Market Overview
- The Global Fermentation Chemicals Market is expected to grow at a CAGR of 5.5% during the forecasting period (2020-2027).
- Fermentation chemicals are used as a processor and catalyst in many industrial reactions, thereby saving time and costs. These chemicals such as ethanol and other alcohols find wide applicability as fuel in vehicles, fuel additive in gasoline, alcoholic beverages, personal care products, and paints and coatings.
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Market Dynamics:
- The market growth is influenced by technological development and up-gradation of existing machinery in attempts to increase annual productivity and optimize processing operational flow throughout the forecast period. For instance, in November 2016, Evonik Industries will acquire Metabolic Explore’s technology for producing the amino acid methionine via fermentation for USD 50.92 million. Under the terms of the agreement, Evonik gains the entire technology portfolio as well as patents, bacteria strains, and the brand name in.
- In April 2015 – Cargill has acquired Colorado-based OPX Biotechnologies’ proprietary fermentation-based processes and systems. These technologies are used to produce bio-based chemicals from sugars for use in non-food applications such as lubricants, detergents, plastics, agrochemicals, and personal care products.
- However, market growth is severely affected by raw materials availability and high manufacturing costs.
Market Segmentation Analysis
- Global fermentation chemicals market is segmented based on application into alcohols, enzymes, organic acids, and others.
- Among all these product types, Alcohol dominates the fermentation chemical market in terms of production and consumption. According to the data from DrugRehab.com in 2018, Alcohol consumption is more common than the use of tobacco or any illicit drug, including marijuana. About a quarter of Americans try alcohol before age 18, and more than three-quarters of adults try alcohol by age 25.
- Currently, 136.7 million Americans ages 12 and older drink alcohol, 2.3 million youths ages 12 to 17 drink alcohol, 65.3 million people ages 12 and older binge drink, 16.3 million people ages 12 and older drink heavily, 85 percent of adults have used alcohol during their lifetime, According to the National Survey on Drug Use and Health Survey in 2017.
Market Geographical Analysis
- By region, the global fermentation chemicals market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, Europe dominated the global fermentation chemicals market due to the highest consumption of alcohol by all age groups. Also, the rising production of alcohol and an increase in the number of consumers of alcohol globally have further propelled the demand for the fermentation chemicals market.
- People in the European Union consume more alcohol than in any other part of the world, drinking an average of 8.71 liters, or around 25 beer-sized glasses of pure alcohol, per person a year, according to the latest European health report from the World Health Organization in 2018. Also, Alcohol is consumed by more than half of the population in only three WHO regions – the European Region (EUR) (59.9% of current drinkers), the Region of the Americas (AMR) (54.1%) and the Western Pacific Region (WPR) (53.8%). The significant increase in the alcohol industry can be attributed to the market growth of the global fermentation chemical market. Also, Alcohol is consumed by more than half of the population in only three WHO regions – the European Region (EUR) (59.9% of current drinkers), the Region of the Americas (AMR) (54.1%) and the Western Pacific Region (WPR) (53.8%).
- Further, Germany was one of the major countries in Europe with a market share of around XX% in 2018. The demand is boosted by technological advancements in chemical manufacturing coupled with an increasing emphasis on developing biodegradable plastics
Market Competitive Analysis
- Global fermentation chemicals market is fragmented with the presence of many local and international players. The versatility in product features and opportunities for market growth through new product launches is poised to intensify competitiveness among companies.
- The companies are focused on mergers and acquisitions to increase fermentation chemicals demand across specific applications.
- For instance, April 2015 – Cargill has acquired Colorado-based OPX Biotechnologies’ proprietary fermentation-based processes and systems. These technologies are used to produce bio-based chemicals from sugars for use in non-food applications such as lubricants, detergents, plastics, agrochemicals, and personal care products.
- The companies are focused on collaborations and strategic partnerships to increase the processing volume of products.
