Accelerating Growth in Alcohol Demand
Ethanol, butanol, BDO, and acetone are the major forms of alcohol considered in the report. The global fermentation chemical market is dominated by alcohol, primarily ethanol (both in terms of revenue and volume). The alcohol segment is expected to register a CAGR of 4.32%, through the forecast period. Ethanol is widely used as fuel in vehicles, as a fuel additive in gasoline, in paints and coatings, personal care products, alcoholic beverages, and many more.
The demand for fuel is expected to increase through the forecast period, due to the growing fleet of cars. Furthermore, according to IWSR, consumption of alcohol is expected to increase by 0.8%, by 2021. There is also a surge of alcohol usage in pharmaceutical applications for manufacturing of products, such as anesthetics, antiseptics, drugs, liniments, lotions, etc., all of which are expected to drive the market for alcohol during the forecast period.
North America to Dominate Market Growth
North America had the highest share in the market, accounting to around 35% of the global market in 2017. The market for North America is highly driven by the pharmaceutical industry in the United States, and its growing focus to turn itself into a green industry. Asia-Pacific is fastest growing region for fermentation chemicals, and portrays huge potential for growth in the future, due to the immense expansion in the food & beverage, pharmaceutical, and plastics market.
Adoption of Methanol as the Future Fuel in India
To lower fuel costs in India, the Government is planning to introduce methanol and its gaseous form, dymethylether (DME) as transport fuel. The Highways and Shipping Ministry has already prepared a draft notification relating this plan, and is expecting an official clearance from the Law Ministry. At present, India needs around 2,900 crore liters of petrol and 9,000 crore liters of diesel per year, and it is expected to double the consumption by 2030. With the adoption of methanol as a clean burning drop-in fuel that can replace petrol and diesel in transportation, the demand for it is definitely going to rise in the country, thus, driving the demand for fermentation chemicals in India.
Key Developments in the Market
- December 2017: According to the President of Association of Industrial Microbiologists of Nigeria (AIMN), the country can generate over USD 8 billion from enzymes for industrial use, provided the government set up a favorable environment to boost the sector.
- November 2017: DuPont was seeking to sell cellulosic ethanol plant.
- October 2017: Sugar mills in India were hoping for recovery in ethanol blending with petrol.
- September 2017: China planned to roll out the use of ethanol in gasoline nationally by 2020.
- July 2017: Indian enzyme manufacturer, Advanced Enzyme Technologies Ltd, announced their decision to acquire German industrial biotech company, Evoxx Technologies GmbH, for EUR 7.65 million.
Reasons to Purchase this Report
- Current and future global fermentation chemical market in the developed and emerging markets
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- The segment that is expected to dominate the market
- Regions that are expected to witness fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3 months analyst support, along with the Market Estimate sheet (in excel).
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1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Forces 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
4.1.1 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
4.2.1 Availability of Raw Material
4.2.2 Increasing Cost Due to the Complexity Involved in the Manufacturing Process
4.3.1 Evolving Green Industry
4.3.2 Increasing Demand for Bio-Based Feedstock in Industrial Biotechnology
5. Market Segmentation and Analysis (Market size, growth and forecast)
5.1 By Product Type
220.127.116.11 Other Alcohols
5.1.2 Organic Acids
5.2 By Application
5.2.2 Food & Beverage
5.2.3 Pharmaceutical & Nutritional
5.2.4 Plastics & Fibers
6. Regional Market Analysis (Market size, growth and forecast)
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.5 Rest of Europe
6.4 South America
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 Rest of Middle East and Africa
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
7.3 Market Share Analysis**
7.4 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services, Recent Developments and Analyst View)
8.1 AB Enzymes
8.2 Ajinomoto Co., Inc.
8.3 Amano Enzyme Inc.
8.4 Archer Daniels Midland Co.
8.5 BASF SE
8.8 Cargill Inc.
8.9 Chr. Hansen A/S
8.11 Du Pont Danisco A/S
8.12 Evonik Industries AG
8.14 Hanwha Group
8.16 MicroBiopharm Japan Co., Ltd.
8.18 Novozymes A/S
8.19 TCI Chemicals (India) Pvt. Ltd.
8.20 Teva Pharmaceutical Industries Ltd.
8.21 The Dow Chemical Co.
*list not exhaustive
**Subject to Availability on Public Domain
- AB Enzymes
- Ajinomoto Co. Inc.
- Amano Enzyme Inc.
- Archer Daniels Midland Co.
- BASF SE
- Cargill Inc.
- Chr. Hansen A/S
- Du Pont Danisco A/S
- Evonik Industries AG
- Hanwha Group
- MicroBiopharm Japan Co. Ltd.
- Novozymes A/S
- TCI Chemicals (India) Pvt. Ltd.
- Teva Pharmaceutical Industries Ltd.
- The Dow Chemical Co.