Soy Chemicals Segmentation
Sales Channel (Industrial Bulk Sales, E-commerce, and Distributors & Dealers)
The industrial bulk Sales sector is anticipated to lead the global soy chemicals market, capturing a 47% share by 2037. This growth is fueled by increasing demand from major industries, including automotive, construction, and packaging. Bulk buying facilitates cost savings and ensures a steady supply for high-volume uses such as bio-lubricants, adhesives, and surfactants. The transition towards sustainable raw materials in manufacturing is hastening the bulk acquisition of soy-based substitutes, especially in areas with robust regulatory backing for the adoption of green chemicals.
By Application (Bio-based Polymers, Agrochemicals, Personal Care Ingredients, and Food Additives)
Bio-based polymers produced from soy chemicals are projected to capture 44% of the global soy chemicals market and are gaining popularity as substitutes for petrochemical-based plastics. According to the U.S. Environmental Protection Agency (U.S. EPA), the demand for bioplastics has been rising at a rate of 9% annually from 2018 to 2023, driven by regulations that restrict the use of single-use plastics. Moreover, alongside regulatory pressures, government incentives for renewable materials are accelerating the adoption of biobased materials in both the packaging and automotive sectors.
Our in-depth analysis of the soy chemicals market includes the following segments:
|
Sales Channel |
|
|
Application |
|
Type
|
|
End use |
|
Grade |
|
