(Food-Beverage-News.Com, May 02, 2018 ) According to Publisher’s market research and analysis, the rising demand for biofuels will be one of the major factors that will have a positive impact on the global soy-based chemicals market during the forecast period. Factors such as reduction of carbon emission and elimination of increased reliance on fossil fuels drive the demand for biofuels. Moreover, agriculture-based countries such as India, China, and Brazil have shown high demand for biofuels due to the presence of wide areas for feedstock production. The governments of different countries such as US and Germany offer increased support for the utilization of biofuels to lower the dependence on imported crude oil. Such factors will increase the consumption of biofuels such as soy-based biodiesel during the forecast period. Our market research analysts predict that this market will grow at a CAGR of close to 8% by 2022.
Covered in this report The report covers the present scenario and the growth prospects of the global soy-based chemicals market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of soy-based chemicals.
The market is divided into the following segments based on geography: -Americas -APAC -EMEA
Publisher's report, Global Soy-based Chemicals Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Market driver -The rising demand for biofuels -For a full, detailed list, view our report
Market trend -Rising need for natural waxes in candle industry -For a full, detailed list, view our report
Key questions answered in this report -What will the market size be in 2022 and what will the growth rate be- -What are the key market trends- -What is driving this market- -What are the challenges to market growth- -Who are the key vendors in this market space-
