Soy-Based Chemicals : Global Outlook and Growth Analysis by 2027
Soy-based chemicals are used in various end-user industries such as paper, food & beverage, Plastic & polymers, cosmetic & personal care among others. The increasing demand from the developing economies are the major factors driving the global market for soy-based chemicals. The stringent regulations relating to the emission from fossil fuels is anticipated to be the key factor driving the global market. Moreover, the growing investment in the production of fossil fuel across the globe is expected to further add to the market for soy-based chemicals. Among the various application segment, biofuel segment closely followed by plastic and polymer sector are expected to show substantially growing during the assessed years. Regional Analysis The global soy-based chemicals are spanned across five key regions: Europe, Latin America, Asia Pacific, North America, and the Middle East & Africa. Among these, Asia Pacific is anticipated to be the fastest growing market with an