Global fermentation chemicals market segmentation by product and application
Technavio’s report on the global fermentation chemicals market analyses the business dimensions and presents a comprehensive breakdown in terms of market segmentation by product which includes alcohols, organic acids, and enzymes. As projected in 2016, approximately 54% of the market share originated from alcohols in the product segment. The rising use of alcohols as fuels, with increasing application in food and beverage industry is expected to drive the market during the forecast period.
“Some commonly used alcohols are ethanol, methanol, butyl alcohol, fatty alcohol, acetone, and isopropyl alcohol. One of the most important types of alcohol is ethanol and it is commonly used for alcoholic drinks, paint, coatings, and varnish applications,” says Mohd Shakeel Iqbal, a lead analyst at Technavio for specialty chemicals research.
Based on application the market has been segment into industrial, food and beverage, pharmaceutical and nutritional, and plastics and fibers. Industrial and food and beverages are the key application segments for the fermentation chemicals market. The growing consumption of fermentation chemicals in personal care and consumer goods applications will boost the fermentation chemicals market during the forecast period.
Avail Technavio’s Year-End Special offer: Get 50% off on this report and all other reports covering industries like ICT; energy; food and beverage; healthcare and life sciences; automotive; industrial automation; education; and many more. Offer valid only from Dec 18 – Jan 7.
Fermentation chemicals market: competitive vendor landscape
The global fermentation chemicals market is competitive and consists of a considerable number of key vendors globally and regionally, along with sizeable local players. The market is dominated by large vendors such as AJINOMOTO, Archer Daniels Midland, BASF, Cargill, Evonik Industries, and the Dow Chemical Company. These vendors have a vast geographical presence with large manufacturing facilities.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Other topics covered in the report:
- Rising need for renewable and clean fuel
- Growing consumption of food enzymes in beverages
- Fall in crude oil prices
- Availability of feedstock
- Emerging use of enzymes in nutraceuticals
- Alternative to conventional transportation fuels
Get a sample copy of the global fermentation chemicals market report free of cost.
Access Technavio’s continuously growing specialty chemicals research library and find expert analysis on hundreds of markets.
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 10,000 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.
If you are interested in more information, please contact our media team at [email protected].
Powered by WPeMatico