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.
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.
