Fermentation Chemicals Market to Register a 5.4% CAGR from 2013 to 2019
A recent study by Transparency Market Research (TMR) forecasts that
the global fermentation
chemicals market will grow at a moderate CAGR of 5.4% from 2013
to 2019. TMR, a leading market intelligence firm based in the United
States, in its latest market report says that the revenue generated
by the global fermentation chemicals market was valued at US$41,567.7
million in 2012, and will surge to US$60,123.9 million by the end of
2019. The report is titled ‘Fermentation Chemicals Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 –
2019.’
Browse the full Fermentation Chemicals Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
report at
https://www.transparencymarketresearch.com/fermentation-chemicals.html
Fermentation chemicals are widely utilized in a broad range of
industry applications and chemical processes such as pharmaceutical
industry, alcohol industry, chemical industry, rubber industry, food
and beverages industry, and textile industry among many others. Owing
to their low cost, better outputs, and natural structure,
fermentation chemicals find applications in several industries across
the globe.
According to the primary and secondary research conducted by the
market analysts at TMR, the global fermentation chemicals market will
show a promising pace of growth for the period ranging from 2013 to
2019. The global demand and drive for the eco-friendly nature of
fermentation chemicals, increasing number of industrial applications,
and rising environmental concerns are some of the major factors
expected to instill number of market opportunities in the
fermentation chemicals market.
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The growth in this market will be brought about by robust demand in
different product segments and applications. The report covers
detailed outlook on the fermentation chemicals market by segmenting
the overall market based on its product segment analysis and
application segment analysis. Some of the major product class of
fermentation chemicals consists of enzymes, organic acids, alcohols,
and many others. Among the many segments, alcohols accounted for the
largest market share in 2012. This product segment was followed by
high growth in other segments such as the organic acids and enzymes
during the same year. The total revenue generated by the alcohol
segment of fermentation chemicals market was US$22,377.1 million in
2012. The alcohol segment accounted for nearly 53.8% share of total
consumption fermentation chemicals in the same year.
Apart from the alcohols market being the biggest product segment of
fermentation chemicals, some other types of segments including
vitamins, xanthan, and antibiotics are also very attractive within
the global fermentation chemicals market.
The report also addresses the market for fermentation chemicals in
terms of application segments which includes Industrial Applications,
Food and Beverages, Nutritional and Pharmaceutical, Plastics and
Fibers, and Others. The industrial application segment held the
largest market share in 2012. This sector accounted for nearly 45.2%
share of total consumption fermentation chemicals and generated
revenue worth US$18,765.7 million in 2012. Some other major end-user
application segments of the fermentation chemicals market such as the
pharmaceutical, cosmetics, and food and beverages dominated the
global fermentation chemicals market too. Consumption for food and
beverages has been the highest so far, and thus high and positive
growth is driven in this industry segment across the global
fermentation chemicals market. Additionally, the strong demand from
cosmetics and pharmaceutical industry is becoming a growth driver for
the fermentation chemicals market.
Based on regional analysis, the regional segmentation includes the
current and forecast demand for different regions such as Asia
Pacific, North America, Europe, and Rest of the world (RoW). Among
the various geographies, North America represents the most
significant and largest market for the fermentation chemicals
industry. In the recent past, growth in this market throughout this
region was driven by surging growth in the pharmaceutical market in
the U.S.
On the other hand, Asia Pacific is the second largest market for
fermentation chemicals, subsequently followed by Europe and RoW. Due
to the trending market saturation witnessed in the European and North
American markets, Asia Pacific region is expected to be the future
potential market until the end of the forecast period.
About Us
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a
team of research experts so that it always reflects the latest trends
and information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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