The global fermentation chemicals market has been estimated at USD 56.11 billion in 2016 and is projected to reach USD 72.02 billion by 2021, growing at a CAGR of 5.12% during the forecast period, 2016 to 2021.
Fermentation chemicals serve as a processor or catalyst in a reaction and are used to speed up the reaction process. The growing demand from the alcohol industry, increasing expenditure on research in leading economies of the world, and the innovation in the pharmaceutical industries across various leading countries are expected to drive the market for fermentation chemicals, throughout the world. However, the market faces certain drawbacks with the availability of raw material and complexity in the manufacturing process leading to higher cost. These factors may act as a roadblock to the growth of the market.
The global fermentation chemicals market, by product type, is broadly segmented into alcohols (which is further divided into ethanol and other alcohols), organic acids, enzymes, and others. The increasing government support, with the implementation of new rules and regulations to build a greener industry, and the growing demand for bio-based feedstock in industrial biotechnology are opening a gateway to opportunities in the global fermentation chemicals market.
- AB Enzymes
- Ajinomoto Co., Inc.
- Amano Enzyme Inc.
- Archer Daniels Midland Co.
- BASF SE
- Cargill Inc.
- Chr. Hansen A/S
- Du Pont Danisco A/S
- Evonik Industries AG
- Hanwha Group
- MicroBiopharm Japan Co., Ltd.
- Novozymes A/S
- TCI Chemicals (India) Pvt. Ltd.
- Teva Pharmaceutical Industries Ltd.
The Dow Chemical Co.
Key Topics Covered:
2. Executive Summary
3. Fermentation Chemicals Market
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis (Market size, growth and forecast)
7. Competitive Landscape
8. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/kdgjdp/global