporated
Dow Inc.
BASF SE
BioBased Technologies LLC
VertecBio
Soy Technologies LLC
Solvay S.A.
Elevance Renewable Sciences, Inc.
Renewable Lubricants, Inc

Competitive Analysis

The global soy-based chemicals market is highly competitive, with major players focusing on sustainability, innovation, and technological advancements. Companies like Cargill and Dow Inc. lead the market due to their extensive research and development capabilities, vast distribution networks, and strong market presence across various industrial sectors. BASF SE and Solvay S.A. leverage their expertise in chemical production to enhance the performance of soy-based chemicals, catering to the growing demand for eco-friendly alternatives. Elevance Renewable Sciences differentiates itself through innovative bio-based solutions, particularly in the polymers sector. BioBased Technologies LLC and Soy Technologies LLC focus on specialized applications, offering tailored solutions for agricultural and industrial sectors. VertecBio™ and Renewable Lubricants, Inc. are niche players focusing on sustainable lubricants and bio-based additives, aligning with the increasing emphasis on green chemistry. As competition intensifies, these companies continue to innovate to capture market share in a rapidly evolving industry.

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 global soy-based chemicals market exhibits a moderate level of concentration, with key players such as Cargill, Dow Inc., and BASF SE holding significant market shares due to their established production capabilities, extensive research and development resources, and broad distribution networks. While a few large multinational corporations dominate the market, there is also a growing presence of specialized companies like BioBased Technologies LLC and Renewable Lubricants, Inc., which focus on niche applications. The market is characterized by strong competition driven by technological innovation, sustainability goals, and increasing consumer demand for eco-friendly products. As the demand for bio-based chemicals continues to rise, companies are increasingly investing in research to enhance the performance and cost-effectiveness of soy-based alternatives, creating a dynamic and rapidly evolving market environment.

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 Outlook

As environmental concerns grow, the demand for soy-based chemicals will increase, driven by their renewable and biodegradable nature. Companies are investing in

Ongoing advancements in biotechnology and chemical engineering will improve the efficiency and cost-effectiveness of soy-based chemicals. Innovations in production processes will drive market competitiveness.

Soy-based chemicals will see expanded applications in industries such as automotive, packaging, and agriculture. The versatility of soy chemicals will continue to fuel their adoption across diverse sectors.

The market for soy-based polymers and bioplastics will continue to grow as consumers and industries shift towards eco-friendly alternatives to petroleum-based plastics.

Governments worldwide will increase support for bio-based products through subsidies, incentives, and favorable regulations, providing a conducive environment for the growth of soy-based chemicals.

The demand for soy-based ingredients in cosmetics, personal care, and food products will rise, reflecting consumer preferences for natural and non-toxic alternatives.

The Asia-Pacific region will play a crucial role in the market’s growth, with rapidly industrializing nations like China and India adopting soy-based chemicals for various applications.

Companies will enhance supply chain resilience by localizing production facilities, reducing transportation costs, and ensuring a steady supply of raw materials, supporting market growth.

The shift towards a circular economy will promote the recycling and reuse of soy-based products, creating new opportunities for sustainable chemical production and reducing waste.

The soy-based chemicals market will witness increased competition, with both large corporations and smaller, innovative firms striving to meet growing demand and differentiate themselves through technological advancements.

