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Methyl Soyate Market Size, share Trends, Leading Players, Growth Share and Forecast 2022-2030

Santosh Autade
Methyl Soyate Market  Size, share Trends, Leading Players, Growth Share and Forecast 2022-2030

Methyl soyate is a biobased solvent derived from soybean oil or from esters of soybean oil. It is also known as soy methyl ester. The combination of low toxicity and high solubility with other mixture makes it a viable alternative to other petrochemical-derived solvents. The global methyl soyate market report by Market Research Future (MRFR) looks at the main drivers, challenges, trends, and opportunities for the period of forecast period.

Market Analysis  

The global methyl soyate market is estimated to witness most lucrative growth in the coming years. This growth can be attributable to the high demand for the product across several key industries as a cleaner and solvents. Additionally, the other applications including car care, hand cleaner and sanitizer, and paint strippers are estimated to drive the growth of the global methyl soyate market. The methyl soyate is derived from the process of transesterification of soy oil esters. The product is mixture of chain fatty acid of methyl esters. It is manufactured from the cytosol process, which removes the spilled crude oil and inland spill sites. Thus, the adoption of methyl soyate is increasing as a cleaning agent and biodiesel across several end use industries, which is fueling growth of the global methyl soyate market.

Furthermore, the factor such as growing awareness about benefits of methyl soyate to be used as a bio solvent and increase in environmental concern among people are augmenting adoption of the bio-based products. This may result to the robust growth during the forecast period from 2016 to 2023. The increasing implication of the State Implementation Plans (SIP) in order to limit the VOCs from the products such as adhesives & sealants. These government limitations by the Environmental Protection Agency (EPA) of North America are estimated to provide a support for the bio-based solvents and cleaning agents and is propelling growth of the global methyl soyate market in the developed countries.

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 Also, the market is likely to expand on the back of rising demand for methyl soyate from industries such as public works, real estate, and building and construction. Moreover, the increasing need for the solvent with improved properties are augmenting investment in the research & developments (R&Ds) capabilities. This investment is likely to develop an additional feedstock and improvement in the manufacturing technologies. This factor is estimated to benefit the market growth by offering several key opportunities for growth in the coming years.

Key Players

 Notable players profiled in the methyl soyate market report include: 

Unicon Fibro Chemicals Pvt. Ltd. (India)

Vertec BioSolvents (US)

Florida Chemical Company (US)

Camco Chemical Co. Inc. (US)


Incorporated (US)

Stepan Company (US)

and BASF SE (Germany). Key players have incorporated specific strategies to stay head and shoulders above others in the competition

such as acquisitions



R&D activities


product innovations

and others.  


The global methyl soyate market is segmented on the basis of application and end use industry.

Based on the application, market is segmented into ink removal, de-greasers, paint stripper, hand cleaners, and others.

Based on end use industry, the market is segmented into printing inks, cosmetics & personal care, paints & coatings, industrial & domestic cleaning, and others. The industrial & domestic cleaning industry is expected to drive global market demand till 2023. This can be attributed to the use of the chemical in cytosol process will bode well for the segment.

Regional Analysis:

Regionally, the methyl soyate market is segmented into the Americas, Asia Pacific, Europe, and Middle East & Africa. Of these, North America is estimated to remain dominant in the global methyl soyate market in the coming period owing to the high demand for bio-based solvents. However, Asia Pacific is estimated to witness growth with a fastest CAGR owing to expanding the industries including industrial & domestic cleaning, paints & coatings, and cosmetic & personal care.

Increasing number of industries and expansion of key players across in the region is including the paints and coating and chemicals industries are boosting demand for the methyl soyate and in turn is driving growth of the global methyl soyate market. Additionally, the tremendous growth in demand for the methyl soyate owing to rising concerns about the environment and effects of chemical based solvents among people and consumers. This demand is likely to remain same in the countries such as India and China during the coming years to offer opportunities for growth during the coming years.

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 At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Edibles. 

MRFR team has the supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

 In order to stay updated with the technology and work process of the industry, MRFR often plans to conduct meet with the industry experts and industrial visits for its research analyst members.


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Santosh Autade
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