New report on Fermentation Chemicals are used as the most important raw material in alcohol industry. Ethanol, the major chemical required for the production of alcohol and alcoholic beverages is produced by fermentations. Therefore, rising demand for alcoholic beverages results in the growth of global fermentation chemical market. Moreover, other industries such as pharmaceutical, cosmetic, food and beverages industry need fermentation chemicals to run their production process. Hence, the growth of these industries in various geographical regions also drives the fermentation chemicals industry. High cost involved in the fermentation of lactic acid prevents its uses in the dairy industry. In addition, the fluctuation of production process in the fermentation of ethanol, bacteria, lactic acid also restraints the market growth. The production of eco friendly fermentation chemicals would create its application in the sectors such as biomass conversion.
Product Market AnalysisOn the basis of product type, the fermentation chemical market is segmented into alcohols, enzymes, organic acids and others. Fermentation of alcohols such as ethanol is used in the production of alcoholic beverages. It is also used in bakeries. Therefore, this chemical is largely used in the alcohol and bakery industry.
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Fermentation chemicals play a vital role as an initiator in the chemical reaction. Being used as a processor or catalyst in a reaction, it helps to speed the reaction. As a result of which, it is able to save time and cost of the reaction. The aim of the report is to analyze the present and projected future trends of global fermentation chemical market, as the demand of the product is expected to rise. The analysis provides an understanding of the market potential in various industry applications. The study is focusing on the opportunities of the emerging economies of the globe so that companies can strategically make region specific plans and gain competitive frame.
Competitive Landscape: The major players dominating the global fermentation chemicals markets 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, etc. INVISTA and LanzaTech signed a research and development agreement aimed at the development of gas-fermentation process technology for the production of industrial chemicals from carbon dioxide and hydrogen gas feedstock.
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