Fermentation Chemicals Market to reach a market size of $78.2 billion by 2025
According to a new report Global Fermentation Chemicals Market, published by KBV Research, the Global Fermentation Chemicals Market size is expected to reach $ 78,246.67 million by 2025, rising at a market growth of 5.47% CAGR during the forecast period.
The North America market dominated the Global Fermentation Chemicals Market by Region in 2018, and would continue to be a dominant market till 2025; thereby, achieving a market value of $31118.7 Million by 2025, growing at a CAGR of 4.8 % during the forecast period. The Europe market is expected to witness a CAGR of 5% during (2019-2025). Additionally, The Asia Pacific market is expected to witness a CAGR of 6.6% during (2019-2025).
The Industrial market captured the highest market share in the Global Fermentation Chemicals Market by Application in 2018, and is predicted to achieve a market value of $33783 Million by 2025, rising at a growth of 5% CAGR during the forecast period. The Plastics & Fibers market is anticipated to experience a growth rate of 6.8% CAGR during (2019-2025).
By Product, the North America market contributed the largest share to the revenue of Global Alcohols Market by Region in 2018, and would grow at a growth of 4.3% CAGR during the forecast period. The Europe market would grow at 4.5% CAGR during (2019-2025). Additionally, The Asia Pacific market is forecasted to witness a CAGR of 6% during (2019-2025).
Full Report: https://www.kbvresearch.com/fermentation-chemicals-market/
The report highlights the adoption of Fermentation Chemicals globally. Based on Application, the market is segmented into Industrial, Plastics & Fibers, Food and Beverages, Pharmaceutical and Nutritional and Other Applications. Based on Product, the market is segmented into Alcohols, Organic Acid, Enzymes and Other Products. The report also covers geographical segmentation of Fermentation Chemicals market. The geographies included in the report are North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. For the better analysis, the geographies are segmented into countries.
The major market players expanding their reach in the global Fermentation Chemicals market are Novozymes A/S, Koch Industries, Inc. (Invista BV), The Dow Chemical Company, BASF SE, Archer Daniels Midland Company, Cargill Corporation, Chr. Hansen Holding A/S, Koninklijke DSM N.V, Ajinomoto Co. Inc. and Evonik Industries AG (RAG-Stiftung).
Global Fermentation Chemicals Market Segmentation
By Application
Industrial
Plastics & Fibers
Food and Beverages
Pharmaceutical and Nutritional
Other Applications
By Product
Alcohols
Organic Acid
Enzymes and
Other Products
By Geography
North America
US
Canada
Mexico
Rest of North America
Europe
Germany
UK
France
Russia
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Singapore
Malaysia
Rest of Asia Pacific
LAMEA
Brazil
Argentina
UAE
Saudi Arabia
South Africa
Nigeria
Rest of LAMEA
Companies Profiled
Novozymes A/S
Koch Industries, Inc. (Invista BV)
The Dow Chemical Company
BASF SE
Archer Daniels Midland Company
Cargill Corporation
Chr. Hansen Holding A/S
Koninklijke DSM N.V
Ajinomoto Co. Inc. and
Evonik Industries AG (RAG-Stiftung)
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