CHAPTER NO. 1 : INTRODUCTION 29

1.1.1. Report Description 29

Purpose of the Report 29

USP & Key Offerings 29

1.1.2. Key Benefits for Stakeholders 29

1.1.3. Target Audience 30

1.1.4. Report Scope 30

1.1.5. Regional Scope 31

CHAPTER NO. 2 : EXECUTIVE SUMMARY 32

2.1. Soy-Based Chemicals Market Snapshot 32

2.1.1. Global Soy-Based Chemicals Market, 2018 – 2032 (USD Million) 33

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 34

3.1. Russia-Ukraine and Israel-Palestine War Impacts 34

CHAPTER NO. 4 : SOY-BASED CHEMICALS MARKET – INDUSTRY ANALYSIS 35

4.1. Introduction 35

4.2. Market Drivers 36

4.2.1. Increasing demand for sustainable and biodegradable chemicals 36

4.2.2. Rising adoption of soy-based chemicals in industrial and personal care applications 37

4.3. Market Restraints 38

4.3.1. High production costs compared to petrochemical alternatives 38

4.4. Market Opportunities 39

4.4.1. Growing investments in R&D for advanced soy-based chemical formulations 39

4.5. Porter’s Five Forces Analysis 40

4.6. Value Chain Analysis 41

4.7. Buying Criteria 42

CHAPTER NO. 5 : IMPORT EXPORT ANALYSIS 43

5.1. Import Analysis by Region 43

5.1.1. Global Soy-Based Chemicals Market Import Volume/Revenue, By Region, 2018 – 2023 43

5.2. Export Analysis by Region 44

5.2.1. Global Soy-Based Chemicals Market Export Volume/Revenue, By Region, 2018 – 2023 44

CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 45

6.1. Demand Analysis by Region 45

6.1.1. Global Soy-Based Chemicals Market Demand Volume/Revenue, By Region, 2018 – 2023 45

6.2. Supply Analysis by Region 46

6.2.1. Global Soy-Based Chemicals Market Supply Volume/Revenue, By Region, 2018 – 2023 46

CHAPTER NO. 7 : PRODUCTION ANALYSIS 47

7.1. Production Analysis by Region 47

7.1.1. Global Soy-Based Chemicals Market Production Volume/Revenue, By Region, 2018 – 2023 47

CHAPTER NO. 8 : PRICE ANALYSIS 48

8.1. Price Analysis by Region 48

8.1.1. Global Soy-Based Chemicals Market Price, By Region, 2018 – 2023 48

8.1.2. Global Type Market Price, By Region, 2018 – 2023 48

8.2. Price Analysis by Type 49

8.2.1. Global Soy-Based Chemicals Market Price, By Type, 2018 – 2023 49

8.2.2. Global Type Market Price, By Type, 2018 – 2023 49

CHAPTER NO. 9 : RAW MATERIALS ANALYSIS 50

9.1. Key Raw Materials and Suppliers 50

9.2. Key Raw Materials Price Trend 50

CHAPTER NO. 10 : MANUFACTURING COST ANALYSIS 51

10.1. Manufacturing Cost Analysis 51

10.2. Manufacturing Process 51

CHAPTER NO. 11 : ANALYSIS COMPETITIVE LANDSCAPE 52

11.1. Company Market Share Analysis – 2023 52

11.1.1. Global Soy-Based Chemicals Market: Company Market Share, by Volume, 2023 52

11.1.2. Global Soy-Based Chemicals Market: Company Market Share, by Revenue, 2023 53

11.1.3. Global Soy-Based Chemicals Market: Top 6 Company Market Share, by Revenue, 2023 53

11.1.4. Global Soy-Based Chemicals Market: Top 3 Company Market Share, by Revenue, 2023 54

11.2. Global Soy-Based Chemicals Market Company Volume Market Share, 2023 55

11.3. Global Soy-Based Chemicals Market Company Revenue Market Share, 2023 56

11.4. Company Assessment Metrics, 2023 56

11.4.1. Stars 56

11.4.2. Emerging Leaders 56

11.4.3. Pervasive Players 56

11.4.4. Participants 56

11.5. Start-ups /SMEs Assessment Metrics, 2023 56

11.5.1. Progressive Companies 56

11.5.2. Responsive Companies 57

11.5.3. Dynamic Companies 57

11.5.4. Starting Blocks 57

11.6. Strategic Developments 58

11.6.1. Acquisitions & Mergers 58

New Product Launch 58

Regional Expansion 58

11.7. Key Players Product Matrix 59

CHAPTER NO. 12 : PESTEL & ADJACENT MARKET ANALYSIS 60

12.1. PESTEL 60

12.1.1. Political Factors 60

12.1.2. Economic Factors 60

12.1.3. Social Factors 60

12.1.4. Technological Factors 60

12.1.5. Environmental Factors 60

12.1.6. Legal Factors 60

12.2. Adjacent Market Analysis 60

CHAPTER NO. 13 : SOY-BASED CHEMICALS MARKET – BY TYPE SEGMENT ANALYSIS 61

13.1. Soy-Based Chemicals Market Overview, by Type Segment 61

13.1.1. Soy-Based Chemicals Market Revenue Share, By Type, 2023 & 2032 62

13.1.2. Soy-Based Chemicals Market Attractiveness Analysis, By Type 63

