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UK Soy-Based Chemicals Market

UK 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
UK Soy-Based Chemicals Market Size 2024	USD 1,198.78 million
UK Soy-Based Chemicals Market, CAGR	7.50%
UK Soy-Based Chemicals Market Size 2032	USD 2,138.61 million

Market Overview

The UK soy-based chemicals market is projected to grow from USD 1,198.78 million in 2024 to an estimated USD 2,138.61 million by 2032, with a compound annual growth rate (CAGR) of 7.50% from 2025 to 2032. This growth is driven by the increasing demand for sustainable and bio-based alternatives to petrochemicals across various industries.

Key market drivers include the rising consumer preference for eco-friendly products and the adoption of green chemistry principles. Trends such as the development of innovative soy-based products and advancements in biotechnology are further fueling market expansion. Additionally, the use of soy-based chemicals in applications like biodiesel, plastics, and personal care products contributes to the market’s growth.

Geographically, the UK market is witnessing significant growth, with soy-based chemicals being extensively used in food and beverage applications. Key players in the market include Archer Daniels Midland Company, Cargill Inc., and Bunge Limited, all of which play a crucial role in shaping the competitive landscape of the UK soy-based chemicals market.

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Market Insights

The UK soy-based chemicals market is projected to grow from USD 1,198.78 million in 2024 to an estimated USD 2,138.61 million by 2032, with a compound annual growth rate (CAGR) of 7.50% from 2025 to 2032.
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.
Rising consumer preference for eco-friendly products and the adoption of green chemistry principles are significant drivers of market growth, fostering the shift to renewable resources.
High production costs and limited scalability of soy-based chemicals compared to petrochemical alternatives remain a key challenge for wider market adoption.
Technological advancements in biotechnology and chemical processing are enhancing the production efficiency and cost-effectiveness of soy-based chemicals.
England holds the largest market share in the UK soy-based chemicals market, driven by its strong industrial base and commitment to sustainability.
Soy-based chemicals are extensively used in food, beverage, personal care, biodiesel, and plastic production, contributing to the market’s diverse growth.
Major players such as Archer Daniels Midland Company, Cargill Inc., and Bunge Limited dominate the market, with significant investments in innovation and sustainable production practices.

Market Drivers

Technological Advancements and Innovation in Soy-Based Chemical Production

Another key driver for the UK soy-based chemicals market is the continuous advancements in biotechnology and chemical engineering that are improving the production processes of soy-based chemicals. These technological innovations are making the production of soy-based chemicals more cost-effective, efficient, and scalable. Innovations such as genetic engineering and fermentation technology have enabled the creation of higher-quality soy-based chemicals at lower production costs. This, in turn, has made soy-based chemicals more competitive with traditional petrochemical alternatives. Additionally, improved processing methods have led to a broader range of soy-based products, including biodegradable plastics, green solvents, and biofuels. These products find applications in diverse industries, such as packaging, automotive, and personal care. The rise in technological innovation is expected to drive continued growth in the market, as more businesses adopt soy-based chemicals for their production processes.

Rising Applications Across Multiple Industries

The growing application of soy-based chemicals across a wide range of industries is another significant driver of market growth. Soy-based chemicals are being increasingly used in the production of various products, including plastics, adhesives, paints, coatings, personal care items, and detergents. The automotive industry, in particular, has shown strong interest in soy-based materials for use in interior components, such as seat cushions, insulation, and coatings. Soy-based chemicals are also used in the production of biodegradable plastics and packaging, which are gaining popularity as consumers and businesses alike seek sustainable alternatives to traditional plastic. Additionally, the personal care industry is incorporating soy-based ingredients into skincare, haircare, and cosmetic products, responding to the growing consumer demand for natural and cruelty-free products. This widespread application across diverse sectors continues to drive the demand for soy-based chemicals in the UK market. As more industries recognize the benefits of using renewable and sustainable materials, the adoption of soy-based chemicals is expected to expand further, supporting long-term market growth.

Increasing Demand for Sustainable and Eco-Friendly Alternatives

One of the key drivers of the UK soy-based chemicals market is the growing demand for sustainable and eco-friendly alternatives to traditional petrochemicals. Consumers, businesses, and governments are becoming more environmentally conscious and are actively seeking solutions that reduce environmental impact. Soy-based chemicals offer a renewable, biodegradable alternative to petroleum-derived chemicals, making them increasingly attractive in a wide range of industries, including personal care, automotive, and construction. For instance, companies like BASF have launched products such as Plantapon Soy, a bio-based anionic surfactant derived from soy protein, which aligns with the growing consumer demand for natural cosmetics. Additionally, as industries face increasing regulatory pressure to lower their carbon footprint, the shift towards plant-based chemicals is seen as a strategic move to comply with environmental policies. The UK’s 3,060 fitness clubs and studios also reflect a broader trend towards health and sustainability, which indirectly supports the demand for eco-friendly products like soy-based chemicals.

