The global fermentation chemicals market has been estimated at USD 56.11 billion in 2016 and is projected to reach USD 72.02 billion by 2021, growing at a CAGR of 5.12% during the forecast period, 2016 to 2021.
Fermentation chemicals serve as a processor or catalyst in a reaction and are used to speed up the reaction process. The growing demand from the alcohol industry, increasing expenditure on research in leading economies of the world, and the innovation in the pharmaceutical industries across various leading countries are expected to drive the market for fermentation chemicals, throughout the world. However, the market faces certain drawbacks with the availability of raw material and complexity in the manufacturing process leading to higher cost. These factors may act as a roadblock to the growth of the market.
The global fermentation chemicals market has been segmented by application into industrial, food & beverage, pharmaceutical & nutritional, plastics & fibers, and other applications. In 2015, the industrial application segment accounted for more than 45% of the global fermentation chemicals market, regarding value.
The global fermentation chemicals market, by product type, is broadly segmented into alcohols (which is further divided into ethanol and other alcohols), organic acids, enzymes, and others. The increasing government support, with the implementation of new rules and regulations to build a greener industry, and the growing demand for bio-based feedstock in industrial biotechnology are opening a gateway to opportunities in the global fermentation chemicals market.
The market has been geographically segmented into Asia-Pacific, North America, Europe, South America, and the Middle East & Africa. North America has the highest share in the market, accounting for around 35% of the global market share. The market for North America is highly driven by the pharmaceutical industry and its growing focus to turn itself into a green industry, especially in the United States. Asia-Pacific is the fastest-growing region for fermentation chemicals and portrays a huge potential for growth in the future, owing to the immense expansion in the food & beverage, pharmaceutical, and plastic markets.
Opportunities and Major Players
The increasing adoption of fermentation chemicals, due to their affordability, better output, contribution to time-saving in the production process, and the accelerating growth in industrial applications across the world are expected to offer numerous opportunities for the growth of the global fermentation chemicals market. Globally, there are around XX suppliers competing in the sector, with the top 10 suppliers accounting for almost XX% of the overall market.
Some of the major companies dominating this market for its products, services, and continuous product development, include:
- Cargill Inc.
- BASF SE
- Chr. Hansen A/S
- Evonik Industries AG
- Novozymes A/S
- The Dow Chemical Co.
Key Deliverables in the Study:
- Market analysis for the global fermentation chemicals market, with region-specific assessments and competition analysis on a global and regional scale.
- Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
- Extensively researched competitive landscape section with profiles of major companies along with their market share.
- Identification and analysis of the macro and micro factors that affect the global fermentation chemicals market on both, global and regional scales.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
- Insights on the major countries/regions where this industry is growing and identify the regions that are still untapped.
Table of Contents
- 1.1 Description
- 1.2 Research Methodology
- 1.3 Scope of the Report
2. Executive Summary
3. Fermentation Chemicals Market
- 3.1 Industry Value Chain Analysis
- 3.2 Industry Attractiveness - Porter's Five Force Analysis
- 3.2.1 Bargaining Power of Suppliers
- 3.2.2 Bargaining Power of Consumers
- 3.2.3 Threat of New Entrants
- 3.2.4 Threat of Substitute Products and Services
- 3.2.5 Degree of Competition
4. Market Dynamics
- 4.1 Drivers
- 4.1.1 Growing Demand from Methanol and Ethanol Industry
- 4.1.2 Increasing Research Expenditure in North America And Europe
- 4.1.3 Driving Innovation of the Pharmaceutical Industry in Leading Countries
- 4.2 Constraints
- 4.2.1 Availability of Raw Material
- 4.2.2 Increasing Cost Due to the Complexity Involved in the Manufacturing Process
- 4.3 Opportunities
- 4.3.1 Evolving Green Industry
- 4.3.2 Increasing Demand for Bio-Based Feedstock in Industrial Biotechnology
5. Market Segmentation and Analysis
- 5.1 Fermentation Chimicals Market by Product Type
- 5.1.1 Alcohols
- 22.214.171.124 Ethanol
- 126.96.36.199 Other Alcohols
- 5.1.2 Organic Acids
- 5.1.3 Enzymes
- 5.1.4 Others
- 5.2 By Application
- 5.2.1 Industrial
- 5.2.2 Food & Beverage
- 5.2.3 Pharmaceutical & Nutritional
- 5.2.4 Plastics & Fibers
- 5.2.5 Others
6. Regional Market Analysis (Market size, growth and forecast)
- 6.1 Asia-Pacific
- 6.1.1 China
- 6.1.2 India
- 6.1.3 Japan
- 6.1.4 South Korea
- 6.1.5 Rest of Asia-Pacific
- 6.2 North America
- 6.2.1 United States
- 6.2.2 Canada
- 6.2.3 Mexico
- 6.2.4 Rest of North America
- 6.3 Europe
- 6.3.1 Germany
- 6.3.2 United Kingdom
- 6.3.3 Italy
- 6.3.4 France
- 6.3.5 Rest of Europe
- 6.4 South America
- 6.4.1 Brazil
- 6.4.2 Argentina
- 6.4.3 Rest of South America
- 6.5 Middle East & Africa
- 6.5.1 Saudi Arabia
- 6.5.2 South Africa
- 6.5.3 UAE
- 6.5.4 Rest of Middle East and Africa
7. Competitive Landscape
- 7.1 Mergers & Acquisitions
- 7.2 Joint Ventures, Collaborations and Agreements
- 7.3 Market Share Analysis
- 7.4 Strategies Adopted by Leading Players
8. Company Profiles
- 8.1 AB Enzymes
- 8.2 Ajinomoto Co., Inc.
- 8.3 Amano Enzyme Inc.
- 8.4 Archer Daniels Midland Co.
- 8.5 BASF SE
- 8.6 Biocon
- 8.7 BioVectra
- 8.8 Cargill Inc.
- 8.9 Chr. Hansen A/S
- 8.10 DSM
- 8.11 Du Pont Danisco A/S
- 8.12 Evonik Industries AG
- 8.13 Hansen
- 8.14 Hanwha Group
- 8.15 Lonza
- 8.16 MicroBiopharm Japan Co., Ltd.
- 8.17 Novasep
- 8.18 Novozymes A/S
- 8.19 TCI Chemicals (India) Pvt. Ltd.
- 8.20 Teva Pharmaceutical Industries Ltd.
- 8.21 The Dow Chemical Co.