10th February 2020 – According to new research study available with Million Insights, market
report on Fermentation Chemicals is foretold to provide a robust
support for industry players to lay a solid foundation for their business
growth. It includes a comprehensive evaluation of the market’s growth status
and risk. In addition, it provides detail market variables, trends, key
opportunities, new entrants & competitors.
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.
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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.
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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