Government Initiatives and Regulations Promoting Green Chemistry

Government regulations and initiatives designed to support the adoption of sustainable materials and bio-based chemicals are a significant driver for the UK soy-based chemicals market. In recent years, the UK government has implemented several measures aimed at reducing carbon emissions and encouraging the development of renewable materials. These include tax incentives, research grants, and policies that promote the use of bio-based chemicals over their synthetic counterparts. For example, initiatives like the UK Bio-based Materials Regulatory Network (BB-REG-NET), supported by a £474,135 award from Innovate UK, aim to accelerate the adoption of sustainable chemicals and materials by improving regulation and standards. Such initiatives are aligned with the country’s broader environmental goals, including achieving net-zero carbon emissions by 2050. The growing emphasis on “green chemistry” also encourages innovation in bio-based feedstocks like soy, which are seen as key alternatives to fossil fuel-based chemicals. As these regulations gain traction, industries in the UK are increasingly adopting soy-based chemicals to meet sustainability targets and comply with these policies, thereby driving market growth.

Market Trends

Increased Adoption of Soy-Based Biofuels and Bio-Based Plastics

In the UK, the trend towards adopting soy-based biofuels and bio-based plastics is gaining traction due to rising environmental concerns. Although soy-based biofuels are not widely used in the UK, biodiesel from other sources, such as waste oils, is becoming more prevalent. For example, Greenergy operates one of the UK’s largest biodiesel plants, with a production capacity of around 140 ktonne (160 million litres) per year, primarily using waste oils like Used Cooking Oil (UCO). Bio-based plastics, on the other hand, are becoming a viable alternative to traditional plastics, with applications in packaging, automotive, and consumer goods. Companies are focusing on sustainable production processes to reduce plastic waste and carbon emissions.

Growing Demand for Soy-Based Chemicals in Personal Care and Cosmetics

The UK soy-based chemicals market is experiencing a surge in demand for soy-derived ingredients in personal care and cosmetics. Consumers are increasingly seeking products with natural and sustainable origins. Soy protein, for instance, is valued for its moisturizing properties and is used in skincare and haircare products. While specific data on soy-based chemicals in the UK personal care sector is limited, the broader trend towards plant-based products is evident. For example, the UK plant-based market has seen significant growth, with about 60% of consumers transitioning to plant protein products in recent years, driven by health and environmental concerns. This shift towards natural ingredients is expected to continue, driving growth in the soy-based chemicals market.

Development of High-Performance Soy-Based Materials for the Automotive and Construction Industries

Another key trend is the growing use of soy-based materials in the automotive and construction industries. The demand for soy-based chemicals is expanding beyond traditional consumer products as industries look for ways to make their production processes more sustainable. In the automotive industry, there is a marked increase in the use of soy-based materials, such as soy foam, in the production of vehicle components. Soy foam, made from soy-based polyols, is increasingly being used in car seats, seat cushions, insulation, and other parts of vehicles. This innovation helps automakers meet sustainability targets by reducing their reliance on petroleum-based foams and plastics. Soy-based materials also contribute to reducing the overall carbon footprint of vehicles by offering a renewable alternative to synthetic materials. The construction industry is also experiencing a shift toward soy-based products, with the use of soy-based adhesives, sealants, and paints gaining traction. These soy-based products offer advantages in terms of biodegradability, lower toxicity, and improved environmental performance, making them increasingly attractive for green building projects and sustainable construction practices. As these trends continue, soy-based materials are expected to play a larger role in these key industries, contributing to the growth and diversification of the UK soy-based chemicals market.

Technological Innovation in Soy-Based Chemical Production Processes

Technological advancements in the production processes of soy-based chemicals are another significant trend in the market. Over the years, the methods used to produce soy-based chemicals have evolved, making them more efficient and cost-effective. Biotechnology, genetic engineering, and innovative fermentation technologies have led to breakthroughs in the production of soy-based chemicals, enabling the creation of a wider range of products at lower costs. For instance, advancements in soybean oil processing have allowed for the extraction of higher-quality oils, which can then be used in a variety of chemical applications, from biodegradable lubricants to personal care ingredients. These innovations also contribute to improving the overall performance of soy-based chemicals, making them more viable substitutes for conventional chemicals in numerous applications. Furthermore, advances in enzyme technology and fermentation processes are enabling the production of more complex soy-based chemicals, including polyols and surfactants, which are used in a variety of industrial applications. As these production techniques continue to evolve, the availability and affordability of soy-based chemicals are expected to improve, driving further adoption in various markets. The ongoing research and development in this space are crucial for ensuring that soy-based chemicals remain competitive and continue to meet the demands of industries looking for sustainable solutions.

