Global Methyl Soyate
Market Report
2025
The Global Methyl Soyate market size will be USD 175.9 million in 2025. Sustainable development and the increasing need for bio-based solvents are expected to boost sales to USD 302.22 million by 2033, with a Compound Annual Growth Rate (CAGR) of 7.00% from 2025 to 2033.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the Global Methyl Soyate market size will be USD 175.9 million in 2025. It will expand at a compound annual growth rate (CAGR) of 7.00% from 2025 to 2033.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Market Size | 121212 | 121212 | 121212 | 121212 | 121212 |
Country Market Size | 121212 | 121212 | 121212 | 121212 | 121212 |
North Americ Market Size | 121212 | 121212 | 121212 | 121212 | 121212 |
Europe Market Size | 121212 | 121212 | 121212 | 121212 | 121212 |
Asia Pacific Market Size | 121212 | 121212 | 121212 | 121212 | 121212 |
South America Market Size | 121212 | 121212 | 121212 | 121212 | 121212 |
Middle East and Africa Market Size | 121212 | 121212 | 121212 | 121212 | 121212 |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
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Methyl Soyate Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
An environmentally friendly substitute for chemicals based on petroleum is methyl soyate, a biodegradable solvent made from soybean oil. It is frequently used in applications like industrial cleaners, degreasers, paints, and coatings because of its non-toxic and environmentally beneficial qualities. The market for methyl soyate is expanding significantly as a result of stricter restrictions to reduce emissions of volatile organic compounds (VOCs) and growing environmental sustainability consciousness. Its acceptance is being fueled by the growing need for green solvents across a range of industries as well as developments in the synthesis of bio-based chemicals. Furthermore, methyl soyate is a preferred option because to its affordability and superior solvency qualities, which promote its growth in a variety of global markets.
Methyl soyate is a non-toxic and biodegradable solvent made from soybean oil that is in high demand due to the increased focus on sustainability and environmentally friendly activities. Methyl soyate is becoming more and more popular for use in cleaning solutions, paints, varnishes, and degreasers as businesses move toward more environmentally friendly options. Because of its low volatile organic compound (VOC) emissions, renewable source, and solvent efficacy, it is a better option than conventional solvents derived from petroleum. Its acceptance is further supported by legislative actions that encourage the decrease of environmental contaminants. Because soybean farming supports the goals of renewable resources, the agricultural industry also gains from this. The growing global need for sustainable solutions is a major factor driving the methyl soyate market's expansion.
The market for methyl soyate is expanding due to the growing demand for bio-based solvents in paints and coatings. As an environmentally acceptable substitute for conventional petroleum-based solvents, methyl soyate, which is made from renewable soybean oil, is becoming more and more well-liked. It is the perfect option for firms looking for environmentally friendly solutions because of its low toxicity, biodegradability, and minimal environmental impact. Its usefulness in paints and coatings is further increased by how well it dissolves pigments and resins. Strict environmental restrictions and rising consumer awareness of green products further increase demand. Bio-based solvents like methyl soyate are predicted to become more widely used as companies move toward sustainable practices, which will propel market expansion.
The scarcity of raw materials is a major barrier to the methyl soyate market's expansion. The main source of methyl soyate is soybean oil, which is dependent on soybean supply. The supply of soybean oil is directly impacted by elements like pest infestations, seasonal limitations, and varying crop yields brought on by erratic weather. Furthermore, the supply of raw materials for the synthesis of methyl soyate is constrained by heightened competition for soybeans in other sectors, such as food and feed. Price volatility might result from supply chains being further disrupted by trade restrictions and geopolitical concerns. By raising production costs and decreasing profitability, these issues collectively limit the methyl soyate market's capacity to grow steadily.
A major business potential is presented by the growing use of methyl soyate in agrochemicals. Because it is environmentally benign and biodegradable, methyl soyate, which is made from soybean oil, is a perfect substitute for petroleum-based solvents in the agrochemical sector. Their superior solvency and low toxicity improve the effectiveness and environmental sustainability of fertilizers, insecticides, and herbicides. Green and sustainable farming methods are becoming more and more important, which is driving up demand for bio-based solutions like methyl soyate. Further propelling its use are regulatory demands to lessen the environmental impact of chemicals, which establish methyl soyate as the go-to alternative for environmentally conscious agrochemical formulations.