13.1.3. Incremental Revenue Growth Opportunity, by Type, 2024 – 2032 63

13.1.4. Soy-Based Chemicals Market Revenue, By Type, 2018, 2023, 2027 & 2032 64

13.2. Soy Oil 65

13.2.1. Global Soy Oil Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 66

13.2.2. Global Soy Oil Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 66

13.3. Soy Wax 67

13.3.1. Global Soy Wax Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 68

13.3.2. Global Soy Wax Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 68

13.4. Soy-Based Polymers 69

13.4.1. Global Soy-Based Polymers Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 70

13.4.2. Global Soy-Based Polymers Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 70

13.5. Soy Fatty Acids 71

13.5.1. Global Soy Fatty Acids Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 72

13.5.2. Global Soy Fatty Acids Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 72

13.6. Soy Methyl Esters 73

13.6.1. Global Soy Methyl Esters Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 74

13.6.2. Global Soy Methyl Esters Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 74

CHAPTER NO. 14 : SOY-BASED CHEMICALS MARKET – BY APPLICATION SEGMENT ANALYSIS 75

14.1. Soy-Based Chemicals Market Overview, by Application Segment 75

14.1.1. Soy-Based Chemicals Market Revenue Share, By Application, 2023 & 2032 76

14.1.2. Soy-Based Chemicals Market Attractiveness Analysis, By Application 77

14.1.3. Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 77

14.1.4. Soy-Based Chemicals Market Revenue, By Application, 2018, 2023, 2027 & 2032 78

14.2. Industrial 79

14.2.1. Global Industrial Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 80

14.2.2. Global Industrial Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 80

14.3. Cosmetics & Personal Care 81

14.3.1. Global Cosmetics & Personal Care Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 82

14.3.2. Global Cosmetics & Personal Care Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 82

14.4. Food & Beverages 83

14.4.1. Global Food & Beverages Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 84

14.4.2. Global Food & Beverages Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 84

14.5. Pharmaceuticals 85

14.5.1. Global Pharmaceuticals Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 86

14.5.2. Global Pharmaceuticals Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 86

14.6. Agriculture 87

14.6.1. Global Agriculture Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 88

14.6.2. Global Agriculture Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 88

CHAPTER NO. 15 : SOY-BASED CHEMICALS MARKET – BY END-USE INDUSTRY SEGMENT ANALYSIS 89

15.1. Soy-Based Chemicals Market Overview, by End-Use Industry Segment 89

15.1.1. Soy-Based Chemicals Market Revenue Share, By End-Use Industry, 2023 & 2032 90

15.1.2. Soy-Based Chemicals Market Attractiveness Analysis, By End-Use Industry 91

15.1.3. Incremental Revenue Growth Opportunity, by End-Use Industry, 2024 – 2032 91

15.1.4. Soy-Based Chemicals Market Revenue, By End-Use Industry, 2018, 2023, 2027 & 2032 92

15.2. Automotive 93

15.2.1. Global Automotive Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 94

15.2.2. Global Automotive Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 94

15.3. Construction 95

15.3.1. Global Construction Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 96

15.3.2. Global Construction Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 96

15.4. Packaging 97

15.4.1. Global Packaging Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 98

15.4.2. Global Packaging Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 98

15.5. Healthcare 99

15.5.1. Global Healthcare Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 100

15.5.2. Global Healthcare Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 100

15.6. Others 101

15.6.1. Global Others Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 102

15.6.2. Global Others Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 102

CHAPTER NO. 16 : SOY-BASED CHEMICALS MARKET – REGIONAL ANALYSIS 103