Market Challenges

High Production Costs and Limited Scalability

One of the significant challenges facing the UK soy-based chemicals market is the relatively high production costs associated with soy-based chemicals compared to their petrochemical counterparts. Despite advancements in production technologies, the cost of producing soy-based chemicals remains higher in many instances due to the need for specialized processing methods and raw material extraction. For instance, the high cost of soybean feedstock, which is essential for producing soy chemicals, contributes significantly to these elevated costs. Additionally, while soybeans are a renewable resource, their availability and cost can be affected by agricultural factors, such as crop yields and weather conditions, which can cause fluctuations in pricing. This price volatility, combined with the expense of extracting and processing soy-based chemicals, can make soy-derived products less competitive in the marketplace. For many manufacturers, the high production costs limit the scalability of soy-based chemical production, particularly in comparison to well-established, cost-effective petroleum-based chemicals. As a result, this challenge hinders the widespread adoption of soy-based chemicals in various industries, particularly where cost is a primary consideration. In the UK, the livestock industry, particularly poultry, is heavily reliant on soy for feed, which exposes them to supply chain risks such as price fluctuations and availability issues. For example, around 90% of imported soy in the UK is used as feed, making the industry vulnerable to soy supply or price shocks. Addressing these challenges requires strategies to improve supply chain resilience and reduce dependency on soy, such as exploring alternative feed crops or sourcing sustainable soy. However, implementing these strategies can be complex due to the intricate nature of soy supply chains and the need for traceability and certification.

Limited Consumer Awareness and Market Acceptance

Another challenge hindering the growth of the UK soy-based chemicals market is the limited consumer awareness and acceptance of soy-based products. While there is a growing trend toward sustainability, many businesses and consumers are still unfamiliar with the benefits of soy-based chemicals and their potential applications. The market for soy-based chemicals is still niche in some sectors, and convincing companies to switch from traditional petrochemical alternatives can be difficult. Some industries remain hesitant to adopt soy-based chemicals due to perceived risks related to performance, durability, and reliability. Furthermore, despite increasing consumer interest in eco-friendly products, soy-based chemicals face stiff competition from other bio-based alternatives, such as those derived from corn, algae, or sugarcane. The lack of widespread education on the benefits of soy-based chemicals and the need for more robust marketing efforts could slow the rate at which these chemicals gain acceptance across various market segments. As consumer awareness and industry adoption grow, this challenge may gradually diminish, but it remains an obstacle for the UK market at present.

Market Opportunities

Growing Demand for Sustainable Packaging Solutions

One of the significant market opportunities for the UK soy-based chemicals market lies in the growing demand for sustainable packaging solutions. As the global concern about plastic waste and environmental sustainability intensifies, companies in various industries are increasingly turning to bio-based materials as alternatives to traditional plastic. Soy-based chemicals, particularly soy-based plastics, offer a renewable, biodegradable alternative to petroleum-based plastics. The packaging industry, which is a major contributor to plastic pollution, is actively seeking solutions that minimize environmental impact. Soy-based polymers and bioplastics are gaining traction as eco-friendly packaging materials, particularly in food and beverage, cosmetics, and consumer goods sectors. The UK’s commitment to reducing plastic waste, along with increasing consumer preference for sustainable products, presents a prime opportunity for the expansion of soy-based chemicals in packaging applications. Manufacturers that leverage soy-based chemicals to produce sustainable packaging can tap into this growing demand, gaining a competitive advantage in a rapidly evolving market.

Expanding Applications in Automotive and Construction Industries

Another notable opportunity for growth in the UK soy-based chemicals market is the expanding use of soy-derived materials in the automotive and construction industries. The automotive sector is increasingly adopting soy-based foams, adhesives, and coatings as part of a broader trend toward more sustainable vehicle production. These materials offer a renewable alternative to synthetic options, helping automotive manufacturers reduce their carbon footprint. Similarly, in the construction industry, soy-based adhesives, sealants, and paints are gaining popularity due to their lower environmental impact, non-toxicity, and biodegradability. As the UK focuses on sustainable building practices and green construction, the demand for eco-friendly materials is expected to rise. The integration of soy-based chemicals into these industries presents a significant growth opportunity, as both sectors are actively exploring renewable solutions for their manufacturing processes.