The market for methyl soyate has tremendous potential because of the rising demand for solutions devoid of volatile organic compounds (VOCs). In line with the growing demand for sustainable and ecologically conscious products, methyl soyate, a biodegradable solvent made from soybean oil, provides a greener substitute for petroleum-based solvents. In order to meet strict environmental requirements and satisfy consumer desires for greener products, industries like paints, coatings, and cleaning agents are progressively implementing VOC-free solutions. Furthermore, methyl soyate is a great option for both home and commercial uses due to its non-toxic nature, efficient solubility, and biodegradability. The market for methyl soyate, a flexible and eco-friendly solvent, is expanding as a result of this move towards sustainable practices.
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The market for methyl soyate is extremely fragmented, with several domestic and international companies fighting for market dominance. To broaden their product offerings and increase their regional footprint, well-known businesses are implementing crucial tactics like joint ventures, partnerships, mergers and acquisitions, and product developments. To provide cutting-edge, customized solutions that satisfy the changing needs of sectors, these businesses are making significant investments in research and development. Other strategic actions include building new manufacturing facilities and streamlining supply chains to improve production efficiency and market response. By utilizing these programs, businesses want to improve their market position and take advantage of the rising demand for sustainable and environmentally friendly products around the world.
In July 2023, A joint venture between Bunge, Pan Ocean America, and Agtegra Cooperative, EGT, LLC, declared plans to almost triple the amount of soybean meal (SBM) storage capacity at its export terminal in Longview, Washington. The project, which is anticipated to be finished in the second quarter of 2025, also aims to enhance handling capabilities so that it can function more quickly, adaptably, and efficiently. (Source: https://bunge.com/Press-Releases/EGT-LLC-Announces-Investment-to-Expand-Capacity-of-Its-Export-Terminal ) In September 2021, Bunge North America, Inc., a subsidiary of Bunge Limited, and Chevron USA Inc., a subsidiary of Chevron Corporation, established a memorandum of understanding (MOU) for a potential 50/50 joint venture to help produce lower-carbon-intensity feedstocks and meet the demand for renewable fuels. (Source: https://www.bunge.com/Press-Releases/Chevron-Bunge-Announce-Proposed-Joint-Venture-to-Create-Renewable-Fuel-Feedstocks )
Top Companies Market Share in Methyl Soyate Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominates the Methyl Soyate market. This is due to rising consumer demand for sustainable and environmentally friendly products in North America. Industry use of biodegradable solvents like methyl soyate is being aided by strict restrictions limiting emissions of volatile organic compounds (VOCs) and growing environmental consciousness. A consistent supply of raw materials is guaranteed by the region's robust agricultural foundation, especially in the production of soybeans, which supports market expansion. Opportunities abound in industries where methyl soyate's non-toxic and potent solvent qualities are highly prized, such as industrial cleaning, paints, coatings, and adhesives. Furthermore, it is anticipated that continued research and development efforts will uncover novel applications, accelerating the North American market's growth trajectory.
Asia-Pacific is the fastest-growing region in the Methyl Soyate market. This is due to the growing industrialization and the need for environmentally acceptable solvents for paints, coatings, and cleaning products in Asia Pacific. Due to their strong manufacturing sectors, rapid economic expansion, and strict laws governing volatile organic compounds (VOCs), nations like China and India are dominating the industry. As companies transition to sustainable practices and methyl soyate gains popularity as a biodegradable and affordable substitute for petroleum-based solvents, the region presents substantial prospects. The market's growth prospects in Asia Pacific are further supported by government initiatives encouraging green solutions and growing investments in the development of bio-based products.
The current report Scope analyzes Methyl Soyate Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Methyl Soyate market size was estimated at USD 175.9 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 70.36 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2025 to 2033.
According to Cognitive Market Research, the US had a major share in the Methyl Soyate market with a market size of USD 55.51 million in 2025 and is projected to grow at a CAGR of 5.0% during the forecast period. Eco-friendly solvents like methyl soyate are in high demand in the US due to strict environmental restrictions, including VOC emission limitations.
The Canada Methyl Soyate market had a market share of USD 8.44 million in 2025 and is projected to grow at a CAGR of 6.0% during the forecast period. Canada's increasing green economy and emphasis on environmental sustainability are driving firms to use biodegradable and VOC-free products.
The Mexico Methyl Soyate market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 6.40 million in 2025..