16.1. Soy-Based Chemicals Market Overview, by Regional Segments 103

16.2. Region 104

16.2.1. Global Soy-Based Chemicals Market Revenue Share, By Region, 2023 & 2032 104

16.2.2. Soy-Based Chemicals Market Attractiveness Analysis, By Region 105

16.2.3. Incremental Revenue Growth Opportunity, by Region, 2024 – 2032 105

16.2.4. Soy-Based Chemicals Market Revenue, By Region, 2018, 2023, 2027 & 2032 106

16.2.5. Global Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 107

16.2.6. Global Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 107

16.3. Type 108

16.3.1. Global Soy-Based Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 108

16.4. Global Soy-Based Chemicals Market Revenue, By Type, 2024 – 2032 (USD Million) 108

16.5. Application 109

16.5.1. Global Soy-Based Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 109

16.5.2. Global Soy-Based Chemicals Market Revenue, By Application, 2024 – 2032 (USD Million) 109

16.6. End-Use Industry 110

16.6.1. Global Soy-Based Chemicals Market Revenue, By End-Use Industry, 2018 – 2023 (USD Million) 110

16.6.2. Global Soy-Based Chemicals Market Revenue, By End-Use Industry, 2024 – 2032 (USD Million) 110

CHAPTER NO. 17 : SOY-BASED CHEMICALS MARKET – NORTH AMERICA 111

17.1. North America 111

17.1.1. Key Highlights 111

17.1.2. North America Soy-Based Chemicals Market Revenue, By Country, 2018 – 2023 (USD Million) 112

17.1.3. North America Soy-Based Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 113

17.1.4. North America Soy-Based Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 114

17.1.5. North America Soy-Based Chemicals Market Revenue, By End-Use Industry, 2018 – 2023 (USD Million) 115

17.2. U.S. 116

17.3. Canada 116

17.4. Mexico 116

CHAPTER NO. 18 : SOY-BASED CHEMICALS MARKET – EUROPE 117

18.1. Europe 117

18.1.1. Key Highlights 117

18.1.2. Europe Soy-Based Chemicals Market Revenue, By Country, 2018 – 2023 (USD Million) 118

18.1.3. Europe Soy-Based Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 119

18.1.4. Europe Soy-Based Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 120

18.1.5. Europe Soy-Based Chemicals Market Revenue, By End-Use Industry, 2018 – 2023 (USD Million) 121

18.2. UK 122

18.3. France 122

18.4. Germany 122

18.5. Italy 122

18.6. Spain 122

18.7. Russia 122

18.8. Belgium 122

18.9. Netherland 122

18.10. Austria 122

18.11. Sweden 122

18.12. Poland 122

18.13. Denmark 122

18.14. Switzerland 122

18.15. Rest of Europe 122

CHAPTER NO. 19 : SOY-BASED CHEMICALS MARKET – ASIA PACIFIC 123

19.1. Asia Pacific 123

19.1.1. Key Highlights 123

19.1.2. Asia Pacific Soy-Based Chemicals Market Revenue, By Country, 2018 – 2023 (USD Million) 124

19.1.3. Asia Pacific Soy-Based Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 125

19.1.4. Asia Pacific Soy-Based Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 126

19.1.5. Asia Pacific Soy-Based Chemicals Market Revenue, By End-Use Industry, 2018 – 2023 (USD Million) 127

19.2. China 128

19.3. Japan 128

19.4. South Korea 128

19.5. India 128

19.6. Australia 128

19.7. Thailand 128

19.8. Indonesia 128

19.9. Vietnam 128

19.10. Malaysia 128

19.11. Philippines 128

19.12. Taiwan 128

19.13. Rest of Asia Pacific 128

CHAPTER NO. 20 : SOY-BASED CHEMICALS MARKET – LATIN AMERICA 129

20.1. Latin America 129

20.1.1. Key Highlights 129

20.1.2. Latin America Soy-Based Chemicals Market Revenue, By Country, 2018 – 2023 (USD Million) 130

20.1.3. Latin America Soy-Based Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 131

20.1.4. Latin America Soy-Based Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 132

20.1.5. Latin America Soy-Based Chemicals Market Revenue, By End-Use Industry, 2018 – 2023 (USD Million) 133

20.2. Brazil 134

20.3. Argentina 134

20.4. Peru 134

20.5. Chile 134

20.6. Colombia 134

20.7. Rest of Latin America 134

CHAPTER NO. 21 : SOY-BASED CHEMICALS MARKET – MIDDLE EAST 135

21.1. Middle East 135

21.1.1. Key Highlights 135

21.1.2. Middle East Soy-Based Chemicals Market Revenue, By Country, 2018 – 2023 (USD Million) 136

