Global fermentation chemicals market is expected to reach to USD 96.34 Billion by 2026 at a CAGR of 5.8% during the forecast period 2019-2026. Emerging demand from methanol and ethanol industry and growing research expenditure have altogether spurred the growth of the market.
Fermentation chemicals are defined as the chemicals which are used to speed up the fermentation process. They act as process initiators in an array of applications and play the role of catalysts or process-enhancing chemicals and thus, contribute in minimizing the manufacturing cost, chemical reaction time (fermentation time) as well as energy consumption, making the fermentation process more economically attractive. Due to their natural structure, low cost and productivity-enhancing features, fermentation chemicals find applications in a multiple of industries worldwide.
Global Fermentation Chemicals Market Key Findings:
All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.
The fermentation chemicals market is segmented on the basis of product and application
Regional Segmentation Analysis:
The regions analysed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. North America region dominated the global fermentation chemicals market with USD 26.01 Billion in 2018 where as the Asia Pacific region is growing rapidly in the market.
Global Fermentation Chemicals Market Competitive Analysis:
Key players in the fermentation chemicals market are Ajinomoto Company Incorporation, BASF SE, The Dow Chemical Company, AB Enzymes, Amano Enzyme Inc., Archer Daniels Midland Company, Cargill Incorporation, Du Pont Danisco A/S, Novozymes A/S, DSM, Evonik Industries AG, Chr. Hansen A/S, INVISTA, LanzaTech, and among others. For instance in 2019, Yeast and fermentation specialist Lesaffre acquired a majority stake in Italian company Gnosis, which specialises in the development, production and sale of fermentation ingredients for the food and nutraceutical industries.
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This study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2026. Fior Markets has segmented the global fermentation chemicals market on the basis of below mentioned segments:
Global Fermentation Chemicals Market, By Product:
Global Fermentation Chemicals Market, By Application:
Global Fermentation Chemicals Market, By Regions:
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