Market Segmentation Analysis

By Type

Soy oil is one of the most widely used products in the soy-based chemicals market. It is primarily used in the production of biodiesel and industrial lubricants, owing to its renewable and biodegradable properties. Soy oil is also used in food products and cosmetics, offering an eco-friendly alternative to petroleum-based oils. Soy wax is primarily used in the production of candles and cosmetics. It is valued for its ability to burn cleanly, reducing air pollutants compared to paraffin wax. The growing demand for natural and eco-friendly products is driving the rise in soy wax consumption. Soy-based polymers are used to create plastics that are biodegradable and have applications in packaging, automotive parts, and more. These polymers are gaining significant attention due to their reduced environmental impact compared to traditional plastic. Soy fatty acids are widely used in the production of soaps, detergents, lubricants, and surfactants. Their renewable nature and low toxicity make them a preferred choice for sustainable chemical formulations. Soy methyl esters are used primarily as biodiesel and in the production of surfactants, solvents, and plastics. Their role in the energy sector, particularly as an alternative to petroleum-based diesel, is a key driver of demand.

By Application

Soy-based chemicals are increasingly being used in industrial applications, including in the production of lubricants, paints, coatings, and solvents. These chemicals offer eco-friendly and efficient solutions for industries looking to reduce their environmental impact. Soy-based chemicals are extensively used in the cosmetics and personal care industry. Ingredients such as soy protein, oil, and lecithin are included in skin and hair care products for their moisturizing, conditioning, and anti-aging benefits. The food and beverage sector is another significant application area for soy-based chemicals, with soy lecithin used as an emulsifier and soy oils used in food products. Soy-based chemicals are favored for their natural origins and health benefits. Soy-based chemicals find application in pharmaceutical products, particularly as excipients in the formulation of medicines and in drug delivery systems. Soy lecithin is often used in formulations to enhance bioavailability and stabilize emulsions. Soy-based chemicals, particularly soy-based oils and fatty acids, are used in agricultural applications, such as in pesticides and herbicides. These products provide more environmentally friendly alternatives to traditional petrochemical-based 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

England
Scotland
Wales
Northern Ireland

Regional Analysis

England (67.5%)

England holds the largest share of the UK soy-based chemicals market, accounting for 67.5% of the total market in 2024. This dominance is attributed to its strong industrial base, advanced manufacturing sector, and presence of major players in the chemical, automotive, personal care, and packaging industries. Regions such as the South East and the Midlands lead in adopting bio-based materials due to policy support for sustainability and innovation hubs focused on green chemistry. London, with its consumer-driven market, also drives demand for soy-based personal care and food products, contributing to the growing uptake of these chemicals.

Scotland (16.2%)

Scotland contributes 16.2% to the UK soy-based chemicals market. The region’s emphasis on environmental conservation and renewable energy supports the adoption of soy-based biofuels and sustainable construction materials. Scotland’s focus on low-carbon infrastructure and its growing biotechnology sector have created favorable conditions for soy-based chemical applications in both industrial and agricultural sectors.

Wales (10.3%)

Wales holds a 10.3% share of the UK market. The Welsh government’s initiatives promoting sustainable industry practices and bioeconomy development are fostering growth in soy-based chemical usage, particularly in manufacturing and food processing industries. The region’s small- and medium-scale enterprises are showing increased interest in adopting eco-friendly raw materials to comply with environmental standards and consumer expectations

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Key players

BASF SE
Solvay S.A.
Evonik Industries AG
Croda International Plc
Clariant AG
Oleon NV
Arkema S.A.
Akzo Nobel N.V.
Neste Oyj
Perstorp Holding AB

Competitive Analysis

The UK soy-based chemicals market is highly competitive, with key players striving to expand their market presence through innovation and sustainability initiatives. BASF SE and Solvay S.A. are major players, leading in research and development of eco-friendly soy-based alternatives for industrial applications, particularly in biofuels, lubricants, and bioplastics. Evonik Industries AG and Croda International Plc focus heavily on sustainable personal care and food additives, capitalizing on the growing demand for renewable ingredients. Clariant AG and Arkema S.A. leverage their expertise in specialty chemicals, offering soy-based solutions for paints, coatings, and automotive components. Oleon NV is recognized for its advanced soybean oil derivatives used in both industrial and cosmetic sectors, while Neste Oyj leads in soy-based biofuel production. Akzo Nobel N.V. and Perstorp Holding AB contribute with innovations in soy-based paints, coatings, and packaging materials, catering to the demand for greener alternatives.