21.1.3. Middle East Soy-Based Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 137

21.1.4. Middle East Soy-Based Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 138

21.1.5. Middle East Soy-Based Chemicals Market Revenue, By End-Use Industry, 2018 – 2023 (USD Million) 139

21.2. UAE 140

21.3. KSA 140

21.4. Israel 140

21.5. Turkey 140

21.6. Iran 140

21.7. Rest of Middle East 140

CHAPTER NO. 22 : SOY-BASED CHEMICALS MARKET – AFRICA 141

22.1. Africa 141

22.1.1. Key Highlights 141

22.1.2. Africa Soy-Based Chemicals Market Revenue, By Country, 2018 – 2023 (USD Million) 142

22.1.3. Africa Soy-Based Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 143

22.1.4. Africa Soy-Based Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 144

22.1.5. Africa Soy-Based Chemicals Market Revenue, By End-Use Industry, 2018 – 2023 (USD Million) 145

22.2. Egypt 146

22.3. Nigeria 146

22.4. Algeria 146

22.5. Morocco 146

22.6. Rest of Africa 146

CHAPTER NO. 23 : COMPANY PROFILES 147

23.1.1. Company Overview 147

23.1.2. Product Portfolio 147

23.1.3. Swot Analysis 147

23.1.4. Business Strategy 148

23.1.5. Financial Overview 148

23.2. Cargill, Incorporated 149

23.3. Dow Inc. 149

23.4. BASF SE 149

23.5. BioBased Technologies LLC 149

23.6. VertecBio™ 149

23.7. Soy Technologies LLC 149

23.8. Solvay S.A. 149

23.9. Elevance Renewable Sciences, Inc. 149

23.10. Renewable Lubricants, Inc. 149

List of Figures

FIG NO. 1. Global Soy-Based Chemicals Market Revenue, 2018 – 2032 (USD Million) 36

FIG NO. 2. Porter’s Five Forces Analysis for Global Soy-Based Chemicals Market 43

FIG NO. 3. Value Chain Analysis for Global Soy-Based Chemicals Market 44

FIG NO. 4. Global Soy-Based Chemicals Market Import Volume/Revenue, By Region, 2018 – 2023 46

FIG NO. 5. Global Soy-Based Chemicals Market Export Volume/Revenue, By Region, 2018 – 2023 47

FIG NO. 6. Global Soy-Based Chemicals Market Demand Volume/Revenue, By Region, 2018 – 2023 48

FIG NO. 7. Global Soy-Based Chemicals Market Supply Volume/Revenue, By Region, 2018 – 2023 49

FIG NO. 8. Global Soy-Based Chemicals Market Production Volume/Revenue, By Region, 2018 – 2023 50

FIG NO. 9. Global Soy-Based Chemicals Market Price, By Region, 2018 – 2023 51

FIG NO. 10. Global Soy-Based Chemicals Market Price, By Type, 2018 – 2023 52

FIG NO. 11. Raw Materials Price Trend Analysis, 2018 – 2023 53

FIG NO. 12. Manufacturing Cost Analysis 54

FIG NO. 13. Manufacturing Process 54

FIG NO. 14. Company Share Analysis, 2023 55

FIG NO. 15. Company Share Analysis, 2023 56

FIG NO. 16. Company Share Analysis, 2023 56

FIG NO. 17. Company Share Analysis, 2023 57

FIG NO. 18. Soy-Based Chemicals Market – Company Volume Market Share, 2023 58

FIG NO. 19. Soy-Based Chemicals Market – Company Revenue Market Share, 2023 59

FIG NO. 20. Soy-Based Chemicals Market Revenue Share, By Type, 2023 & 2032 65

FIG NO. 21. Market Attractiveness Analysis, By Type 66

FIG NO. 22. Incremental Revenue Growth Opportunity by Type, 2024 – 2032 66

FIG NO. 23. Soy-Based Chemicals Market Revenue, By Type, 2018, 2023, 2027 & 2032 67

FIG NO. 24. Global Soy-Based Chemicals Market for Soy Oil, Revenue (USD Million) 2018 – 2032 68

FIG NO. 25. Global Soy-Based Chemicals Market for Soy Wax, Revenue (USD Million) 2018 – 2032 70

FIG NO. 26. Global Soy-Based Chemicals Market for Soy-Based Polymers, Revenue (USD Million) 2018 – 2032 72

FIG NO. 27. Global Soy-Based Chemicals Market for Soy Fatty Acids, Revenue (USD Million) 2018 – 2032 74

FIG NO. 28. Global Soy-Based Chemicals Market for Soy Methyl Esters, Revenue (USD Million) 2018 – 2032 76

FIG NO. 29. Soy-Based Chemicals Market Revenue Share, By Application, 2023 & 2032 79

FIG NO. 30. Market Attractiveness Analysis, By Application 80

FIG NO. 31. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 80

FIG NO. 32. Soy-Based Chemicals Market Revenue, By Application, 2018, 2023, 2027 & 2032 81

FIG NO. 33. Global Soy-Based Chemicals Market for Industrial, Revenue (USD Million) 2018 – 2032 82

FIG NO. 34. Global Soy-Based Chemicals Market for Cosmetics & Personal Care, Revenue (USD Million) 2018 – 2032 84

