Soy Chemicals
US industry forecasts for 2013 & 2018
| Publication Date | September 2009 |
|---|---|
| Publisher | Freedonia Group |
| Product Type | Report |
| Pages | 307 |
| ISBN Number | not applicable |
| Product Code | FED00490 |
Buy this product or for assistance call +44 20 7060 7474
Summary
US demand to grow 8% annually through 2013 US 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.
Key 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.
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.
Key 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.
Content
I. EXECUTIVE SUMMARYII. MARKET ENVIRONMENT
General
Macroeconomic Environment
Demographic Trends
Consumer Spending Outlook
Manufacturing Outlook
Motor Vehicle Overview
Soybean Processing Overview
Crude Soybean Products
Refined Soybean Products
Environmental & Regulatory Issues
Farm Bill
Genetically Modified Crops Debate
Pricing Trends
Pricing Patterns: Soybeans vs Crude Oil
Historical Market Trends
Foreign Trade
Soybeans
Crude Soy Products
Soy Chemicals
International Activity
III. PRODUCTS
General
Soybean Oil Derivatives
Methyl Soyate
Epoxidized Products
Waxes
Fatty Acids
Sucrose Esters
Polyols
Other Soybean Oil Derivatives
Natural Extracts
Vitamin E
Isoflavones
Lecithin
Other Natural Extracts
Refined Industrial Soybean Oil
Other Soy Chemicals
IV. MARKETS
General
Biodiesel
Biodiesel Industry Outlook
Soy Chemicals Demand
Foods & Beverages
Food & Beverage Industry Outlook
Soy Chemicals Demand
Demand by Product
Demand by Application
Plastics
Plastics Industry Outlook
Soy Chemicals Demand
Demand by Product & Application
Demand by Industry
Printing Inks & Toner
Printing Inks Industry Outlook
Soy Chemicals Demand
Cosmetics & Toiletries
Cosmetics & Toiletries Industry Outlook
Soy Chemicals Demand
Candles
Candles Industry Outlook
Soy Chemicals Demand
Other
Lubricants
Pharmaceuticals
Adhesives & Sealants
Paints & Coatings
All Other
V. INDUSTRY STRUCTURE
General
Market Share
Archer-Daniels-Midland
Ag Processing
Cargill
Other
Competitive Strategies
Cooperative Agreements
Manufacturing
Marketing
Distribution
Research & Development
Company Profiles
Acme-Hardesty Company
Ag Environmental Products LLC, see Ag Processing
Ag Processing Incorporated
Archer-Daniels-Midland Company
Arkema SA
Ashland Incorporated
BioBased Technologies LLC
Bunge Limited
Cara Plastics Incorporated
Cargill Incorporated
Chemtura Corporation
Chevron Phillips Chemical Company LLC
Cognis Deutschland GmbH & Company KG
Columbus Foods Company
Dow Chemical Company
DuPont (EI) de Nemours
Eco Safety Incorporated
Elevance Renewable Sciences Incorporated
Emery Oleochemicals LLC, see PTT Chemical Public
Ferro Corporation
Griffin Industries Incorporated
Hercules Incorporated, see Ashland
Lambent Technologies, see Petroferm
Louis Dreyfus SAS
Ohio Decorative Products Incorporated
Owensboro Grain Company
Petroferm Incorporated
Procter & Gamble Company
PTT Chemical Public Company Limited
Renewable Lubricants Incorporated
Solae LLC, see Bunge Limited and DuPont (EI)
de Nemours
Soy Technologies LLC
SoyaWax International Incorporated
Stepan Company
Urethane Soy Systems Company Incorporated
Vertec BioSolvents Incorporated
Woodbridge Foam Corporation
Additional Companies
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
Summary Table
SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Indicators
2 Population & Households
3 Personal Consumption Expenditures
4 Manufacturers' Shipments
5 Motor Vehicle Indicators
6 Soybean Processing Overview
7 Crude Soybean Product Demand
8 Refined Soy Product Demand
9 Selected Soybean Chemical Pricing Trends
10 Soy Chemicals Historical Market, 1998-2008
11 Soybean Supply & Demand
12 Crude Soy Supply & Demand
SECTION III -- PRODUCTS
1 Soy Chemicals Demand
2 Soybean Oil Derivatives Demand by Type
3 Methyl Soyate Demand
4 Epoxidized Products Demand
5 Waxes Demand
6 Fatty Acids Demand
7 Sucrose Esters Demand
8 Polyols Demand
9 Other Soybean Oil Derivatives Demand
10 Natural Extracts Demand by Type
11 Vitamin E Demand
12 Isoflavones Demand
13 Lecithin Demand
14 Other Natural Extracts Demand
15 Refined Industrial Soybean Oil Demand
16 Other Soy Chemicals Demand
SECTION IV -- MARKETS
1 Soy Chemicals Demand by Market
2 Biodiesel Supply & Demand
3 Biodiesel Market for Soy Chemicals
4 Food & Beverage Shipments
5 Food & Beverage Markets for Soy Chemicals
6 Food & Beverage Market: Soy Chemicals Demand
by Product
7 Food & Beverage Market: Soy Chemicals Demand
by Application
8 Plastics Industry Indicators
9 Plastics Market for Soy Chemicals
10 Plastics Market: Soy Chemicals Demand
by Product & Application
11 Plastics Market: Soy Chemicals Demand by Industry
12 Printing Inks Production
13 Printing Inks Market for Soy Chemicals
14 Cosmetics & Toiletries Shipments
15 Cosmetics & Toiletries Market for Soy Chemicals
16 Candle Shipments
17 Candle Market for Soy Chemicals
18 Other Markets for Soy Chemicals
19 Lubricant Markets for Soy Chemicals
20 Adhesives & Sealants Market for Soy Chemicals
SECTION V -- INDUSTRY STRUCTURE
1 US Soy Chemicals Sales by Company, 2008
2 Selected Cooperative Agreements
LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
1 Soybean Processing Overview
2 Pricing Comparison: Soybeans vs Crude Oil
3 Soy Chemicals Historical Market, 1998-2008
SECTION III -- PRODUCTS
1 Soy Chemicals Demand by Product, 2008
2 Soybean Oil Derivatives Demand by Type, 2008
3 Natural Extracts Demand by Type, 2008
SECTION IV -- MARKETS
1 Soy Chemicals Demand by Market, 2008
SECTION V-- INDUSTRY STRUCTURE
1 US Soy Chemicals Market Share, 2008
Delivery Details
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