- In June 2017, German specialty chemicals firm Evonik has made the amino acid L-lysine at this facility in Blair. Evonik and a partner will now spend $200 million to locate a new plant adjacent to this one, where they will make omega-3 fatty acids for animal food.
- The companies also focused on investment to increase its production facility around the globe. For instance, in December 2016, Cargill Incorporated and Calysta Inc, along with several third-party institutions have planned to invest in the creation of the world’s largest gas fermentation facility in Memphis, US, to produce Calysta’s Feed Kind protein, a family of sustainable, traceable nutritional ingredients for fish, livestock and pets.
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The Global Fermentation Chemicals Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.DriversGrowing production of steroids and antibiotics owing to rising expenditure on developing effective medicinesSignificant reduction in time, as well as cost due to the employment of fermentation chemicals as catalystsGrowing demand for bio-based feedstock in industrial biotechnologyHuge demand for fermentation chemicals for ethanol & methanol production to satisfy demand from various industrial and chemical applicationsStringent regulations from EPA, European Union, etc.
will influence the fermentation chemicals marketIncreasing enzymes demand from various industrial applications such as paper, personal care and starchRestraintsFluctuating production due to intermittent supply of raw materials such as nutrients, microorganismsComplexity in the manufacturing process in addition to high production costThe report offers a value chain analysis that gives a comprehensive outlook of the fermentation chemicals market.
The attractiveness analysis of this market has also been included so as to evaluate the segments that are anticipated to be profitable during the forecast period.Browse the complete Global Fermentation Chemicals Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/158-fermentation-chemicals-market-reportThe report also studies the competitive landscape of the global market with company profiles of players such as:BASF SEChr.
Hansen A/SAB EnzymesDSMAjinomoto Company IncorporationDuPont Danisco A/SAmano Enzyme Inc.Evonik Industries AGThe Dow Chemical CompanyCargill IncorporationArcher Daniels Midland CompanyNovozymes A/SSEGMENTATIONS IN REPORT:Fermentation chemicals Market Analysis by Product:Organic AcidsAlcoholsEnzymesOthersFermentation chemicals Market Analysis by Applications:Plastics & FibersIndustrialPharmaceutical & NutritionalFood & BeveragesOthersFermentation chemicals Market Analysis by Geography:North AmericaEuropeAsia PacificLatin AmericaMiddle East And AfricaDownload Free Sample Report of Global Fermentation Chemicals Market @ https://www.decisiondatabases.com/contact/download-sample-158The Global Fermentation Chemicals Market has been exhibited in detail in the following chapters –Chapter 1 Fermentation Chemicals Market PrefaceChapter 2 Executive SummaryChapter 3 Fermentation Chemicals Industry AnalysisChapter 4 Fermentation Chemicals Market Value Chain AnalysisChapter 5 Fermentation Chemicals Market Analysis By ProductChapter 6 Fermentation Chemicals Market Analysis By ApplicationsChapter 7 Fermentation Chemicals Market Analysis By GeographyChapter 8 Competitive Landscape Of Fermentation Chemicals CompaniesChapter 9 Company Profiles Of Fermentation Chemicals IndustryPurchase the complete Global Fermentation Chemicals Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-158Other Reports by DecisionDatabases.com:Global Biobased Platform Chemicals Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Cosmetic Chemicals Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Specialty Chemicals Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
Fermentation Chemicals market is segmented by Type, and by Application.
Players, stakeholders, and other participants in the global Fermentation Chemicals market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2015-2026.
Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-fermentation-chemicals-2026-512Segment by Type, the Fermentation Chemicals market is segmented intoAlcoholsEnzymesOrganic AcidsSegment by Application, the Fermentation Chemicals market is segmented intoIndustrialFood & BeveragesNutritional & PharmaceuticalsPlastics & FibersRegional and Country-level AnalysisThe Fermentation Chemicals market is analysed and market size information is provided by regions (countries).The key regions covered in the Fermentation Chemicals market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Fermentation Chemicals Market Share AnalysisFermentation Chemicals market competitive landscape provides details and data information by players.