FIG NO. 35. Global Soy-Based Chemicals Market for Food & Beverages, Revenue (USD Million) 2018 – 2032 86

FIG NO. 36. Global Soy-Based Chemicals Market for Pharmaceuticals, Revenue (USD Million) 2018 – 2032 88

FIG NO. 37. Global Soy-Based Chemicals Market for Agriculture, Revenue (USD Million) 2018 – 2032 90

FIG NO. 38. Soy-Based Chemicals Market Revenue Share, By End-Use Industry, 2023 & 2032 93

FIG NO. 39. Market Attractiveness Analysis, By End-Use Industry 94

FIG NO. 40. Incremental Revenue Growth Opportunity by End-Use Industry, 2024 – 2032 94

FIG NO. 41. Soy-Based Chemicals Market Revenue, By End-Use Industry, 2018, 2023, 2027 & 2032 95

FIG NO. 42. Global Soy-Based Chemicals Market for Automotive, Revenue (USD Million) 2018 – 2032 96

FIG NO. 43. Global Soy-Based Chemicals Market for Construction, Revenue (USD Million) 2018 – 2032 98

FIG NO. 44. Global Soy-Based Chemicals Market for Packaging, Revenue (USD Million) 2018 – 2032 100

FIG NO. 45. Global Soy-Based Chemicals Market for Healthcare, Revenue (USD Million) 2018 – 2032 102

FIG NO. 46. Global Soy-Based Chemicals Market for Others, Revenue (USD Million) 2018 – 2032 104

FIG NO. 47. Global Soy-Based Chemicals Market Revenue Share, By Region, 2023 & 2032 107

FIG NO. 48. Market Attractiveness Analysis, By Region 108

FIG NO. 49. Incremental Revenue Growth Opportunity by Region, 2024 – 2032 108

FIG NO. 50. Soy-Based Chemicals Market Revenue, By Region, 2018, 2023, 2027 & 2032 109

FIG NO. 51. North America Soy-Based Chemicals Market Revenue, 2018 – 2032 (USD Million) 114

FIG NO. 52. Europe Soy-Based Chemicals Market Revenue, 2018 – 2032 (USD Million) 120

FIG NO. 53. Asia Pacific Soy-Based Chemicals Market Revenue, 2018 – 2032 (USD Million) 126

FIG NO. 54. Latin America Soy-Based Chemicals Market Revenue, 2018 – 2032 (USD Million) 132

FIG NO. 55. Middle East Soy-Based Chemicals Market Revenue, 2018 – 2032 (USD Million) 138

FIG NO. 56. Africa Soy-Based Chemicals Market Revenue, 2018 – 2032 (USD Million) 144

List of Tables

TABLE NO. 1. : Global Soy-Based Chemicals Market: Snapshot 30

TABLE NO. 2. : Drivers for the Soy-Based Chemicals Market: Impact Analysis 34

TABLE NO. 3. : Restraints for the Soy-Based Chemicals Market: Impact Analysis 36

TABLE NO. 4. : Global Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 46

TABLE NO. 5. : Global Soy-Based Chemicals Market Revenue, By Type, 2018 – 2023 47

TABLE NO. 6. : Key Raw Materials & Suppliers 48

TABLE NO. 7. : Global Soy Oil Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 64

TABLE NO. 8. : Global Soy Oil Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 64

TABLE NO. 9. : Global Soy Wax Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 66

TABLE NO. 10. : Global Soy Wax Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 66

TABLE NO. 11. : Global Soy-Based Polymers Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 68

TABLE NO. 12. : Global Soy-Based Polymers Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 68

TABLE NO. 13. : Global Soy Fatty Acids Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 70

TABLE NO. 14. : Global Soy Fatty Acids Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 70

TABLE NO. 15. : Global Soy Methyl Esters Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 72

TABLE NO. 16. : Global Soy Methyl Esters Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 72

TABLE NO. 17. : Global Industrial Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 78

TABLE NO. 18. : Global Industrial Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 78

TABLE NO. 19. : Global Cosmetics & Personal Care Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 80

TABLE NO. 20. : Global Cosmetics & Personal Care Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 80

TABLE NO. 21. : Global Food & Beverages Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 82

TABLE NO. 22. : Global Food & Beverages Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 82

TABLE NO. 23. : Global Pharmaceuticals Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 84

TABLE NO. 24. : Global Pharmaceuticals Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 84

TABLE NO. 25. : Global Agriculture Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 86

