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Fermentation Chemicals Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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  • 130 Pages
  • April 2021
  • Region: Global
  • Mordor Intelligence
  • ID: 5025711
The global fermentation chemicals market is expected to grow with a CAGR greater than 5% during the forecast period. One of the major factors driving the market is the growing demand from methanol and ethanol Industry. However, high-cost due to the complexity involved in the manufacturing process is hindering the growth of the market studied.
  • Increasing demand from the pharmaceutical industry is another major driver for the market studied.
  • Among the product types, alcohols are likely to account for the highest market share during the forecast period.
  • North America is expected to witness the highest share of the market studied during the forecast period.

Key Market Trends

Alcohols Segment to Dominate the Market
  • Ethanol butanol, BDO, and acetone are the major forms of alcohol made using fermentation chemicals. The global fermentation chemical market is dominated by alcohol, primarily ethanol
  • 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 consumption of alcohol across the world is expected to increase significantly. There is also a surge of alcohol usage in pharmaceutical applications for the 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.
  • Hence, owing to the above-mentioned factors, alcohols is likely to be the major product type of the market studied during the forecast period.

North America to Dominate the Market
  • North America accounts for the highest share in the global fermentation chemicals market currently.
  • 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.
  • In the recent past, the food & beverage industry has witnessed a major growth in the United States which is likely to drive the market studied.
  • Additionally, there has been an increasing demand for fermentation chemicals from Canad and Mexico for usage in industries like pharmaceutical, food & beverage, etc.
  • Hence, owing to the above-mentioned factors, North America is likely to witness the highest market share during the forecast period.

Competitive Landscape

The global fermentation chemicals market is moderately consolidated as the market of the market share is divided among few players. Some of the key players in the market include BASF SE, Cargill, Incorporated., Evonik Industries AG, DSM, and Lonza, among others.

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Table of Contents

1.1 Study Assumptions
1.2 Scope of the Study
4.1 Drivers
4.1.1 Growing Demand from Methanol and Ethanol Industry
4.1.2 Increasing Demand from the Pharmaceutical Industry
4.2 Restraints
4.2.1 High Cost Due to the Complexity Involved in the Manufacturing Process
4.2.2 Other Restraints
4.3 Industry Value-chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5.1 Product Type
5.1.1 Alcohols Ethanol Other Alcohols
5.1.2 Organic Acids
5.1.3 Enzymes
5.1.4 Other Product Types
5.2 Application
5.2.1 Industrial
5.2.2 Food and Beverage
5.2.3 Pharmaceutical and Nutritional
5.2.4 Plastics and Fibers
5.2.5 Other Applications
5.3 Geography
5.3.1 Asia-Pacific China India Japan South Korea ASEAN Countries Rest of Asia-Pacific
5.3.2 North America United States Canada Mexico
5.3.3 Europe Germany United Kingdom Italy France Rest of Europe
5.3.4 South America Brazil Argentina Rest of South America
5.3.5 Middle-East and Africa Saudi Arabia South Africa Rest of Middle-East and Africa
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 AB Enzymes
6.4.2 Ajinomoto Co., Inc.
6.4.3 ADM
6.4.4 BASF SE
6.4.5 Biocon
6.4.6 BioVectra
6.4.7 Cargill, Incorporated.
6.4.8 Chr. Hansen Holding A/S
6.4.9 DSM
6.4.10 Evonik Industries AG
6.4.11 Lonza
6.4.12 MicroBiopharm Japan Co., Ltd.
6.4.13 Novasep
6.4.14 Novozymes
6.4.15 Teva Pharmaceutical Industries Ltd.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • AB Enzymes
  • Ajinomoto Co., Inc.
  • ADM
  • Biocon
  • BioVectra
  • Cargill, Incorporated.
  • Chr. Hansen Holding A/S
  • DSM
  • Evonik Industries AG
  • Lonza
  • MicroBiopharm Japan Co., Ltd.
  • Novasep
  • Novozymes
  • Teva Pharmaceutical Industries Ltd.