Transparency Market Research
is Published new Market Report “Fermentation Chemicals Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019"
which observes that the revenue generated by fermentation chemicals market was
USD 41,567.7 million in 2012 and is expected to reach USD 60,123.9 million by
2019, growing at a CAGR of 5.4% from 2013 to 2019. The global demand for
fermentation chemicals was 48,708.3 kilo tons in 2012.
Browse the full report with complete TOC at http://www.transparencymarketresearch.com/fermentation-chemicals.html
Fermentation chemicals are
mainly employed as process initiators in the manufacturing of wide variety of
chemicals. Industrial applications market is the largest application area for
fermentation chemicals followed by the food and beverages market. However,
nutritional and pharmaceutical, plastics and fibers are fast growing
applications of fermentation chemicals and are expected to gain a significant
market share over the next six years. Fermentation chemicals are mainly used as
alcohols, enzymes and organic acids. The strong global demand for alcohols is
the major driver for the growing consumption of fermentation chemicals.
Fermentation chemicals market is expected to grow at a CAGR of 4.3% from 2013
to 2019.
The industrial applications
segment dominates the demand for fermentation chemicals and accounted for 47.1%
of the global demand in 2012. Growing pharmaceuticals market in the U.S. and
rising consumption of alcohol across the globe were the major growth drivers
for fermentation chemicals. Another important market for fermentation chemicals
is food and beverages industry, which accounted for 20.4% share of the total
fermentation chemicals volume consumed in 2012. The growing demand for
alcohols, enzymes and organic acids in the food and beverages, nutritional and
pharmaceutical industries is expected to drive the global fermentation
chemicals market in the next six years.
The global fermentation
chemicals market is dominated by North America, which accounted for 33.9% of
global volumes consumed in 2012. Growth of fermentation chemicals market in
North America is principally driven by the rising consumption from the
pharmaceutical and food and beverages industry in the U.S. North America was
followed by Asia Pacific with 27.1% share in total volume consumption. The
saturation in the North American and European market has led the major player
players to focus on the highly attractive Asia Pacific market. The key players
in the fermentation chemicals market are Ajinomoto Company Incorporation, BASF
SE, Dow Chemical Company, Novozymes A/S, Cargill Incorporation, Evonik
Industries and Du Pont Danisco A/S among others.
Fermentation Chemicals Market - Product Segment Analysis:
- Alcohols
- Enzymes
- Organic Acids
- Others
Fermentation Chemicals Market - Application Segment Analysis:
- Industrial Applications
- Food and Beverages
- Nutritional and Pharmaceutical
- Plastics and Fibers
- Others
Fermentation Chemicals Market - Regional Analysis:
- North America
- Europe
- Asia Pacific
- Rest of the world