TABLE NO. 26. : Global Agriculture Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 86

TABLE NO. 27. : Global Automotive Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 92

TABLE NO. 28. : Global Automotive Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 92

TABLE NO. 29. : Global Construction Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 94

TABLE NO. 30. : Global Construction Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 94

TABLE NO. 31. : Global Packaging Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 96

TABLE NO. 32. : Global Packaging Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 96

TABLE NO. 33. : Global Healthcare Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 98

TABLE NO. 34. : Global Healthcare Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 98

TABLE NO. 35. : Global Others Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 100

TABLE NO. 36. : Global Others Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 100

TABLE NO. 37. : Global Soy-Based Chemicals Market Revenue, By Region, 2018 – 2023 (USD Million) 105

TABLE NO. 38. : Global Soy-Based Chemicals Market Revenue, By Region, 2024 – 2032 (USD Million) 105

TABLE NO. 39. : Global Soy-Based Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 106

TABLE NO. 40. : Global Soy-Based Chemicals Market Revenue, By Type, 2024 – 2032 (USD Million) 106

TABLE NO. 41. : Global Soy-Based Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 107

TABLE NO. 42. : Global Soy-Based Chemicals Market Revenue, By Application, 2024 – 2032 (USD Million) 107

TABLE NO. 43. : Global Soy-Based Chemicals Market Revenue, By End-Use Industry, 2018 – 2023 (USD Million) 108

TABLE NO. 44. : Global Soy-Based Chemicals Market Revenue, By End-Use Industry, 2024 – 2032 (USD Million) 108

TABLE NO. 45. : North America Soy-Based Chemicals Market Revenue, By Country, 2018 – 2023 (USD Million) 110

TABLE NO. 46. : North America Soy-Based Chemicals Market Revenue, By Country, 2024 – 2032 (USD Million) 110

TABLE NO. 47. : North America Soy-Based Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 111

TABLE NO. 48. : North America Soy-Based Chemicals Market Revenue, By Type, 2024 – 2032 (USD Million) 111

TABLE NO. 49. : North America Soy-Based Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 112

TABLE NO. 50. : North America Soy-Based Chemicals Market Revenue, By Application, 2024 – 2032 (USD Million) 112

TABLE NO. 51. : North America Soy-Based Chemicals Market Revenue, By End-Use Industry, 2018 – 2023 (USD Million) 113

TABLE NO. 52. : North America Soy-Based Chemicals Market Revenue, By End-Use Industry, 2024 – 2032 (USD Million) 113

TABLE NO. 53. : Europe Soy-Based Chemicals Market Revenue, By Country, 2018 – 2023 (USD Million) 116

TABLE NO. 54. : Europe Soy-Based Chemicals Market Revenue, By Country, 2024 – 2032 (USD Million) 116

TABLE NO. 55. : Europe Soy-Based Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 117

TABLE NO. 56. : Europe Soy-Based Chemicals Market Revenue, By Type, 2024 – 2032 (USD Million) 117

TABLE NO. 57. : Europe Soy-Based Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 118

TABLE NO. 58. : Europe Soy-Based Chemicals Market Revenue, By Application, 2024 – 2032 (USD Million) 118

TABLE NO. 59. : Europe Soy-Based Chemicals Market Revenue, By End-Use Industry, 2018 – 2023 (USD Million) 119

TABLE NO. 60. : Europe Soy-Based Chemicals Market Revenue, By End-Use Industry, 2024 – 2032 (USD Million) 119

TABLE NO. 61. : Asia Pacific Soy-Based Chemicals Market Revenue, By Country, 2018 – 2023 (USD Million) 122

TABLE NO. 62. : Asia Pacific Soy-Based Chemicals Market Revenue, By Country, 2024 – 2032 (USD Million) 122

TABLE NO. 63. : Asia Pacific Soy-Based Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 123

TABLE NO. 64. : Asia Pacific Soy-Based Chemicals Market Revenue, By Type, 2024 – 2032 (USD Million) 123

TABLE NO. 65. : Asia Pacific Soy-Based Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 124

TABLE NO. 66. : Asia Pacific Soy-Based Chemicals Market Revenue, By Application, 2024 – 2032 (USD Million) 124

TABLE NO. 67. : Asia Pacific Soy-Based Chemicals Market Revenue, By End-Use Industry, 2018 – 2023 (USD Million) 125

TABLE NO. 68. : Asia Pacific Soy-Based Chemicals Market Revenue, By End-Use Industry, 2024 – 2032 (USD Million) 125

