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Soy ChemicalsPublished by: Freedonia Group Inc Published: Aug. 1, 2009 - 307 Pages Table of ContentsKey biodiesel outlet to slow as producers diversify During the past decade, biodiesel has gone from barely existing as an outlet for soy chemicals to the single largest market in 2008. Demand for methyl soyate in biodiesel is driven by environmental concerns, and government incentives to find renewable resources and an alternative fuel. While biodiesel will continue to provide opportunities for soy chemicals, demand will begin to slow as biodiesel producers diversify into other renewable feedstocks to reduce dependency on one particular product. Smaller volume industrial markets to grow the fastest Among other industrial end uses, more favorable opportunities will arise in relatively smaller volume markets, such as adhesives, lubricants and consumer wax. In these market, soy chemicals demand will be driven by environmental concerns and the development of improved products; for example, soy protein flour can be utilized in the production of wood adhesives. Industrial lubricant applications for soy chemicals (e.g., industrial soybean oil) include the manufacture of greases, metalworking fluids and transformer oils. In consumer wax applications, soy waxes are rapidly penetrating the commercial candle market due to their clean burn and ability to hold a high fragrance loading. Study coverage This new Freedonia industry study, Soy Chemicals, is priced at $4700. It presents historical data (1998, 2003, 2008) plus forecasts for 2013 and 2018 by product (e.g., epoxidized soybean oil, glycerine, industrial soybean oil, lecithin, methyl soyate, polyols, proteins, sucrose esters, isoflavones, vitamin E, waxes) and by market (e.g., biodiesel, consumer wax products, paints and coatings, food and beverages, cosmetics and toiletries, pharmaceuticals, plastics and rubber, printing inks). In addition, market share is provided for leading soy chemical suppliers, along with an overview of merger and acquisition activity, competitive strategies, regulatory issues and the macroeconomy. Profiles of 26 soy chemical producers, such as Cargill, Archer-Daniels-Midland and Ag Processing, are also included. AbstractUS demand to grow 8% annually through 2013US demand for soy chemicals is forecast to increase eight percent per year to $3.5 billion in 2013. Historically, soy has been consumed primarily in the food market as an ingredient or additive. In this application, soy proteins are widely used to contribute desirable appearance and textural properties. As an added bonus, soy ingredients enhance the nutritional profile of foods by boosting the protein content. Industrial markets for soy ingredients to emerge While soy ingredients will continue to penetrate the food and beverage industry, industrial markets (e.g., biodiesel, paints and lubricants) will also emerge. Growth in industrial markets will be the result of continued intense research and development activities among soy industry participants, and a growing desire by government and business to reduce dependence on imports of crude oil. Utilization of a renewable resource and a favorable environmental profile are factors promoting the development and use of soy-based industrial products. Historically, soy chemicals were used sparingly throughout industrial markets, as they faced a significant cost disadvantage compared to petroleum-based alternatives, which benefitted from low and stable pricing during much of the 1990s. While support from both government and business to reduce US reliance on imports of crude oil initiated interest for soy chemicals in industrial markets, another boost to the soy industry came from significant increases in petroleum pricing during the middle part of this decade, when manufacturers quickly became interested in finding reasonably priced petroleum alternatives. Please Note: Freedonia requires that, for PDF orders, clients sign a confidentiality agreement prior to fulfillment of PDF email delivery. Get Full Details About This Report >> |
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