LONDON--(BUSINESS WIRE)--Technavio has been monitoring the farnesene market and it is poised to grow by 45.23 K MT during 2020-2024, progressing at a CAGR of almost 27% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
What was the size of the farnesene market in 2019?
A. As per Technavio, the global market size was 20.02 K MT in 2019.
Based on segmentation by application, which is the leading segment in the market?
What is the key factor driving the market?
A. Increased adoption of bio-based lubricants.
At what rate is the market projected to grow?
A. The market is projected to grow at a CAGR of almost 27% during 2020-2024.
Who are the top players in the market?
A. Amryis Inc., Bedoukian Research Inc., Katyani Exports, Penta Manufacturing Co. LLC, Precigen Inc., Santa Cruz Biotechnology Inc., Synerzine Inc., Tate & Lyle Plc, Toronto Research Chemicals Inc., and Triveni Chemicals Pvt. Ltd. are the key players in the market.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Amryis Inc., Bedoukian Research Inc., Katyani Exports, Penta Manufacturing Co. LLC, Precigen Inc., Santa Cruz Biotechnology Inc., Synerzine Inc., Tate & Lyle Plc, Toronto Research Chemicals Inc., and Triveni Chemicals Pvt. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The increased adoption of bio-based lubricants has been instrumental in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Farnesene Market 2020-2024: Segmentation
Farnesene Market is segmented as below:
- Flavor And Fragrances
- Performance Materials
- North America
- South America
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Farnesene Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The farnesene market report covers the following areas:
- Farnesene Market Size
- Farnesene Market Trends
- Farnesene Market Industry Analysis
This study identifies the usage of farnesene in cosmetics, surfactants, and emulsifiers as one of the prime reasons driving the farnesene market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Farnesene Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist farnesene market growth during the next five years
- Estimation of the farnesene market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the farnesene market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of farnesene market, vendors
Table of Contents:
- Market Overview
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application by Volume
- Market segments
- Comparison by Application by volume
- Cosmetics - Market size and forecast 2019-2024
- Flavor and fragrances - Market size and forecast 2019-2024
- Performance materials - Market size and forecast 2019-2024
- Lubricants - Market size and forecast 2019-2024
- Market opportunity by Application by volume
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Market challenges
- Market trends
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Amryis Inc.
- Bedoukian Research Inc.
- Katyani Exports
- Penta Manufacturing Co. LLC
- Precigen Inc.
- Santa Cruz Biotechnology Inc.
- Synerzine Inc.
- Tate & Lyle Plc
- Toronto Research Chemicals Inc.
- Triveni Chemicals Pvt. Ltd.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.