TABLE NO. 69. : Latin America Soy-Based Chemicals Market Revenue, By Country, 2018 – 2023 (USD Million) 128

TABLE NO. 70. : Latin America Soy-Based Chemicals Market Revenue, By Country, 2024 – 2032 (USD Million) 128

TABLE NO. 71. : Latin America Soy-Based Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 129

TABLE NO. 72. : Latin America Soy-Based Chemicals Market Revenue, By Type, 2024 – 2032 (USD Million) 129

TABLE NO. 73. : Latin America Soy-Based Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 130

TABLE NO. 74. : Latin America Soy-Based Chemicals Market Revenue, By Application, 2024 – 2032 (USD Million) 130

TABLE NO. 75. : Latin America Soy-Based Chemicals Market Revenue, By End-Use Industry, 2018 – 2023 (USD Million) 131

TABLE NO. 76. : Latin America Soy-Based Chemicals Market Revenue, By End-Use Industry, 2024 – 2032 (USD Million) 131

TABLE NO. 77. : Middle East Soy-Based Chemicals Market Revenue, By Country, 2018 – 2023 (USD Million) 134

TABLE NO. 78. : Middle East Soy-Based Chemicals Market Revenue, By Country, 2024 – 2032 (USD Million) 134

TABLE NO. 79. : Middle East Soy-Based Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 135

TABLE NO. 80. : Middle East Soy-Based Chemicals Market Revenue, By Type, 2024 – 2032 (USD Million) 135

TABLE NO. 81. : Middle East Soy-Based Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 136

TABLE NO. 82. : Middle East Soy-Based Chemicals Market Revenue, By Application, 2024 – 2032 (USD Million) 136

TABLE NO. 83. : Middle East Soy-Based Chemicals Market Revenue, By End-Use Industry, 2018 – 2023 (USD Million) 137

TABLE NO. 84. : Middle East Soy-Based Chemicals Market Revenue, By End-Use Industry, 2024 – 2032 (USD Million) 137

TABLE NO. 85. : Africa Soy-Based Chemicals Market Revenue, By Country, 2018 – 2023 (USD Million) 140

TABLE NO. 86. : Africa Soy-Based Chemicals Market Revenue, By Country, 2024 – 2032 (USD Million) 140

TABLE NO. 87. : Africa Soy-Based Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 141

TABLE NO. 88. : Africa Soy-Based Chemicals Market Revenue, By Type, 2024 – 2032 (USD Million) 141

TABLE NO. 89. : Africa Soy-Based Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 142

TABLE NO. 90. : Africa Soy-Based Chemicals Market Revenue, By Application, 2024 – 2032 (USD Million) 142

TABLE NO. 91. : Africa Soy-Based Chemicals Market Revenue, By End-Use Industry, 2018 – 2023 (USD Million) 143

TABLE NO. 92. : Africa Soy-Based Chemicals Market Revenue, By End-Use Industry, 2024 – 2032 (USD Million) 143

Frequently Asked Questions:

What is the market size of the global soy-based chemicals market in 2023 and 2032?

The global soy-based chemicals market is valued at approximately USD 28,996.80 million in 2024 and is projected to reach USD 52,069.72 million by 2032. This growth represents a compound annual growth rate (CAGR) of 7.59% from 2025 to 2032.

What are the key drivers of the global soy-based chemicals market?

Key drivers include the increasing demand for eco-friendly and renewable alternatives to petroleum-based chemicals, government incentives for bio-based materials, and advancements in soy processing technologies. These factors are contributing to the widespread adoption of soy-based chemicals.

What industries are adopting soy-based chemicals?

Soy-based chemicals are increasingly used in industries such as automotive, packaging, cosmetics, food and beverages, and agriculture, driven by their sustainable, biodegradable, and eco-friendly properties.

Who are the major players in the soy-based chemicals market?

Major players in the global soy-based chemicals market include Dow, Cargill, Archer Daniels Midland Company (ADM), Bunge Limited, and Elevance Renewable Sciences, which lead the market with their innovative bio-based solutions and global reach.

About Author

Shweta Bisht

Healthcare & Biotech Analyst

Shweta is a healthcare and biotech researcher with strong analytical skills in chemical and agri domains.

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Reviewed By
Gunakesh Parmar

Research Consultant

With over 15 years of dedicated experience in market research since 2009, specializes in delivering actionable insights from data.

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