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 UK soy-based chemicals market is moderately concentrated, with a mix of large multinational companies and smaller, specialized players. Major global players like BASF SE, Solvay S.A., and Evonik Industries AG dominate the market, offering a wide range of soy-based chemicals for industrial, agricultural, and consumer applications. These companies benefit from significant research and development capabilities, which enable them to produce innovative, sustainable products that meet growing demand for eco-friendly alternatives. At the same time, smaller players such as Croda International Plc and Oleon NV cater to niche segments, focusing on personalized solutions for specific industries like cosmetics and food. The market is characterized by high competition in product innovation, with an increasing focus on sustainability, biodegradability, and compliance with stringent environmental regulations. This dynamic environment creates opportunities for both established companies and emerging players to capitalize on the demand for renewable and sustainable chemical products.

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

The growing demand for eco-friendly packaging solutions is driving the adoption of soy-based chemicals, particularly in biodegradable plastics and inks.

Soy-derived ingredients like lecithin and oils are gaining popularity in cosmetics for their natural properties and skin benefits

Soy-based biodiesel is becoming a preferred alternative to fossil fuels, aligning with the UK’s renewable energy targets.

Technological innovations are enhancing the efficiency and scalability of soy-based chemical production, reducing costs and improving product quality.

Supportive policies and regulations are encouraging the use of renewable resources, boosting the demand for soy-based chemicals.

Consumers are increasingly opting for products made from natural, renewable ingredients, driving the market for soy-based chemicals.

Soy-based materials are being incorporated into automotive components, such as seat cushions and insulation, to reduce reliance on petroleum-based products.

The use of soy-based adhesives and coatings in construction is rising due to their environmental benefits and performance characteristics.

Research is focusing on creating high-value soy derivatives to meet specific industrial needs, expanding the application scope of soy-based chemicals.

Efforts to enhance the reliability and sustainability of soy supply chains are supporting the consistent availability of raw materials for soy-based chemical production.

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. UK 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 UK 31

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

5.2. Export Analysis by UK 32

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

CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 33

6.1. Demand Analysis by UK 33

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

6.2. Supply Analysis by UK 34

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

CHAPTER NO. 7 : PRODUCTION ANALYSIS 35

7.1. Production Analysis by UK 35

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

CHAPTER NO. 8 : PRICE ANALYSIS 36

8.1. Price Analysis by Type 36

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

8.1.2. UK 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. UK Soy-Based Chemicals Market: Company Market Share, by Volume, 2023 40

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

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

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

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

11.4. UK 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

UK 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 – UK ANALYSIS 76

16.1. Type 76

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

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

16.3. Application 77

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

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

16.4. End-Use Industry 78

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

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

CHAPTER NO. 17 : COMPANY PROFILES 79

17.1. BASF SE 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. Solvay S.A. 81

17.3. Evonik Industries AG 81

17.4. Croda International Plc 81

17.5. Clariant AG 81

17.6. Oleon NV 81

17.7. Arkema S.A. 81

17.8. Akzo Nobel N.V. 81

17.9. Neste Oyj 81

17.10. Perstorp Holding AB 81

List of Figures

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

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

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

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

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

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

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

FIG NO. 8. UK 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 UK 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. UK Soy-Based Chemicals Market for Soy Oil, Revenue (USD Million) 2018 – 2032 53

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

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

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

FIG NO. 27. UK 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. UK Soy-Based Chemicals Market for Industrial, Revenue (USD Million) 2018 – 2032 62

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

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

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

FIG NO. 36. UK 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. UK Soy-Based Chemicals Market for Automotive, Revenue (USD Million) 2018 – 2032 71

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

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

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

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

List of Tables

TABLE NO. 1. : UK 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. : UK Soy-Based Chemicals Market Revenue, By Type, 2018 – 2023 36

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

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

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

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

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

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

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

Frequently Asked Questions

What is the market size of the UK soy-based chemicals market in 2023, 2032, and its CAGR?

The UK soy-based chemicals market is valued at USD 1,198.78 million in 2024, projected to reach USD 2,138.61 million by 2032, with a compound annual growth rate (CAGR) of 7.50% from 2025 to 2032.

What are the main drivers of the UK soy-based chemicals market?

Key drivers include the rising consumer preference for sustainable products and the adoption of green chemistry principles, encouraging the use of eco-friendly, bio-based alternatives to petrochemicals.

Which companies are leading the UK soy-based chemicals market?

Leading players in the UK market include Archer Daniels Midland Company, Cargill Inc., and Bunge Limited, which play crucial roles in shaping market competition and driving innovation.

What trends are shaping the UK soy-based chemicals market?

Trends such as the development of innovative soy-based products, advancements in biotechnology, and a growing demand for sustainable solutions are significantly influencing market growth.

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