banner ad

Soy chemicals market to grow to $13B by 2017: report

| July 19, 2011

In England, companiesandmarkets.com announced a new report forecasting that the global soy chemicals market will reach over $13 billion by the year 2017, spurred by the anticipated high demand from bio-diesels market and growing adoption of alternative renewable sources of energy.

In particular, the soy-derived chemicals such as soy-based foamed plastics, polyols, methyl soyate, fatty acids and waxes hold tremendous potential for future growth.  The report further states that increases in petrochemical and crude oil prices, combined with rising environmental concerns generated several opportunities for sustainable/renewable raw materials.

Print Friendly


Tags: ,

Category: Chems & Materials

Comments (0)

Trackback URL | Comments RSS Feed

There are no comments yet. Why not be the first to speak your mind.

Comments are closed.