The global soy chemicals market is forecast to reach over US$13 bln by the year 2017, spurred by the anticipated high demand from bio-diesels market and growing adoption of alternative renewable sources of energy, as per Global Industry Analysts. In particular, the soy-derived chemicals such as soy-based foamed plastics, polyols, methyl soyate, fatty acids and waxes hold tremendous potential for future growth. Increase in petrochemical and crude oil prices, combined with rising environmental concerns generated several opportunities for sustainable/renewable raw materials. The scenario bodes well for the soybean and other chemicals made from sunflowers, corn, algae and other renewable sources. The US and Asia-Pacific constitute two of the largest markets for soy chemicals. In view of long-term growth potential, developing markets of Latin America and Asia-Pacific are projected to surge ahead at a CAGR of more than 9.0% through 2017. By end-use segment, the Biodiesel market displays dramatic expansion over the years and reigns as the largest end-user of soy chemicals. However, over the long-term, the Plastics segment is forecast to race ahead at the highest compounded rate of 8.5% during the analysis period.Soy-derived chemicals such as soy-based foamed plastics, polyols, methyl soyate, fatty acids and waxes hold tremendous potential for growth. The bio-diesel market is expected to support the growth of soy market consistently, despite the effect of bio-diesel on global food supplies and rising competition from alternative sources of feedstock. 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. In the soy chemicals category, methyl soyate is the most established market owing to its dominance in the bio-diesel sphere. The chemical is used as solvent in various other applications areas such as cleaning products and paint and coatings.