Soy-Based Chemicals Market Size

Soy Chemicals Market size was over USD 26.82 billion in 2023 and is anticipated to cross USD 67.84 billion by 2036, growing at more than 7.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of soy chemicals is assessed at USD 28.41 billion.

The chemical industry as a whole is witnessing a shift from petroleum-based products to bio-based products in response to events such as global warming. According to the statistics by the National Centers for Environmental Information (National Oceanic and Atmospheric Administration or NOAA), global land and ocean temperature anomalies increased from 0.73°C in the year 2010 to 0.95°C in the year 2019.