According to Cognitive Market Research, the global Methyl Soyate market size was estimated at USD 175.9 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 52.77 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2025 to 2033.
The United Kingdom Methyl Soyate market had a market share of USD 8.87 million in 2025 and is projected to grow at a CAGR of 6.3% during the forecast period. The usage of sustainable solvents has increased as a result of the UK's emphasis on cutting carbon emissions and moving toward a circular economy.
The France Methyl Soyate market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 4.85 million in 2025.
According to Cognitive Market Research, the German Methyl Soyate market size was valued at USD 10.45 million in 2025 and is projected to grow at a CAGR of 5.7% during the forecast period. Germany's stern environmental regulations and dedication to sustainable manufacturing and consumer goods are important motivators.
The Italy Methyl Soyate market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 4.54 million in 2025.
The Russia Methyl Soyate market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 8.18 million in 2025
The Spain Methyl Soyate market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 4.33 million in 2025
The Luxembourg Methyl Soyate market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 1.64 million in 2025.
The Portugal Methyl Soyate market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 1.11 million in 2025
The Greece Methyl Soyate market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 0.63 million in 2025.
The Rest of Europe's Methyl Soyate market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 8.18 million in 2025.
According to Cognitive Market Research, the global Methyl Soyate market size was estimated at USD 175.9 Million, out of which Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 40.46 million in 2025 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2025 to 2033.
According to Cognitive Market Research, the China Methyl Soyate market size was valued at USD 16.99 million in 2025 and is projected to grow at a CAGR of 8.5% during the forecast period. The demand for methyl soyate is driven by China's fast industrial development and government-led programs for more environmentally friendly production techniques.
The Japan Methyl Soyate market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 5.58 million in 2025
The India Methyl Soyate market had a market share of USD 4.85 million in 2025 and is projected to grow at a CAGR of 10.8% during the forecast period. The rising demand for eco-friendly products and the increased emphasis on sustainable production methods are important considerations in India.
The South Korean Methyl Soyate market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 4.05 million in 2025
The Australian Methyl Soyate market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 2.10 million in 2025
The South East Asia Methyl Soyate market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 2.79 million in 2025.
The Rest of Asia Pacific Methyl Soyate market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 2.79 million in 2025.
According to Cognitive Market Research, the global Methyl Soyate market size was estimated at USD 175.9 Million, out of which Latin America held a market share of around 5% of the global revenue with a market size of USD 8.80 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2025 to 2033.
According to Cognitive Market Research, the Brazil Methyl Soyate market size was valued at USD 3.76 million in 2025 and is projected to grow at a CAGR of 7.0% during the forecast period. Brazil has a competitive edge in supplying methyl soyate because it is one of the biggest producers of soybeans.
Argentina's Methyl Soyate market had a market share of USD 1.48 million in 2025 and is projected to grow at a CAGR of 7.3% during the forecast period. Methyl soyate is readily available locally in Argentina because of the country's abundant soybean output.
Colombia Methyl Soyate market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 0.78 million in 2025
Peru Methyl Soyate market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 0.72 million in 2025.
Chile Methyl Soyate market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 0.63 million in 2025
The Rest of Latin America's Methyl Soyate market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 1.42 million in 2025.
According to Cognitive Market Research, the global Methyl Soyate market size was estimated at USD 175.9 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 3.52 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2025 to 2033..
The GCC Countries Methyl Soyate market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 1.51 million in 2025. The nations of the Gulf Cooperation Council (GCC) are supporting sustainable technology and diversifying their economies away from oil.
The Egypt Methyl Soyate market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 0.37 million in 2025.
The South African methyl Soyate market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 0.56 million in 2025. The need for methyl soyate in South Africa is driven by the mining, automotive, and cleaning sectors' desire for eco-friendly solutions.
The Turkey Methyl Soyate market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 0.30 million in 2025.
The Nigeria Methyl Soyate market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 0.37 million in 2025.
The Rest of the MEA Methyl Soyate market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 0.42 million in 2025
Global Methyl Soyate Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Methyl Soyate Industry growth. Methyl Soyate market has been segmented with the help of its Application Outlook:, End-use Outlook: , and others. Methyl Soyate market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Methyl Soyate Market?
