The
global Fermentation Chemicals Market is projected to grow at a significant CAGR
during the forecast period. The demand for fermentation chemical alone in the
U.S. is anticipated to double in 2019 as the companies are constantly seeking
out for chemicals resulting out of renewable sources of energy. Globally,
ethanol dominates the fermentation chemical demand that is primarily used in
production for reformulated gasoline. Demand for ethanol has doubled in recent
years and is anticipated to grow more.
Fermentation
chemicals market is driven by rise in demand for production fruit wine, alcohol
and alcoholic beverages. In addition, the market receives a significant
attention in the pharmaceutical, food and beverages, cosmetic and chemical
applications. Significant demand for acids in the plastics & fibers domain
leads in a positive market growth for the forecast period. Stringent
regulations and policy framework is likely to result in eco-friendly nature of
fermentation chemicals. Product segment for fermentation chemicals market
comprise organic acids, enzymes and alcohols. Application category for
fermentation chemicals industry entail food & beverages, industrial
application, pharmaceutical, nutritional, fibers and plastics.
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Fermentation
chemicals market is geographically segmented into North America, South America,
Europe, Asia-Pacific, Middle East and Africa. North America dominates the
market growth accounting for a higher share in the pharmaceutical industry and
emphasize as a green industry. It portrays a significant potential for growth
factor in the near future owing to rapid expansion in food & beverages,
plastics and pharmaceutical domain. Asia-Pacific regions are anticipated to
rise higher due to significant industrialization in emerging economies and
higher demand for ready to eat as well as bakery products.
The
key players profiled in the fermentation chemicals industry are BASF SE,
Ajinomoto Company, Enzyme Inc, The Dow Chemical Company, AB Enzymes, Archer
Daniels Midland Company, Cargill Inc, Du Pont Danisco A/S, Novozymes A/S,
Evonik Industries, AG Chr, Invista, Hansen A/S and LanzaTech.
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Global Fermentation Chemicals Product
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
• Organic acids
• Alcohols
• Enzymes
• Others
Global
Fermentation Chemicals Application Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2014 - 2024)
• Plastics & Fibers
• Industrial
• Pharmaceutical & Nutritional
• Food & Beverages
• Others
Global
Fermentation Chemicals Regional Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2014 - 2024)
• North America
• U.S.
• Europe
• Germany
• France
• UK
• Asia Pacific
• India
• Japan
• China
• Central & South America
• Middle East & Africa
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