Varanasi News Magazine

The global fermentation chemicals market size is projected to reach USD 85.77 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.6% during the forecast period. Rapid industrialization in the BRICS nation is expected to remain a key growth driver.

Energy, plastics, pharmaceuticals, and food and beverage are some of the manufacturing sectors where fermentation chemicals are used widely. Rising demand for Polytrimethylene Terephthalate (PTT) acts as a major driver for rising product consumption in plastic manufacturing. PDO and lactic acid are anticipated to be the principal beneficiaries of this strong growth, though other fermentation chemicals are expected to benefit, as the market for biodegradable plastics expands.

Brazil, Russia, India, China, and South Africa (BRICS) has witnessed high production industrial growth, directly impacting demand for fermentation chemicals. These markets registered high industrial production growth over the period and remain one of the fastest-growing industrial regions across the globe. Major growth drivers for the manufacturing sector in these markets include favorable foreign investment norms, availability of large pool of skilled labor, and technological know-how.

To request a sample copy or view summary of this report, click the link below: 
https://www.grandviewresearch.com/industry-analysis/fermentation-chemicals-market

Further key findings from the report suggest:

• Alcohol was the largest product segment, with a market share of over 50% in 2018. Increase in use of alcohols in industry application is expected to trigger the demand

• Plastics and fibers is anticipated to witness the fastest CAGR of 5.6% from 2019 to 2025 owing to rising demand for bio-degradable plastics

• Using green chemistry to manufacture of fermentation chemicals is the most efficient and practical way of reducing greenhouse effect. The Environmental Protection Agency (EPA) and the European Union have established stringent regulations which are expected to positively propel the product demand due to its environment-friendly properties

• Germany was one of the major countries in Europe with a global market share of around 11% to 12% in 2018. The demand is driven by technological advancements in chemical manufacturing accompanied with an increasing focus on development of biodegradable plastics

• Some of the key players in the fermentation chemicals market include The Dow Chemical Company; Evonik Industry; Cargill Inc.; Archer Daniels Midland; BASF SE; DuPont Danisco A/S; and Ajinomoto.

Browse More Reports in Organic Chemicals Industry:

• Caprolactam Market: Rising demand for plastics in the construction, automotive, and electrical & electronics sectors is projected to be a key driver for the industry over the forecast years.

• Ammonium Nitrate Market: The increasing demand for the product in fertilizers as a nitrogen source is expected to propel the market growth. In addition, the product has high demand in explosive manufacturing as an oxidizing agent, which is expected to propel industry growth.

Grand View Research has segmented the global fermentation chemicals market on the basis of product, application, and region.

Fermentation Chemicals Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

• Alcohols

• Enzymes

• Organic Acid

• Others

Fermentation Chemicals Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

• Industrial

• Plastic & Fibers

• Pharmaceuticals and Nutritional

• Food and Beverages

• Others

Fermentation Chemicals Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

• North America

  • U.S

  • Canada

• Europe

  • Germany

  • France

  • U.K.

  • Italy

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Latin America

  • Brazil

• Middle East and Africa

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 126 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 4126 analysts and consultants, the company adds 121200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 600 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com