According to Cognitive Market Research, the dominant segment in the Methyl Soyate Market is Biodiesel. The market for methyl soyate is expanding dramatically due to the growing demand for biodiesel. Methyl soyate is a vital component of biodiesel, which is made from soybean oil and provides a sustainable and environmentally friendly substitute for fossil fuels. The adoption of biodiesel is being fueled by the need for greener energy sources and stricter laws governing greenhouse gas emissions in a number of industries, including power generation and transportation. Furthermore, government policies and incentives that encourage the use of biodiesel increase demand for it. Because of its excellent biodegradability and low toxicity, methyl soyate is a great option that will only increase its share of the global biodiesel industry.
The fastest-growing segment in the Methyl Soyate Market is the Industrial Solvents. The market for methyl soyate is mostly driven by the rising need for industrial solvents as businesses look for more environmentally friendly and biodegradable substitutes for conventional solvents made of petroleum. Methyl soyate is perfect for use in cleaning agents, degreasers, and coatings because of its superior solvency, low toxicity, and eco-friendly qualities. Methyl soyate is being used by the automotive, manufacturing, and chemical industries to lower emissions of volatile organic compounds (VOCs) and adhere to strict environmental standards. Its affordability and adaptability increase its allure even further, encouraging its use in a variety of industrial settings and establishing it as a key element in the shift to more environmentally friendly industrial operations.
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According to Cognitive Market Research, the dominant segment in the Methyl Soyate Market based on End-use is Cosmetics & Personal Care. Because of its safety and environmentally friendly qualities, methyl soyate, a biodegradable and non-toxic solvent, is being utilized more and more in skincare, haircare, and other personal care product compositions. It works perfectly in creams, lotions, and cleansers because of its capacity to dissolve oils and active substances. Adoption has been further accelerated by the move towards green and sustainable products, which is being driven by consumer preferences and governmental requirements. Methyl soyate is being used by cosmetics manufacturers to comply with clean-label regulations and high environmental requirements.
The fastest-growing segment in the Methyl Soyate Market, based on End-use, is Paints & Coatings. As a biodegradable solvent that successfully lowers volatile organic compound (VOC) emissions, methyl soyate, which is made from soybean oil, is becoming more and more well-liked. It is the perfect substitute for conventional petroleum-based solvents due to its superior solvency, low toxicity, and environmental advantages. Methyl soyate is becoming more and more popular among paint and coatings makers because to mounting regulatory pressure and consumer demand for eco-friendly goods. The market is seeing a lot of opportunities as a result of this change, especially in applications for protective coatings, architecture, and industry.
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Conclusion
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Disclaimer:
Application Outlook: | Biodiesel, Industrial Solvents, Degreasers, Ink Removal, Paint Strippers, Others |
End-use Outlook: | Paints & Coatings, Cosmetics & Personal Care, Printing Inks, Industrial & Domestic Cleaning, Others |
List of Competitors | BASF SE, Stepan Company, Cargill, Krishi Oils Ltd., Exen Chem, Kedia Organic Chemicals Pvt Ltd, Camco Chemical Co. Inc., Florida Chemical Company, Vertec BioSolvents, Unicon Fibro Chemicals Pvt. Ltd., Archer Daniels Midland, Bunge |
This chapter will help you gain GLOBAL Market Analysis of Methyl Soyate. Further deep in this chapter, you will be able to review Global Methyl Soyate Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Methyl Soyate. Further deep in this chapter, you will be able to review North America Methyl Soyate Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Methyl Soyate. Further deep in this chapter, you will be able to review Europe Methyl Soyate Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Methyl Soyate. Further deep in this chapter, you will be able to review Asia Pacific Methyl Soyate Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Methyl Soyate. Further deep in this chapter, you will be able to review South America Methyl Soyate Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Methyl Soyate. Further deep in this chapter, you will be able to review Middle East and Africa Methyl Soyate Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Methyl Soyate. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Application Outlook: Analysis 2019 -2031, will provide market size split by Application Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Application Outlook: Analysis 2021 - 2033
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Chapter 11 Market Split by End-use Outlook: Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Methyl Soyate market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Biodiesel have a significant impact on Methyl Soyate market? |
What are the key factors affecting the Biodiesel and Industrial Solvents of Methyl Soyate Market? |
What is the CAGR/Growth Rate of Paints & Coatings during the forecast period? |
By type, which segment accounted for largest share of the global Methyl Soyate Market? |
Which region is expected to dominate the global Methyl Soyate Market within the forecast period? |
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