MEA Soy Chemicals Market: By Product Type (Soybean Oil Derivatives, Natural Extracts from Soybean, Refined Industrial Soybean Oil) By End User (Biodiesel, Bio plastics, Oleo Chemicals, Surfactants, Paints & Coatings, Printing Inks, Polyol & Thermoplastics, Elastomers & Rubbers, Plasticizer, Others), and Geography  

MEA Soy Chemicals Market size was valued at USD x million in 2023 and is poised to grow at a CAGR of x% from 2024 - 2030. The MEA soy chemicals market report gives comprehensive outlook on the soy chemicals market across the different countries of the MEA such as South Africa, GCC, Rest of MEA. The report on MEA soy chemicals market gives historical, current, and future market sizes (US$ Mn) based on product type, application, and country. This report studies MEA soy chemicals market dynamics elaborately to identify the current market trends and drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. In addition, the MEA soy chemicals market report includes competition analysis with a vividly illustrated competition dashboard to assess the market competition.    

Increase in petrochemical and crude oil prices in 2007-08 combined with rising environmental concerns generated several opportunities for sustainable/renewable raw materials. These factors suggest good prospects for soybeans-derived chemicals and create opportunities for the recently developed chemicals derived from sunflowers, corn, algae and other renewable sources. Market penetration of soy chemicals is likely to expand with continued hike in prices of petrochemicals and enhanced performance of soy chemicals over petrochemical-based materials. The health benefits as well as rising demand of natural ingredients for consumer products, including cosmetics is projected to bolster the market for natural extracts. Refined industrial soybean oil is projected to earn low revenues as the oil is used for saturated and declining application areas such as alkyd resins and newspaper inks.

Vendors are expected to focus on the formation of strategic collaborations and partnerships in order to gain momentum in the MEA soy chemicals market. Additionally, vendors in the market are expected to offer a rich, unique product portfolio in order to gain consumers and market shares. For instance, Archer Daniels Midland (ADM) and Cargill have reached an agreement to launch a joint venture to provide soybean meal and oil for customers in Egypt. The venture will own and operate the National Vegetable Oil Company soy crush facility in Borg Al-Arab along with related commercial and functional activities, including a separate Switzerland-based merchandising operation that will supply soybeans to the crush plant.