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Fermentation Chemicals Market By Product (Alcohol, Enzymes, Organic Acid & Others), Application (Industrial Applications, Food & Beverages, Nutritional & Pharmaceutical, Plastics & Fibres Market & Others) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

Fermentation technology has been a long favored biological process due to its simplicity of reaction, low costs, versatility of application and high specificity. Industries have complimented the basic principle of fermentation with advance in techniques and genetic engineering. This has led to high demand from various end use industries in the market. Fermentation chemicals are therefore used in wide range of industries which include chemical, leather, rubber and textile among others.

Alcohol industry is major consumer of fermentation chemicals. Beer, Wine and Spirits are the major products produced from fermentation chemicals. Among them beer is the largest selling alcohol. Therefore, high demand from the alcohol industry is expected to boost market demand for fermentation chemicals in 2016. Other product segments of fermentation chemical market which include enzymes and organic acid are also expected to boost demand for fermentation chemicals in the near future.

Industrial applications accounted for major share of global fermentation chemicals market in 2016. Fermentation chemicals are used on a large scale in industries such as chemicals, rubber and plastic among others. Therefore, high demands from these industries are driving the growth of global fermentation chemicals market in Asia Pacific and North America as compared to other regions worldwide. The major factors contributing to high demand of fermentation chemicals include growing demand from the cosmetic & pharmaceutical industry. Other applications such as plastic & fibers are also projected to fuel market growth of fermentation chemicals in the near future.

Fermentation chemicals market was valued at US$ 47.4 Bn in 2016 and is expected to reach US$ 66.0 Bn by 2022, growing at a CAGR of 5.6% during the forecast period 2016-2021.

 

Fermentation Chemicals Market

Purpose of the Report

The purpose of this strategic research study titled “Global Fermentation Chemicals Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global fermentation chemicals market.

Target Audience

  • Industry Investors
  • Fermentation Chemicals Providers/Vendors
  • Research Professionals
  • Emerging Companies
  • Raw Material Suppliers/ Buyers
  • Product Suppliers/ Buyers
  • Research Institutes

USP and Key Offerings

The report titled “Global Fermentation Chemicals Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” offers strategic insights into the global fermentation chemicals market along with the market size and estimates for the duration 2015 to 2022. The said research study covers in-depth analysis of multiple market segments based on applications, functions and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading fermentation chemicals vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

  • Current and future market trends to justify the forthcoming attractive markets within fermentation chemicals industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2013 – 2014)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global fermentation chemicals market, of growth, offering market size and estimates for the period from 2015 to 2022, keeping in mind the above mentioned factors.

On the basis of its application, the fermentation chemicals market is categorized into following segments:

  • Industrial Applications Market
  • Food & Beverages Market
  • Nutritional & Pharmaceutical Market
  • Plastics & Fibres Market
  • Others

Fermentation Chemicals Market 

Fermentation is a technology which has wide scope in various industries globally. Chemicals, pharmaceuticals, beverage, industrial and plastics are some of the industries which make use of fermentation technology on a large scale. Among the above mentioned industries, industrial applications accounted for larger share of global fermentation chemicals market. It accounts for 47% share of global fermentation chemicals market. High demand for fermentation chemicals from chemical, plastic, rubber, leather and textile industry has led to booming growth of fermentation chemicals market in 2016 and is anticipated to increase in the near future. Fermentation chemicals market is expected to experience high growth in the near future due to the rapid industrialization taking place in the emerging economies such as Asia Pacific. Food & beverages accounted to be the second largest market for fermentation chemicals worldwide. It accounted for more than 9.0% share of global fermentation chemicals market in 2016. Rising demand for food additives and animal food is the major factor driving the growth of fermentation chemicals market. Other application which include nutritional & pharmaceuticals, plastic and fibers, etc are also anticipated to boost market demand for fermentation chemicals during the forecast period from 2016 to 2022.

On the basis of geography, the global fermentation chemicals market is segmented into following categories,

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Russia
    • Others
  • Asia Pacific
    • China
    • India
    • South Korea
    • Others
  • Rest of the World (RoW)
    • MENA
    • Central & South America

 

Fermentation Chemicals Market

North America accounted for largest share of global fermentation chemicals market in 2016. Flourishing pharmaceuticals industry and rising demand in the industrial applications which include animal feed, food additives are expected to drive the demand for fermentation chemicals market in North America. U.S. is the major contributor for demand of fermentation chemicals among the countries in North America. Asia Pacific followed North America in terms of growth of fermentation chemicals market. Changing lifestyle of people in Asia Pacific is the major reason behind the growth of global fermentation chemicals market in the region. Increasing demand from the cosmetic industry is another factor contributing to the growth of fermentation chemicals market in Asia Pacific. Pharmaceutical proteins are produced using fermentation process. These proteins include blood proteins, antibodies, vaccines, etc. Hence high demand is experienced from the cosmetic and pharmaceutical industry. Other regions such as Europe and Rest of the World are also expected to boost market growth of Fermentation chemicals during the forecast period from 2016 to 2022.

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Published Date:  May 2016
Category:  Chemicals
Report ID:   57812
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
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